BRI Danareksa keeps buy view for Adaro stock

Published on 10/15/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa set an IDR 3,300 target on October 8, 2026. Adaro stock costs EUR 0.12 on October 15, 2026.

What changed for valuation

BRI Danareksa set an IDR 3,300 target on October 8, 2026.
First-half revenue rose 16.5 percent to USD 999 million in 2026.
Adaro stock trades at EUR 0.12 at 11:48 a.m. CEST at Lang & Schwarz on October 15, 2026.
The next earnings report is scheduled for November 3, 2026.

Adaro, ID1000111305, Illustration mit AI erstellt.

Adaro stock (ISIN ID1000111305) was trading at EUR 0.12 at Lang & Schwarz on October 15, 2026 at 11:48 a.m. CEST. BRI Danareksa Sekuritas had raised its target for the company to IDR 3,300 on October 8, 2026, according to Investortrust.id.

Target reflects coal assumptions

The target revision followed higher assumptions for premium hard coking coal. BRI Danareksa set its 2026 assumption at USD 230 per ton, up from USD 170 per ton, while its 2027 and 2028 assumptions were USD 220 and USD 200 per ton, respectively, Investortrust.id reported on October 8, 2026.

The same research projected ADRO's 2026 net income at IDR 600 billion and its 2026 revenue at IDR 2.39 trillion. It also forecast 2026 sales of 6 million tons for subsidiary Alamtri Minerals Indonesia, below management's 6.3 million ton target.

What does the half-year show?

Operational momentum was visible in the latest reported period. In the first half of 2026, revenue rose 16.5 percent year over year to USD 999 million, earnings before interest, taxes, depreciation and amortization increased 56.8 percent to USD 491 million, and net income climbed 76.9 percent to USD 309 million, according to DailyFX.ID on September 27, 2026.

Three dated stock events

On September 25, 2026, ADRO closed at IDR 2,600 after a 1.5 percent rise, according to DailyFX.ID. On October 8, 2026, BRI Danareksa raised its target to IDR 3,300, as reported by Investortrust.id. On October 15, 2026, the Lang & Schwarz quote stood at EUR 0.12 during trading.

Which dates come next?

Investing.com lists November 3, 2026 as the next earnings date for Alamtri Resources Indonesia. The company describes its business as covering metallurgical coal, mineral processing, mining services and renewable energy activities on its investor website, AlamTri.

Stock valuation and trading view

Investing.com identifies the Jakarta Stock Exchange as the primary market, with ADRO as the ticker. Its October 14, 2026 figures show an IDR 73.8 trillion market capitalization and an IDR 1,650.00 to IDR 2,860.00 52-week range. Adaro's diversification into aluminum adds a second operating theme beside coal, while logistics and coking coal prices remain central to the analyst case.

Adaro stock was trading at EUR 0.12 at Lang & Schwarz on October 15, 2026 at 11:48 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Adaro stock.