Bank Mandiri stock: UOB Kay Hian keeps HOLD and targets IDR 4,665

Published on 10/21/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

August profit reached IDR 37.50 trillion, up 22.30 percent. Bank Mandiri stock costs IDR 3,700 on October 21, 2026, up 0.27 percent.

Analyst target and dates

UOB Kay Hian maintained HOLD and set an IDR 4,665 target on October 9, 2026.
Bank-only profit reached IDR 37.50 trillion through August 2026, up 22.30 percent year over year.
Bank Mandiri stock cost EUR 0.18 at Lang & Schwarz on October 21, 2026 at 3:17 p.m. CEST, 5.76 percent below the Frankfurt close of October 20, 2026.
The next earnings report is scheduled for November 3, 2026.

Bank Mandiri, ID1000095003, Illustration mit AI erstellt.

UOB Kay Hian maintained a HOLD rating and set an IDR 4,665 target for Bank Mandiri on October 9, 2026, while the bank's shares were quoted at IDR 3,700 on the Indonesia Stock Exchange on October 21. The euro price was EUR 0.18 at Lang & Schwarz on October 21, 2026 at 3:17 p.m. CEST, down 5.76 percent versus the Frankfurt close of October 20, 2026 at EUR 0.19.

Profit growth reaches August

Bank Mandiri's bank-only net income reached IDR 37.50 trillion through August 2026, rising 22.30 percent from the same period a year earlier, Kontan reported on October 20, 2026. The same report said assets reached IDR 2.359 trillion and loans IDR 1.592 trillion, with both figures tied to August 2026.

Credit expanded 17.60 percent year over year, while deposits also rose 17.60 percent to IDR 1.687 trillion. Digital activity added scale: Livin' by Mandiri had 42.20 million users and 3.32 billion transactions through August 2026, according to the same report.

Price sits below the yearly high

The Jakarta-listed share closed at IDR 3,700 on October 21, 2026, up 0.27 percent from IDR 3,690. Its 52-week range was IDR 3,200 to IDR 5,375, placing the latest price 31.16 percent below the high and 15.63 percent above the low. Trading volume reached 266,930,800 shares.

Valuation and November 3 date

Bank Mandiri had a price-to-earnings ratio of 5.54 and a market capitalization of IDR 345.3 trillion on October 21, 2026. The next earnings report is scheduled for November 3, 2026, according to TradingView.

What does the target imply?

UOB Kay Hian's IDR 4,665 target stands 26.08 percent above the IDR 3,700 Jakarta price. Its report retained HOLD while citing tighter liquidity, credit-allocation uncertainty and a projected net interest margin of 4.10 percent in the third quarter of 2026, compared with 4.37 percent in the first half, UOB Kay Hian said.

Comparison with peers

Bank Mandiri: down 5.76 percent versus the Frankfurt close, price-to-earnings ratio 5.54, market capitalization IDR 345.3 trillion.

Bank Central Asia (Indonesia Stock Exchange, IDR): up 1.44 percent, price-to-earnings ratio 11.18, market capitalization IDR 648.0 trillion.

Bank Negara Indonesia (Indonesia Stock Exchange, IDR): up 0.93 percent, price-to-earnings ratio 3.94, market capitalization IDR 121.2 trillion.

Stock remains tied to two dates

The current investor picture combines August operating growth with a November reporting date. The analyst target adds a valuation reference, but the quoted HOLD stance also points to liquidity and credit-cost risks.

Bank Mandiri was trading at EUR 0.18 at Lang & Schwarz on October 21, 2026 at 3:17 p.m. CEST, 5.76 percent below the Frankfurt close of October 20, 2026 at EUR 0.19. The further course of trading is shown by the continuously updated real-time quote of Bank Mandiri stock.