Bukit Asam stock: BRI Danareksa sets IDR 3,480 target for Bukit Asam stock

Published on 10/21/2026 at 15:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 net profit reached IDR 2.65 trillion, up 280 percent year over year. Bukit Asam stock stands at EUR 0.15 on October 21, 2026.

Analyst target and profit growth

BRI Danareksa set an IDR 3,480 target for Bukit Asam on October 15, 2026.
First-half 2026 net profit reached IDR 2.65 trillion, up 280 percent year over year.
Bukit Asam stock stood at EUR 0.15 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST.
The company reported IDR 22.03 trillion in first-half revenue and 21.10 million tons of coal sales.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

On October 15, 2026, BRI Danareksa set a higher target of IDR 3,480 for Bukit Asam stock in a research report from BRIGHTS. The target is 11.90 percent above the IDR 3,110 home-market price dated October 21, 2026. Bukit Asam was trading at EUR 0.15 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST.

Profit growth sets the tone

First-half 2026 net profit reached IDR 2.65 trillion, compared with IDR 0.83 trillion in the same period of 2025. That was a 280 percent year-over-year increase, according to CNBC Indonesia.

Revenue for the six months ended June 2026 was IDR 22.03 trillion, up 8 percent from IDR 20.46 trillion a year earlier. Earnings before interest, taxes, depreciation and amortization reached IDR 4.27 trillion, while the net profit margin was 12 percent.

Production remains the key test

Operational figures point to a volume challenge behind the stronger earnings. Bukit Asam produced 19.45 million tons of coal in the first half of 2026 and sold 21.10 million tons, including 10.77 million tons domestically and 10.33 million tons overseas. The company is targeting 50 million tons of production for full-year 2026, according to CNBC Indonesia.

What does the target imply?

The IDR 3,480 target leaves 11.90 percent upside from the IDR 3,110 Indonesia Stock Exchange price dated October 21, 2026. BRI Danareksa also projected a 10 percent dividend yield and maintained its Buy rating in the October 15 report. The same report projected 2026 sales of 48.10 million tons, below management's 49.50 million-ton target, while the research note identified delays at the Kramasan unloading terminal as a constraint.

Valuation and capital spending

BRI Danareksa put Bukit Asam's forward price-to-earnings ratio at 7.80 times and forecast 2027 net profit to fall 18 percent as coal prices and margins normalize. The firm also cited IDR 3.60 trillion of guided 2026 capital spending, with additional investment expected in 2027 and 2028. These figures were reported by Kompas.com.

Market position in numbers

On October 21, 2026, Bukit Asam's home-market range was IDR 2,220 to IDR 3,490, with 51,419,800 shares traded against an average volume of 36,151,266. Its market capitalization was IDR 35.8 trillion, and the stock's price-to-earnings ratio was 7.54 times.

Euro quote remains the reference point

Bukit Asam was trading at EUR 0.15 at Lang & Schwarz on October 21, 2026 at 3:01 p.m. CEST. The home-market quotation was last at IDR 3,110 on the Indonesia Stock Exchange on October 21, 2026 at 4:14 p.m. WIB.

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