JAKARTA – UOB Kay Hian Sekuritas has prominently featured PT Bank Central Asia Tbk. (BBCA) as one of its top stock selections for the investment period extending to September 2025. This strategic recommendation is part of a comprehensive list of preferred equities released by the investment firm, pinpointing companies with strong potential within the Indonesian market.
The banking powerhouse, a key entity within the influential Djarum Group, earned its esteemed position on UOB Kay Hian’s list due to its consistently robust performance. Analysts underscored that BBCA demonstrated exceptional resilience among the four largest banks, reporting an impressive 10.5% year-on-year (YoY) net profit growth in the first seven months of the year. This achievement stands in stark contrast to other major banks, which experienced negative growth during the same period. Alongside BBCA, other companies making the cut for September 2025 include Sarana Armada Tbk. (ASSA), PT Archi Indonesia Tbk. (ARCI), PT Bank Negara Indonesia Tbk. (BBNI), PT Bumi Resources Minerals Tbk. (BRMS), PT Dayamitra Telekomunikasi Tbk. (MTEL), PT Harum Energy Tbk. (HRUM), and PT Trimegah Bangun Persada Tbk. (NCKL).
However, this optimistic analyst outlook for BBCA unfolds against a challenging backdrop in the broader Indonesian stock market. Early September 2025 witnessed a significant outflow of foreign capital, creating headwinds for the market. Notably, BBCA shares were among the most heavily divested by foreign investors, recording an alarming net sell of Rp4.29 trillion within a single week.
Data from the Indonesia Stock Exchange (IDX) further corroborates this trend of foreign withdrawal. On Thursday, September 4, 2025, the market closed with a foreign net sell amounting to Rp305.18 billion. Over the course of the week, the cumulative foreign net sell escalated to Rp5.3 trillion. This figure becomes even more substantial when considering the year-to-date (YTD) performance, with foreign net sell reaching a staggering Rp55.12 trillion since the first trading day of 2025, indicating a persistent and significant divestment from the market.
As the stock most frequently sold by foreign investors, BBCA registered a foreign net sell of Rp4.29 trillion in the latest week of trading. This brings the cumulative foreign net sell for BBCA to Rp23.3 trillion, underscoring sustained selling pressure on the prominent banking institution. Concurrently, BBCA’s share price closed at Rp8,000 on the IDX floor at the end of trading on Thursday, September 4, 2025. This closing price reflects a notable 19.19% correction in its year-to-date performance for 2025.
: : Forecast for BBCA, BMRI, and Other Bank Stocks Amidst the September Effect Phenomenon
: : Hit by Protest Effects, Potential Gains for BBCA Stock from Bottom-Picking Opportunities
Disclaimer: This news article is not intended to solicit the buying or selling of shares. Investment decisions rest solely with the reader. Bisnis.com is not responsible for any losses or gains arising from readers’ investment decisions.
Summary
UOB Kay Hian Sekuritas has selected PT Bank Central Asia Tbk. (BBCA) as a top stock pick for the period up to September 2025, citing its strong performance. BBCA showed resilience with a 10.5% year-on-year net profit growth in the first seven months of the year, outperforming other major banks.
Despite the positive outlook, BBCA faced significant foreign capital outflow in early September 2025. BBCA shares experienced a substantial net sell of Rp4.29 trillion in a single week, contributing to a year-to-date foreign net sell of Rp55.12 trillion across the Indonesian stock market, and BBCA’s share price closed at Rp8,000 on September 4, 2025, reflecting a 19.19% year-to-date correction.