Indo Premier cuts target for Indofood CBP stock to IDR 10,800

Published on 10/09/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 11.32 percent to IDR 41.86 trillion in first-half 2026. Indofood CBP stock costs EUR 0.35 on October 9, 2026 versus EUR 0.34.

Key points in brief

Indo Premier lowered its Indofood CBP target to IDR 10,800 while keeping a buy recommendation on October 7, 2026.
First-half 2026 revenue rose 11.32 percent to IDR 41.86 trillion, but net income fell 33.09 percent to IDR 3.70 trillion.
Indofood CBP stock was trading at EUR 0.35 at Lang & Schwarz on October 9, 2026, up 2.94 percent versus EUR 0.34.
The Jakarta-listed consumer staples company faces margin pressure from currency losses and higher input costs.

Indofood CBP, ID1000116700, Illustration mit AI erstellt.

Indofood CBP (ID1000116700) was trading at EUR 0.35 at Lang & Schwarz on October 9, 2026 at 11:09 a.m. CEST, up 2.94 percent versus the prior close of EUR 0.34. On October 7, 2026, Indo Premier maintained its buy recommendation but lowered its target for Indofood CBP to IDR 10,800, according to Kontan. The key tension is visible in the latest half-year figures: sales expanded, while currency losses weakened earnings.

Sales grow while earnings weaken

In the first half of 2026, revenue rose 11.32 percent year over year to IDR 41.86 trillion, while net income fell 33.09 percent to IDR 3.70 trillion, according to Kontan on October 4, 2026. The company recorded a financing-related foreign-exchange loss of IDR 2.95 trillion, compared with IDR 227.29 billion in the same period of 2025.

The operating picture was less severe than the bottom line. According to Kontan on September 25, 2026, operating profit increased 8.00 percent year over year to IDR 9.20 trillion, but net profit margin narrowed to 8.80 percent from 14.70 percent in the first half of 2025.

What does the target cut mean?

The October 7 target change puts cost control at the center of the valuation debate. Kontan reported that Indo Premier expected 2026 EBIT margin to remain within the 20.00 percent to 22.00 percent guidance range, compared with 21.80 percent in the first half of 2026. The same report said international sales grew 21.90 percent year over year in that period.

The chronology shows how analysts have framed the stock. On September 15, 2026, Kiwoom Sekuritas set an IDR 7,300 target, according to Kontan. On September 25, 2026, MNC Sekuritas kept a hold recommendation with an IDR 7,500 target, according to Kontan. Indo Premier's IDR 10,800 target followed on October 7, 2026.

Upcoming reporting date

The next substantiated reporting date is October 29, 2026, when Indofood CBP is scheduled to publish its third-quarter 2026 results, according to Investing.com. That release will show whether volume growth can offset currency and input-cost pressure after the first-half earnings decline.

Stock trades higher in Germany

Indofood CBP stock was trading at EUR 0.35 at Lang & Schwarz on October 9, 2026 at 11:09 a.m. CEST, compared with a prior close of EUR 0.34 and a daily gain of 2.94 percent. On the Jakarta Stock Exchange, the finance quote showed IDR 6,950 on October 9, 2026, versus IDR 6,775 previously; the primary-exchange 52-week range was IDR 5,925 to IDR 9,550.

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