Indonesia’s Most Trusted  Rating Agency

Press Release PEFINDO i-Grade Index for The Perod of July 1, 2024 - December 31, 2024

Press Release PEFINDO i-Grade Index for The Perod of July 1, 2024 - December 31, 2024

30 Jun 2024

PEFINDO together with BEI have determined the constituents of the PEFINDO i-Grade Index in the routine major evaluation for the period July to December 2024. Based on the results of the analysis using the PEFINDO rating data as well as stock trading data from companies rated by PEFINDO, the following are the companies that are constituents of the PEFINDO i-Grade Index from July to December 2024:

Figure 1. Constituents of PEFINDO i-Grade for July - December 2024

No.

Ticker

Company Name

Corporate Rating

1

ADHI

Adhi Karya (Persero) Tbk.

idA-

2

BBCA

Bank Central Asia Tbk.

idAAA

3

BBNI

Bank Negara Indonesia (Persero) Tbk.

idAAA

4

BBRI

Bank Rakyat Indonesia (Persero) Tbk.

idAAA

5

BJBR

Bank Pembangunan Daerah Jawa Barat dan Banten Tbk.

idAA

6

BMRI

Bank Mandiri (Persero) Tbk.

idAAA

7

BMTR

Global Mediacom Tbk.

idA+

8

BNGA

Bank CIMB Niaga Tbk.

idAAA

9

BRIS*

Bank Syariah Indonesia Tbk.

idAAA

10

BRPT

Barito Pacific Tbk.

idA+

11

BSDE

Bumi Serpong Damai Tbk.

idAA

12

DSNG

Dharma Satya Nusantara Tbk.

idA

13

ELSA

Elnusa Tbk.

idAA

14

HEAL

Medikaloka Hermina Tbk.

idAA

15

HRTA

Hartadinata Abadi Tbk.

idA

16

INKP

Indah Kiat Pulp and Paper Tbk.

idA+

17

ISAT

Indosat Tbk.

idAAA

18

JSMR

Jasa Marga (Persero) Tbk.

idAA

19

MBMA*

Merdeka Battery Materials Tbk.

idA

20

MDKA

Merdeka Copper Gold Tbk.

idA+

21

MEDC

Medco Energi Internasional Tbk.

idAA-

22

MFIN

Mandala Multifinance Tbk.

idAAA

23

MYOR

Mayora Indah Tbk.

idAA

24

PNBN

Bank Pan Indonesia Tbk. 

idAA

25

PTPP

Pembangunan Perumahan (Persero) Tbk.

idA

26

SMDR

Samudera Indonesia Tbk.

idA+

27

SMGR

Semen Indonesia (Persero) Tbk.

idAA+

28

SMRA

Summarecon Agung Tbk.

idA+

29

TLKM

Telkom Indonesia (Persero) Tbk.

idAAA

30

TPIA

Chandra Asri Pacific Tbk.

idAA-

(*) New member of PEFINDO i-Grade for July 2024 – December 2024.

 

PEFINDO i-Grade Index Still Records Relatively Superior Performance

In the current environment of higher central bank interest rates in developed countries, the PEFINDO i-Grade Index has achieved strong performance compared to other stock market indices such as JCI, LQ45, SRI-KEHATI, and IDX30. Since its inception on December 28, 2012, the PEFINDO i-Grade Index has consistently outperformed these other indexes on the Indonesia Stock Exchange. PEFINDO i-Grade's return performance was notably superior, with returns reaching 126.51%, compared to the returns of 63.63% for IHSG, 20.77% for LQ45, 18.99% for IDX30, and 70.21% for SRI-KEHATI over the same period.