IHSG Remains Under Pressure, Here Are 5 Stock Recommendations Worth Considering
The Indonesian Composite Index (IHSG) closed in negative territory during Tuesday’s trading (21/04), down 0.46% to 7,559.38.
The index’s decline occurred amid varied stock movements, where BRPT, EMAS, and BMRI provided the main support for gains. Conversely, the heaviest pressure came from DSSA, BBRI, and BREN, which weighed on the index.
Foreign investor activity still recorded net buying, with a net buy value of Rp243.21 billion in the regular market and Rp473.93 billion across all markets.
Sector-wise, only two out of eleven sectors experienced weakness, with the energy sector recording the deepest decline of 1.02%. Meanwhile, the industrial sector emerged as the strongest performer, rising 2.58%.
From global sentiment, US stock markets also closed lower. The Dow Jones index fell 0.59% to 49,149, followed by the S&P 500 down 0.63% to 7,064, and the Nasdaq weakening 0.59% to 24,259.
Market concerns have risen again amid uncertainty over reaching an agreement between the US and Iran. Nevertheless, US President Donald Trump decided to extend the ceasefire for two weeks. On the other hand, Indonesian market indicators abroad also showed weakness, reflected in the EIDO ETF’s 1.23% drop and MSCI Indonesia’s 1.08% decline.
From the issuer performance perspective, Sreeya Sewu Indonesia (SIPD) posted a significant profit surge throughout 2025. The company’s net profit rose 781.98% to Rp29.32 billion, compared to Rp3.32 billion the previous year. This growth came alongside a 1.50% increase in revenue to Rp5.44 trillion, although the cost of goods sold also rose 1.59% to Rp4.94 trillion.
Looking ahead, SIPD’s management targets revenue growth of 10-15% in 2026, with projections for pre-tax profit increases of 30-40%. Growth strategies will focus on product innovation, including optimisation of the Nganjuk factory, which currently operates at 70% utilisation. In terms of share price movement, SIPD remains in a consolidation phase between Rp960 and Rp1,085.
Meanwhile, Mulia Boga Raya (KEJU) decided to distribute a cash dividend of Rp89.88 billion or Rp16 per share for the 2025 fiscal year. This amount equates to 50% of the net profit of Rp179.44 billion, which grew 22.17% from the previous year.
KEJU’s positive performance is also reflected in sales that increased 19.13% to Rp1.50 trillion, driven by strengthening demand and opportunities from the Free Nutritious Meals (MBG) programme. In addition to the dividend distribution, the company set a mandatory reserve of Rp200 million and a general reserve of Rp89.35 billion. The cum dividend date is set for 1 May, with dividend payments scheduled for 13 May.
Today’s Stock Recommendations
BWPT - Buy 136-139 | TP 142-146 | SL 128
BUMI - Buy 244-246 | TP 250-258 | SL 230
BMRI - Buy 4680-4700 | TP 4770-4870 | SL 4490
IATA - Buy 88-91 | TP 93-96 | SL 82
GZCO - Buy 240-246 | TP 250-258 | SL 228
Disclaimer: All stock analyses and recommendations in this article are for informational purposes only and do not constitute an invitation to buy or sell specific stocks. Investment decisions are entirely at the discretion of each investor according to their risk profile and personal financial goals. Invest wisely.