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MSCI Indonesia Index Earning Revision (Oct): Energi Mega Persada, Indah Kiat Pulp & Paper, XL Axiata

31 Oct 2026 By Ke Yan, CFA, FRM
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Abstract: We analyzed earning revisions of MSCI Indonesia component stocks for October 2026. The index's 2026E EPS rose 2.9% month on month to IDR453.8, with 23 stocks revised up versus 6 revised down, even as the index price fell 13% to 3,445. Energi Mega Persada led the EPS gains, up 41.1% to IDR86.6 and contributing IDR2.8 to index EPS, followed by Indah Kiat Pulp & Paper, up 7.0% to IDR2,067 and contributing IDR1.4. XL Axiata posted the sharpest decline, with EPS down 80.6% to -IDR6.83, while PT Indofood Sukses Makmur, Bank Mandiri, and Bank Rakyat Indonesia also ranked among the top positive contributors to index EPS.

Indah Kiat Pulp & Paper (INKP IJ) Akr Corporindo (AKRA IJ) Kalbe Farma (KLBF IJ) Pakuwon Jati (PWON IJ) PT Indofood Sukses Makmur (INDF IJ) Bank Rakyat Indonesia (BBRI IJ)

Highlighted Stocks

Indah Kiat Pulp & Paper, Akr Corporindo, Kalbe Farma, Pakuwon Jati, PT Indofood Sukses Makmur, Bank Rakyat Indonesia

Series: Index Earnings Revision Monthly: all issues →

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