CPIN Stock: Charoen Pokphand Indonesia Profile, Business, Performance and Risks

CPIN is the ticker for PT Charoen Pokphand Indonesia Tbk on the Indonesia Stock Exchange. The company runs an integrated poultry agribusiness: animal feed production, day-old chick (DOC) breeding, and broiler chicken farming and processing. CPIN is part of the Charoen Pokphand Group, a Thailand-based conglomerate that also controls feed, poultry, retail, and telecom businesses across multiple countries.

CPIN stock summary

As of October 24, 2026:

Average daily trading volume over the past three months stood at 30.99 million shares, according to Yahoo Finance data.

Charoen Pokphand Indonesia's business

CPIN runs a vertically integrated business model typical of the Charoen Pokphand Group: feed production, day-old chick (DOC) breeding, broiler farming, and processed chicken products. According to a mikirduit.com report citing CPIN's first-half 2026 financials, the three main segments are broiler chicken as the biggest revenue contributor, followed by feed, and DOC sales.

This model mirrors CP Group's broader global strategy. According to Wikipedia Indonesia, the Thai conglomerate is known for vertical integration: it supplies feed and chicks to partner farmers, then buys back mature chickens for processing and distribution to wholesalers, restaurants, and fast-food franchises. This farmer partnership model has let CP Group build an extensive poultry supply network across multiple countries, including Indonesia.

Brief history and IPO

Charoen Pokphand Group traces back to a small seed shop called Chia Tai Chueng, founded by Chinese immigrant brothers Chia Ek Chor and Chia Siew Whooy in Bangkok's Chinatown in 1921. The business originally imported seeds from China and exported pigs and eggs to Hong Kong. It wasn't until the 1950s that the shop began specializing in animal feed, particularly for chickens.

According to Wikipedia, CP Group launched its first feed mill operation in Indonesia in 1972, part of the group's international expansion after it had exported chicken to Japan in 1973 and entered Singapore in 1976. That Indonesian operation became the forerunner of PT Charoen Pokphand Indonesia Tbk, now listed on the Indonesia Stock Exchange under the ticker CPIN. The exact year CPIN went public is not available in the sources we reviewed, so readers looking for that detail should check the company's official listing history on idx.co.id.

Shareholders and management

One notable shareholder named in IDX disclosures is UBS AG Ldn. According to a liputan6.com report dated September 17, 2026, UBS AG purchased 2,261,447 CPIN shares on September 14, 2026 at Rp3,141 per share, a transaction worth roughly Rp7.10 billion. After this purchase, UBS AG's stake rose from 5.99% to 6.01%, equivalent to 984,998,447 shares.

The disclosure stated the purpose of the transaction was hedging against derivative trading activity, with direct ownership status. The same disclosure also listed UBS AG as the company's controlling shareholder. No details on CPIN's board of directors or commissioners were available in the sources we checked; readers seeking that information should consult the company's official annual report on idx.co.id.

Recent financial performance

According to a mikirduit.com report dated September 1, 2026, citing CPIN's first-half 2026 financial statements, the company posted sharp net profit growth. Here's a summary:

According to the report, the sharp jump in net profit was driven more by operational efficiency that boosted margins than by revenue growth alone. The feed segment posted the most aggressive revenue growth and became the second-largest revenue contributor after broiler chicken, which reportedly also posted positive growth, though the exact figure wasn't included in the source we reviewed.

For the most recent quarterly or full-year results, readers should check CPIN's official financial statements on idx.co.id, since our sources only cover data through the first half of 2026.

Dividends

We found no data on CPIN's dividend policy, payout history, or dividend yield in the available sources. Readers interested in CPIN's dividend history should check the company's official disclosures and annual reports on idx.co.id.

CPIN stock price movement

As of October 24, 2026, CPIN traded at Rp2,760 per share. That's much closer to the lower end of its 52-week range of Rp2,390, compared to the upper end at Rp5,275, meaning the current price has corrected significantly from its one-year high.

Yahoo Finance data shows negative performance across all timeframes: down 8.6% over one month, 14.6% over three months, and 47.2% over one year. Average daily trading volume over the past three months stood at 30.99 million shares.

This selling pressure lines up with analyst commentary on CPIN's valuation, which has been described as historically cheap. A mikirduit.com article dated October 15, 2026 noted CPIN's Price to Book Value (PBV) had fallen below -2 standard deviations from its historical average, alongside BRIS and TBIG. A PBV band illustrates a stock's historical valuation range relative to its average; the deeper below average, the historically cheaper it's considered. However, as the article stressed, a cheap PBV reading is no guarantee the stock price will rebound soon. Fundamentals and business prospects still need to be checked independently by investors.

Recent news and catalysts

Three major events have shaped CPIN's recent price action:

MSCI Global Standard to Small Caps downgrade (August 31, 2026). According to mikirduit.com, CPIN was dropped from the MSCI Global Standard index to Small Caps status in late August 2026. Index status changes like this typically trigger selling from global funds that track the index, as they must rebalance portfolios to match the new composition. The same article cited historical research on 18 Indonesian stocks that exited MSCI Global Standard since February 2023, showing a probability of rebound within 4-12 months post-downgrade, though not all stocks saw significant recoveries, citing ICBP and KLBF as examples.

MSCI's proposal to downgrade Indonesia's market status (October 16, 2026). According to a topbusiness.id report, the Indonesia Stock Exchange plunged 11% on October 16, 2026, its deepest decline since 1998, after MSCI stated Indonesia's stock market no longer met criteria for emerging market status. MSCI was reportedly preparing steps to remove Indonesia's market from several benchmark investment products, which could trigger further foreign capital outflows.

