Company Performance: BTON.JK's financial health, including revenue, profit margins, and debt levels, significantly impacts its stock price. Positive earnings reports typically drive the price up, while losses can lead to a decline.

Industry Trends: The overall performance of the Indonesian property sector, BTON.JK's industry, influences investor sentiment. Growth in the sector generally benefits BTON.JK's stock.

Economic Conditions: Factors like interest rates, inflation, and economic growth in Indonesia affect investment decisions and property demand, thereby impacting BTON.JK's stock.

Market Sentiment: General investor optimism or pessimism towards the Indonesian stock market (IDX) and emerging markets can sway BTON.JK's stock price, regardless of its fundamentals.

Government Policies: Government regulations related to property development, taxes, and land use can significantly affect BTON.JK's operations and, consequently, its stock price.

Global Events: Global economic events, geopolitical tensions, and commodity price fluctuations can indirectly impact the Indonesian economy and investor confidence in BTON.JK.

Investor Perception: How investors perceive BTON.JK's management, strategy, and future prospects influences their willingness to buy or sell the stock, impacting its price.

Dividend Policy: BTON.JK's dividend payouts and dividend yield can attract income-seeking investors, potentially supporting or increasing the stock price.

Competition: The competitive landscape in the Indonesian property market, including the actions of BTON.JK's main competitors, can affect its market share and profitability.

Currency Fluctuations: Changes in the Indonesian Rupiah (IDR) exchange rate can influence foreign investor interest and the attractiveness of BTON.JK stock.

Regulatory Changes: Changes in IDX regulations or financial reporting standards can affect investor confidence and trading activity in BTON.JK stock.

Land Acquisition Costs: Fluctuations in land prices, a key resource for property developers like BTON.JK, can directly impact project profitability and stock value.

Construction Costs: Increases in construction material prices and labor costs can impact project profitability and negatively affect BTON.JK's financial performance.

Project Sales: The success rate of BTON.JK's property projects in terms of sales and occupancy rates significantly influences investor perception and the stock price.