JAKARTA – The IDXTRANS sectoral index, tracking transportation and logistics stocks on the Indonesia Stock Exchange (IDX), has significantly outperformed this year, fueled by several key factors driving growth in the sector.
Data from the IDX shows that IDXTRANS closed up 0.46% in Friday’s (October 24, 2025) trading session, reaching a level of 1,898.07. Demonstrating robust performance, the index has soared 39.01% year-to-date (YTD) since the beginning of 2025.
Several constituents within the IDXTRANS index have seen impressive share price gains this year. PT Garuda Indonesia Tbk (GIAA) has experienced a remarkable 105.45% YTD increase, reaching Rp113 per share. PT Samudera Indonesia Tbk (SMDR) shares have also climbed, rising 17.91% YTD to Rp316 per share.
Furthermore, PT Trimitra Trans Persada Tbk (BLOG) has seen its share price double (up 100%) since its IPO in July 2025, reaching Rp500 per share. PT Blue Bird Tbk (BIRD) is also up, with shares increasing by 12.11% to Rp1,805 per share, while PT Adi Sarana Armada Tbk (ASSA) has risen 58.7% to Rp1,095 per share.
Nafan Aji Gusta, Senior Market Chartist at Mirae Asset Sekuritas, attributes the strong performance of transportation and logistics stocks to sustained economic stability. He noted the increased stability in supply chains and overall mobility as key drivers.
“These conditions have led to improved earnings performance this year. Looking ahead, we also anticipate support from the year-end holiday season,” Nafan told Bisnis on Thursday, October 23, 2025.
Indeed, several transportation and logistics companies have reported strong financial results this year. For example, ASSA reported a net profit attributable to the owners of the parent entity of Rp348.59 billion for Q3 2025, a substantial 63.91% year-on-year (YoY) increase compared to the Rp212.67 billion reported in the same period last year.
Other transportation and logistics companies have yet to report their Q3 2025 financial performance. However, BIRD reported net profit growth of 27.54% YoY to Rp335.44 billion for the first half of 2025, compared to Rp263.01 billion in the first half of 2024.
Similarly, SMDR recorded a net profit attributable to the owners of the parent entity of US$29.3 million in the first half of 2025, a 30% YoY increase compared to the US$22.5 million reported in the first half of 2024.
BLOG also saw significant profit growth, with net profit rising 36.57% YoY to Rp71.08 billion in the first half of 2025, compared to Rp52.04 billion in the first half of 2024.
Liza Camelia Suryanata, Head of Research at Kiwoom Sekuritas, suggests that the gains in IDXTRANS could signal a recovery for the transportation and logistics sector, which has lagged behind other sectors for some time.
“This increase is driven by expectations of recovering mobility, long holiday sentiment, and falling oil prices, which ease the operational burden on issuers like GIAA and BIRD,” Liza told Bisnis previously.
Shares like SMDR have also benefited from expectations of stable export-import volumes and cargo rates. Liza believes that the potential for further gains in IDXTRANS remains open, but will depend on the strength of Q2 2025 performance data and consistent recovery sentiment.
However, the IDXTRANS sector faces several challenges, including debt structures, particularly at GIAA. Other challenges include sensitivity to energy prices, intense competition in the logistics sector, and potential merger and acquisition activity.
Summary
The IDXTRANS sectoral index, tracking transportation and logistics stocks on the Indonesia Stock Exchange, has surged 39.01% year-to-date. This strong performance is attributed to increased economic stability, improved supply chains, and overall mobility. Several companies within the index, including Garuda Indonesia (GIAA), Samudera Indonesia (SMDR), and Trimitra Trans Persada (BLOG), have experienced significant share price gains.
Analysts suggest the IDXTRANS gains signal a recovery for the sector, driven by expectations of recovering mobility, holiday sentiment, and falling oil prices. Strong financial results reported by companies like Adi Sarana Armada (ASSA), Blue Bird (BIRD), and Samudera Indonesia (SMDR) further support this trend. However, challenges remain, including debt structures, energy price sensitivity, and intense competition.