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

Published on 10/20/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa raises its 2026 profit forecast to IDR 5.4 trillion. Bukit Asam stock trades at EUR 0.15 on October 20, 2026 with IDR 34.9 trillion value.

Analyst target and earnings

First-half net income reached IDR 2.65 trillion on October 5, 2026.
BRI Danareksa forecast fiscal-year 2026 net income of IDR 5.4 trillion on October 15, 2026.
Bukit Asam stock trades at EUR 0.15 at 10:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
Next earnings are scheduled for November 4, 2026.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam stock (ISIN ID1000094006) was trading at EUR 0.15 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST. The latest analyst update came from BRI Danareksa Sekuritas on October 15, 2026, which kept its Buy rating and raised its target to IDR 3,480, according to BRIGHTS.

Profit recovery supports the target

PT Bukit Asam reported net income of IDR 2.65 trillion for the first half of 2026, compared with IDR 0.83 trillion in the first half of 2025. Revenue reached IDR 22.03 trillion, up from IDR 20.46 trillion, while coal sales totaled 21.10 million tons, according to CNBC Indonesia on October 5, 2026.

BRI Danareksa projected fiscal-year 2026 coal sales of 48.1 million tons, below management's 49.5 million-ton expectation. Its forecast put fiscal-year 2026 net income at IDR 5.4 trillion and guided capital spending at IDR 3.6 trillion, while a delayed Kramasan unloading terminal remained a constraint, BRIGHTS reported.

What does production mean for cash flow?

The operational upside depends on higher second-half output. Bukit Asam had produced 19.45 million tons in the first half of 2026 and was targeting 50 million tons for the full year, CNBC Indonesia reported on October 8, 2026. A separate October 13 report cited a 53 million-ton approved 2026 production quota, compared with a 49.6 million-ton analyst assumption, while higher working capital needs and PLN receivables were identified as cash-flow risks by Kontan.

Three recent milestones

On October 5, 2026, first-half net income was reported at IDR 2.65 trillion; on October 13, 2026, the approved production quota was reported at 53 million tons; on October 15, 2026, BRI Danareksa set its higher IDR 3,480 target.

Next reporting date

The next earnings date is November 4, 2026, according to Investing.com.

Stock trades at EUR 0.15

On the IDX, Bukit Asam was last quoted at IDR 3,030 on October 20, 2026 at 3:33 p.m. WIB. The company had a market capitalization of IDR 34.9 trillion on that date. Bukit Asam stock was trading at EUR 0.15 at Lang & Schwarz on October 20, 2026 at 10:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Bukit Asam stock.