BRI Danareksa lifts Bukit Asam stock target to IDR 3,480

Published on 10/16/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PTBA revenue is projected at IDR 50.30 trillion for 2026. Bukit Asam stock costs EUR 0.14 on October 16, 2026 at 3:07 p.m. CEST.

Target, earnings and valuation

BRI Danareksa raised its PTBA target to IDR 3,480 on October 15, 2026.
PTBA's 2026 revenue projection rose to IDR 50.30 trillion.
Bukit Asam stock costs EUR 0.14 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST.
BRI Danareksa estimated a 10.00 percent dividend yield for PTBA.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam stock is priced at EUR 0.14 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST, while BRI Danareksa lifted its PTBA target to IDR 3,480 on October 15, 2026. The target is 24.29 percent above PTBA's IDR 2,800 home-market price on October 16, 2026.

Target rises as earnings estimates improve

According to Kompas.com, BRI Danareksa raised its PTBA target to IDR 3,480 and projected 2026 net income of IDR 5.40 trillion. The research house also estimated 2026 coal sales at 48.10 million tons, below management's 49.50 million ton target.

InvestorTrust reported on October 16, 2026 that the revenue projection for 2026 was raised to IDR 50.30 trillion from IDR 37.94 trillion, while projected net income rose to IDR 4.41 trillion from IDR 3.49 trillion. These are estimates, not reported results.

Price position and trading range

The home-market quote stood at IDR 2,800 on October 16, 2026 at 4:14 p.m. WIB, down 12.77 percent from the previous session. The 52-week range was IDR 2,170.00 to IDR 3,490.00, placing the quote 19.01 percent above the low and 19.77 percent below the high.

Trading volume reached 138,060,600 shares against an average of 31,814,419 shares. The move came with volume 333.93 percent above the average, giving the session a clear market footprint.

Valuation and operating risks

PTBA carried a market capitalization of IDR 32.2 trillion, a trailing P/E ratio of 6.79 and a dividend yield of 0.04 percent in the structured market snapshot. The higher dividend estimate in the analyst research is therefore a forward projection rather than the trailing yield.

Production remains the operational counterweight. Kontan reported on October 13, 2026 that approved 2026 production capacity was 53.00 million tons, above the 49.60 million ton production assumption. The report also cited higher working-capital needs and receivables from PLN as cash-flow risks.

Comparison with peers

Bukit Asam (IDX, IDR): minus 12.77 percent, P/E 6.79, market capitalization IDR 32.2 trillion.

Alamtri Resources Indonesia (IDX, IDR): minus 10.16 percent, P/E 6.07, market capitalization IDR 63.6 trillion.

Indo Tambangraya Megah (IDX, IDR): minus 9.09 percent, P/E 6.96, market capitalization IDR 25.6 trillion.

EUR price in German trading

Bukit Asam stock was trading at EUR 0.14 at Lang & Schwarz on October 16, 2026 at 3:07 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bukit Asam stock.