Stock Recommendations Today: TLKM, INTP, and Others in Focus
Jakarta, CNBC Indonesia — The Jakarta Composite Index (IHSG) closed Monday’s trading (3/8) relatively stable with a slight correction of 0.03% to 6,234.50.
The index’s movement was supported by gains in PT Telkom Indonesia Tbk (TLKM), which jumped 4.18%, followed by AMMN (+4.39%) and MAPI (+21.86%). On the other hand, weakness in BREN (-4.18%), DCII (-1.66%) and BBRI (-0.66%) limited the index’s room for gains.
Foreign investors booked net selling of Rp758.71 billion in the regular market and Rp708.00 billion across all markets. By sector, eight of eleven sectors closed lower, with the technology sector down the most at 1.52%, while the cyclical sector led gains with a rise of 1.64%.
External sentiment tended to be positive after the United States stock market closed higher. The Dow Jones rose 1.32% to 53,178, followed by the S&P 500, which strengthened 1.48% to 7,600, and the Nasdaq, which added 2.13% to 25,913.
Market players are also monitoring the implementation of the Indonesia Stock Exchange’s special notations, effective from 3 August 2026, covering the L notation for issuers that have not submitted their financial statements, as well as the B and M notations relating to bankruptcy conditions or suspension of debt payment (PKPU).
Meanwhile, the application of the P notation, which relates to compliance with free float requirements, will be implemented in phases starting 30 November 2026 for the Acceleration Board and 30 April 2027 for the Main Board and Development Board. In global markets, the EIDO ETF rose 0.81%, while MSCI Indonesia moved relatively flat with a slight decline of 0.07%.
On the corporate action side, PT Telkom Indonesia Tbk (TLKM) recorded consolidated revenue of Rp75.90 trillion in the first half of 2026, up 3.90% from Rp73.05 trillion in the same period last year. This growth was driven by the B2B Infrastructure segment, which rose 19.00% to Rp33.10 trillion on the back of growth in data, internet and IT services.
On the retail side, Telkomsel’s revenue increased 3.30% to Rp55.60 trillion, supported by 11.00% growth in its digital business and an increase in mobile average revenue per user (ARPU) to Rp45,600 from Rp41,835 in the first half of 2025. Net profit attributable to owners of the parent entity rose 1.40% to Rp10.60 trillion, supported by an efficiency programme that also drove operating cash flow growth of 7.00% to Rp34.90 trillion.
Next, PT Bukit Uluwatu Villa Tbk (BUVA) plans to carry out a rights issue (PMHMETD II) worth a maximum of Rp1.54 trillion.
The company will issue up to 6.15 billion new shares, or approximately 20% of placed and paid-up capital after the corporate action, at an exercise price of Rp250 per share. Every holder of four existing shares recorded on 28 September 2026 is entitled to one pre-emptive right to purchase one new share, with a maximum potential dilution of 20%.
The proceeds of the corporate action will be used, among other things, for a capital injection into Bukit Bali Permai to acquire Royal Uluwatu Residence and develop the West Resort Uluwatu project worth Rp420.49 billion, accelerated repayment of financing debt of Rp417.80 billion, construction of Uluwatu Estate infrastructure of Rp396.19 billion, renovation of Alila Ubud for Rp150 billion, and a capital injection into Bukit Lagoi Villa of Rp150 billion.
Meanwhile, PT Triputra Agro Persada Tbk (TAPG) has set an interim cash dividend for the 2026 financial year of Rp60 per share, equivalent to approximately Rp1.19 trillion. This amount reflects a dividend payout ratio of 58.39% of net profit for the first half of 2026.
The company previously recorded net profit attributable to owners of the parent entity of Rp2.04 trillion, retained earnings of Rp6.21 trillion, and total equity of Rp11.93 trillion. Based on the closing share price on 3 August at Rp1,840 per share, the interim dividend represents a dividend yield of around 3.26%.
The cum dividend date in the regular and negotiation markets has been set for 11 August 2026, while dividend payment is scheduled for no later than 31 August 2026.
Today’s Stock Recommendations
TLKM — Buy 2720-2740 | TP 2770-2800 | SL 2580
MAPA — Buy 665-675 | TP 685-700 | SL 625
DSNG — Buy 1375-1390 | TP 1405-1440 | SL 1300
IRSX — Buy 360-364 | TP 370-380 | SL 342
INTP — Buy 4770-4800 | TP 4850-4900 | SL 4530