Hartadinata Abadi buys 5 million shares. Kiwoom sets IDR 2,900 for Hartadinata Abadi stock

Published on 10/20/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Controller ownership rose to 71.16 percent on October 20, 2026. October 29 results are next for Hartadinata Abadi stock, with revenue guidance at 45-60 percent.

Ownership and earnings timeline

PT Terang Anugrah Abadi bought 5 million shares on October 20, 2026.
Revenue guidance remains 45-60 percent for 2026, while gross margin was 3.69 percent in the first half.
Hartadinata Abadi stock was last at IDR 1,595 on October 20, 2026 at the Jakarta Stock Exchange.
Kiwoom set a 12-month target of IDR 2,900 on October 12, 2026.

Hartadinata Abadi, ID1000139405, Illustration mit AI erstellt.

Hartadinata Abadi (ID1000139405) saw its controlling shareholder buy 5 million shares in transactions disclosed on October 20, 2026. BCA Sekuritas reported that PT Terang Anugrah Abadi increased its direct holding from 71.05 percent to 71.16 percent through purchases on October 16 and October 19.

Ownership rises in October

The filing gives the buying a clear two-step structure. The shareholder purchased 4.35 million shares at IDR 1,615 on October 16 and another 650,000 shares at IDR 1,505 on October 19, taking total investment to IDR 8.003 billion, according to BCA Sekuritas.

What does the growth plan require?

Management kept its 2026 revenue growth guidance at 45 percent to 60 percent and net income growth guidance at 30 percent to 45 percent. Kontan reported the guidance on September 21, 2026.

The operating picture combines rapid expansion with thinner profitability. Kiwoom Sekuritas Indonesia said wholesale revenue expanded 149 percent year over year and represented 89.33 percent of total revenue, while gross margin declined to 3.69 percent in the first half of 2026. Kiwoom kept a Buy recommendation and set a 12-month target of IDR 2,900 on October 12, 2026.

Three dated signals for investors

On September 21, 2026, Hartadinata Abadi maintained its 45 percent to 60 percent revenue guidance. On October 16, 2026, the company disclosed the first 4.35 million-share purchase. On October 20, 2026, the controlling shareholder reported 5 million shares bought in total, according to BCA Sekuritas.

October 29 results are next

The next earnings report is scheduled for October 29, 2026, according to Investing.com. That release will test whether the strong first-half growth can coexist with the margin pressure identified by Kiwoom.

Jakarta quote and valuation context

Hartadinata Abadi was last at IDR 1,595 on October 20, 2026 at 4:12 p.m. WIB on the Jakarta Stock Exchange. Its market capitalization was IDR 7.3 trillion, while the 52-week range was IDR 1,140 to IDR 3,440 as of October 20, 2026. Investing.com identifies the company as HRTA and lists it on the Jakarta Stock Exchange.