Meneropong Peluang Saham Perbankan, Waktunya Buy on Weakness? -

Read Time:9 Minute, 13 Second

IHSG Hari Ini. (Antara/Antara)

Jakarta, Beritasatu.com – Saham-saham perbankan yang semula dijuluki perkasa justru melemah sepanjang tahun ini. Harga saham beberapa bank besar terus terkoreksi sejak awal tahun hingga kuartal III 2025.

Misalnya, saham PT Bank Central Asia Tbk (BBCA) turun 24,29% year to date (ytd), sedangkan saham PT Bank Mandiri (Persero) Tbk (BMRI) terkoreksi lebih dalam hingga 25,96% ytd.

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Equity Analyst Ajaib Sekuritas, Ratih Mustikoningsih, menilai penurunan tersebu

https://5a883c52cc287130595e9630f083b985.safeframe.googlesyndication.com/safeframe/1-0-45/html/container.html

“Outflow di sektor keuangan sejalan dengan kinerja keuangannya. Jika hasilnya tidak sesuai ekspektasi, seperti loan growth yang tumbuh di bawah konsensus pasar atau bottom line-nya terkoreksi, hal ini pasti berpengaruh. Karena penurunan bottom line berarti potensi yield dividend-nya juga ikut turun,” ungkap Ratih kepada Beritasatu.com, Senin (13/10/2025).

“Padahal banyak investor mengincar dividend dari saham-saham perbankan. Sejauh ini, saya melihat kinerja keuangan perbankan belum cukup positif hingga kuartal III ini,” tambah dia.

Ratih mengapresiasi langkah pemerintah dalam memberikan stimulus dan kebijakan moneter yang mendorong minat investor dalam jangka pendek. Salah satunya melalui penempatan saldo anggaran lebih (SAL) sebesar Rp 200 triliun di bank-bank pemerintah.

Hal ini tentu memberi ruang bagi penurunan bunga kredit, serta kebijakan suku bunga acuan yang kini turun hingga 4,75%. Meski demikian, menurutnya masih terlalu dini untuk menilai dampak konkret dari stimulus tersebut. “Semoga kebijakan moneter dan fiskal yang diberikan pemerintah akan berdampak positif bagi sektor perbankan pada kuartal IV,” ujar Ratih.

Lebih lanjut, Ratih menilai saham-saham perbankan masih menarik untuk dikoleksi sebagai investasi jangka pendek. Secara teknikal, harga saham perbankan saat ini sudah berada di area bottom.

“Jadi menarik bagi investor yang ingin mengakumulasi, meski sebaiknya dengan porsi kecil terlebih dahulu. Buy on weakness dengan porsi minimal, beli di area support dan jual di area resistance sambil melihat apakah benar-benar ada inflow investor asing ke saham-saham perbankan,” tutup Ratih.