🔴 Erajaya Swasembada is trading 14.63% down — no confirmed company-specific catalyst

Erajaya Swasembada is trading at IDR 525.00, down -14.63%, with no confirmed company-specific explanation for the decline.

• The Jakarta Composite fell 11.57% on October 16 amid concern about a possible MSCI downgrade.
• Its iPhone 18 Pro launch coincided with the October 16 selloff, but coverage does not link it to the decline.
• Foreign investors nevertheless bought Rp63.4 billion of Erajaya shares that week; available evidence does not establish a direct catalyst.