Stock Recommendations Today: BULL, LSIP, MEDC Among Picks

The Jakarta Composite Index (IHSG) weakened by 0.30% to 6,315.31 on Thursday (23/7), pressured by foreign selling and declines in global markets. Foreign investors recorded a net sell of Rp712.21 billion in the regular market, with BBCA, ASII, and TLKM being the main drags on the index. Meanwhile, gains in MPRO, BUMI, and AMMN helped limit the decline. Sector-wise, four of eleven sectors ended in the red, with the industrial sector experiencing the deepest drop of 1.32%, while the property sector led gains with a 3.13% rise. Global sentiment was also subdued, with the Dow Jones falling 0.97%, the S&P 500 down 1.21%, and the Nasdaq dropping 2.15%. Market participants are closely monitoring developments in US tariff policy and rising global oil prices, which have increased caution. Geoprima Solusi (GPSO) is expanding into the Asian market through its mechanical components aftermarket business, as part of a transformation following its acquisition by Tjokro Group. The company is shifting its focus from original equipment manufacturer (OEM) segments to distributors, retailers, and industrial players to secure more stable, recurring revenue. This transformation follows the completion of the acquisition by PT PIMSF Pulogadung in November 2025 and a mandatory tender offer in February 2026. GPSO is projected to become Tjokro Group’s main vehicle for developing mechanical components, machining, and integrated supply chain solutions. Trimitra Trans Persada (BLOG) reported first-half 2026 revenue of Rp732.90 billion, a 17% increase from Rp626.50 billion in the same period last year. Net profit rose 9.1% to Rp77.60 billion from Rp71.10 billion. The growth was supported by an expanded operational network, now comprising 16 warehousing and cold storage facilities across Indonesia. The company is also completing a new cold storage facility in Java to increase capacity and strengthen its distribution network. AKR Corporindo (AKRA) announced an interim dividend of Rp50 per share for the 2026 financial year, totalling approximately Rp1 trillion. The decision was based on the company’s financial report as of 30 June 2026, which recorded attributable profit of Rp1.43 trillion, retained earnings of Rp10.57 trillion, and total equity of Rp12.96 trillion. The dividend represents a payout ratio of approximately 70.14% of first-half 2026 earnings. Based on the closing price of Rp1,410 per share on 23 July, the interim dividend offers a yield of around 3.55%. The cum dividend date in the regular and negotiation markets is scheduled for 31 July 2026, with payment on 14 August 2026. Stock recommendations for today include BULL with a buy range of 390-394 and a target price of 400-414, LSIP with a buy range of 1385-1395 and a target price of 1410-1440, TAPG with a buy range of 1710-1720 and a target price of 1735-1790, DSNG with a buy range of 1335-1345 and a target price of 1370-1400, and MEDC with a buy range of 1380-1390 and a target price of 1410-1430.