Mirae Asset sets IDR 2,870.00 target for Indika Energy stock

Published on 10/07/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 19.90 percent to USD 1.15 billion. Indika Energy stock traded at EUR 0.14 on October 7, 2026 versus EUR 0.13.

Indika Energy, ID1000110901, Illustration mit AI erstellt.

Indika Energy (ISIN ID1000110901) was trading at EUR 0.14 at Lang & Schwarz on October 7, 2026 at 9:08 a.m. CEST, plus 7.69 percent versus the prior close of EUR 0.13. On the same date, Mirae Asset Sekuritas Indonesia set a first technical target of IDR 2,870.00 for Indika Energy stock, with further targets at IDR 3,260.00 and IDR 4,020.00.

Technical targets point higher

Mirae Asset described Indika Energy as channeling up and listed support at IDR 2,500.00 and IDR 2,310.00 on October 7, 2026. Its target ladder reaches IDR 3,260.00 and IDR 4,020.00, corresponding to gains of 20.30 percent and 48.34 percent in the report.

The technical case rests on a rebound from the lower boundary of an upward channel, while positive stochastic and relative strength index signals were accompanied by higher volume, Mirae Asset Sekuritas Indonesia reported on October 7, 2026. The report's IDR 2,870.00 first target gives the current chart setup a concrete test level.

First-half earnings recover

Indika Energy's operating recovery provides a fundamental counterweight to the chart view. In the first half of 2026, revenue reached USD 1.15 billion, up 19.90 percent from USD 956.80 million in the first half of 2025, according to Indonesia Business Post.

Net income attributable to owners of the parent rose to USD 10.20 million from USD 2.20 million in the same comparison, an increase of 354.30 percent, the report said. The stronger profit growth than revenue growth makes margin quality and the durability of the recovery important measures for the next financial update.

Gold project adds a second driver

Indika is also expanding beyond coal through the Awak Mas gold project in South Sulawesi. Construction progress reached 60.63 percent as of June 30, 2026, and the company targeted first gold production in the second quarter of 2027, Indonesia Business Post reported on September 15, 2026. The project is expected to produce 50,000 to 70,000 ounces of gold in its first year, creating a measurable diversification milestone alongside the coal business.

Stock rises as targets reset

Indika Energy stock was trading at EUR 0.14 at Lang & Schwarz on October 7, 2026 at 9:08 a.m. CEST, plus 7.69 percent versus the prior close of EUR 0.13. The primary listing is on the Indonesia Stock Exchange under ticker INDY, with a market capitalization of IDR 14.5 trillion and a 52-week range of IDR 1,735.00 to IDR 4,370.00 as of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Indika Energy stock.