BNI Sekuritas sets IDR 364 to IDR 376 targets for Darma Henwa stock

Published on 10/09/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit IDR 3.20 trillion in the first half of 2026, up 3.13 percent. Darma Henwa stock costs EUR 0.02 on October 9, 2026 after EUR 0.02.

Key points in brief

BNI Sekuritas listed Darma Henwa as a speculative-buy idea on October 9, 2026, with targets of IDR 364 to IDR 376.
Darma Henwa reported first-half 2026 revenue of IDR 3.20 trillion, up 3.13 percent year over year, and net income of IDR 354.28 billion, up 89 percent.
The Lang & Schwarz price was EUR 0.02 on October 9, 2026 at 11:30 a.m. CEST, unchanged versus the EUR 0.02 prior close.
The company has a planned earnings date of December 2, 2026, while its electric-truck memorandum runs through December 31, 2027.

Darma Henwa, ID1000107303, Illustration mit AI erstellt.

BNI Sekuritas listed Darma Henwa stock as a speculative-buy idea with targets of IDR 364 to IDR 376 on October 9, 2026, according to Liputan6. At Lang & Schwarz, the stock was trading at EUR 0.02 on October 9, 2026 at 11:30 a.m. CEST, unchanged versus the EUR 0.02 prior close.

Targets sit above the latest IDX price

The recommendation set an entry area of IDR 350 to IDR 356, a stop level below IDR 350 and a target area of IDR 364 to IDR 376. The upper target is IDR 10.00 above the latest primary-exchange quote of IDR 366, while the lower target is IDR 2.00 below that quote, so the range points to a narrow near-term trading setup rather than a single valuation level.

Finance data showed a last primary-exchange quote of IDR 366 at 4:14 p.m. WIB on October 9, 2026. The same quote showed an IDR 234 to IDR 865 52-week range and market capitalization of IDR 14.3 trillion, giving the recommendation a wide chart context.

What does the earnings mix mean?

In the first half of 2026, revenue reached IDR 3.20 trillion, up 3.13 percent from the first half of 2025, while net income rose 89 percent to IDR 354.28 billion from IDR 187.44 billion, Pluang reported on September 23, 2026.

The quality of that increase matters. Pluang said a fair-value investment adjustment contributed IDR 229.00 billion in the second quarter, while finance costs rose 95 percent and included a one-off IDR 46.00 billion bank-loan fine. That mix leaves operating progress and non-operating items moving in different directions.

Three dated developments shape the outlook

On May 18, 2026, Darma Henwa and Sarana Ekomobilitas Indonesia signed a memorandum covering about 200 electric heavy-duty trucks. On August 11, 2026, first-half revenue reached IDR 3.20 trillion and net income reached IDR 354.28 billion. On October 9, 2026, BNI Sekuritas set the IDR 364 to IDR 376 target range, with each event and figure reported by Katadata, Pluang and Liputan6.

Dates for the next milestones

TradingView lists December 2, 2026, as the next earnings-report date for Darma Henwa. The electric-truck memorandum is scheduled to run through December 31, 2027, according to Katadata, leaving execution of the planned fleet as a longer-dated operating milestone.

Price holds at EUR 0.02

Lang & Schwarz showed Darma Henwa at EUR 0.02 on October 9, 2026 at 11:30 a.m. CEST, unchanged versus the EUR 0.02 prior close. The primary exchange quote was last at IDR 366 on the IDX at 4:14 p.m. WIB on the same date, while the Lang & Schwarz quote remains the euro reference for German investors.

The further course of trading is shown by the continuously updated real-time quote of Darma Henwa stock.