Mirae Asset raises target for Indosat Ooredoo Hutchison stock to IDR 3,850

Published on 10/22/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirae Asset lifted its target from IDR 2,700 to IDR 3,850 on October 14, 2026. For Indosat Ooredoo Hutchison stock, execution risk remains material.

Strategic expansion and reporting dates

Mirae Asset raised its Indosat target to IDR 3,850 on October 14, 2026.
Second-quarter revenue reached IDR 15.0 trillion and net income IDR 2.82 trillion.
Indosat Ooredoo Hutchison stock traded at EUR 0.09 at 9:09 a.m. CEST at Lang & Schwarz on October 22, 2026.
Nine-month results are scheduled for October 28, 2026.

Indosat Ooredoo Hutchison, ID1000097405, Illustration mit AI erstellt.

Indosat Ooredoo Hutchison (ISIN ID1000097405) was trading at EUR 0.09 at Lang & Schwarz on October 22, 2026 at 9:09 a.m. CEST. The immediate catalyst was a higher analyst valuation for the Indonesian telecom group, while the operating picture also includes strong second-quarter earnings growth.

On October 14, 2026, Mirae Asset Sekuritas raised its target for Indosat from IDR 2,700 to IDR 3,850. The report used a sum-of-the-parts valuation and applied a 12.1 percent weighted average cost of capital to the core telecom business.

Three events reshape the story

Indosat extended CEO Vikram Sinha's tenure on September 29, 2026, and said its AI strategy would combine infrastructure, cloud, platforms and AI-powered solutions, according to Indosat. On October 9, 2026, the company and F5 launched an enterprise AI platform with access to more than 300 models and a target of 50 businesses at launch, the same release said. The October 14 target increase was the third event.

What does the target mean?

The valuation case rests on businesses beyond the core network. Mirae Asset projected that Zankore and Infra Fiber Teknologi could contribute IDR 1.2 trillion to IDR 2.5 trillion of net income during fiscal years 2027 and 2028, but it also identified project execution and slower AI demand as risks.

Indosat's second-quarter 2026 revenue was IDR 15.0 trillion, up 14 percent year over year, while net income reached IDR 2.82 trillion, up 175 percent, according to Simply Wall St. Earnings per share was IDR 87.37, compared with IDR 31.76 in the second quarter of 2025. That comparison gives the higher target a current earnings anchor, even though the new valuation depends heavily on projects still being developed.

Results date sets the next test

Indosat is scheduled to report nine-month 2026 results on October 28, 2026, according to Simply Wall St. The current IMPoin loyalty program runs through December 31, 2026, according to the company's October release. Those dates give investors two concrete checkpoints for judging whether the growth story is moving from capacity plans into reported results.

Price stays below the analyst focus

The euro quotation was EUR 0.09 at Lang & Schwarz on October 22, 2026 at 9:09 a.m. CEST. The comparison with the analyst target remains in Indonesian rupiah, so it is not combined with the euro quotation.

The further course of trading is shown by the continuously updated real-time quote of Indosat Ooredoo Hutchison stock.