Phintraco keeps IDR 4,840 target for Antam stock

Published on 10/16/2026 at 15:59 | 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, down 14.72 percent on IDX.

Analyst target and market position

Phintraco Sekuritas maintained an IDR 4,840 target in research cited on October 14, 2026.
Antam reported IDR 62.71 trillion in first-half 2026 revenue, up 6.30 percent year over year.
Antam stock costs EUR 0.13 at Lang & Schwarz on October 16, 2026 at 3:40 p.m. CEST, down 14.72 percent on the IDX.
Antam's P/E ratio was 6.88 and its market capitalization was IDR 61.3 trillion on October 16, 2026.

Antam, ID1000106602, Illustration mit AI erstellt.

Phintraco Sekuritas maintained an IDR 4,840 target for Antam in research cited on October 14, 2026, according to Warta Ekonomi. That target is 89.80 percent above the Jakarta-listed stock price of IDR 2,550 on October 16, 2026. At Lang & Schwarz, Antam stock was trading at EUR 0.13 on October 16, 2026 at 3:40 p.m. CEST.

First-half revenue reached IDR 62.71 trillion

Antam's first-half 2026 revenue reached IDR 62.71 trillion, up 6.30 percent from IDR 59.02 trillion a year earlier. Net income came to IDR 6.91 trillion, an increase of 34.00 percent from IDR 5.14 trillion in the first half of 2025, according to Kapitales Research. Gold generated IDR 50.39 trillion of revenue, while nickel revenue rose to IDR 10.41 trillion from IDR 7.87 trillion.

Price position after the Jakarta selloff

The Jakarta listing fell 14.72 percent to IDR 2,550 on October 16, 2026, while the 52-week range stood at IDR 2,450.00 to IDR 4,970.00. Trading volume reached 216,135,600 shares against an average of 97,721,942 shares. The euro quote had a bid of EUR 0.11 and an ask of EUR 0.14.

Valuation and upcoming dates

Antam's market capitalization stood at IDR 61.3 trillion on October 16, 2026, with a P/E ratio of 6.88. The trailing dividend yield was 7.02 percent. The analyst target from Phintraco gives investors a separate valuation marker, but the target remains an estimate rather than a guaranteed return.

Comparison with peers

Antam (IDX, IDR): minus 14.72 percent, P/E 6.88, market capitalization IDR 61.3 trillion

Merdeka Copper Gold (IDX, IDR): minus 14.74 percent, P/E 58.30, market capitalization IDR 59.3 trillion

Vale Indonesia (IDX, IDR): minus 14.81 percent, P/E 13.22, market capitalization IDR 36.4 trillion

Euro quote and investor perspective

The market picture combines a sharp Jakarta decline with a strong first-half earnings comparison and an analyst target well above the local share price. For investors in Germany, the Lang & Schwarz quote stood at EUR 0.13 on October 16, 2026 at 3:40 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Antam stock.