The Composite Stock Price Index (IHSG) closed slightly higher by 0.22% at 6,971.95 in Monday’s trading session (May 4). The gain was supported by stocks such as TLKM, BBRI, and BREN, while downward pressure came from DSSA, GOTO, and TPIA, which declined.

In terms of foreign investor activity, there was a net sell of Rp791.28 billion in the regular market. However, overall, foreign investors still recorded a net buy of Rp1.92 trillion.

From a sectoral perspective, only 4 out of 11 sectors posted gains, with the cyclical sector leading the increase at 2.53%. Meanwhile, the healthcare sector experienced the deepest decline at 1.63%.

In global markets, major U.S. stock indices closed lower, with the Dow Jones falling 1.13%, the S&P 500 dropping 0.41%, and the Nasdaq declining 0.19%.

Market participants are currently awaiting the release of Indonesia’s Q1 2026 economic growth data, which is projected to grow 5.40% year-on-year, although a quarterly contraction is expected. Meanwhile, rising geopolitical tensions in the Strait of Hormuz have pushed commodity prices higher and added pressure to global equity markets. This is reflected in the weakening of Indonesia-focused ETFs in offshore markets, while the MSCI Indonesia index still shows a positive trend supported by domestic factors.

From the corporate side, PT Timah Tbk (TINS) recorded a significant surge in performance during Q1 2026. Net profit jumped 1,184.21% to Rp1.50 trillion, alongside revenue growth of 160.50% to Rp5.46 trillion.

This increase was driven by a rise in tin metal sales volume to 6,009 tons and an average selling price increase of 51.47%. Additionally, the depreciation of the rupiah provided further support to the company’s export performance, which dominates its revenue.

Meanwhile, PT Sumber Global Energy Tbk (SGER) secured a new contract worth US$154.68 million for coal shipments to Vietnam to support the Song Hau 1 power plant operations for the 2026–2027 period. This contract complements the company’s export market expansion after previously securing projects in the Philippines and Bangladesh.

In the agribusiness sector, PT Japfa Comfeed Indonesia Tbk (JPFA) announced a cash dividend of Rp140 per share, totaling Rp1.62 trillion from its 2025 earnings, with a payout ratio of 40.68%.

JPFA’s operational performance also improved, with sales rising 8.80% to Rp60.72 trillion and net profit increasing to Rp4.00 trillion. The cum dividend date is set for May 8, while payment will be made on May 19, 2026.

Today’s Stock Recommendations
PTBA - Buy 2920–2950 | Target 3000–3060 | Stop Loss 2800
SGER - Buy 386–390 | Target 396–404 | Stop Loss 368
AMRT - Buy 1410–1425 | Target 1450–1465 | Stop Loss 1320
FILM - Buy 2920–2950 | Target 3000–3070 | Stop Loss 2750
JPFA - Buy 2600–2630 | Target 2690–2740 | Stop Loss 2470

Disclaimer: All analyses and stock recommendations in this article are for informational purposes only and do not constitute an invitation to buy or sell any securities. Investment decisions are entirely the responsibility of each investor, based on their own risk profile and financial goals. Invest wisely.