Mirae Asset sets IDR 1,790 target for Chandra Asri stock

Published on 10/21/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chandra Asri plans an IDR 1 trillion buyback from October 20, 2026. The 800 million-share program targets Chandra Asri stock through January 19, 2027.

Corporate action and earnings context

Mirae Asset set an IDR 1,790 technical target for Chandra Asri on October 12, 2026.
Chandra Asri announced an IDR 1 trillion buyback on October 19, 2026.
Market capitalization stood at IDR 115.9 trillion on October 21, 2026.

Chandra Asri, ID1000090301, Illustration mit AI erstellt.

Mirae Asset set an IDR 1,790 technical target for Chandra Asri Pacific on October 12, 2026, while the company has since launched a large share-buyback plan. The latest corporate action commits up to IDR 1 trillion to repurchase as many as 800 million shares.

Buyback sets the latest catalyst

According to Bisnis.com on October 19, 2026, the program covers up to 800 million shares, equal to 0.92 percent of issued stock. The stated buyback price range is IDR 1,250.00 to IDR 3,000.00, with internal cash funding and execution through PT Henan Putihrai Sekuritas.

The plan runs from October 20, 2026, to January 19, 2027. Management said the repurchases would not reduce revenue or create a material financing effect, while the shares may later be held as treasury stock or transferred under permitted mechanisms.

What does the target imply?

Mirae Asset Sekuritas listed targets of IDR 1,730.00, IDR 1,790.00 and IDR 1,880.00 for Chandra Asri on October 12, 2026, with support levels at IDR 1,625.00 and IDR 1,550.00. The target ladder gives investors a defined technical framework, but it does not change the operational risk from petrochemical margins.

Three dated signals for TPIA

On October 12, 2026, Mirae Asset published targets up to IDR 1,880.00. On October 19, 2026, Chandra Asri announced the IDR 1 trillion buyback. On October 20, 2026, director Raymond bought 1 million shares for IDR 1.205 billion, lifting his holding to 10.62 million shares, according to Bisnis.com.

The next corporate date

The buyback period is scheduled to end on January 19, 2027. The key counterweight is profitability: Kontan reported that first-half 2026 revenue rose 83.6 percent to IDR 96.26 trillion, while net profit fell 77.5 percent to IDR 5.11 trillion.

Home-market reference

Chandra Asri Pacific trades as TPIA on the Indonesia Stock Exchange under ISIN ID1000090301. Its latest finance quote was IDR 1,340.00 on October 21, 2026 at 4:14 p.m. WIB, while market capitalization stood at IDR 115.9 trillion and the 52-week range was IDR 1,080.00 to IDR 10,675.00.