BRI Danareksa cuts target for Vale Indo stock to IDR 7,300

Published on 10/12/2026 at 09:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit reached USD 104.00 million, up 313.00 percent year over year. Vale Indo stock was EUR 0.21 at Lang & Schwarz on October 12, 2026.

Key points in brief

BRI Danareksa cut its Vale Indonesia target to IDR 7,300 from IDR 8,000 on September 24, 2026.
First-half 2026 net profit reached USD 104.00 million, up 313.00 percent year over year.
Vale Indo stock was EUR 0.21 at Lang & Schwarz on October 12, 2026 at 9:15 a.m. CEST.
Nickel matte production rose 18.80 percent quarter over quarter to 16,200 tons in the second quarter of 2026.

Vale Indo, ID1000109309, Illustration mit AI erstellt.

Vale Indo stock was EUR 0.21 at Lang & Schwarz on October 12, 2026 at 9:15 a.m. CEST, while BRI Danareksa cut its target to IDR 7,300 from IDR 8,000 on September 24, 2026. The research cited slower monetization of expanded mining capacity, but also pointed to higher nickel matte output after the Furnace 3 rebuild.

Target falls as output recovers

According to BRIGHTS on September 24, 2026, BRI Danareksa maintained its Buy rating while lowering the target from IDR 8,000 to IDR 7,300. The report tied the reduction to slower monetization and a lower nickel price assumption of USD 16,600 per ton from USD 17,500 per ton.

The operating counterpoint was measurable. Bahodopi saprolite sales reached 1.10 million wet metric tons in the second quarter of 2026, up 21.30 percent quarter over quarter, while Pomalaa sales reached 496,000 wet metric tons. Nickel matte production rose 18.80 percent quarter over quarter to 16,200 tons after Furnace 3 was rebuilt.

Profit growth sharpens the debate

KONTAN reported on September 16, 2026 that Vale Indonesia's nickel matte production reached 16,153 tons in the second quarter of 2026, up 19.00 percent quarter over quarter. First-half 2026 net profit rose 313.00 percent year over year to USD 104.00 million, while nickel matte cash cost fell to USD 10,005 per ton in the second quarter.

The earnings comparison is substantial, but the target cut shows the market is weighing execution against valuation. The report also cited ore sales of 2.33 million wet metric tons in the second quarter of 2026, up 139.00 percent quarter over quarter, giving Vale Indonesia a larger contribution from ore alongside its traditional nickel matte business.

What does the target cut mean?

The lower IDR 7,300 target does not erase the operational recovery. Quartr recorded first-quarter 2026 revenue of USD 252.70 million, up 22.40 percent year over year, and net profit of USD 44.00 million, up 85.00 percent year over year. It also reported a 2026 nickel matte production target of 67,645 tons.

The next operating dates

BRIGHTS said the commercial contribution from the Pomalaa HPAL project had shifted from the fourth quarter of 2026 to early 2027. That timetable makes logistics, furnace availability and the ramp-up of new ore operations the key execution markers for the next reporting periods.

Vale Indo stock stays in pre-market

Vale Indo was at EUR 0.21 at Lang & Schwarz on October 12, 2026 at 9:15 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Vale Indo stock.