Bisnis.com, JAKARTA — Publicly-listed banks favored by analysts delivered solid performance in January 2026. However, the sector’s growth outlook is clouded by geopolitical risks as tensions between the United States and Iran continue to escalate.

RHB Sekuritas Indonesia noted that several lenders under its coverage posted positive results in January 2026, supported by stronger margins, robust loan growth, and easing cost of credit (CoC).

Bisnis.com, JAKARTA — JP MorganChase reaffirmed its underweight call on PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), despite the state lender delivering fourth-quarter earnings that surpassed expectations.

The Wall Street bank’s cautious stance diverges from several domestic brokerages that continue to rate BBRI a buy, betting on sustained net profit growth into 2026.

Bisnis.com, JAKARTA – The bullion bank business is poised to become one of key growth catalysts for PT Bank Syariah Indonesia Tbk. (BRIS), or BSI, in 2026, underpinned by surging gold demand throughout 2025.

According to research by Sinarmas Sekuritas, BRIS has begun to reap tangible benefits from the bullion banking permit it secured in February 2025.

Bisnis.com, JAKARTA — Conglomerate Prajogo Pangestu reportedly increased his stakes in PT Barito Renewables Energy Tbk. (BREN), snapping up a total of 2.33 million stocks during the ongoing month of January 2026.

Referring to the Monthly Securities Holders Registration Report as of Dec. 31, 2025, Prajogo was previously recorded as holding 138.45 million BREN shares, representing a 0.103% stake at the end of last year.

Bisnis.com, JAKARTA — Shares of PT Royalindo Investa Wijaya Tbk. (INDO) have captured investors’ attention after posting gains of more than 200%. At a closing price of IDR 370 per share on Tuesday (12/16/2025), INDO stock has rallied 218.97% year to date (YtD).

One key factor believed to be influencing the sharp rise in INDO’s share price is the company’s strategic transformation into a holding company. This shift has been reinforced by Royalindo’s robust financial performance in the third quarter of 2025.

Bisnis.com, JAKARTA — PT Bank Jago Tbk. (ARTO) is anticipated to enter a margin recovery phase as its cost of funds continues to ease, driven by the downward trend in benchmark interest rates and stronger banking sector liquidity.

The digital lender, founded by Jerry Ng, maintained solid performance throughout January–September 2025, with a steady rise in net profit. Its net interest margin (NIM), however, was slightly under pressure due to higher funding costs.

Bisnis.com, JAKARTA — Shares of PT Unilever Indonesia Tbk. (UNVR) rallied after the release of its Q3/2025 financial results last week, prompting questions about its outlook heading into 2026.

On the Indonesia Stock Exchange (IDX) on Monday (27/10/2025) at 1:56 p.m. WIB, UNVR shares jumped 10.28% to IDR 2,790 apiece, marking a 46.95% gain YtD.

Bisnis.com, JAKARTA — State bank PT Bank Tabungan Negara (BBTN) is projected to continue posting growth in net profit in Q4 2025, with analysts citing year-end tailwinds and declining cost of funds (CoF) seen since the third quarter.

BBTN has booked a nine-month net profit of IDR 2.3 trillion as of Q3, growing 10.6% year-on-year (YoY) from IDR 2.08 trillion in the same period last year.

Bisnis.com, JAKARTA — The release of PT Bank Central Asia Tbk.’s (BBCA) financial results for the first nine months of 2025, which showed steady performance, has renewed investor optimism toward the lender’s shares. BBCA’s stock price once again climbed into positive territory following the announcement.

After facing heavy pressure in the second half of the year, BBCA shares hit their lowest level of 2025 at IDR 7,250 on Tuesday (14/10/2025). However, the stock rebounded sharply, jumping 5 percent on Monday (20/10/2025) to close at IDR 7,875.

Bisnis.com, JAKARTA — Several securities firms have recently issued upbeat recommendations for cigarette producer PT HM Sampoerna Tbk. (HMSP).

The Finance Ministry’s decision not to raise tobacco excise tax (CHT) in 2026, along with tighter enforcement against illegal cigarette distribution, has been viewed as a positive driver for the company.

Bisnis.com, JAKARTA — A big investor was spotted increasing its stake in PT Bank Central Asia Tbk. (BBCA) in October 2025, even as the stock continued to slide.

BBCA shares have remained in the red over the past month, correcting around 8.72 percent as of Monday (13/10/2025). Amid the decline, The Vanguard Group Inc. was seen buying again.