Ciptadana sets IDR 620 target for ESSA Industries Indonesia stock
Published on 10/13/2026 at 09:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Ciptadana set an IDR 620 target for ESSA on October 13, 2026, with an IDR 585 entry level.
- ESSA reported H1 2026 revenue of USD 186.5 million, up 34.8 percent year over year.
- Net profit attributable to owners reached USD 30.2 million, up 100.0 percent year over year.
- The company completed planned maintenance and retained a focus on LPG and ammonia operations.
Ciptadana Sekuritas Asia set an IDR 620 target for ESSA Industries Indonesia on October 13, 2026, with an IDR 585 entry level and an IDR 560 stop level, according to Bareksa. The analysis described ESSA as consolidating between IDR 580 and IDR 600 after a prolonged decline.
Three dates and figures
On June 22, 2026, ESSA announced a dividend of IDR 52 per share for fiscal year 2025, according to ESSA. On July 28, 2026, the company reported H1 2026 revenue of USD 186.5 million, up 34.8 percent year over year, while net profit attributable to owners reached USD 30.2 million, up 100.0 percent. The October 13, 2026 analyst note supplied the latest figure, an IDR 620 target.
What does the profit jump mean?
The first-half result gives the target discussion an operating reference. ESSA's H1 2026 revenue reached USD 186.5 million, compared with USD 138.0 million in H1 2025, while net profit attributable to owners doubled from USD 15.1 million to USD 30.2 million, according to ESSA. Total assets stood at USD 693.3 million on June 30, 2026, up 56.8 percent year over year.
The company operates across LPG processing, ammonia production and related energy activities. Its investor materials also list the completion of major planned maintenance in July 2026, a relevant operational milestone for the first-half figures. The same disclosures show H1 2026 total equity of USD 554.2 million, up 1.1 percent year over year.
Target rests above the entry level
The IDR 620 target is IDR 35 above the IDR 585 entry level cited by Ciptadana, an increase of 5.98 percent calculated against the entry level. The IDR 560 stop level sits IDR 25 below that entry level, defining the technical framework of the published setup rather than a company forecast.
ESSA shares are listed on the Indonesia Stock Exchange under the ticker ESSA. The company had 17.23 billion total shares according to its investor-relations information, while its market capitalization was IDR 9.9 trillion on October 13, 2026.
ESSA Industries Indonesia at a glance
- Company: PT ESSA Industries Indonesia Tbk
- Ticker: ESSA
- Primary exchange: Indonesia Stock Exchange
- Market capitalization: IDR 9.9 trillion as of October 13, 2026
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
- H1 2026 revenue: USD 186.5 million
- H1 2026 net profit attributable to owners: USD 30.2 million
- Last dividend: IDR 52 per share for fiscal year 2025
