Chandra Asri stock falls 1.73 percent as profit drops
Published on 10/04/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Chandra Asri stock closed at IDR 1,700 on the Indonesia Stock Exchange on October 2, 2026, down 1.73 percent from the previous close of IDR 1,735. The immediate company catalyst is the CA-EDC project, which reached 80 percent completion in September 2026.
CA-EDC reaches 80 percent
According to Bisnis.com on September 29, 2026, the facility being developed through subsidiary Chandra Asri Alkali had entered the main-equipment installation phase. The project has an investment value of more than USD 800 million and is targeted to start operations in 2027.
Once operational, the facility is designed to produce up to 827,000 tons of liquid caustic soda and 500,000 tons of ethylene dichloride each year. Kontan reported on September 29, 2026, that Mirae Asset Sekuritas analyst Nafan Aji Gusta viewed the project as a potential growth catalyst, while stressing that utilization, product prices and raw-material costs will determine its eventual earnings impact.
Revenue rises while profit falls
The latest reported operating picture is mixed. Databoks reported that first-half 2026 revenue reached USD 5.35 billion, up 83.59 percent year over year. Profit attributable to owners of the parent entity fell 77.53 percent to USD 283.24 million from USD 1.26 billion in the first half of 2025.
The contrast matters for the project story: Chandra Asri is expanding capacity while current profitability is under pressure relative to the prior-year period. The CA-EDC buildout could broaden the product base, but the construction milestone does not yet represent operating revenue or cash flow.
Stock remains near yearly low
Chandra Asri stock traded within an IDR 1,690 to IDR 1,745 daily range on October 2, 2026, with volume of 69,400,000 shares. Its 52-week range was IDR 1,205 to IDR 8,500, while market capitalization stood at IDR 147.0 trillion.
Execution is the next checkpoint
The market is weighing a large industrial investment against a sharp year-over-year profit decline. The next decisive evidence will be the project's targeted 2027 start-up and the subsequent utilization rate, alongside whether revenue growth translates into stronger margins and cash generation.
Chandra Asri stock snapshot
- Company: PT Chandra Asri Pacific Tbk
- Ticker: TPIA
- Trading venue: Indonesia Stock Exchange (IDX)
- Price: IDR 1,700, closing price October 2, 2026
- Market capitalization: IDR 147.0 trillion as of October 2, 2026
- 52-week range: IDR 1,205-8,500 as of October 2, 2026
- Sector / Industry: Materials / Chemicals
