Japfa Comfeed Indonesia stock sits 26.07 percent below KAF target

Published on 10/21/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KAF set an IDR 2,340 target on October 2, 2026. First-half revenue reached IDR 35.36 trillion, up 28.70 percent for Japfa Comfeed Indonesia stock.

Japfa's earnings and valuation

The Vaksindo transaction was valued at IDR 1.8 trillion on September 29, 2026.
First-half 2026 revenue increased 28.70 percent to IDR 35.36 trillion.
Japfa Comfeed Indonesia stock stood at IDR 1,730 on October 21, 2026, while market capitalization was IDR 20.2 trillion.
KAF Sekuritas set an IDR 2,340 target on October 2, 2026.

Japfa Comfeed Indonesia, ID1000126907, Illustration mit AI erstellt.

Japfa Comfeed Indonesia (ID1000126907) stood at IDR 1,730 on the IDX on October 21, 2026, while KAF Sekuritas had set an IDR 2,340 target on October 2, 2026. The company also reported first-half 2026 revenue of IDR 35.36 trillion, up 28.70 percent from the prior-year period, giving investors two clear reference points for the stock's valuation.

The latest corporate milestone was the sale of 31,000 Vaksindo shares for IDR 1.8 trillion. Tirto reported on October 1, 2026, citing the company's September 30 disclosure about the September 29 transaction.

Three milestones shape the stock

On September 29, 2026, Japfa completed the Vaksindo transaction at IDR 1.8 trillion. On October 2, 2026, KAF Sekuritas assigned a BUY rating and an IDR 2,340 fundamental target. On October 21, 2026, Japfa Comfeed Indonesia stock stood at IDR 1,730 on the IDX.

What does the target imply?

At IDR 1,730, the stock was 26.07 percent below KAF's IDR 2,340 target. KAF also reported first-half net income attributable to owners of IDR 2.48 trillion, an increase of 100.20 percent year on year, while second-quarter profit fell 64.00 percent quarter on quarter to IDR 659.00 billion as chicken prices normalized.

A separate October 6, 2026 note from UOB Kay Hian retained a BUY rating and an IDR 2,900 target. The research cited full utilization at Japfa's Cikupa complex, new plants in Boyolali and Wonoayu, and a mega slaughterhouse planned in Nganjuk by the end of 2026.

Price and valuation context

The IDX quote placed Japfa's 52-week range at IDR 1,605 to IDR 2,970 on October 21, 2026. Its market capitalization was IDR 20.2 trillion, and trading volume reached 19,369,400 shares. The 52-week range puts the latest price IDR 125 above the low and IDR 1,240 below the high.

For investors, the central tension is the contrast between rapid first-half growth and weaker second-quarter momentum. The Vaksindo proceeds are intended to support liquidity and capital expenditure, while the poultry cycle remains important for future earnings.

Latest market view

The latest available IDX quote for Japfa Comfeed Indonesia was IDR 1,730 on October 21, 2026 at 3:31 p.m. WIB. The stock's valuation therefore remains below the dated targets from KAF Sekuritas and UOB Kay Hian, while the reported first-half figures provide the operating context.