CPIN listed as a "trading idea" amid volatility (October 19, 2026). Fanny Suherman, Head of Retail Research at BNI Sekuritas, in research cited by topbusiness.id, advised investors to avoid stocks with high foreign ownership amid uncertainty over MSCI's status review. She pegged the IHSG's support level at 4,900-5,000 and resistance at 5,200-5,250. CPIN appeared on that day's trading idea list alongside TINS, NCKL, INCO, AADI, and TAPG, as the IHSG had seen a close down 11.6% with net foreign selling of around Rp3.4 trillion.

UBS AG's CPIN share purchase (September 17, 2026). As noted in the shareholders section, UBS AG bought 2.26 million CPIN shares worth Rp7.10 billion for derivative hedging purposes, raising its stake to 6.01%.

Competitors on the IDX

According to mikirduit.com, two main competitors to CPIN in the feed and poultry sector on the IDX are:

• JPFA (Japfa Comfeed Indonesia) — an integrated feed and poultry company that also has dairy cattle and aquaculture business lines.
• MAIN (Malindo Feedmill) — a feed and poultry company with a smaller operational scale compared to CPIN and JPFA.

These three issuers are frequently compared due to their similar business models: feed production, breeding, and broiler farming.

Risks

Several concrete risks worth monitoring for CPIN:

• Commodity sector risk. The feed business depends heavily on imported raw material prices like corn and soybean meal, and is vulnerable to extreme weather disruptions like El Nino, which was previously cited as a looming cost risk for CPIN.
• Global index status risk. CPIN was recently dropped from MSCI Global Standard to Small Caps in August 2026, a change that historically triggers selling pressure from index-tracking foreign funds.
• Indonesia market macro risk. MSCI's proposal to downgrade Indonesia's market status from emerging market in October 2026 could trigger broader foreign capital outflows, not just from CPIN but from high-foreign-ownership stocks in general.
• Foreign ownership concentration. UBS AG holds a 6.01% stake in CPIN and is listed as the company's controlling shareholder in IDX disclosures, meaning large transactions from this shareholder could influence the stock price.
• Valuation risk. CPIN's PBV has indeed fallen below -2 standard deviations historically, but as mikirduit.com cautioned, a cheap valuation reading is no guarantee of a quick price recovery. Fundamentals still need to be verified through official financial reports.
• Liquidity and volatility risk. With a 47.2% price decline over the past year and a wide 52-week range (Rp2,390-Rp5,275), the stock has shown significant volatility during this period.

What it means for investors

A few concrete things current or prospective CPIN holders can track:

• Price level versus the 52-week range. At Rp2,760, the price sits close to the lower bound of Rp2,390. A move toward or below that level could signal selling pressure hasn't eased, while a move toward the middle of the range could suggest improving sentiment.
• The one-year mark for MSCI Small Caps status. Per mikirduit.com's research, the 12-month mark since CPIN's downgrade from MSCI Global Standard falls in late August 2027. Historical patterns among 18 other downgraded stocks show rebound potential typically within 4-12 months, though not always realized, as seen with ICBP and KLBF.
• How MSCI's Indonesia market status review unfolds. MSCI's final decision on Indonesia's emerging market status could affect foreign fund flows into large-cap, high-foreign-ownership stocks, CPIN included.
• The next quarterly earnings release. Available performance data only runs through the first half of 2026. CPIN's third-quarter or full-year 2026 results on idx.co.id will show whether the 94.7% YoY net profit growth trend continues.
• UBS AG's ownership moves. As the controlling shareholder with a 6.01% stake, any significant changes to UBS AG's position in IDX disclosures are worth watching.

How to buy CPIN stock

CPIN shares are traded in lots, with 1 lot equal to 100 shares. At Rp2,760 per share as of October 24, 2026, one lot of CPIN costs Rp276,000, excluding brokerage transaction fees.

To buy this stock, investors need to open a securities account with a brokerage licensed by Indonesia's Financial Services Authority (OJK) and registered as a member of the Indonesia Stock Exchange. Once the account is active and funded, CPIN orders can be placed through the brokerage's trading app.

FAQ

Does CPIN regularly pay dividends?

CPIN's dividend policy data is not available in the sources we reviewed. Check official financial reports and disclosures on idx.co.id for dividend history.

How much is one lot of CPIN stock?

As of October 24, 2026, CPIN trades at Rp2,760 per share, so one lot (100 shares) costs Rp276,000.

Is CPIN part of the LQ45 index?

Not confirmed in the sources we checked. What we do know is that CPIN was recently downgraded from MSCI Global Standard to Small Caps status on August 31, 2026.

What's the difference between CPIN and JPFA?

Both are integrated poultry feed and broiler companies listed on the IDX. CPIN is part of Thailand's Charoen Pokphand Group, while JPFA (Japfa Comfeed Indonesia) is affiliated with Singapore-based Japfa Ltd.

Why has CPIN's stock dropped so much over the past year?

Yahoo Finance data shows CPIN fell 47.2% over one year through October 24, 2026. The decline coincided with CPIN's downgrade from MSCI Global Standard to Small Caps in August 2026, plus foreign selling pressure after MSCI proposed downgrading Indonesia's market status from emerging market in October 2026.

This article is for informational purposes only and is not a recommendation to buy or sell CPIN stock.