Stock Recommendations Today: JARR, GULA, to SIMP
Jakarta, CNBC Indonesia — The Indonesia Composite Index (IHSG) closed relatively flat in trading on Wednesday (2/9/2026). The IHSG fell 0.06% to the level of 6,595.78. Several stocks drove the index, including DCII, which rose 4.08%, BBCA, which strengthened by 1.14%, and BELI, which surged 24.54%.
On the other hand, pressure came from BYAN, which fell 2.49%, AMMN, which weakened by 2.06%, and ASII, which corrected by 1.63%. Foreign investors recorded a net sell of Rp235.16 billion in the regular market and Rp326.64 billion across all markets.
Out of 11 stock sectors, six sectors ended in the red zone. The Basic Materials sector recorded a decline of 1.34%, while the Technology sector strengthened by 3.74%.
Domestic market movement also took place amidst the strengthening of the United States stock exchanges. The Dow Jones rose 0.56% to the level of 53,061, the S&P 500 strengthened by 0.46% to 7,666, while the Nasdaq rose 0.45% to 26,217.
Market participants are still closely monitoring the delay in the implementation of the policy to remove the minimum share price limit from Rp50 to Rp1. This policy was previously scheduled to take effect on 7 September, but has been postponed until the third or fourth week of September 2026.
Meanwhile, Indonesian stock indices traded abroad also strengthened. ETF EIDO rose 0.54%, while MSCI Indonesia increased by 0.25%.
From the issuer side, PT VKTR Teknologi Mobilitas Tbk (VKTR) is exploring a funding facility of up to Rp2 trillion from Danantara Investment Management (DIM). This step was marked by the signing of an indicative non-binding term sheet on 28 August 2026. The funding, which is still in the discussion stage, is planned to support the expansion of the mobility-as-a-service (MaaS) business, including the procurement of electric buses and trucks.
Under this scheme, PT Bakrie & Brothers Tbk (BNBR) will act as a guarantor. The agreement also includes a conversion right for Danantara. Thus, DIM may hold shares in VKTR if the conversion right is subsequently exercised. However, this funding plan is not yet a final funding commitment as it remains in the early stages of discussion. Technically, VKTR shares are still moving within the range of Rp890-Rp1,005.
Next, PT Samindo Resources Tbk (MYOH) recorded coal production of 3.33 million tonnes up to July 2026. This realisation increased compared to the same period last year, which was 2.90 million tonnes, and exceeded the target of 3.16 million tonnes. This production performance was supported by a coal hauling volume of 14.09 million tonnes, slightly above the target of 13.99 million tonnes. Meanwhile, the overburden removal volume reached 21.01 million bank cubic metres (BCM), exceeding the target of 19.13 million BCM. The operational achievement of MYOH was supported by favourable mining weather conditions, hauling distance efficiency, and additional volume from its main client, PT Kideco Jaya Agung. This increase in mining activity occurred alongside the strengthening of global coal prices. Technically, MYOH shares are still within a trading range of Rp1,110-Rp1,185.
Furthermore, PT Apexindo Pratama Duta Tbk (APEX) plans to carry out a private placement through the issuance of 218.09 million new Series B ordinary shares. This amount is equivalent to 5.79% of the company’s total placed and fully paid-up capital. The execution price is set at Rp325 per share. Thus, the transaction value reaches approximately US$4.11 million or equivalent to Rp70.88 billion. This corporate action is carried out as part of an effort to improve the company’s financial position without receiving cash funds. The mechanism is carried out through debt compensation to creditors. A total of 62.31 million shares will be used to settle obligations to HSBC Bank PLC worth US$1.17 million. Meanwhile, 155.78 million shares will be given to The Hongkong and Shanghai Banking Corporation Limited for the settlement of debt worth US$2.93 million. With this action, the total obligation of APEX to Foreign Syndicate Creditors will decrease to US$8.67 million from the previous US$36.25 million which matures in 2026. The implementation of the private placement will cause a dilution of ownership for existing shareholders by 5.79%. The transaction plan is still awaiting approval at the Extraordinary General Meeting of Shareholders (EGMS) scheduled for 7 October 2026. Meanwhile, the agreed debt conversion date is targeted no later than 31 October 2026.
Today’s Stock Recommendations from Mega Capital Sekuritas:
JARR - Buy 3310-3330 | TP 3400-3450 | SL 3130
GULA - Buy 790-800 | TP 810-820 | SL 745
ARTO - Buy 1015-1025 | TP 1050-1075 | SL 960
GZCO - Buy 200-204 | TP 210-216 | SL 190
SIMP - Buy 645-655 | TP 665-680 | SL 610