Ciptadana sets IDR 3,360 target for Bukit Asam stock

Published on 10/22/2026 at 09:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit hit IDR 2.65 trillion, up 218 percent year over year. Bukit Asam stock costs EUR 0.16 on October 22, 2026 beside IDR 3,160 on IDX.

Analyst view and operating results

Ciptadana set a target range ending at IDR 3,360 on October 22, 2026.
First-half net profit reached IDR 2.65 trillion, up 218 percent year over year.
Bukit Asam stock traded at EUR 0.16 at 9:16 a.m. CEST at Lang & Schwarz on October 22, 2026.

Bukit Asam, ID1000094006, Illustration mit AI erstellt.

Bukit Asam (ID1000094006) was quoted at EUR 0.16 at Lang & Schwarz on October 22, 2026, while Ciptadana set a target range of IDR 3,270 to IDR 3,360 for the stock in a report covered by Bareksa on October 22, 2026. The recommendation placed PTBA among the report's quick-trade selections.

October targets reset the focus

The latest target range sits above the IDX quote of IDR 3,160 at 2:17 p.m. WIB on October 22, 2026. That comparison uses different currency systems from the euro reference quote, so the figures are not combined into one return calculation.

The target follows a more constructive earnings view from BRI Danareksa Sekuritas. In research dated October 15, 2026, the house kept a Buy rating and raised its target to IDR 3,480, while forecasting fiscal year 2026 sales of 48.1 million tons, below management's 49.5 million-ton target, according to BRIGHTS.

What does the target imply?

The operating picture is improving, but logistics remain central. BRI Danareksa identified delays at the Kramasan unloading terminal as a constraint on fiscal year 2026 deliveries, while mine-mouth sales and additional rail capacity could support later volume growth.

Three dates frame the story

On October 5, 2026, CNBC Indonesia reported first-half net profit of IDR 2.65 trillion, up 218 percent year over year, with revenue of IDR 22.03 trillion, up 8 percent. On October 15, 2026, BRI Danareksa's research raised its target to IDR 3,480 and projected a 10 percent dividend yield. On October 22, 2026, Ciptadana's recommendation cited an IDR 3,270 to IDR 3,360 target range and an IDR 2,860 stop level through Bareksa.

The stock at Lang and Schwarz

The company combines coal extraction with processing, transport and power-related operations. Its first-half production reached 19.45 million tons and sales reached 21.10 million tons, according to CNBC Indonesia. The next market question is whether logistics improvements can convert the stronger earnings base into the volume growth embedded in the analyst targets.

Bukit Asam was trading at EUR 0.16 at Lang & Schwarz on October 22, 2026 at 9:16 a.m. CEST.

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