Flooring Guide by Cinvex – , JAKARTA — Shares linked to prominent Indonesian conglomerates, including Prajogo Pangestu and Sugianto Kusumo (Aguan), experienced a notable surge this week. This significant appreciation in stock prices followed a series of strategic meetings between these influential tycoons and President Prabowo Subianto.
According to data from the Indonesia Stock Exchange (BEI), a diverse portfolio of shares owned by at least five major conglomerates recorded substantial gains during the trading week of February 9-13, 2026. Among these, Prajogo Pangestu’s ventures particularly shone, attracting significant investor interest.
Specifically, shares of PT Barito Pacific Tbk. (BRPT) climbed by 10.54% within the week. Other companies under Prajogo’s umbrella also posted strong performances: PT Chandra Daya Investasi Tbk. (CDIA) rose by 12.68%, PT Petrosea Tbk. (PTRO) surged by an impressive 30.13%, and PT Petrindo Jaya Kreasi Tbk. (CUAN) advanced by 11.04% in the same period, highlighting the robust sentiment surrounding his businesses.
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Following suit, the shares associated with tycoon Aguan also sparkled with strong performance. PT Pantai Indah Kapuk Dua Tbk. (PANI) saw its share price jump by 21.01%, PT Bangun Kosambi Sukses Tbk. (CBDK) increased by 6.72%, and PT Jakarta International Hotels & Development Tbk. (JIHD) recorded an exceptional rise of 40.95% over the week, indicating investor confidence in his property and hospitality ventures.
Furthermore, Anthony Salim’s corporate interests also registered positive movements. Shares of PT Indofood CBP Sukses Makmur Tbk. (ICBP) saw a modest but steady increase of 1.55%, PT Amman Mineral Internasional Tbk. (AMMN) rose by 4.14%, PT PP London Sumatra Indonesia Tbk. (LSIP) gained 0.87%, and PT DCI Indonesia Tbk. (DCII) appreciated by 2.91% during the week, showcasing broad-based gains across his diverse holdings.
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The shares linked to tycoon Franky Widjaja also experienced an upward trajectory. PT Dian Swastika Sentosa Tbk. (DSSA) climbed by 10.48%, PT Indah Kiat Pulp & Paper Tbk. (INKP) advanced by 10.30%, and PT Tjiwi Kimia Tbk. (TKIM) posted a 3.56% increase, reflecting a positive outlook for the Sinar Mas Group’s various sectors.
Additionally, the investment vehicles of tycoon Boy Thohir also showed significant gains. PT Alamtri Resources Indonesia Tbk. (ADRO) saw its share price rise by 6.73%, PT Alamtri Minerals Indonesia Tbk. (ADMR) increased by 7.18%, and PT Adaro Andalan Indonesia Tbk. (AADI) advanced by 8.14%, underscoring a favorable market response to the Adaro Energy group’s operations.
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This widespread appreciation in the shares of these five prominent tycoons occurred concurrently with their high-profile meetings with President Prabowo Subianto. Throughout the week, President Prabowo engaged in crucial dialogues with a number of influential business leaders, setting a positive tone for the market.
On Tuesday, February 10, 2026, Prabowo convened with five of the nation’s most powerful conglomerates: Prajogo Pangestu (representing Barito Pacific Group), Anthony Salim (Salim Group), Franky Widjaja (Sinar Mas Group), Boy Thohir (Adaro Energy), and Sugianto Kusuma (Agung Sedayu Group). These discussions are believed to have played a role in boosting investor confidence.
A day prior, on Monday, February 9, 2026, Prabowo also held an extensive audience with 22 entrepreneurs from the Indonesian Employers’ Association (Apindo) in Hambalang, Bogor. The meeting saw the attendance of key Apindo figures, including Sofjan Wanandi, Sudhamek, Suryadi Sasmita, Haryanto Adikoesoemo, Mucki Tan, Harijanto, Johny Darmawan, Shinta W. Kamdani, Sanny Iskandar, Eddy Hussy, Soegianto Nagaria, Lindrawati Widjojo, and Hendra Widjaja, highlighting a broad engagement with the business community.
During an economic discourse titled “Indonesia Economic Outlook 2026” at Wisma Danantara on Friday, February 14, 2026, President Prabowo revealed that he had gathered these entrepreneurs and urged them to strictly adhere to regulations. “I gathered businessmen, most of whom are my friends, and I told them: ‘You are already successful, already wealthy; now, obey the regulations. You are intelligent, but in Indonesia, that intelligence often gets used to find ways around regulations’,” Prabowo stated, emphasizing his administration’s commitment to good governance.
Coordinating Minister for Economic Affairs, Airlangga Hartarto, further elaborated on the President’s meetings with the business community. He explained that President Prabowo specifically requested real-sector business actors to intensify their efforts in job creation. Additionally, the entrepreneurs took the opportunity to air their concerns and grievances during these high-level discussions.
“Certainly, as usual, they had reported beforehand their deep concerns regarding imported goods, which they fear could disrupt the smooth operation and production of national industries,” Airlangga commented at the Presidential Palace Complex on Wednesday, February 11, 2026, acknowledging the challenges faced by domestic manufacturers.
Airlangga further assured that the government is actively addressing these issues, having already implemented several measures, including various safeguard policies, to protect national industries from unfair competition.