Danantara COO Meets Securities Leaders: Banks Now in Their Best Position

Jakarta, CNBC Indonesia - Head of BP BUMN Dony Oskaria has expressed his support for Indonesia’s capital market industry. Dony, who also serves as Chief Operating Officer of Daya Anagata Nusantara (Danantara), stated that he has held meetings with a number of securities firms. ‘Yesterday I also met directly with around 30 securities leaders,’ he said when met after a meeting with Commission VI at the DPR RI building in Jakarta, Wednesday (10/6/2026). Dony said that during the meeting, capital market players responded positively when his team explained the government’s programmes. ‘And they have just understood (the government programmes),’ he added. Dony revealed that SOE support for the capital market industry is being demonstrated through share buybacks. This comes as Himbara bank issuers plan to conduct buybacks. Such corporate actions are considered normal for a corporation when its share price does not reflect the company’s fundamentals. ‘It would be a shame. That is what is happening, many of our stocks have excellent fundamentals. Good, just look at our stocks, they are good, our banking sector is good, our infrastructure is good, their performance is good,’ he explained. Although he did not issue instructions for share buybacks, he is highly supportive given the current capital market situation. ‘I think other companies are also doing the same. I am certain it’s not just us doing it, isn’t it? Because the share prices are already… already low and it is profitable for us to buy because the fundamentals are good. As I said yesterday, the fundamentals of our banks are in their best position today,’ he stated. Dony added that the strong fundamentals of state-owned bank issuers are reflected in their positive company performance. This can build investor confidence in placing investment funds in the capital market. ‘You can see for yourself, they are publicly listed banks. You can see their books; they are in an extraordinarily good position. So if the share price falls, it is a shame, we might as well buy them,’ he concluded.