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

Published on 10/21/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bukit Asam stock costs EUR 0.16 on October 21, 2026 with an IDR 3,480 target. First-half revenue reached IDR 22.03 trillion.

Target revision and earnings context

BRI Danareksa raised its Bukit Asam target to IDR 3,480 on October 15, 2026.
First-half 2026 revenue reached IDR 22.03 trillion, while net profit rose to IDR 2.65 trillion.
Bukit Asam stock trades at EUR 0.16 at 9:37 a.m. CEST at Lang & Schwarz on October 21, 2026.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam stock is trading at EUR 0.16 at Lang & Schwarz on October 21, 2026, while BRI Danareksa has raised its target to IDR 3,480. The target revision dated October 15, 2026 reflects higher coal price assumptions and stronger earnings forecasts.

Target rises with earnings forecasts

According to Brights, BRI Danareksa raised its FY2026 and FY2027 earnings-per-share forecasts by 53.9 percent and 51.3 percent. The research report retained a Buy rating and set the target at IDR 3,480, alongside a projected 10 percent dividend yield.

The revision also points to a volume constraint. Brights reported projected 2026 coal sales of 48.1 million tons, below management's 49.5 million ton target, as delays at the Kramasan unloading terminal limit shipments.

What does the target revision imply?

The earnings case depends on both pricing and execution. BRI Danareksa raised its 2026 net profit forecast to IDR 5.4 trillion and its 2027 forecast to IDR 4.4 trillion, but projected an 18 percent year-over-year decline in 2027 as coal prices and margins normalize.

Three dated developments for Bukit Asam

On September 7, 2026, CNBC Indonesia reported first-half revenue of IDR 22.03 trillion and net profit of IDR 2.65 trillion. On October 8, 2026, the company targeted coal production of 50 million tons for the full year, while first-half production stood at 19.45 million tons, according to CNBC Indonesia. The October 15, 2026 target revision to IDR 3,480 was the latest of the three events.

Next reporting date

Investing.com lists November 4, 2026 as Bukit Asam's next earnings date. That report will test whether the higher coal-price assumptions are translating into the volume and margin profile behind the revised target.

Stock quote for German investors

Bukit Asam stock was trading at EUR 0.16 at Lang & Schwarz on October 21, 2026 at 9:37 a.m. CEST. The Jakarta-listed company therefore combines a small euro quotation with an analyst case centered on coal prices, shipment capacity and dividend income.

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