Key Indices


Top Stories
Small/Mid Cap Highlights | Surya Pertiwi (SPTO IJ/NOT RATED/Rp595)
- SPTO benefits from nearly five decades of exclusive TOTO distribution, local manufacturing cost advantages, and a nine-brand portfolio spanning the mass-market to luxury segments. At Rp595/share, its 11.8% dividend yield offers potential upside from higher payouts and quarterly distributions. Revenue rose 3.6% yoy to Rp1,375b in 1H26, but gross margin declined to 27.6% amid aggressive discounting. A seasonally stronger 4Q revenue could support a stronger 2H26 performance.
Technical Analysis
Bank Negara Indonesia | BBNI IJ
- Trading Buy Range: We have a technical Buy at Rp3,400, and take profit at Rp3,650.
Telkom Indonesia | TLKM IJ
- Trading Buy Range: We have a technical Buy at Rp2,180, and take profit at Rp2,300.
Top Stories
Small/Mid Cap Highlights | Surya Pertiwi (SPTO IJ/NOT RATED/Rp595)
- SPTO benefits from nearly five decades of exclusive TOTO distribution, local manufacturing cost advantages, and a nine-brand portfolio spanning the mass-market to luxury segments. At Rp595/share, its 11.8% dividend yield offers potential upside from higher payouts and quarterly distributions. Revenue rose 3.6% yoy to Rp1,375b in 1H26, but gross margin declined to 27.6% amid aggressive discounting. A seasonally stronger 4Q revenue could support a stronger 2H26 performance.
Technical Analysis
Bank Negara Indonesia | BBNI IJ
- Trading Buy Range: We have a technical Buy at Rp3,400, and take profit at Rp3,650.
Telkom Indonesia | TLKM IJ
- Trading Buy Range: We have a technical Buy at Rp2,180, and take profit at Rp2,300.
Key Indices


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