Danantara Buys Up Stocks in the Capital Market, Particularly SOE Stocks

Jakarta: The Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia) stated that it had begun purchasing shares in the Indonesian capital market over the past two days, particularly shares of state-owned enterprises (SOEs), as their current valuations are considered attractive and offer promising growth prospects.

Danantara’s Chief Investment Officer (CIO), Pandu Patria Sjahrir, stated that the decision to purchase the shares was based on the companies’ fundamentals and the potential returns, which are considered more intresting than the investment risks.

“As for yesterday, today we began purchasing availabe shares which we think is an effective way, and will always do, as long as the price is remain intresting and have a good prospects,” Pandu said during Coffee morning session ag Wisma Danantara, Jakarta, cited from Antara Kamis 22 Oktober 2026.

According to Pandu, shares of state-owned enterprises (SOEs) have strong fundamentals and good growth prospects, while their current valuations are attractive, presenting investment opportunities for Danantara.

He added that Danantara would continue to increase its shareholdings as long as available investment opportunities offered an attractive balance between risk and return.

Otherwise, he ensured that Danantara’s investment strategy remained profit-oriented, with company fundamentals serving as the basis for its decision-making.

“We are always profit-oriented. We currently see from the risk reward perspective is intresting. We have also started investing in the capital market, and obviously our investments will continue to increases,” Pandu said.

On the occasion, Pandu also addressed issues concerning global index provider MSCI, which has drawn the attention of market participants.

According to him, the issues unfolding in Kuala Lumpur, Malaysia, differ from the conditions of companies listed on the Indonesian capital market.

Assessing Company Fundamentals

He emphasized the importance of assessing each company based on its own fundamentals, particularly state-owned enterprises (SOEs), which are considered to offer promising investment prospects.

Pandu affirmed that Danantara would continue to focus on the fundamentals of Indonesian companies when making investment decisions while capitalizing on opportunities arising from current market conditions.

He considered the current capital market to offer attractive investment opportunities, particularly in SOE stocks with growth potential and competitive valuations.

No Direct Stock Picking

In its capital market investment strategy, Managing Director of Investment at PT Danantara Investment Management (DIM), Stefanus Ade Hadiwidjaja, explained that Danantara does not engage in direct stock picking. Instead, it partners with professional investment managers in both domestic and global markets.

Before engaging into partnerships, Danantara conducts due diligence on prospective partners, including assessing their experience, investment track records, exposure, and investment processes.

Stefanus said Danantara had allocated a substantial amount of funds to the domestic market and was prepared to deploy a similar amount of investment funds to its previous allocation. However, he declined to disclose the value of the investment.

Moreover, Danantara also applies this partnership approach with professional investment managers in public market investments, as well as indirect investments in private equity and private credit.

(Yaumil Tianri Rahmi)