JCI Continues Rally, These Stocks Have Profit Potential
Jakarta, CNBC Indonesia — The Composite Stock Price Index (JCI) ended trading on Tuesday (14/04) in positive territory, strengthening by 2.34% to 7,675.95.
The index’s rise was supported by leading stocks such as MORA, which surged 25.00%, BBCA up 2.66%, and BREN strengthening 7.00% as the main drivers. On the other hand, pressure came from MSIN, which fell 14.77%, TLKM weakening 2.19%, and DCII correcting 1.14%.
From a fund flow perspective, foreign investors recorded net selling of Rp48.09 billion in the regular market and Rp30.74 billion across all markets.
Sectorally, the majority of sectors strengthened, with 9 out of 11 sectors in the green zone, where the infrastructure sector recorded the highest increase of 5.62%, while the consumer cyclical sector was the only one to experience the deepest decline of 0.95%.
Positive sentiment was also evident from global markets, where major indices in the United States closed higher, driven by optimism over the potential agreement between the US and Iran. This was reflected in the 1.61% strengthening of the EIDO ETF and the 2.26% rise in MSCI Indonesia.
On the corporate side, PT Transkon Jaya Tbk (TRJA) plans to expand its business by adding three new business lines, including other land passenger transport, rental transport, and non-route bus transport.
Based on a feasibility study, this plan shows solid prospects with a net present value (NPV) of Rp95.67 billion, an internal rate of return (IRR) of 26.50%, and a profitability index (PI) of 3.16%.
The company estimates that these business lines could generate revenue of Rp7.53 billion with net profit of Rp1.87 billion in 2026. In the longer term, revenue is projected to increase significantly to Rp174.22 billion with net profit of Rp71.63 billion in 2030.
Meanwhile, PT Matahari Putra Prima Tbk (MPPA) announced plans for capital addition through a rights issue scheme by issuing 23.99 billion new shares at an exercise price of Rp50 per share.
This corporate action is offered at a ratio of 114:211, meaning every holder of 114 old shares is entitled to purchase 211 new shares. Shareholders who do not participate could experience a dilution of ownership up to 64.92%.
The major shareholder, PT Multipolar Tbk (MLPL), has stated its commitment to take up all its rights worth approximately Rp601.61 billion and act as a standby buyer up to Rp980 billion, including absorbing remaining shares not taken by other investors.
The proceeds from this action will be used for capital expenditure, particularly the acquisition of assets in the form of land and buildings in several strategic cities such as Surabaya, Gresik, Bogor, and Yogyakarta. The trading period for rights to purchase securities in advance (HMETD) is scheduled from 19 to 25 June.
Today’s Stock Recommendations from Mega Capital Sekuritas
NICL - Buy 960-980 | TP 995-1060 | SL 910
INET - Buy 334-338 | TP 346-362 | SL 314
INCO - Buy 6375-6425 | TP 6575-6800 | SL 6000
ARCI - Buy 1595-1605 | TP 1630-1690 | SL 1505
TINS - Buy 3910-3950 | TP 4030-4190 | SL 3680