Alamtri Minerals Indonesia, ID1000165608

Phintraco keeps IDR 2,310 target for Alamtri Minerals Indonesia stock

Published on 10/12/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phintraco kept its IDR 2,310 target on September 21, 2026. For Alamtri Minerals Indonesia stock, revenue reached USD 583.87 million.

Key points in brief

Phintraco maintained an IDR 2,310 target for Alamtri Minerals Indonesia on September 21, 2026.
First-half 2026 revenue reached USD 583.87 million, up 39.30 percent year over year.
Metallurgical coal sales reached 3.13 million tons in the first half of 2026.
The IDX quote was IDR 1,480 on October 12, 2026, while market capitalization stood at IDR 60.5 trillion.

Alamtri Minerals Indonesia, ID1000165608, Illustration mit AI erstellt.

Phintraco Sekuritas kept its IDR 2,310 target for Alamtri Minerals Indonesia stock on September 21, 2026, according to Kontan. The company then reported metallurgical coal sales of 3.13 million tons through the first half of 2026, a figure cited by Bisnis.com on October 12, 2026.

Three milestones shape the story

On September 21, 2026, Phintraco maintained its IDR 2,310 target, while its cited research highlighted the prospect of aluminum revenue during the second half of 2026. The target remains a concrete benchmark as the company expands beyond metallurgical coal.

On September 23, 2026, Kontan reported first-half 2026 revenue of USD 583.87 million, up 39.30 percent year over year. Gross profit reached USD 227.83 million, up 54.20 percent, while net income rose 23.97 percent to USD 174.17 million.

On October 12, 2026, Bisnis.com reported that metallurgical coal sales had reached 3.13 million tons through the first half of 2026. Management is applying cost discipline while logistics conditions remain an operating variable for the coal business.

What supports the valuation?

The earnings comparison is substantial: revenue rose 39.30 percent year over year and net income increased 23.97 percent in the first half of 2026. The aluminum project provides a second growth route, but its ramp-up also adds execution demands alongside the established coal operation.

Alamtri Minerals Indonesia describes its business as metallurgical coal mining and mineral processing, with five coal concession areas and an aluminum smelter project in North Kalimantan. The company reported that the smelter was in ramp-up, making the timing of additional aluminum revenue an important operating marker.

IDX quote and company scale

The stock was quoted at IDR 1,480 on the IDX on October 12, 2026 at 2:32 p.m. WIB. Market capitalization was IDR 60.5 trillion at the same date, giving the operating figures a clear market-value context.