Phintraco keeps IDR 4,840 target for Antam stock

Published on 10/20/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phintraco keeps an IDR 4,840 target for Antam. Antam stock costs EUR 0.13 on October 20, 2026, while first-half profit reached IDR 6.91 trillion.

Analyst targets and operating results

On October 15, 2026, Phintraco Sekuritas set an IDR 4,840 target for Antam stock.
Alumina sales reached 350,000 metric tons and contributed IDR 257.6 billion in the first half of 2026.
Antam stock traded at EUR 0.13 at 9:13 a.m. CEST at Lang & Schwarz on October 20, 2026.
First-half 2026 profit reached IDR 6.91 trillion, up 34 percent year over year.

Antam, ID1000106602, Illustration mit AI erstellt.

Antam (ISIN ID1000106602) was assigned an IDR 4,840 share-price target by Phintraco Sekuritas in a report dated October 15, 2026, according to IDXChannel. Antam stock was trading at EUR 0.13 at Lang & Schwarz on October 20, 2026 at 9:13 a.m. CEST.

Three milestones shape the story

On August 28, 2026, Antam reported first-half profit of IDR 6.91 trillion, up 34 percent from the first half of 2025, while net sales reached IDR 62.71 trillion, up 6 percent, according to PT ANTAM. On October 12, 2026, BRI Danareksa Sekuritas was reported as maintaining an IDR 4,800 target, while first-half profit reached IDR 6.4 trillion in coverage by Kompas.com. The October 15 Phintraco report then set its IDR 4,840 target and highlighted downstream aluminum and battery development.

What does alumina add?

The operating figures give the target a measurable foundation. In the first half of 2026, alumina sales reached 350,000 metric tons and contributed IDR 257.6 billion through Borneo Alumina Indonesia, according to IDXChannel. Antam's bauxite sales also rose 24 percent to 1.26 million wet metric tons during the period, linking higher processing capacity with a concrete sales increase.

Stock context for investors

Antam's first-half figures show a mix of strong earnings growth and a portfolio still led by gold. Gold generated IDR 50.39 trillion of sales, or 80 percent of total sales, while nickel contributed IDR 10.41 trillion and grew 32 percent year over year, according to PT ANTAM. That mix matters because the analyst targets depend on continued execution across gold, nickel, bauxite and alumina rather than on one commodity alone.

Antam stock stays below its yearly high

On the IDX, the stock was last at IDR 2,640 on October 20, 2026 at 2:11 p.m. WIB. Its same-source 52-week range was IDR 2,380 to IDR 4,970, while market capitalization stood at IDR 63.4 trillion on that date. The stock was trading at EUR 0.13 at Lang & Schwarz on October 20, 2026 at 9:13 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Antam stock.