BRIDS sets IDR 4,800 target for Antam stock after strong results

Published on 10/15/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRIDS kept its IDR 4,800 target on October 12, 2026. Antam stock costs EUR 0.15 on October 15, 2026 after first-half profit growth.

First-half earnings shape the outlook

BRIDS set an IDR 4,800 target for Antam stock on October 12, 2026.
First-half revenue reached IDR 62.70 trillion, up 6.30 percent year over year.
Antam stock trades at EUR 0.15 at 11:12 a.m. CEST at Lang & Schwarz on October 15, 2026.
Antam's market capitalization was IDR 71.9 trillion on October 15, 2026.

Antam, ID1000106602, Illustration mit AI erstellt.

BRI Danareksa Sekuritas set an IDR 4,800 target for Antam stock after the company reported strong first-half 2026 results, Kompas reported on October 12, 2026. Antam's net income reached IDR 6.40 trillion in the first half, up 36.00 percent from a year earlier.

Three events shape the stock

On September 17, 2026, Nomura cut its Antam target to IDR 5,300 from IDR 6,100, citing pressure on domestic gold margins and higher financial costs, Bursa Nusantara reported. On October 12, 2026, BRIDS said first-half earnings had reached 69.70 percent of its full-year estimate and set a target of IDR 4,800.

On October 15, 2026, Antam's one-gram gold price fell IDR 13,000 to IDR 2.561 million, while its buyback price declined to IDR 2.370 million, Investor.id reported. That product-price move adds a useful counter-factor to the earnings story because gold remains a major Antam business.

What supports the target?

BRIDS reported that Antam generated IDR 62.70 trillion of revenue in the first half of 2026, up 6.30 percent year over year. Nickel revenue grew 32.40 percent and bauxite and alumina revenue rose 28.30 percent, while gold revenue increased 1.40 percent, according to Kompas. Gold sales reached 9.60 tons in the second quarter, 13.60 percent above the prior quarter.

The analyst case therefore rests on operating mix as well as precious-metals demand. BRIDS retained 2026 revenue and net-income projections of IDR 118.70 trillion and IDR 9.20 trillion, respectively, while the second-quarter nickel net-profit margin reached 54.50 percent, IDXChannel reported on October 12, 2026.

Stock quote and company profile

Antam's last quoted price on the Indonesia Stock Exchange was IDR 2,990 on October 15, 2026 at 4:11 p.m. WIB. The company had a market capitalization of IDR 71.9 trillion on October 15, 2026, and its business spans nickel, precious metals and refining, and bauxite and alumina, according to Stock Analysis.

At Lang & Schwarz, Antam stock was trading at EUR 0.15 on October 15, 2026 at 11:12 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Antam stock.