IHSG Dips Slightly, Analysts Release Stock Recommendations for Today
Jakarta, CNBC Indonesia — Trading on Thursday (16/04) showed the Composite Stock Price Index (IHSG) moving flat with a slight decline of 0.03% to 7,621.38.
Several stocks such as SRAJ, TLKM, and BFIN became the main supports for the strengthening, while BRPT, DSSA, and BREN burdened the index movement. Foreign investor activity was recorded as still conducting net selling of Rp1.01 trillion in the regular market and around Rp982.31 billion in all markets.
Sectorally, five out of eleven sectors were in the negative zone, with the infrastructure sector recording the deepest correction of 0.60%. On the other hand, the transportation sector recorded the most significant increase of 3.36%.
Meanwhile, the US stock market closed higher, with the Dow Jones index up 0.24%, S&P 500 strengthening 0.26%, and Nasdaq adding 0.36%. Positive global sentiment was driven by US President Donald Trump’s statement regarding a temporary ceasefire agreement between Israel and Lebanon for 10 days.
However, that sentiment has not yet fully reflected in foreign fund flows into Indonesia-based instruments such as the EIDO ETF and MSCI Indonesia, which still experienced a decline of 0.31%.
From the corporate side, Teladan Prima Agro (TLDN) allocated capital expenditure of around Rp600 billion for 2026. The funds are focused on developing plantation infrastructure and factories, including the construction of kernel crushing plant (KCP) and biogas power plant (BPP) facilities, as well as opening expansion opportunities through acquisitions.
The budget details show around Rp50–60 billion allocated for the palm kernel processing plant and Rp40–50 billion for the biogas facility construction. The company also prioritises operational efficiency and the utilisation of renewable energy to control costs, especially amid pressures from rising fertiliser and oil prices.
Management targets production growth of 5% to 10%, and is optimistic that financial performance in 2026 can improve by around 10% compared to the 2025 projection.
Meanwhile, United Tractors (UNTR) decided on the distribution of final dividends of Rp1,096 per share at the Annual General Meeting held on 16 April, bringing the total dividends for the 2025 fiscal year to Rp1,663 per share, including interim dividends of Rp567.
The total value of dividends to be distributed is estimated to reach Rp5.92 trillion with a payout ratio of around 40%. Throughout 2025, UNTR recorded a 2.32% revenue decline to Rp131.30 trillion, while net profit fell more sharply by 24.56% to Rp15.17 trillion.
Despite performance pressures, the company maintained a relatively stable dividend policy, with the payment scheduled for 18 May.