This Week's IHSG: Capturing Rebound Opportunities Amid Foreign Selling Pressure

Stock Recommendations for This Week

Among interesting stocks to watch, PT Vale Indonesia Tbk (INCO) is a speculative buy with a target price of 5,200. The nickel commodity outlook and expectations for downstream development act as catalysts maintaining investor interest in this stock.

However, since commodity-based stocks remain highly sensitive to commodity price movements and global sentiment, a disciplined risk strategy is advised for INCO.

PT Mitra Adiperkasa Tbk (MAPI) is also worth attention with a trading buy recommendation and a target price of 1,650.

MAPI’s exposure to retail and consumption businesses can serve as a catalyst if domestic sentiment and expectations over community purchasing power improve.

Meanwhile, PT Merdeka Battery Materials Tbk (MBMA) is recommended as a trading buy with a target price of 580, especially if momentum returns to commodity-based stocks.

PT Mitratel Tbk (MTEL) is also attractive for consideration with a trading buy and target price of 550. The relatively defensive nature of the telecommunications tower business can provide balance as the market faces pressure from global macro factors.

“Overall, I see next week not as a momentum to aggressively chase IHSG gains but rather a phase for selective buying,” Hendra said.

The index’s key movement lies in maintaining the 6,350–6,400 area and regaining a position above 6,500.

When foreign selling pressure eases, the rupiah stabilizes, oil prices continue to fall, and global sentiment improves, the chance for IHSG to rebound toward 6,600 will widen.

However, as long as foreign net selling remains substantial and global interest rate uncertainty and geopolitical risks stay high, the better strategy is to focus on stocks with strong catalysts and use corrections as accumulation opportunities.

“Not chasing prices when the market is rallying,” he concluded.

Disclaimer: This article is not an invitation to buy or sell stocks. All recommendations and stock analyses originate from the respective securities analysts, and Kompas.com is not responsible for any profits or losses incurred. Investment decisions are solely the responsibility of investors. Please ensure thorough research before making investment decisions.