Japfa Comfeed sold Vaksindo. KAF targets Japfa Comfeed Indonesia stock at IDR 2,340
Published on 10/09/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Japfa Comfeed Indonesia sold 100 percent of Vaksindo for IDR 1.80 trillion on September 29, 2026.
- KAF Research rated JPFA Buy and set a target of IDR 2,340 on October 2, 2026.
- JPFA traded at IDR 2,040 on October 9, 2026, versus an IDR 2,000 prior close.
- Second-quarter 2026 revenue was IDR 17.64 trillion and net income was IDR 659.01 billion.
Japfa Comfeed Indonesia (ID1000126907) sold 100 percent of Vaksindo for IDR 1.80 trillion on September 29, 2026. According to KAF Sekuritas on October 2, 2026, KAF Research rated JPFA Buy and set a target of IDR 2,340.
Three dates define the transaction
On September 29, 2026, JPFA and Ciomas Adisatwa signed the sale agreement covering 31,000 Vaksindo shares, equal to 100 percent of the company. Kontan reported on October 1, 2026 that Japfa Pte. Ltd. and Bionovus Pte. Ltd. were the buyers.
On October 1, 2026, the transaction value was reported at IDR 1.80 trillion, equal to 8.47 percent of consolidated equity as of June 2026. On October 2, 2026, KAF Research published its JPFA target of IDR 2,340 and a dividend yield estimate of 6.90 percent.
What does the sale change?
The divestment shifts capital toward Japfa's core businesses, including animal feed, poultry breeding, farming and processed food. The company also transferred the Vaksindo, Vaksimune and Vitakur trademarks, while commercial supply links with Vaksindo continue under substantially similar terms, according to Kontan's October 1, 2026 report.
The balance-sheet effect comes with a trade-off. KAF Sekuritas reported that second-quarter 2026 net income fell 64.00 percent from the first quarter to IDR 659.00 billion, even as first-half 2026 revenue reached IDR 35.36 trillion, up 28.70 percent year over year, and attributable net income reached IDR 2.48 trillion, up 100.20 percent.
Price and operating numbers
Japfa Comfeed Indonesia generated second-quarter 2026 revenue of IDR 17.64 trillion and net income of IDR 659.01 billion. The quarter also showed the importance of poultry pricing, because the first-quarter 2026 net income was IDR 1.82 trillion, making the sequential decline IDR 1.16 trillion.
On October 9, 2026, JPFA traded at IDR 2,040.00 on the Indonesia Stock Exchange, up 2.00 percent from the IDR 2,000.00 prior close. The 52-week range was IDR 1,750.00 to IDR 2,970.00, while market capitalization stood at IDR 23.7 trillion.
Stock context after the sale
The transaction gives Japfa more capital flexibility, but the operating picture remains tied to livebird and day-old-chick prices, as well as corn and soybean meal costs. KAF Sekuritas also identified excess poultry supply and higher domestic corn prices as risks in its October 2, 2026 analysis.
For the stock, the key comparison is between the IDR 2,340 KAF target and the IDR 2,040 market price on October 9, 2026. That target is an analyst view, while the divestment's financial effect will depend on whether the proceeds reduce debt, fund core capital expenditure or support shareholder distributions.
Japfa Comfeed Indonesia stock was trading at IDR 2,040.00 on the Indonesia Stock Exchange on October 9, 2026 at 4:13 p.m. WIB, versus an IDR 2,000.00 prior close. The further course of trading is shown by the continuously updated real-time quote of Japfa Comfeed Indonesia stock.
Japfa Comfeed Indonesia stock facts
- Company: PT Japfa Comfeed Indonesia Tbk
- ISIN: ID1000126907
- Ticker: JPFA
- Primary exchange: Indonesia Stock Exchange
- Price on October 9, 2026: IDR 2,040.00
- Change versus prior close: plus 2.00 percent
- Prior close: IDR 2,000.00
- Market capitalization: IDR 23.7 trillion as of October 9, 2026
- 52-week range: IDR 1,750.00-2,970.00 as of October 9, 2026
- Sector / Industry: Process Industries / Agricultural Commodities and Milling
- Index membership: LQ45
Market context: Market report IDX Composite.
