Henan Putihrai set an IDR 2,590 target for Petrindo Jaya Kreasi stock

Published on 10/08/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 736.10 million in first-half 2026, up 59.28 percent year over year. Petrindo Jaya Kreasi stock fell 6.55 percent as IHSG lost 0.80 percent.

Petrindo Jaya Kreasi, ID1000187206, Illustration mit AI erstellt.

Petrindo Jaya Kreasi (ID1000187206) had an IDR 2,590 target listed by Henan Putihrai in a research report dated October 6, 2026, according to the company's investor information page. The target gives investors a concrete benchmark as the Indonesian energy group trades through a sharp market reset.

Revenue rises in first half

Pluang reported that Petrindo Jaya Kreasi generated USD 736.10 million of revenue in the first half of 2026, up 59.28 percent from the first half of 2025. Net income reached USD 19.78 million, compared with USD 1.94 million in the year-earlier period.

The earnings comparison is striking in percentage terms, but the net margin was about 2.69 percent based on those reported figures. Gross profit rose to USD 101.63 million from USD 47.93 million, while operating profit increased to USD 68.49 million from USD 41.08 million in the same reporting periods.

Stock move sharpens the benchmark

Kompas reported that Petrindo Jaya Kreasi stock fell 6.55 percent during the October 8, 2026, session as the Jakarta Composite Index declined 0.80 percent. The company was among several Barito-linked stocks under pressure in that market report.

Finance quote data placed the stock at IDR 765.00, down IDR 75.00 from IDR 840.00, with 515,821,600 shares traded on October 8, 2026. Its quoted 52-week range was IDR 464.00 to IDR 2,890.00, leaving the latest level materially below the yearly high while remaining above the low.

Target and balance sheet context

The Henan Putihrai target of IDR 2,590.00 is more than three times the finance quote of IDR 765.00, but the two figures serve different purposes: one is an analyst valuation benchmark and the other is a market quotation. The target therefore cannot be read as a realized value or a guaranteed outcome.

Petrindo Jaya Kreasi's investor page lists financial statements for June 30, 2026, alongside its 2025 financial summary. The 2025 summary shows USD 1.22 billion of revenue, USD 152.00 million of net income and a 20 percent operating margin, while the first-half 2026 figures provide the more recent operating reference.

IDX listing and trading context

Global Banking and Finance identifies Petrindo Jaya Kreasi as CUAN.JK on the Indonesia Stock Exchange and assigns ISIN ID1000187206 to the company. The same listing context places the business in the energy sector, which makes coal, power and mining exposure central to how the stock is assessed.

For investors, the key tension is visible in the numbers: first-half revenue grew 59.28 percent year over year, while the stock's October 8 session showed a 6.55 percent decline. The IDR 2,590 target and the IDR 765.00 market quote now define a wide valuation gap that future operating updates will have to address.