Bukit Asam stock gains after PTBA trades at IDR 2,890

Bukit Asam stock drew attention after PTBA closed at IDR 2,890 on September 3, 2026, while first-half 2026 profit and revenue pointed higher.

Bukit Asam stock (ISIN ID1000129703) drew fresh interest after PTBA closed at IDR 2,890 on September 3, 2026, up 6.25 percent, according to Kontan. The same report put PTBA at a PER of 6.28 times and PBV of 1.32 times, both for September 3, 2026.

First-half profit jumps

For semester I-2026, PTBA posted net profit of about IDR 2.65 trillion, up 218.10 percent from the same period in 2025, while revenue rose 7.73 percent to IDR 22.03 trillion, according to Bisnis. UBS also said net profit could rise 218 percent to IDR 2.7 trillion in semester I-2026 and lifted its recommendation to Buy with a target price of IDR 3,600, as reported by Topik.

Valuation and earnings view

The numbers point to a market that is pricing PTBA on modest multiples while the latest reported half-year figures show a sharp profit rebound. For investors, the gap between the 6.28 times PER and the 218.10 percent profit increase is the central contrast on September 4, 2026.

Coal sales still drive PTBA

PT Bukit Asam Tbk remains tied to coal sales, so the key operating question is whether the company can keep converting pricing and sales growth into profit at the same pace. The latest half-year figures show that it did so in semester I-2026, with revenue at IDR 22.03 trillion and net profit at IDR 2.65 trillion.

Stock level to watch

PTBA traded at IDR 2,890 on September 3, 2026, with the same report showing a 6.25 percent daily gain. The stock's PER of 6.28 times and PBV of 1.32 times frame the next move as a test of whether earnings momentum can hold into the next reporting period.

Bukit Asam stock at a glance

• Company: PT Bukit Asam Tbk
• ISIN: ID1000129703
• Ticker: PTBA
• Trading venue: Indonesia Stock Exchange
• Price (as of September 3, 2026): IDR 2,890
• Sector / Industry: Energy / Coal
• Index membership: LQ45