The Jakarta Composite Index (JCI) is expected to move sideways in a consolidation phase during the period of January 19–23, 2026. Several stocks, including JPFA, BBRI, and AADI, are considered attractive options. Equity Analyst at Indo Premier Sekuritas, Imam Gunadi, noted that the JCI posted a positive performance last week, rising 1.55% and closing at 9,075 on Thursday (January 15, 2026). During the same period, foreign investors recorded net purchases of Rp3.2 trillion.

He explained that the return of foreign capital inflows reflects a favorable response to Indonesia’s macroeconomic stability amid ongoing global volatility. Entering the January 19–23 trading week, market attention is expected to shift toward a series of global and domestic economic data releases and policy decisions. As a result, the JCI is projected to trade within a limited range, with support around 9,000 and resistance near 9,200.

From China, investors will closely monitor the release of fourth-quarter 2025 GDP growth, which is forecast at 4.4% year-on-year, serving as a key indicator of economic resilience amid continued monetary stimulus. Retail sales and unemployment data for December will also be closely watched to assess domestic consumption strength and labor market conditions. In addition, China’s one-year and five-year Loan Prime Rate (LPR) decisions will be in focus, although market consensus expects rates to remain unchanged.

Domestically, investors will pay close attention to Bank Indonesia’s interest rate decision, with expectations that the benchmark rate will be held at 4.75% to support currency stability amid external pressures. Meanwhile, from the United States, the release of the Core PCE Price Index, projected at 2.7% year-on-year, will be a key inflation indicator given its importance in guiding Federal Reserve policy.

Indo Premier recommends JPFA with an entry level at Rp2,700, a target price of Rp2,880, and a stop loss below Rp2,610. The stock’s positive outlook is supported by the sharp increase in the 2026 Free Nutritious Meal Program (MBG) budget to Rp335 trillion, more than five times last year’s realization of Rp51.5 trillion. As one of Indonesia’s largest integrated poultry producers, JPFA is well positioned to capture rising demand for animal protein.

The second recommendation is BBRI with a buy-on-breakout strategy, entry at Rp3,860, target at Rp4,060, and stop loss below Rp3,760. The main catalyst comes from foreign inflows, as overseas investors recorded net buying of Rp575.7 billion over the past week, signaling renewed confidence in Indonesia’s major banking sector.

The final pick is AADI, also recommended as a buy on breakout, with an entry level of Rp7,725, a target of Rp8,300, and a stop loss below Rp7,450. The recommendation is supported by strengthening coal prices approaching US$110 per ton, driven by China’s preparations to launch more than 100 new coal-fired power plants.

Disclaimer: This information is not intended as an invitation to buy or sell stocks. All investment decisions are entirely the responsibility of the reader.