Key Indices


Top Stories
Asian Gems Corporate Highlights | GoTo Gojek Tokopedia (GOTO IJ/BUY/Rp50/Target: Rp60)
- Today marks the IDX’s implementation of a lower price floor, from Rp50/share to Rp1/share. Note that the last average negotiated price was Rp28/share, near the day-4 level if the stock trades limit-down. On the bright side, GOTO has announced a treasury share cancellation (32b shares; 2.7% of total shares), in addition to its Rp3.5t buyback plan. The company had ample cash of Rp23.4t as of end-2Q26, implying about Rp20/share. Maintain BUY but lower our target price to Rp60 (from Rp78).
Technical Analysis
Super Bank Indonesia | SUPA IJ
- Trading Buy Range: We have a technical Buy at Rp500, and take profit at Rp545.
Telkom Indonesia | TLKM IJ
- Trading Buy Range: We have a technical Buy at Rp2,400, and take profit at Rp2,550.
Top Stories
Asian Gems Corporate Highlights | GoTo Gojek Tokopedia (GOTO IJ/BUY/Rp50/Target: Rp60)
- Today marks the IDX’s implementation of a lower price floor, from Rp50/share to Rp1/share. Note that the last average negotiated price was Rp28/share, near the day-4 level if the stock trades limit-down. On the bright side, GOTO has announced a treasury share cancellation (32b shares; 2.7% of total shares), in addition to its Rp3.5t buyback plan. The company had ample cash of Rp23.4t as of end-2Q26, implying about Rp20/share. Maintain BUY but lower our target price to Rp60 (from Rp78).
Technical Analysis
Super Bank Indonesia | SUPA IJ
- Trading Buy Range: We have a technical Buy at Rp500, and take profit at Rp545.
Telkom Indonesia | TLKM IJ
- Trading Buy Range: We have a technical Buy at Rp2,400, and take profit at Rp2,550.
Key Indices


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