Iran-US Tensions Worry Investors, Check Today's Stock Recommendations

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) ended trading on Friday (10/04) in positive territory, up 2.07% to 7,458.50.

This strengthening was supported by the performance of banking and conglomerate stocks, with BBCA (+3.47%), TPIA (+16.83%), and BBRI (+3.35%) as the main drivers. On the other hand, DSSA (-0.32%), ANTM (-1.07%), and AMRT (-1.00%) weighed on the index’s movement.

Foreign investor activity recorded net inflows of Rp239.92 billion in the regular market and Rp193.91 billion across all markets. Sector-wise, all sectors strengthened, with the industrial sector leading the gains at 4.29%.

In global markets, US stock indices closed mixed. The Dow Jones weakened 0.56% to 47,916, the S&P 500 dipped slightly 0.11% to 6,816, while the Nasdaq rose 0.35% to 22,902.

The Wall Street decline was triggered by the release of inflation data reflecting pressure from rising energy prices on purchasing power. Nevertheless, this sentiment did not pressure Indonesia-based instruments in global markets, as evidenced by the EIDO ETF’s 0.82% gain and MSCI Indonesia’s 2.57% rise. Developments related to US-Iran negotiations have not yet been reflected in market price movements.

In the latest developments, weekend negotiations in Islamabad have reignited concerns that the US-Iran war will last longer than expected, leading to sustained rises in oil prices that will continue to burden the global economy.

Meanwhile, from the corporate side, PT Bank Tabungan Negara (Persero) Tbk. (BBTN) reported that it has disbursed around 6 million home ownership credit (KPR) units with a total value of Rp530 trillion since 1976 up to early April 2026.

This disbursement was dominated by the low-income segment, with an average monthly income of around Rp4.9 million, mostly from the informal sector. The company also recorded realisations of Housing Programme Credit (KPP) amounting to Rp2.17 trillion to more than 3,291 debtors up to March 2026, consisting of Rp1.47 trillion for the supply side and Rp700 billion for the demand side. In the short term, BBTN’s stock movement is expected to range between Rp1,265–Rp1,320.

Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), through its Annual General Meeting of Shareholders, approved a dividend distribution of 91.19% of the 2025 book year net profit, with a total value of Rp52.10 trillion or equivalent to Rp345.98 per share.

Previously, the company had disbursed an interim dividend of Rp137 per share, so the remaining final dividend is estimated at around Rp209 per share. This policy reflects an increase in the dividend payout ratio compared to the previous year, which was 85%.

Today’s Stock Recommendations from Mega Capital Securities

RATU - Buy 5525-5600 | TP 5800-6000 | SL 5200

JSMR - Buy 3150-3160 | TP 3200-3240 | SL 3000

LPKR - Buy 83-85 | TP 87-90 | SL 79

EMTK - Buy 860-875 | TP 890-920 | SL 810

PANI - Buy 8525-8625 | TP 8900-9200 | SL 8125