Pluang targets Bumi Res stock at IDR 185 amid Kideco rumors

Published on 10/21/2026 at 10:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 36.00 percent to USD 449.10 million. Bumi Res stock costs EUR 0.01 on October 21, 2026, while IDX last traded at IDR 133.

Acquisition rumors and earnings

Investor.id reported on October 13, 2026 that Jason Gozali cited IDR 185 as a technical target.
Second-quarter 2026 revenue was USD 449.10 million, up 36.00 percent year over year.
Bumi Res stock trades at EUR 0.01 at 10:00 a.m. CEST at Lang & Schwarz on October 21, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Resources (ISIN ID1000068703) was quoted at EUR 0.01 at Lang & Schwarz on October 21, 2026, at 10:00 a.m. CEST. On October 13, 2026, Investor.id reported that Jason Gozali of Pluang Maju Sekuritas cited IDR 185 as a technical target amid speculation about a possible Kideco acquisition.

Kideco speculation sets the context

The report linked the discussion to Kideco Jaya Agung, a coal producer owned by Indika Energy. It said Kideco produces 30 million tons of coal per year, equivalent to 39.00 percent of Bumi Resources' production target for 2026, making the asset relevant to the company's diversification strategy.

What does the target mean for earnings?

The latest reported quarter provided a stronger operating backdrop. Simply Wall St reported that second-quarter 2026 revenue reached USD 449.10 million, up 36.00 percent from the second quarter of 2025. Net income was USD 34.70 million and profit margin was 7.70 percent, compared with 0.80 percent a year earlier.

Three dates frame the story

On April 27, 2026, Bumi Resources entered a scheme implementation deed to acquire Loyal Metals for AUD 78.10 million, according to Simply Wall St. On August 1, 2026, the same source listed second-quarter net income of USD 34.70 million, up from USD 2.50 million in the comparable period.

On October 13, 2026, Investor.id cited the IDR 185 technical target and described the Kideco discussion as a key market theme. For investors, the numbers point to two separate tests: whether earnings improvement can continue and whether any coal expansion creates measurable value.

Trading stays split by venue

The Indonesian quote stood at IDR 133 on October 21, 2026, according to the structured market data, while the euro indication remained at EUR 0.01 at Lang & Schwarz. The currency and venue difference means the two figures should be read separately rather than as one daily performance measure.

Bumi Res was trading at EUR 0.01 at Lang & Schwarz on October 21, 2026, at 10:00 a.m. CEST. The quote provides the euro perspective, while Kideco speculation and second-quarter figures supply the company-specific context. The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.