Abstract: We analyzed the April 2026 consensus EPS revisions for MS-Indonesia index constituents, tracking month-on-month changes in 2026E EPS and revenue estimates across the index. The MS-Indonesia index declined 6.2% over the month, from 5,101 to 4,783, with 15 stocks revised up and 28 revised down on 2026E EPS. Bank Mandiri (BMRI IJ) had the largest positive contribution to index EPS at +IDR24, followed by Astra Intl (ASII IJ, +IDR13) and Telkom Indonesia (TLKM IJ, +IDR12). Among individual EPS revisions, Barito Pacific (BRPT IJ) rose the most at +81.2%, Solusi Sinergi Digital (WIFI IJ) gained +43.8%, and Medco Energi Internasional (MEDC IJ) gained +17.5%. XL Axiata (EXCL IJ) saw the steepest EPS cut at -11.1%, followed by Merdeka Copper Gold (MDKA IJ, -10.4%) and BFI Finance Indonesia (BFIN IJ, -9.59%).
XL Axiata, Indah Kiat Pulp & Paper, Telkom Indonesia, Solusi Sinergi Digital, Medco Energi Internasional, Indo Tambangraya Megah
A monthly review of consensus earnings revisions for MSCI Indonesia constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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