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

Published on 10/21/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vale Indo stock costs EUR 0.19 on October 21, 2026. Second-quarter revenue reached USD 290.40 million, up 32 percent year on year.

Targets and operating results

BRI Danareksa cut its target from IDR 8,000 to IDR 7,300 on September 24, 2026.
Second-quarter 2026 revenue reached USD 290.40 million, up 32 percent year on year.
Vale Indo stock traded at EUR 0.19 at 10:05 a.m. CEST at Lang & Schwarz on October 21, 2026.

Vale Indo, ID1000109309, Illustration mit AI erstellt.

Vale Indo (ISIN ID1000109309) was trading at EUR 0.19 at Lang & Schwarz on October 21, 2026, at 10:05 a.m. CEST in pre-market trading. The latest analyst catalyst was a target cut by BRI Danareksa, which lowered its price target from IDR 8,000 to IDR 7,300 on September 24, 2026, according to BRIGHTS.

Operating recovery supports the case

The target revision came with a more cautious view of monetization and project timing. BRI Danareksa maintained its Buy rating while pointing to logistics recovery at Bahodopi and Pomalaa, where second-quarter ore sales reached 1.10 million wet metric tons and 496,000 wet metric tons, respectively.

Nickel matte production rose to 16,200 metric tons in the second quarter of 2026, up 18.80 percent quarter on quarter. The research forecast FY2026 production of 67,600 metric tons and FY2027 production of 71,000 metric tons, while the HPM 363 royalty change was estimated to add USD 46.00 million to FY2027 net income, or 14.50 percent versus the earlier estimate, according to BRIGHTS.

What does the target cut mean?

The key issue is execution rather than a collapse in reported demand. Vale Indonesia posted USD 290.40 million of revenue in the second quarter of 2026, up 32 percent from the second quarter of 2025, while net income reached USD 60.80 million, according to Simply Wall St. The same report said revenue missed estimates by 5.40 percent, while earnings per share exceeded estimates by 24 percent.

Three dated steps for investors

On July 30, 2026, second-quarter revenue reached USD 290.40 million and net income reached USD 60.80 million. On September 24, 2026, BRI Danareksa cut its target from IDR 8,000 to IDR 7,300 while retaining its Buy rating. On October 20, 2026, Katadata reported that BRI Danareksa recommended INCO among selected Indonesian stocks, with the recommendation presented against a bearish index backdrop.

Stock price and company profile

PT Vale Indonesia Tbk operates in nickel mining and processing, with activities spanning exploration, mining, processing, logistics and hydropower infrastructure in Indonesia. Its reported second-quarter revenue growth contrasts with the lower analyst target, leaving logistics execution, furnace availability and project timing as the central valuation variables.

Vale Indo was trading at EUR 0.19 at Lang & Schwarz on October 21, 2026, at 10:05 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Vale Indo stock.