BRI Danareksa keeps IDR 8,600 target for Bank Central Asia stock

Bank Central Asia (ID1000109507) stock was trading at EUR 0.30 at Lang & Schwarz on October 8, 2026 at 11:05 a.m. CEST, unchanged from the prior close of EUR 0.30. On October 7, 2026, BRI Danareksa Sekuritas retained its Buy recommendation and IDR 8,600 target for the bank, according to Investor Trust. The setup combines a flat euro quote with an analyst view that improving margins and controlled credit costs support the valuation.

Target rests on August earnings

BRI Danareksa based the IDR 8,600 target on operating trends that remained positive through August 2026. Monthly net interest margin improved to 5.80 percent, while credit expanded 11.00 percent year over year to IDR 1,018.00 trillion, according to Investor Trust. The same report said August net interest income rose 8.00 percent year over year to IDR 7.10 trillion, giving the target a measurable earnings foundation.

Bank-only net profit reached IDR 40.17 trillion through August 2026, an increase of 2.85 percent from the same period of 2025. The result represented 67.00 percent of full-year consensus, a comparison that places the eight-month performance against the market expectation rather than treating the figure as a standalone result.

Credit growth offsets margin pressure

Kompas reported that BCA had IDR 53.82 trillion of net interest income through August 2026, up 1.33 percent year over year. Loans reached IDR 1,017.71 trillion, up 10.52 percent, while deposits stood at IDR 1,256.83 trillion, up 8.33 percent.

That mix shows why the analyst case depends on both volume and margin. Loan growth exceeded deposit growth by 2.19 percentage points through August 2026, while net interest income grew more slowly than loans, keeping margin trends central to the valuation debate.

Flat euro quote keeps range visible

The Lang & Schwarz price was unchanged at EUR 0.30 on October 8, 2026, against the prior close of EUR 0.30. On the primary IDX listing, BBCA.JK was quoted at IDR 6,000.00 in the finance data snapshot dated October 8, 2026, while the 52-week range was IDR 4,820.00 to IDR 8,750.00 and market capitalization was IDR 737.1 trillion.

The next market question is whether stronger credit growth can translate into faster income growth without renewed margin compression. The IDR 8,600 target from BRI Danareksa therefore places more weight on execution in lending and funding than on the unchanged euro indication. The further course of trading is shown by the continuously updated real-time quote of Bank Central Asia stock.

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