IHSG Under Sharp Pressure, Check Out 5 Stock Recommendations with Profit Potential Today
Jakarta, CNBC Indonesia - The Composite Stock Price Index (IHSG) closed weaker by 2.03% at the level of 6,956.80 in Thursday’s trading (30/04). Several stocks such as SMMA, BUMI, and ADRO supported the index’s movement, while BBRI, BBCA, and BREN pressured the IHSG’s performance.
Foreign investor selling activity was recorded at Rp1.65 trillion in the regular market and Rp1.49 trillion overall. On a sectoral basis, all sectors closed in the red zone, with the industrial sector recording the deepest decline of 2.95%.
In the global market, US stock indices moved variably. The Dow Jones fell 0.31% to 49,499, while the S&P 500 rose 0.29% to 7,230 and the Nasdaq strengthened 0.89% to 25,114.
Domestic market sentiment is still influenced by expectations of inflation dropping to 2.40% year-on-year, lower than the consensus of 2.69%. Additionally, the March trade balance is estimated to shrink to US$1 billion from the previous US$1.28 billion, also below market projections. Market participants’ wait-and-see attitude is evident from the differing directions between the EIDO ETF, which strengthened 0.20%, and the MSCI Indonesia, which weakened 2.40%.
From the issuer performance side, Bumi Resources (BUMI) recorded revenue growth of 19.75% to US$417.65 million in Q1-2026, compared to the same period last year of US$348.77 million. Cost of goods sold also increased by 12.53% to US$334.81 million. Nevertheless, the company’s net profit still rose significantly by 36.66% to US$41.09 million.
This performance was supported by an increase in coal production volume of 11.62% to 19.20 million tonnes and sales up 14.37% to 19.10 million tonnes, although the average coal price corrected by 9.70%. Efficiency is also reflected in the stripping ratio decreasing to 7.7 times from the previous 8.4 times.
Meanwhile, Medco Energi Internasional (MEDC) booked a surge in net profit of 251.43% to US$72.15 million in Q1-2026. Company revenue rose 19.24% to US$668.31 million, although cost of goods sold increased higher at 31.19%.
Operationally, the first-quarter achievement is deemed in line with the 2026 annual target, including oil and gas production of 169 MBOEPD and production costs remaining stable around US$9 per BOE. The company is also continuing the development of strategic projects such as Bualuang Phase-1 and contributions from the AMMN smelter, with capital expenditure realisation still below 25% of the annual target.
In the regional banking sector, Bank Pembangunan Daerah Jawa Barat dan Banten (BJBR) set a cash dividend of Rp900 billion or Rp85.54 per share from the 2025 book year profit.
The dividend payout ratio was recorded at 78.07% of net profit of Rp1.15 trillion. Interest income performance grew 6.83% to Rp15.79 trillion, driven by increases in interest and sharia income. However, net profit was recorded to have declined compared to the previous year, in line with a decrease in earnings per share. The cum dividend schedule in the regular and negotiation markets is set for 7 May, with payment on 26 May.
Today’s Stock Recommendations
BUMI - Buy 234-240 | TP 246-256 | SL 224
CYBR - Buy 1255-1270 | TP 1290-1320 | SL 1175
AADI - Buy 11500-11600 | TP 11750-11900 | SL 10875
MOLI - Buy 290-294 | TP 300-308 | SL 274
ITMG - Buy 26500-26650 | TP 27150-27600 | SL 25025