Key Indices


Top Stories
Small/Mid Cap Highlights | Total Bangung Persada (DC IJ/NOT RATED/Rp1,470)
- TOTL is a private sector building contractor with a 55-year track record and data centre construction exposure. 1H26 new contracts reached Rp2.8t, 70% of the Rp4.0t 2026 target, with a Rp17.17t tender pipeline led by data centres at 34%. The current backlog of Rp6.6t supports the Rp3.8t revenue guidance for 2026. A low capex of Rp25b sustains a high payout ratio. TOTL is trading at an undemanding 10.7x 2026F PE while delivering a robust 32% ROE.
Technical Analysis
Alamtri Minerals Indonesia | ADMR IJ
- Trading Buy Range: We have a technical Buy at Rp1,670, and take profit at Rp1,780.
Sinergi Inti Andalan Prima | INET IJ
- Trading Buy Range: We have a technical Buy at Rp232, and take profit at Rp252.
Top Stories
Small/Mid Cap Highlights | Total Bangung Persada (DC IJ/NOT RATED/Rp1,470)
- TOTL is a private sector building contractor with a 55-year track record and data centre construction exposure. 1H26 new contracts reached Rp2.8t, 70% of the Rp4.0t 2026 target, with a Rp17.17t tender pipeline led by data centres at 34%. The current backlog of Rp6.6t supports the Rp3.8t revenue guidance for 2026. A low capex of Rp25b sustains a high payout ratio. TOTL is trading at an undemanding 10.7x 2026F PE while delivering a robust 32% ROE.
Technical Analysis
Alamtri Minerals Indonesia | ADMR IJ
- Trading Buy Range: We have a technical Buy at Rp1,670, and take profit at Rp1,780.
Sinergi Inti Andalan Prima | INET IJ
- Trading Buy Range: We have a technical Buy at Rp232, and take profit at Rp252.
Key Indices


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