Phintraco keeps IDR 4,840 target for Antam stock

Published on 10/16/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit reached IDR 6.91 trillion, up 34.00 percent. Antam stock costs EUR 0.13 on October 16, 2026, with IDR 61.3 trillion market value.

Analyst view and operating results

Phintraco Sekuritas kept its Antam target at IDR 4,840 on October 15, 2026.
First-half 2026 net profit reached IDR 6.91 trillion after a 34.00 percent annual increase.
Antam stock traded at EUR 0.13 at 10:02 a.m. CEST at Lang & Schwarz on October 16, 2026.

Antam, ID1000106602, Illustration mit AI erstellt.

Antam (ISIN ID1000106602) has a new operating catalyst in its downstream strategy, while Phintraco Sekuritas kept its IDR 4,840 target for the stock on October 15, 2026. The research view followed first-half 2026 net profit of IDR 6.91 trillion, up 34.00 percent year over year, according to IDXChannel.

Downstream projects add earnings support

The strongest operating contribution came from the aluminum expansion. SGAR Mempawah sold 350,000 tons of alumina in the first half of 2026 and contributed IDR 257.6 billion in profit through Borneo Alumina Indonesia, the same report said.

Phintraco expects SGAR sales to reach 700,000 tons in 2026. Antam's first-half revenue stood at IDR 62.71 trillion, a 6.30 percent annual increase, while gold remained the largest revenue contributor.

What supports the valuation?

BRI Danareksa Securities said first-half net profit had reached 69.70 percent of its full-year estimate, while revenue represented 52.90 percent of its annual forecast, according to Kompas. That comparison makes the profit delivery the central support for the current analyst case, although it also leaves the second half carrying 30.30 percent of the projected annual profit.

Three dated operating and market markers

On September 28, 2026, MNC Sekuritas raised its 2026 Antam net profit estimate to IDR 9.2 trillion and increased its target, as reported by Investor. On October 12, 2026, reported first-half net profit was IDR 6.4 trillion in a BRIDS analysis, according to Pantau. On October 15, 2026, Phintraco maintained its IDR 4,840 target while citing a possible 2026 net profit of IDR 11.6 trillion.

Stock trades at EUR 0.13

For investors in Germany, the operating figures provide the measurable context for Antam's downstream strategy. The company also reported first-half bauxite sales of about 1.3 million wet metric tons, giving the aluminum and mining expansion a second operating marker.

Antam stock was trading at EUR 0.13 at Lang & Schwarz on October 16, 2026 at 10:02 a.m. CEST. The market capitalization was IDR 61.3 trillion as of October 16, 2026.

The further course of trading is shown by the continuously updated real-time quote of Antam stock.