Stock Recommendations for Today: KLBF, ERAL, to CMRY
The Indonesia Composite Index (IHSG) closed weaker by 1.13% at the 6,534.69 level during Tuesday (15/9) trading.
A number of stocks supported the index, with BREN rising 1.29%, ANTM strengthening by 2.51%, and KLBF surging 4.76%. Conversely, pressure came from BYAN, which corrected by 8.11%, followed by BBRI dropping 2.35% and BBCA weakening by 1.54%.
Foreign investors recorded a net sell of Rp354.16 billion in the regular market and Rp349.28 billion across all markets.
From a sectoral perspective, eight out of 11 sectors ended in the red zone. The Industrial sector recorded the deepest decline of 1.56%, while the Health sector was the highest performer, gaining 0.24%.
Negative sentiment was also observed in the US stock market. The Dow Jones fell 0.63% to 52,093, the S&P 500 weakened 0.45% to 7,585, and the Nasdaq corrected 0.78% to 25,981.
BYAN shares remained under pressure with an 8.11% decline, exerting an influence of -14.67% on the IHSG. The correction continued following a force majeure event affecting three of its subsidiaries due to the pending approval of the 2026 RKAB (Work Plan and Budget). This situation has raised concerns regarding the company’s production volume and financial performance.
In line with the market weakness, the EIDO ETF and the MSCI Indonesia index corrected by 1.01% and 1.61%, respectively.
Regarding corporate actions, PT Media Nusantara Citra Tbk (MNCN) is strengthening its media business through strategic partnerships with Republik Media Anak Bangsa (RMAB) and Sinergi Terang Abadi (STA). The collaboration aims to build an integrated news and sports ecosystem through television, radio, digital channels, and streaming services.
This collaboration includes the iNews Media Group, iNews TV, MNCN’s radio portfolio, and several digital platforms such as Okezone, iNews, Sindonews, News+, and IDX Channel. Overall, the ecosystem has approximately 72 million followers and subscribers, recording around 1.8 billion views per month.
This audience integration is part of MNCN’s strategy to address declining advertising monetisation while driving recurring revenue growth. In the first half of 2026, MNCN’s revenue decreased by 13.59% year-on-year to Rp3.52 trillion from Rp4.07 trillion in the same period the previous year, primarily due to a drop in advertising revenue.
On the other hand, content and subscription lines continued to show growth, making the development of the digital ecosystem and audience integration a key focus for the company moving forward.
Meanwhile, PT Cisarua Mountain Dairy Tbk (CMRY) is strengthening its distribution network through a gradual capital injection of Rp125 billion into its controlled subsidiary, Macrosentra Niagablar.
The funds will be used to support the expansion of distribution centres and working capital requirements. This transaction is an affiliated transaction exempted under POJK No. 42/POJK.04/2020, as Macrosentra Niagaboga is a controlled company with CMRY holding a 99.99% stake.
The transaction does not change control and does not have a material impact on CMRY’s financial condition, operational activities, or business continuity.
This strengthening of the distribution network aligns with the company’s performance growth in the first half of 2026. CMRY’s revenue grew 25.50% year-on-year to Rp6.46 trillion from Rp5.15 trillion. Meanwhile, net profit increased by 17.88% to Rp1.17 trillion from Rp0.99 trillion in the same period last year.
On the other hand, PT Dua Putra Utama Makmur Tbk (DPUM) is preparing a capital expenditure of Rp100 billion for 2026 after Rama Indonesia, part of the Unirama Group, became the new controlling shareholder through the acquisition of 2.47 billion shares of the company.
Alongside this capital expenditure plan, DPUM targets an average EBITDA growth of 7.75% per year during the 2027 to 2030 period.
The change in control occurred while the company’s performance was still facing pressure. In the first half of 2026, DPUM’s revenue fell 29.47% year-on-year to Rp407.53 billion from Rp577.82 billion. The company also recorded a loss of Rp30.98 billion after being impacted by a fire.
With a pressured balance sheet, DPUM’s performance recovery will depend on support from the new controller, the execution of the Rp100 billion capital expenditure, and the realisation of insurance claims, the write-off process of which has not yet been finalised.
Today’s Stock Recommendations from Mega Capital Sekuritas:
KLBF: Buy 755-765 | TP 780-790 | SL 720
ERAL: Buy 324-328 | TP 332-336 | SL 308
MAPI: Buy 1370-1380 | TP 1400-1420 | SL 1300
PGEO: Buy 1040-1055 | TP 1070-1080 | SL 1000
CMRY: Buy 4520-4540 | TP 4600-4640 | SL 4370