Binaartha gives IDR 8,850 target for Indah Kiat stock

Published on 10/08/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales rose 8.74 percent to USD 1.70 billion. Indah Kiat stock costs EUR 0.42 on October 8, 2026 after EUR 0.41, plus 2.44 percent.

Indah Kiat, ID1000062201, Illustration mit AI erstellt.

Indah Kiat (ISIN ID1000062201) was trading at EUR 0.42 at Lang & Schwarz on October 8, 2026 at 9:38 a.m. CEST, up 2.44 percent from the EUR 0.41 prior close. According to Kontan on October 8, 2026, Binaartha Sekuritas analyst Ivan Rosanova assigned the stock an IDR 8,850 technical target, with support at IDR 7,875.

Target rests above current support

Rosanova said Indah Kiat remained above its 20-day moving average on the weekly chart, while a possible daily MACD golden cross could support a move toward the IDR 8,850 target, according to Kontan. The same analysis identified IDR 7,875 as the key Fibonacci retracement support and described the setup as Trading Buy.

The technical levels frame a stock that is still below its IDR 8,850 resistance and target. For investors, the gap between support and resistance is the immediate chart variable, while the companys operating figures provide the fundamental counterweight.

First-half profit outpaced sales

In the first half of 2026, Indah Kiats net sales reached USD 1.70 billion, up 8.74 percent year over year, according to Databoks. Gross profit rose 13.20 percent to USD 537.48 million, while net profit attributable to parent-company owners jumped 127.43 percent to USD 372.33 million.

The earnings mix shows a much faster profit increase than sales growth. Industrial paper contributed USD 565.84 million of first-half sales, cultural paper USD 544.17 million and pulp USD 532.11 million, giving the company a diversified product base within paper and forest products.

Price and market value

Indah Kiat had a market capitalization of IDR 45.3 trillion on October 8, 2026, with a 52-week range of IDR 6,250 to IDR 12,750. Its primary listing is on the IDX under ticker INKP, and the finance data quote showed IDR 8,275 on October 8, 2026, providing a separate Jakarta-market reference from the euro quotation.

At Lang & Schwarz, Indah Kiat was trading at EUR 0.42 on October 8, 2026 at 9:38 a.m. CEST, plus 2.44 percent versus the EUR 0.41 prior close. The further course of trading is shown by the continuously updated real-time quote of Indah Kiat stock.