BRI Danareksa cuts target for Vale Indo stock to IDR 7,300.00
Published on 10/13/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- BRI Danareksa cut its Vale Indonesia target from IDR 8,000.00 to IDR 7,300.00 on September 24, 2026.
- Revenue reached USD 543.00 million in the first half of 2026, up 27.00 percent year over year.
- Vale Indo stock stood at EUR 0.20 at Lang & Schwarz on October 13, 2026 at 1:39 p.m. CEST, down 0.97 percent on the IDX.
- The stock traded at a price to earnings ratio of 15.76, versus 8.37 for peer ANTM.
BRI Danareksa Sekuritas cut its target for Vale Indonesia from IDR 8,000.00 to IDR 7,300.00 on September 24, 2026, citing slower monetization and a delay to the Pomalaa HPAL project. According to DailyFX.ID, the revised target is 79.36 percent above the IDX price of IDR 4,070.00 on October 13, 2026. Vale Indo stock was trading at EUR 0.20 at Lang & Schwarz on October 13, 2026 at 1:39 p.m. CEST, while the IDX quote was down 0.97 percent from IDR 4,110.00.
Revenue recovery reaches USD 543.00 million
Vale Indonesia reported revenue of USD 543.00 million in the first half of 2026, an increase of 27.00 percent from the same period a year earlier. Net income reached USD 104.00 million, up 313.00 percent year over year, according to IMA on September 17, 2026.
The same report said second-quarter nickel matte production increased 19.00 percent from the prior quarter to 16,153 tons. That operating improvement matters because BRI Danareksa linked its lower target to slower mine monetization, while still maintaining a positive rating in the September 24 report.
Vale Indo stock stays below its yearly high
The IDX quote was IDR 4,070.00 on October 13, 2026, with a 52-week range of IDR 3,770.00 to IDR 7,900.00. The current level is 48.48 percent below the yearly high and 7.96 percent above the yearly low. Trading volume reached 10,906,700 shares against an average of 14,288,103.
Valuation differs across nickel peers
Vale Indonesia had a market capitalization of IDR 42.9 trillion and a price to earnings ratio of 15.76 on October 13, 2026. Its trailing dividend yield was 0.02 percent. The comparison is more demanding than for the selected peers, although the figures reflect different operating profiles.
Comparison with peers
Vale Indo (IDX, IDR): minus 0.97 percent, price to earnings ratio 15.76, market capitalization IDR 42.9 trillion.
ANTM (IDX, IDR): plus 1.64 percent, price to earnings ratio 8.37, market capitalization IDR 74.5 trillion.
NCKL (IDX, IDR): minus 0.60 percent, price to earnings ratio 4.87, market capitalization IDR 52.0 trillion.
Price and market context
Vale Indo stock was trading at EUR 0.20 at Lang & Schwarz on October 13, 2026 at 1:39 p.m. CEST. The IDX price was IDR 4,070.00, down 0.97 percent from the IDR 4,110.00 prior close on October 13, 2026. BRI Danareksa's lower IDR 7,300.00 target leaves a quantified gap between the current IDX quotation and the research valuation.
The further course of trading is shown by the continuously updated real-time quote of Vale Indo stock.
Vale Indo stock at a glance
- Company: Vale Indonesia Tbk
- ISIN: ID1000109309
- Ticker: INCO
- Primary exchange: Indonesia Stock Exchange
- Price Lang & Schwarz (as of October 13, 2026, 1:39 p.m. CEST): EUR 0.20
- Change on IDX (October 13, 2026): minus 0.97 percent
- IDX prior close (October 13, 2026): IDR 4,110.00
- Market capitalization: IDR 42.9 trillion (as of October 13, 2026)
- 52-week range: IDR 3,770.00-7,900.00 (as of October 13, 2026)
- Sector / Industry: Materials / Metals and Mining
Market context: Market report IDX Composite.
