RLCO & SIPD Finally Unleashed, But with a Pit Stop at the "Warning Board"!

 Author : Pungky

Hey there, fellow market hunters! Some good news for those who've been on edge holding RLCO and SIPD. The Indonesia Stock Exchange (IDX/BEI) has finally lifted the trading suspension of PT Sreeya Sewu Indonesia Tbk (SIPD) and PT Abadi Lestari Indonesia Tbk (RLCO) today, Friday (30/1/2026). Starting from the first session, both are tradable again.

But don't break out the big smile just yet. They aren't returning smoothly to the main board. The IDX has placed them on the Special Monitoring Board (PPK). Think of it as a special "holding room" for stocks under intense surveillance due to movements deemed unusual. So, trading is allowed, but the hazard lights are blinking non-stop.

A Trip Down Memory Lane: RLCO's Meteoric Rise from Buddy to Superstar

Let's rewind a bit for context. The reason they were 'benched' is simple: their price increases were absolutely insane, mind-boggling!

Take RLCO, for instance. Its story is like a daydream. The stock had an IPO price of Rp168. Then, in a relatively short time, it skyrocketed uncontrollably to touch Rp8,700. That's an increase of over 5,000 percent! In fact, just before the IDX halted it, the stock was hitting 'auto reject upper' (ARA) almost daily. The market seemed speechless, just shaking its head.

What made the story even hotter was Samuel Sekuritas releasing research that set a target price for RLCO as high as Rp80,000. If that materializes, wow, there's still potential for an approximate 820% gain from its last traded price. That's a figure that would make anyone reading it do a double-take. Is it really possible, or just a mirage in the hot desert of the stock market?

Its companion, SIPD, was no less thrilling. In the past month alone, its stock rose over 49%, and over the past year, it strengthened by more than 88%. Clearly, this isn't a normal walking pace; this is a sprint. What 'wind' is really behind this?

The Post-Suspension Dilemma: Cooling Off or Fueling Curiosity?

This is the interesting part. In theory, a suspension's function is to cool things down, to let investors think clearly again. But in our market's practice, a suspension often becomes a spice that makes the dish even more tempting. Imagine a stock that's the talk of the town, rising excitingly, suddenly gets stopped. Those who missed out become incredibly curious. Those holding are torn between fear and hope.

Therefore, when it reopens, the reaction can be extreme. Especially now that they're placed on the PPK. It's like a sign: "Caution, this item is hot and high-risk!". But for some traders, a warning sign is ironically seen as a green light for speculation. "Wow, this is a special stock, it's even under special monitoring," that's roughly how some people think.

The Limp IHSG: Will RLCO & SIPD Be the Lifesavers?

We have to look at the macro conditions too. The IHSG (Composite Index) isn't in great shape. According to BRI Danareksa Sekuritas, while there's a chance for a rebound to 8,400, selling pressure from foreign investors remains a specter. So, the overall market mood is still cautious and tends to be sluggish.

In conditions like this, the money circulating in the market is limited. Instead of spreading to many stocks, that money tends to pile up in one or two spots considered 'sexy' and capable of giving quick returns. RLCO and SIPD, with their history of spectacular gains, have the potential to become magnets for that hot money. They could become an escape for traders impatient with waiting for blue-chip stocks to move.

So, What's the Outlook Moving Forward?

So, as spectators and (possibly) players, what scenarios might unfold?

1. The Madness Continues: The pre-suspension momentum immediately resumes. Upon opening, buy queues pile up, ARA becomes routine again. The Rp80,000 target for RLCO becomes a motivational mantra. Gains could continue for several days ahead.

2. Heavy Profit-Taking: A realistic scenario. Many seasoned players who've made big profits will likely use this opening to take profit. Prices could immediately plunge in the early session. Whether or not new buyers emerge after the plunge is the big question.

3. Sharp Roller Coaster Volatility: Prices move volatilely within a certain range. Scalpers are happy, long-term investors sip their coffee with a wry smile. Movement is heavily dictated by large orders.

Pungky's Advice (Not a Recommendation, OK!)

The return of RLCO and SIPD is a test for our mental fortitude and discipline as market players.

• For those already holding: Time to be honest with yourself. Did you buy based on analysis or just followed the crowd? Do you have a clear plan to sell at what price or cut loss where? Don't let greed evaporate the profits already in your hand.

• For those wanting to enter: Ask your inner self. Is this an investment or just gambling disguised as stocks? Playing in PPK stocks is super high risk. Only use cold, spare money, and be mentally prepared if the price plunges. Never go all-in, especially with borrowed money.

• For those just watching: This is free, educational viewing. You can observe how market psychology works, how it reacts to IDX policies, and how rumors/target prices can influence movement. Take the lessons.

The bottom line is, market attention this week will be heavily drawn to these two stocks. Will they prove their rise has a fundamental basis, or are they just a bubble ready to pop? Prepare your strategy, control your emotions, and remember: in the market, the ones who survive aren't the bravest, but the most disciplined and capable of managing risk.

Disclaimer: This writing is just for casual reading and sharing thoughts. Not a buy/sell invitation. For investment matters, the final decision is in your own hands. If you incur losses, don't blame Pungky, okay!