Mirae Asset sets IDR 13,500 target for Indah Kiat stock

Published on 10/07/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net profit hit USD 372.33 million in the first half of 2026, up 127.43 percent. Indah Kiat stock costs EUR 0.42 on October 7, 2026 after EUR 0.42.

Indah Kiat, ID1000062201, Illustration mit AI erstellt.

Indah Kiat stock was priced at EUR 0.42 at Lang & Schwarz on October 7, 2026 at 10:13 a.m. CEST, unchanged from the EUR 0.42 prior close. The latest analyst catalyst is a Mirae Asset target of IDR 13,500, reported by ChatNews.id on October 5, 2026.

Mirae Asset sees room for expansion

Mirae Asset recommended buying the shares and said the IDR 13,500 target implied 64 percent upside, while valuing the target at 5.9 times earnings and 5.1 times enterprise value to EBITDA. The research tied the view to firmer pulp prices and the ramp-up of Indah Kiat Karawang, a packaging facility that began operating in April 2026.

The underlying operating figures are substantial. Databoks reported that first-half 2026 net sales reached USD 1.70 billion, up 8.74 percent year on year, while net profit attributable to the parent company rose 127.43 percent to USD 372.33 million.

Karawang ramp-up meets pulp risk

The earnings comparison gives the target a strong fundamental base, but the next phase depends on product mix and utilization. Kontan reported on October 4, 2026 that analyst Wilbert Arifin expected the third quarter of 2026 to be the weakest because of softer pulp prices, Karawang losses and limited foreign-exchange gains.

Kontan also reported that pulp prices were projected at USD 550 per ton in 2027, down 5 percent year on year. The same report said higher Karawang utilization could support profit growth from 2027, while refinancing obligations and European deforestation rules remain relevant risks.

EUR 0.42 price holds steady

Indah Kiat's primary listing is on the IDX under ticker INKP.JK. The finance quote showed IDR 8,300 on October 7, 2026 at 10:12 a.m. CEST, with a 52-week range of IDR 6,250 to IDR 12,750 and market capitalization of IDR 45.4 trillion. The Lang & Schwarz euro quote was EUR 0.42 in trading on October 7, 2026 at 10:13 a.m. CEST, plus 0.00 percent versus the EUR 0.42 prior close. The further course of trading is shown by the continuously updated real-time quote of Indah Kiat stock.