Stock Recommendations Today: Check PACK to DEWA

Jakarta, CNBC Indonesia — The Composite Stock Price Index (IHSG) closed Friday’s (24/7) trading session down 1.88% at 6,196.43.

Amid the market weakness, shares in MORA rose 3.94%, MPRO climbed 3.96%, and BULL surged 12.31%, becoming the main pillars supporting the index. Conversely, the greatest pressure came from BMRI, which fell 5.71%, followed by AMMN, which weakened 4.27%, and BUMI, which corrected 6.56%.

In terms of investor activity, foreign investors booked net sales of Rp1.25 trillion in the regular market and Rp1.36 trillion across all markets. Every sector on the exchange ended in the red, with the cyclical consumer goods sector recording the deepest decline at 3.04%.

In global markets, US stock exchanges closed mixed. The Dow Jones rose 0.46% to 51,947, the S&P 500 moved relatively flat with a 0.05% gain to 7,411, while the Nasdaq fell 0.64% to 24,975.

Foreign investors’ net selling, which reached Rp3.37 trillion throughout last week, remains one of the factors being watched by market players, amid persistently high oil prices and a weakening rupiah exchange rate. Meanwhile, the EIDO ETF and the MSCI Indonesia index corrected 1.13% and 1.52% respectively.

On the corporate actions front, PT Amman Mineral Internasional Tbk. (AMMN) has officially completed the construction of its copper smelter in West Sumbawa following the signing of the Completion and Project Acceptance Certificate (PAC), marking the start of long-term commercial operations.

The facility, designated a National Strategic Project (PSN) and operated by PT Amman Mineral Industri (AMIN), has processing capacity of up to 900,000 metric tonnes of copper concentrate per year, sourced from the Batu Hijau mine and later also the Elang mine.

The smelter is capable of producing approximately 220,000 tonnes of copper cathode and 830,000 tonnes of sulphuric acid each year. The concentrate processed is also refined at the Precious Metal Refinery (PMR) to produce up to 579,000 ounces of pure gold, 1.8 million ounces of pure silver, and 77 tonnes of selenium per year.

Having previously produced its first copper cathode in March 2025 and first pure gold in July 2025, the completion of the PAC marks an important milestone in AMMN’s transformation into a mining company integrated from upstream to downstream.

Next is PT Tempo Scan Pacific Tbk. (TSPC), which has formed a joint venture with Chia Tai Tianqing Pharmaceutical Group (CTTQ), a subsidiary of Sino Biopharmaceutical, through the establishment of a joint venture company named Tempo CTTQ Biopharmaceutical Indonesia (TCBI). Under the ownership structure, Sino Biopharmaceutical holds 51%, while TSPC owns 49%.

The long-term collaboration encompasses technology transfer in the pharmaceutical field to strengthen the development of specialty pharmaceutical products and support the construction of biopharmaceutical facilities domestically.

The move comes amid TSPC’s revenue growth in the first quarter of 2026 of 4.12% year on year to Rp3.41 trillion, supported by contributions from the consumer products and cosmetics segment of Rp1.22 trillion, pharmaceuticals of Rp1.10 trillion, and distribution services of Rp1.09 trillion. On the other hand, net profit was recorded at Rp351.81 billion, lower than the Rp409.22 billion posted in the same period last year.

Meanwhile, PT DCI Indonesia Tbk. (DCII) booked revenue of Rp1.78 trillion in the first half of 2026, up 33.23% compared with the same period last year. Net profit also grew 18.74% to Rp732.53 billion.

The growth was primarily driven by the colocation services business, which contributed Rp1.67 trillion in revenue from the group’s data centre facility in Bekasi. In line with capacity development, the company is completing construction of phases 3 to 5 of the JK6 data centre, which has reached approximately 80% progress and is targeted to begin operations this year. In addition, initial construction of the JK7 and JK8 data centres has also begun to support increased colocation service capacity.

Today’s Stock Recommendations from Mega Capital Sekuritas

PACK — Buy 228–232 | TP 238–242 | SL 216

SGER — Buy 436–440 | TP 446–450 | SL 414

SUNI — Buy 665–660 | TP 680–690 | SL 630

MDIA — Buy 124–127 | TP 129–131 | SL 117

DEWA — Buy 436–440 | TP 446–452 | SL 410