Stock Recommendations Today: AMMN, BUMI, to UNVR

The Jakarta Composite Index (IHSG) ended trading on Thursday (20/8) with a gain of 1.68% to 6,501.59. The index’s rise was driven by several stocks, with AMMN up 7.97%, BRMS strengthening 9.60%, and BBCA adding 1.59%. On the other hand, SRAJ fell 3.53%, DCII weakened 0.92%, and DSSA corrected 1.92%.

Foreign investors recorded a net buy of Rp733.69 billion in the regular market and Rp680.47 billion across all markets. All 11 stock sectors ended in positive territory. The Basic Materials sector recorded a 3.46% increase, while the Infrastructures sector rose 0.17%.

In the US market, the three main indices closed lower. The Dow Jones fell 1.32% to 52,759, the S&P 500 corrected 0.87% to 7,641, and the Nasdaq dropped 1.00% to 26,067. Meanwhile, the EIDO ETF weakened 0.64%, while MSCI Indonesia strengthened 1.45%.

On the market side, the IDX plans to lower the minimum price limit for equity securities in the Regular Market and Cash Market from Rp50 to Rp1 per share. The change is also accompanied by adjustments to auto rejection provisions.

For stocks priced above Rp10, the lower auto rejection (ARB) limit will be standardised at 15%. Meanwhile, the upper auto rejection (ARA) is set at 35% for the price range of Rp11–Rp200, 25% for Rp201–Rp5,000, and 20% for prices above Rp5,000.

Specifically for stocks in the Rp1–Rp10 range, ARA and ARB will use a nominal limit of Rp1.

For stocks previously held at the Rp50 level, the lower limit of the 35% ARA range will be revised from Rp50 to Rp11. With these provisions, the stock classification does not change and stocks have the potential to continue a maximum correction of 15% per day until they enter the Rp1–Rp10 price range.

The IDX also proposes removing the Special Monitoring Board criteria related to the average stock price below Rp51. This change is expected to increase transaction frequency and value by approximately two to three times.

The implementation of the new provisions is targeted to begin on 7 September 2026.

Meanwhile, on the corporate action side, Bangun Kosambi Sukses (CBDK) is preparing a share buyback with a maximum fund of Rp250 billion, including transaction costs. The buyback funds come from optimising the company’s internal cash and its implementation does not require GMS approval, referring to POJK 13/2023 and OJK Letter No. S-10/2026.

The plan was made after CBDK’s share price experienced a 57% correction year to date (YTD) until 19 August, while the IHSG was recorded down 26% YTD.

Based on the proforma financial statements as of 30 June 2026, if the buyback is carried out in full, CBDK’s total assets are estimated to decrease to Rp21.97 trillion from Rp22.22 trillion in 1H26. Total equity is projected to become Rp13.22 trillion from the previous Rp13.47 trillion.

On the other hand, basic earnings per share are estimated to increase from Rp297.34 to Rp300.95. LTM ROE is also projected to rise from 18.8% to 19.1%.

The buyback implementation is scheduled to take place over three months, from 20 August to 19 November 2026.

Next, Bank Central Asia (BBCA) has set an interim cash dividend for the third quarter of 2026 of Rp25 per share, with a total value reaching Rp3.07 trillion.

The distribution is the second interim dividend paid by BCA in 2026. Previously, the company had distributed an interim dividend for 2Q26 on 26 June 2026.

In the first half of 2026, BCA recorded a net profit attributable to owners of the parent entity of Rp29.53 trillion. This figure increased 1.79% compared to Rp29.02 trillion in the same period the previous year.

Basic and diluted net earnings per share were recorded at Rp240, up from Rp235 in 1H25. The interim dividend of Rp25 per share is equivalent to a dividend payout ratio of 10.40% of 1H26 net profit.

In trading on Thursday (20/8), BBCA shares closed at Rp6,400 per share. With the interim dividend amount, the dividend yield was recorded at approximately 0.39%.

The cum date for the dividend for the regular and negotiation markets is set for 28 August 2026, while the dividend payment is scheduled for 16 September 2026.

Today’s Stock Recommendations from Mega Capital Sekuritas:

AMMN - Buy 4430-4450 | TP 4490-4550 | SL 4220

BUMI - Buy 187-189 | TP 193-196 | SL 177

TAPG - Buy 1900-1910 | TP 1925-1950 | SL 1795

LSIP - Buy 1455-1465 | TP 1480-1505 | SL 1385

UNVR - Buy 1820-1830 | TP 1845-1855 | SL 1730