January 4, 2024
Snapshot Top 10: Jakarta Composite Index IDX Composite



The Top 10 performing stocks in the Jakarta Composite Index IDX Composite are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Jakarta Composite Index IDX Composite as of January 4, 2024.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Gudang Garam (XL, ID)  Tobacco
1. Gudang Garam (XL, ID)   Tobacco 100 99 100 97
2. ITM (L, ID)  Coal & Consumable Fuels
2. ITM (L, ID)   Coal & Consumable Fuels 97 70 67 44
3. United Tractors (XL, ID)  Coal & Consumable Fuels
3. United Tractors (XL, ID)   Coal & Consumable Fuels 92 74 71 79
4. PP (Persero) (L, ID)  Construction & Engineering
4. PP (Persero) (L, ID)   Construction & Engineering 90 97 63 44
5. Astra International (XXL, ID)  Automobile Manufacturers
5. Astra International (XXL, ID)   Automobile Manufacturers 88 81 64 65
6. Japfa Comfeed (XL, ID)  Packaged Foods & Meats
6. Japfa Comfeed (XL, ID)   Packaged Foods & Meats 80 88 52 84
7. Anthem (XXL, US)  Health Care Managed
7. Anthem (XXL, US)   Health Care Managed 78 80 96 88
8. Telekomunikasi Indonesia (XL, ID)  Integrated Telecommunication
8. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 77 42 69 86
9. Bank Rakyat Indonesia (XL, ID)  Diversified Banks
9. Bank Rakyat Indonesia (XL, ID)   Diversified Banks 76 33 17 41
10. Kalbe Farma (L, ID)  Pharmaceuticals
10. Kalbe Farma (L, ID)   Pharmaceuticals 74 69 61 65

☀ This company has a special achievement which is documented on its stock research page.

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Obermatt 360° Investment Strategy

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Indofood Sukses (XL, ID)   Packaged Foods & Meats
1. Indofood Sukses (XL, ID)   Packaged Foods & Meats 98 94 98 88
2. Bank Negara Indonesia (L, ID)   Diversified Banks
2. Bank Negara Indonesia (L, ID)   Diversified Banks 97 47 87 95
3. Gudang Garam (XL, ID)   Tobacco
3. Gudang Garam (XL, ID)   Tobacco 97 99 100 41
4. AKR Corporindo (L, ID)   Oil & Gas Transportation
4. AKR Corporindo (L, ID)   Oil & Gas Transportation 96 27 82 100
5. Bank Mandiri (XL, ID)   Diversified Banks
5. Bank Mandiri (XL, ID)   Diversified Banks 91 41 87 81
6. Anthem (XXL, US)   Health Care Managed
6. Anthem (XXL, US)   Health Care Managed 88 80 96 90
7. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication
7. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 86 42 69 94
8. Japfa Comfeed (XL, ID)   Packaged Foods & Meats
8. Japfa Comfeed (XL, ID)   Packaged Foods & Meats 84 88 52 98
9. BCA (XL, ID)   Diversified Banks
9. BCA (XL, ID)   Diversified Banks 83 7 51 99
10. United Tractors (XL, ID)   Coal & Consumable Fuels
10. United Tractors (XL, ID)   Coal & Consumable Fuels 79 74 71 72

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. AKR Corporindo (L, ID)   Oil & Gas Transportation
1. AKR Corporindo (L, ID)   Oil & Gas Transportation 100 27 82 96
2. Jasa Marga (L, ID)   Highways & Railtracks
2. Jasa Marga (L, ID)   Highways & Railtracks 100 49 47 74
3. BCA (XL, ID)   Diversified Banks
3. BCA (XL, ID)   Diversified Banks 99 7 51 83
4. Japfa Comfeed (XL, ID)   Packaged Foods & Meats
4. Japfa Comfeed (XL, ID)   Packaged Foods & Meats 98 88 52 84
5. Bank Negara Indonesia (L, ID)   Diversified Banks
5. Bank Negara Indonesia (L, ID)   Diversified Banks 95 47 87 97
6. Charoen Pokphand (XL, ID)   Agricultural Products
6. Charoen Pokphand (XL, ID)   Agricultural Products 95 31 39 77
7. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication
7. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 94 42 69 86
8. Semen Indonesia (L, ID)   Construction Materials
8. Semen Indonesia (L, ID)   Construction Materials 92 52 39 61
9. Anthem (XXL, US)   Health Care Managed
9. Anthem (XXL, US)   Health Care Managed 90 80 96 88
10. Indofood Sukses (XL, ID)   Packaged Foods & Meats
10. Indofood Sukses (XL, ID)   Packaged Foods & Meats 88 94 98 98

