Mirae Asset sets IDR 3,300 target for Japfa Comfeed Indonesia stock

Published on 10/20/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached IDR 35.36 trillion, up 28.70 percent year on year. Japfa Comfeed Indonesia stock stood at IDR 1,720.00 on October 20, 2026.

Agribusiness signals and valuation

Mirae Asset rated Japfa Comfeed Indonesia Buy and set an IDR 3,300 target on October 19, 2026.
First-half 2026 revenue reached IDR 35.36 trillion, up 28.70 percent year on year.
Japfa Comfeed Indonesia stock was last at IDR 1,720.00 on October 20, 2026 at 4:05 p.m. WIB on IDX.
The September 29, 2026 Vaksindo sale involved IDR 1.81 trillion and 31,000 shares.

Japfa Comfeed Indonesia, ID1000126907, Illustration mit AI erstellt.

Japfa Comfeed Indonesia (ISIN ID1000126907) received a Buy rating and an IDR 3,300 target in a research report dated October 19, 2026, from Mirae Asset. The report kept its Buy view while poultry prices and demand pointed to stronger third-quarter conditions.

For context, KAF Research said first-half 2026 revenue reached IDR 35.36 trillion, up 28.70 percent from the same period a year earlier. Net income attributable to shareholders reached IDR 2.48 trillion, up 100.20 percent year on year.

Three events shaped the stock

On September 29, 2026, Japfa and its subsidiary Ciomas Adisatwa agreed to sell 31,000 Vaksindo shares for IDR 1.81 trillion, as reported by Liputan6 on October 4, 2026. On October 6, 2026, UOB Kay Hian maintained Buy with an IDR 2,900 target.

The October 19, 2026 Mirae Asset report is the latest of the three events. Its IDR 3,300 target is 88.37 percent above the IDR 1,752.00 reference price used in the report, while the report listed IDR 1,765.00 as Japfa's price on October 16, 2026.

What supports the third-quarter outlook?

Mirae Asset pointed to average third-quarter day-old chick prices of IDR 6,707 per chick, up 34.80 percent from the second quarter, while broiler prices averaged IDR 22,197 per kilogram, up 18.80 percent quarter on quarter. The report also identified lower poultry prices, higher input costs and a weaker effect from the nutritious free meal program as risks.

Jakarta quote and business context

Japfa operates across animal feed, poultry breeding, commercial farming, poultry processing and aquaculture. Its latest second-quarter revenue was IDR 17.64 trillion and net income was IDR 659.01 billion, according to the reported financial series for the period ended June 30, 2026. On the IDX, the stock was last at IDR 1,720.00 on October 20, 2026 at 4:05 p.m. WIB.