Chandra Asri stock targets more than 1,000 jobs by 2028

Published on 10/08/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chandra Asri plans more than 1,000 Indonesian jobs by 2028, tied to regional expansion and the CA-EDC project. H1 revenue rose 83.59 percent, while profit fell 77.53 percent.

Chandra Asri, ID1000090301, Illustration mit AI erstellt.

Chandra Asri stock was trading at IDR 1,680 on IDX on October 8, 2026 at 2:29 p.m. WIB, down 2.61 percent from the prior close. The company is preparing more than 1,000 jobs in Indonesia through 2028 as its regional expansion moves into another phase.

Expansion adds more than 1,000 jobs

According to Okezone on October 7, 2026, Chandra Asri Group will open more than 1,000 positions gradually through 2028. The roles cover technical, operational, digital, finance, commercial and support functions across Indonesia and the region.

The hiring plan is tied to three business pillars: Energy and Chemicals, Integrated Infrastructure and Mobility Solutions. The CA-EDC facility in Cilegon is being prepared for operations, while the group's shared-service center supports regional activity linked to Singapore and Malaysia.

Revenue grows as profit contracts

The expansion story sits beside a sharply mixed H1 2026 financial picture. Katadata reported that revenue rose 83.59 percent year over year to USD 5.35 billion in the first half of 2026. Net profit attributable to the parent fell 77.53 percent to USD 283.24 million from USD 1.26 billion in H1 2025.

Raw materials and production costs reached USD 4.46 billion in H1 2026, up 54.16 percent year over year, according to Katadata. For investors, the contrast between higher sales and lower profit puts project execution and cost control alongside capacity growth.

Stock trades below its yearly high

Chandra Asri's market capitalization stood at IDR 145.3 trillion on October 8, 2026, while volume reached 87,494,800 shares. The 52-week range was IDR 1,205 to IDR 8,500, placing the intraday price well above the yearly low but below the high.

The business is therefore being judged on two different timelines. The October 7 hiring announcement points to longer-term capacity and regional infrastructure development, while the H1 figures show that revenue growth has not yet translated into comparable profit growth.

Chandra Asri stock remains tied to execution

Chandra Asri stock was last at IDR 1,680 on IDX on October 8, 2026 at 2:29 p.m. WIB. The key market question is whether the CA-EDC buildout and broader expansion can improve earnings quality as the group adds capacity and employees.