Key Indices


Top Stories
Small/Mid Cap Highlights | Superior Prima Sukses (BLES IJ/NOT RATED/Rp202)
- BLES, Indonesia's largest Autoclaved Aerated Concrete (AAC) block manufacturer, is emerging from a low-margin phase as ASPs recover 50% yoy, lifting gross margin to 37.8% and annualised ROE to 27.7% in 1H26. With the heavy capex cycle now behind it, net gearing has nearly halved to 0.25x. Backed by tycoon Hermanto Tanoko's building-materials expertise, BLES is positioned to capture AAC's long growth runway beyond Java, priced at a discount of around 6.2x 1H26 annualised PE.
Technical Analysis
Solusi Sinergi Digital | WIFI IJ
- Trading Buy Range: We have a technical Buy at Rp2,100, and take profit at Rp2,250.
Harum Energy | HRUM IJ
- Trading Buy Range: We have a technical Buy at Rp880, and take profit at Rp950.
Top Stories
Small/Mid Cap Highlights | Superior Prima Sukses (BLES IJ/NOT RATED/Rp202)
- BLES, Indonesia's largest Autoclaved Aerated Concrete (AAC) block manufacturer, is emerging from a low-margin phase as ASPs recover 50% yoy, lifting gross margin to 37.8% and annualised ROE to 27.7% in 1H26. With the heavy capex cycle now behind it, net gearing has nearly halved to 0.25x. Backed by tycoon Hermanto Tanoko's building-materials expertise, BLES is positioned to capture AAC's long growth runway beyond Java, priced at a discount of around 6.2x 1H26 annualised PE.
Technical Analysis
Solusi Sinergi Digital | WIFI IJ
- Trading Buy Range: We have a technical Buy at Rp2,100, and take profit at Rp2,250.
Harum Energy | HRUM IJ
- Trading Buy Range: We have a technical Buy at Rp880, and take profit at Rp950.
Key Indices


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