Stock Recommendations Today: BULL, LSIP, MEDC Among Picks
Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed 0.30% lower at 6,315.31 in Thursday’s trading session (23/7). The index weakened amid selling by foreign investors, with BBCA, ASII and TLKM shares the main drags on IHSG movement. On the other hand, gains in MPRO, BUMI and AMMN helped limit the index’s decline.
Foreign investors recorded net sales of Rp712.21 billion in the regular market, while across all markets net selling reached Rp1.22 trillion. By sector, four of eleven sectors closed in the red, with the industrial sector posting the deepest fall of 1.32%. Conversely, the property sector was the biggest gainer, rising 3.13%.
Global sentiment was also less than conducive. US stock markets closed lower, with the Dow Jones down 0.97%, the S&P 500 correcting 1.21% and the Nasdaq falling 2.15%. Market players are also monitoring developments in US tariff policy and rising global oil prices, which have increased caution in the market. In line with this, the EIDO ETF and the MSCI Indonesia index fell 2.13% and 1.76% respectively.
Meanwhile, Geoprima Solusi (GPSO) is expanding into the Asian market through its mechanical components business for the aftermarket, as part of its business transformation after joining the Tjokro Group. The company is now broadening its business focus from the original equipment manufacturer (OEM) segment to distributors, retailers and industrial players, with the hope of strengthening revenue sources from aftermarket demand, which is recurring and relatively more stable.
The transformation was carried out after PT PIMSF Pulogadung officially became the new controlling shareholder, having completed its acquisition in November 2025 and the mandatory tender offer in February 2026. Going forward, GPSO is projected to become the Tjokro Group’s main vehicle for developing its mechanical components, machining and integrated supply chain solutions business.
Next, Trimitra Trans Persada (BLOG) booked revenue of Rp732.90 billion in the first half of 2026, up 17% from Rp626.50 billion in the same period last year. Net profit also rose 9.1% to Rp77.60 billion from the previous Rp71.10 billion.
The growth was supported by a strengthened operational network, which now has 16 warehousing and cold storage facilities across various regions of Indonesia. The company is also completing construction of a new cold storage facility on Java Island to increase refrigerated storage capacity while strengthening its distribution network.
On the other hand, AKR Corporindo (AKRA) has set an interim dividend for the 2026 financial year of Rp50 per share, with a total value of around Rp1 trillion. The decision has been approved by the Board of Directors and Board of Commissioners based on the financial report as of 30 June 2026, which recorded profit attributable to owners of the parent entity of Rp1.43 trillion, retained earnings of Rp10.57 trillion and total equity of Rp12.96 trillion.
The dividend amount is equivalent to a payout ratio of around 70.14% of first-half 2026 profit. Based on the closing share price on 23 July at Rp1,410 per share, the interim dividend equates to a dividend yield of around 3.55%. The cum dividend date in the regular and negotiation markets is scheduled for 31 July 2026, while dividend payment will be made on 14 August 2026.
Today’s Share Recommendations
BULL - Buy 390-394 | TP 400-414 | SL 370
LSIP - Buy 1385-1395 | TP 1410-1440 | SL 1305
TAPG - Buy 1710-1720 | TP 1735-1790 | SL 1630
DSNG - Buy 1335-1345 | TP 1370-1400 | SL 1260
MEDC - Buy 1380-1390 | TP 1410-1430 | SL 1300