BRI Danareksa raised target for Adaro stock to IDR 3,300
Published on 10/14/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget revision and operating figures
- BRI Danareksa set an IDR 3,300 target on October 8, 2026.
- Second-quarter 2026 revenue reached USD 528.34 million and earnings reached USD 181.23 million.
- Adaro stock stood at EUR 0.13 at 1:17 p.m. CEST at Lang & Schwarz on October 14, 2026.
BRI Danareksa had raised its target for Adaro stock to IDR 3,300 on October 8, 2026, while keeping its Buy recommendation, Investortrust reported. The research linked the revision to higher assumptions for premium hard coking coal, but also flagged logistics risks for the group's minerals subsidiary.
Target rests on coking coal
BRI Danareksa lifted its premium hard coking coal assumption for 2026 to USD 230.00 per ton from USD 170.00 per ton, according to Investortrust. The same research put the 2027 assumption at USD 220.00 per ton and the 2028 assumption at USD 200.00 per ton, compared with USD 170.00 per ton previously for each year.
The target case therefore depends on commodity pricing as well as execution. BRI Danareksa projected ADMR 2026 sales of 6.00 million tons, below management's initial target of 6.30 million tons, with logistics conditions expected to influence fourth-quarter shipments.
What supports the valuation?
The latest reported quarterly figures show USD 528.34 million of revenue and USD 181.23 million of earnings for the second quarter of 2026, as listed by Yahoo Finance. The figures matter because Alamtri is moving beyond its former identity as PT Adaro Energy Indonesia Tbk toward a portfolio spanning coal, minerals, metal processing and renewable energy, a business description provided on Alamtri's website.
For investors, the key tension is visible in the operating assumptions: the 6.00 million-ton sales forecast is below the 6.30 million-ton initial target, while the higher coal-price assumptions support the IDR 3,300 valuation case. The next scheduled earnings date is October 27, 2026, according to InvestPane.
Euro quote stays near EUR 0.13
Adaro stock was trading at EUR 0.13 at Lang & Schwarz on October 14, 2026, at 1:17 p.m. CEST. The Lang & Schwarz quote showed a EUR 0.12 bid and a EUR 0.13 ask. On the IDX, the stock was last shown at IDR 2,510.00 at 11:14 a.m. CEST on October 14, 2026, placing it 12.24 percent below the IDR 2,860.00 52-week high.
The further course of trading is shown by the continuously updated real-time quote of Adaro stock.
Adaro stock facts
- Company: PT Alamtri Resources Indonesia Tbk, formerly PT Adaro Energy Indonesia Tbk
- ISIN: ID1000111305
- Ticker: ADRO.JK
- Primary exchange: Indonesia Stock Exchange
- Price Lang & Schwarz as of October 14, 2026, 1:17 p.m. CEST: EUR 0.13
- Market capitalization: IDR 72.3 trillion as of October 14, 2026
- 52-week range: IDR 1,650.00-2,860.00 as of October 14, 2026
- Sector / Industry: Energy / Thermal Coal
- Next earnings date: October 27, 2026
Market context: Market report IDX Composite.
