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J.P. Morgan Upgrade Peringkat Saham Chandra Asri (TPIA)

J.P. Morgan Upgrade Peringkat Saham Chandra Asri (TPIA)

JP Morgan Sekuritas Indonesia mengerek peringkat saham PT Chandra Asri Pacific Tbk (TPIA) menjadi netral dari sebelumnya underweight, menandai pergeseran sikap optimis terhadap prospek petrokimia milik konglomerat Prajogo Pangestu tersebut.

Poin-Poin Utama Upgrade

Aspek	Sebelumnya	Sekarang
Peringkat	Underweight	Netral +1
Target Harga	Rp1.090/saham	Rp1.615/saham
Kenaikan Target	—	+61%
Tanggal Pandangan	Juni 2026 (underweight)	1 Juni 2026

Alasan Di balik Upgrade

JP Morgan mengubah pandangan setelah TPIA mencatatkan kinerja keuangan yang impresif pada kuartal I-2026:

Laba bersih: Sekitar US$205 juta

EBITDA Q1 2026: US$421 juta – tertinggi sepanjang sejarah

Proyeksi EBITDA 2026: Diprediksi tembus US$1,3 miliar

Analis JP Morgan Sekuritas Indonesia, Arnanto Januri, yang menyusun pandangan terbaru ini menekankan bahwa sektor refining memasuki "golden era" yang mendukung pemulihan kinerja perusahaan.

Faktor Pendukung Lainnya

Tekanan jual pasca rebalancing MSCI mulai mereda – Setelah keluar dari indeks MSCI, tekanan jual dinilai sudah berkurang signifikan

Net buy tertinggi investor domestik – Saham TPIA sempat melonjak 12,04% menjadi Rp2.000 pada penutupan 2 Juni 2026 usai rebalancing MSCI

Perubahan narasi pasar – Market mulai optimis terhadap turnaround besar di sektor petrokimia

Reaksi Pasar

J.P. Morgan Upgrade Peringkat Saham Chandra Asri (TPIA)

(Foto Saham TPIA dari Googel Finansial)

Saham TPIA menunjukkan volatilitas tinggi setelah pengumuman ini:

Dibuka di level Rp1.900/saham

Kemudian melemah ke Rp1.615/saham pada pukul 09.20 WIB

Implikasi untuk Investor

Upgrade ini menandai pergeseran Sentimen JP Morgan setelah sebelumnya tetap bersikap underweight pada saham petrokimia afiliasi Barito Group tersebut. Target harga Rp1.615/saham memberikan upside signifikan dari level perdagangan saat ini, meskipun investor perlu memantau volatilitas jangka pendek dan keberlanjutan kinerja EBITDA.

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