Jakarta, CNBC Indonesia – President Prabowo Subianto‘s meeting with five national entrepreneurs in Hambalang, Bogor, on Tuesday (10/2/2026) provided its own sentiment for the capital market.
The discussion, which focused on collaboration between the government and the private sector in the “Indonesia Incorporated” scheme, also influenced the movement of shares of the relevant issuers in trading on Wednesday (11/2/2026).
The five entrepreneurs present were Prajogo Pangestu, Sugianto Kusuma (Aguan), Franky O. Widjaja, Garibaldi Thohir, and Anthony Salim. Meanwhile, other large business groups such as the Bakrie Group and Lippo were not present at the meeting, However, share movements still attract market attention.
The following is a breakdown of stock performance by conglomerate group:
Prajogo Pangestu Group (Present)
Issuers under the auspices of Prajogo Pangestu recorded solid and even strengthening.
Agung Sedayu / Aguan Group (Present)
The property sector responded positively to the issue of accelerating public housing development, which was one of the topics of discussion. Property issuer owned by Sugianto Kusuma is moving compactly in the green zone.
Thohir Group (Present)
Thohir Group share movements tend to be stable with a strengthening trend in the strategic mineral sector (nickel and gold), while the fossil energy sector and other investments tend to stagnate.
Sinarmas Group (Present)
The Sinarmas Group portfolio varies (mixed). The energy and infrastructure sectors recorded positive performance, while the industrial property and telecommunications sectors experienced mild pressure.
Salim Group (Present)
The Salim Group shows performance divergence. Mining issuers (including those in partnership with Bakrie) experienced strengthening, but consumer and retail sector issuers actually experienced a correction.
Bakrie Group (Not Present)
Even though they were not recorded as attending the Hambalang meeting, Bakrie Group shares recorded significant price appreciation in almost all business lines, from logistics, media, to plantations.
Lippo Group (Not Present)
The Lippo Group recorded specific strengthening in property issuers, in line with national housing sector sentiment. However, the retail and health sectors are still in the red zone.
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Disclaimer: This article is a journalistic product in the form of CNBC Indonesia Research’s views. This analysis does not aim to encourage readers to buy, hold, or sell related investment products or sectors. The decision is entirely up to the reader, so we are not responsible for any losses or profits arising from this decision.
CNBC INDONESIA RESEARCH
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date:2026-02-11 04:26:00
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