The Indonesia Stock Exchange (IDX) reported there are 12 public issuers are planning to buyback their shares in the secondary market with total amount Rp2.5 trillion (US$168.92 million) - Photo: Special

JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) dropped 1.16 percent to 6,372.79 on Thursday (04/24) from previous day, which also closed down 0.23 percent to 6,447.88. For today, MNC Sekuritas rated the JCI will experience a dead cat bounce or rebound in the short term time before being corrected back towards 6,300

Top Gainers

Yesterday, PT Tempo Intimedia Tbk (TMPO) shares posted the biggest price increase after closing up 18.75 percent at Rp190 each. Second gainer is PT Meta Epsi Tbk (IDX: MTPS) shares, which rose 15.46 percent and closed at the level of Rp1,195 a piece.

Top Losers

PT Tifico Fiber Indonesia Tbk (IDX: TFCO) posted the deepest price decline after closing down 17.46 percent to Rp520 a piece on Thursday. Following by PT Trikomsel Oke Tbk (IDX: TRIO) shares was ended down 13.89 percent at Rp93 each.

PT Indika Energy Tbk (IDX: INDY)

The energy producer distributed dividends of $60 million or 74.9 percent of 2018 profit of $80.1 million. The dividend distribution, consisting of an interim dividend of $20 million, has been paid in December 2018. Whereas the final dividend of $40 million will be distributed on May 29.

PT Bank Central Asia Tbk (IDX: BBCA)

The largest private bank in Indonesia recorded a net profit of up to Rp6.1 trillion (US$70.42 million), or up 10.1 percent in the first quarter of 2019 compared to the same period in 2018 which amounted to Rp5.5 trillion. Earnings were driven by net interest income and other operating income which grew 13.7 percent to Rp16.7 trillion.

PT Bukit Asam Tbk (IDX: PTBA)

The state-owned coal producer shareholders agreed to distribute dividends of Rp3.76 trillion. This amount is equivalent to 75 percent of the total 2018 net profit worth Rp5.02 trillion. The decision to distribute the dividend was a form of the company’ contribution after entering the Mining Holding.

PT Sido Muncul Tbk (IDX: SIDO)

Pharmaceutical issuers and traditional herbal producers have made a satisfying first quarter performance this year. In the first three months of this year, the company’ sales grew 14.95 percent on an annual basis to Rp713.68 billion from the same period the previous year of Rp620.85 billion.

PT Astra International Tbk (IDX: ASII)

Astra International’ shareholders approved the distribution of dividends with total amount of Rp8.67 trillion or 40 percent of the company’ total net income recorded in 2018 of Rp21.67 trillion. The value of this dividend includes interim dividends of Rp60/share or Rp2.43 trillion paid on Oct. 31, 2018.


Private banks in Indonesia noted a decline in financial performance. In the first quarter of 2019, BTPN recorded a net profit of Rp506.6 billion, down 5.36 percent compared to the same period the year before at Rp535.28 billion. This declined due to an increased in company expenses. Non-interest operating expenses increased from Rp1.83 trillion to Rp2.94 trillion, up 60.52 percent.

Others stocks to watch according to MNC Sekuritas rate are PT Ace Hardware Indonesia Tbk (IDX: ACES), PT Bukit Asam Tbk (IDX: PTBA), PT Bank Mandiri Tbk (IDX: BMRI) and PT Bumi Serpong Damai Tbk (IDX: BSDE).

US$1: Rp14,200

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information About Indonesia