BRI Danareksa raises target for Adaro stock to IDR 3,300

Published on 10/09/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adaro stock keeps a EUR 0.13 quote on October 9, 2026 versus EUR 0.13 prior close. First-half net income rose 76.83 percent.

Key points in brief

BRI Danareksa raised its target for Adaro stock to IDR 3,300 on October 8, 2026, from IDR 2,630.
The first half of 2026 brought USD 309.36 million in net income, up 76.83 percent year over year.
Lang & Schwarz showed EUR 0.13 on October 9, 2026, unchanged from the prior close.
Adaro trades on the Indonesia Stock Exchange under ticker ADRO and belongs to the energy sector.

Adaro, ID1000111305, Illustration mit AI erstellt.

BRI Danareksa raised its target for Adaro stock to IDR 3,300 from IDR 2,630 on October 8, 2026, while keeping its positive rating, as Investor.id reported. The company, now officially named Alamtri Resources Indonesia, is being valued against a stronger coking coal outlook.

Coking coal assumptions rise

BRI Danareksa lifted its premium hard coking coal assumption for 2026 to USD 230 per ton from USD 170 per ton. Its assumptions for 2027 and 2028 stand at USD 220 and USD 200 per ton, respectively, with projected earnings estimates rising 4.30 percent, 2.60 percent and 2.90 percent across those years, according to Bisnis.com.

The same research also identifies logistics as a counter-factor. Sales at subsidiary Alamtri Minerals Indonesia were projected at 0.50 million to 0.70 million tons in the third quarter of 2026, below the 6.00 million-ton full-year projection, while the original management target was 6.30 million tons, Bisnis.com reported.

What does the target revision mean

The target change gives investors a concrete test for the commodity thesis: the new IDR 3,300 target is 25.48 percent above the previous IDR 2,630 target. BRI Danareksa also placed the stock at 6.40 times projected 2027 earnings and 13.00 percent below comparable companies, according to Investortrust.id. The principal risks cited were tighter mining-contractor rules and weaker coking coal prices.

Three dates shape the setup

On September 8, 2026, the monthly shareholder register showed 28.80 billion shares outstanding, according to FORTUNE Indonesia. On October 7, 2026, Katadata reported first-half net income of USD 309.36 million, up 76.83 percent year over year, while revenue reached USD 999.24 million, up 16.51 percent. On October 8, 2026, BRI Danareksa set the IDR 3,300 target, making the analyst revision the latest dated event.

October earnings date approaches

The next earnings date is October 27, 2026, according to InvestPane. The finance quote showed a market capitalization of IDR 74.3 trillion and a 52-week range of IDR 1,650.00 to IDR 2,860.00 as of October 9, 2026.

Adaro stock holds at EUR 0.13

Adaro stock was trading at EUR 0.13 at Lang & Schwarz on October 9, 2026 at 11:49 a.m. CEST, unchanged versus the prior close of EUR 0.13 on October 8, 2026. On the Indonesia Stock Exchange, ADRO was last quoted at IDR 2,580 on October 9, 2026 at 4:14 p.m. WIB, according to the finance quote.

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