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Gudang Garam (XL, ID)   Tobacco
1. Gudang Garam (XL, ID)   Tobacco 99 77 100 97
2. PP (Persero) (L, ID)   Construction & Engineering
2. PP (Persero) (L, ID)   Construction & Engineering 97 33 63 44
3. Indofood Sukses (XL, ID)   Packaged Foods & Meats
3. Indofood Sukses (XL, ID)   Packaged Foods & Meats 94 77 98 98
4. Japfa Comfeed (XL, ID)   Packaged Foods & Meats
4. Japfa Comfeed (XL, ID)   Packaged Foods & Meats 88 23 52 84
5. Bank Tabungan Negara (M, ID)   Regional Banks
5. Bank Tabungan Negara (M, ID)   Regional Banks 83 53 93 73
6. Astra International (XXL, ID)   Automobile Manufacturers
6. Astra International (XXL, ID)   Automobile Manufacturers 81 1 64 65
7. Anthem (XXL, US)   Health Care Managed
7. Anthem (XXL, US)   Health Care Managed 80 25 96 88
8. United Tractors (XL, ID)   Coal & Consumable Fuels
8. United Tractors (XL, ID)   Coal & Consumable Fuels 74 45 71 79
9. ITM (L, ID)   Coal & Consumable Fuels
9. ITM (L, ID)   Coal & Consumable Fuels 70 19 67 44
10. Kalbe Farma (L, ID)   Pharmaceuticals
10. Kalbe Farma (L, ID)   Pharmaceuticals 69 17 61 65

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Bank Mandiri (XL, ID)   Diversified Banks
1. Bank Mandiri (XL, ID)   Diversified Banks 83 41 87 91
2. Gudang Garam (XL, ID)   Tobacco
2. Gudang Garam (XL, ID)   Tobacco 77 99 100 97
3. Indofood Sukses (XL, ID)   Packaged Foods & Meats
3. Indofood Sukses (XL, ID)   Packaged Foods & Meats 77 94 98 98
4. AKR Corporindo (L, ID)   Oil & Gas Transportation
4. AKR Corporindo (L, ID)   Oil & Gas Transportation 75 27 82 96
5. Jasa Marga (L, ID)   Highways & Railtracks
5. Jasa Marga (L, ID)   Highways & Railtracks 75 49 47 74
6. Charoen Pokphand (XL, ID)   Agricultural Products
6. Charoen Pokphand (XL, ID)   Agricultural Products 61 31 39 77
7. Xl Axiata (L, ID)   Wireless Telecommunication
7. Xl Axiata (L, ID)   Wireless Telecommunication 61 58 32 40
8. BCA (XL, ID)   Diversified Banks
8. BCA (XL, ID)   Diversified Banks 55 7 51 83
9. Bank Tabungan Negara (M, ID)   Regional Banks
9. Bank Tabungan Negara (M, ID)   Regional Banks 53 83 93 73
10. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication
10. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 49 42 69 86

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Gudang Garam (XL, ID)  Tobacco
1. Gudang Garam (XL, ID)   Tobacco 99 99 100 97
2. Bank Negara Indonesia (L, ID)  Diversified Banks
2. Bank Negara Indonesia (L, ID)   Diversified Banks 97 47 87 97
3. ITM (L, ID)  Coal & Consumable Fuels
3. ITM (L, ID)   Coal & Consumable Fuels 96 70 67 44
4. AKR Corporindo (L, ID)  Oil & Gas Transportation
4. AKR Corporindo (L, ID)   Oil & Gas Transportation 94 27 82 96
5. Astra International (XXL, ID)  Automobile Manufacturers
5. Astra International (XXL, ID)   Automobile Manufacturers 92 81 64 65
6. BCA (XL, ID)  Diversified Banks
6. BCA (XL, ID)   Diversified Banks 91 7 51 83
7. Telekomunikasi Indonesia (XL, ID)  Integrated Telecommunication
7. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 90 42 69 86
8. Alpha Metallurgical Resources (XL, US)  Steel
8. Alpha Metallurgical Resources (XL, US)   Steel 90 24 45 30
9. Kalbe Farma (L, ID)  Pharmaceuticals
9. Kalbe Farma (L, ID)   Pharmaceuticals 79 69 61 65
10. Bank BTPN Syariah (S, ID)  Regional Banks
10. Bank BTPN Syariah (S, ID)   Regional Banks 77 51 35 23

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


IDX Composite Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Gudang Garam (XL, ID)  Tobacco
1. Gudang Garam (XL, ID)   Tobacco 100 99 77 97
2. Indofood Sukses (XL, ID)  Packaged Foods & Meats
2. Indofood Sukses (XL, ID)   Packaged Foods & Meats 98 94 77 98
3. Anthem (XXL, US)  Health Care Managed
3. Anthem (XXL, US)   Health Care Managed 96 80 25 88
4. Bank Tabungan Negara (M, ID)  Regional Banks
4. Bank Tabungan Negara (M, ID)   Regional Banks 93 83 53 73
5. Bank Mandiri (XL, ID)  Diversified Banks
5. Bank Mandiri (XL, ID)   Diversified Banks 87 41 83 91
6. Bank Negara Indonesia (L, ID)  Diversified Banks
6. Bank Negara Indonesia (L, ID)   Diversified Banks 87 47 49 97
7. AKR Corporindo (L, ID)  Oil & Gas Transportation
7. AKR Corporindo (L, ID)   Oil & Gas Transportation 82 27 75 96
8. United Tractors (XL, ID)  Coal & Consumable Fuels
8. United Tractors (XL, ID)   Coal & Consumable Fuels 71 74 45 79
9. Telekomunikasi Indonesia (XL, ID)  Integrated Telecommunication
9. Telekomunikasi Indonesia (XL, ID)   Integrated Telecommunication 69 42 49 86
10. ITM (L, ID)  Coal & Consumable Fuels
10. ITM (L, ID)   Coal & Consumable Fuels 67 70 19 44

January 4, 2024. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Jakarta Composite Index IDX Composite from January 4, 2024.

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