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

Published on 10/16/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRI Danareksa lifted its target to IDR 3,480 on October 16, 2026. Bukit Asam stock was EUR 0.14 at Lang & Schwarz, with IDR 4.41 trillion forecast profit.

Targets and operating capacity

BRI Danareksa raised its Bukit Asam target to IDR 3,480 on October 16, 2026.
Projected 2026 coal sales of 48.1 million tons remain below the 49.5 million ton management target.
Bukit Asam stock traded at EUR 0.14 at 10:44 a.m. CEST at Lang & Schwarz on October 16, 2026.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam (ISIN ID1000094006) was trading at EUR 0.14 at Lang & Schwarz on October 16, 2026 at 10:44 a.m. CEST. Investortrust.id reported that BRI Danareksa Sekuritas raised its Bukit Asam target from IDR 3,200 to IDR 3,480 on October 16, 2026. The research ties the revision to higher coal price assumptions and a projected 2026 net profit of IDR 4.41 trillion.

Higher target meets a capacity constraint

The revised estimate also lifts projected 2026 revenue from IDR 37.94 trillion to IDR 50.30 trillion, while projected coal sales rise from 46.3 million tons to 48.1 million tons. The figures are forecasts, not reported results, and Investor.id said the 2027 profit outlook still includes an 18 percent year-over-year decline from coal-price and margin normalization.

For investors, the operating comparison is the key counterweight. The 48.1 million ton 2026 sales estimate is 1.4 million tons below management's 49.5 million ton target, with delayed Kramasan terminal development limiting transport capacity. The same report projects sales of 51.0 million tons in 2027 and 54.1 million tons in 2028.

What changed during October?

On October 10, 2026, IDX Channel reported that Bukit Asam allocated IDR 33.04 billion to third-quarter exploration and completed drilling at 76 locations over 19,283 meters. On October 13, 2026, Kontan reported that the approved 2026 production quota was about 53.0 million tons, above an analyst estimate of 49.6 million tons. The current target revision followed on October 16, 2026.

When is the next reporting date?

Bukit Asam's next earnings date is listed as November 4, 2026. The upcoming report will help test whether the higher coal-price assumptions and transport plans can support the forecast revenue and profit figures.

Price and investor perspective

The primary-market quote was IDR 2,800 at 3:40 p.m. WIB on October 16, 2026, while market capitalization stood at IDR 32.2 trillion at that timestamp. The valuation case therefore rests on stronger projected coal pricing and higher future shipments, while the Kramasan delay remains a concrete execution issue.

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