Bernadus Wijaya, CEO of Sucor Sekuritas, forecasts the IHSG at 5,500 to 6,000 index points by the end of 2026. He gave the view in an interview on CNBC Indonesia’s Power Lunch programme, which aired on Thursday 12 November 2026.
Valuation and fundamentals
Wijaya said Indonesian stock market valuation is already very cheap. He argued that the market has strong fundamentals and potential to keep growing. On that basis, he said, the market can be an option for investors, with banking and commodity stocks singled out as candidates.
The interview also covered the rupiah outlook to year-end. The record gives no figure for that forecast.
Global and political backdrop
The discussion touched on several factors shaping sentiment, including the Fed, the Middle East war, MSCI and the resignation of Vice President Gibran Rakabuming Raka. Wijaya’s remarks on these were not separately quantified in the coverage.
Related: Analyst sees IHSG volatility likely ahead of MSCI review · Panin sees Jakarta index at 5,000-5,500 by end-2026
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Source: Sucor Sekuritas
