ESSA Industries Indonesia, basic materials

Ciptadana sets IDR 620 target for ESSA Industries Indonesia stock

Published on 10/15/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 revenue reached USD 186.5 million, up 34.8 percent. ESSA Industries Indonesia stock saw net profit double to USD 30.2 million.

Results and technical setup

Ciptadana assigned an IDR 620 target to ESSA on October 13, 2026.
ESSA revenue reached USD 186.5 million in the first half of 2026.
Net profit attributable to owners reached USD 30.2 million in the first half of 2026.

ESSA Industries Indonesia, basic materials, analyst target, Indonesia Stock Exchange, Illustration mit AI erstellt.

ESSA Industries Indonesia reported USD 186.5 million in revenue for the first half of 2026, an increase of 34.8 percent from the year-earlier period, according to the company's investor-relations page. The latest market catalyst is technical rather than operational: Ciptadana Sekuritas Asia assigned the stock an IDR 620 target on October 13, 2026, while describing the setup as speculative.

Profit growth changes the picture

The company's first-half net profit attributable to owners reached USD 30.2 million, up 100 percent year over year. The investor-relations page also showed total assets of USD 693.3 million and total equity of USD 554.2 million as of June 30, 2026, giving the profit increase a balance-sheet context through the end of the reporting period.

The figures come from ESSA's official investor-relations material, which identifies the company as listed on the Indonesia Stock Exchange under the ticker ESSA and describes its LPG and ammonia operations. The company reported the first-half figures as consolidated performance for the six months ended June 30, 2026.

Three dates show the changing setup

On June 22, 2026, ESSA disclosed its cash-dividend distribution, with the investor page listing IDR 52 per share as the last dividend. On July 28, 2026, the company highlighted first-half revenue of USD 186.5 million and net profit attributable to owners of USD 30.2 million. On October 13, 2026, Bareksa reported Ciptadana's IDR 620 target and speculative-buy view.

What does the target imply?

Ciptadana's target stood 5.98 percent above ESSA's IDR 585 price on October 12, 2026, based on the cited research. The same report placed support at IDR 555 and IDR 505, while noting that the stock remained below its 55-day moving average. That combination points to a valuation case built on a technical rebound rather than a confirmed change in the operating trend.

Stock trades below recent levels

ESSA stock stood at IDR 555 on the Indonesia Stock Exchange on October 15, 2026 at 3:05 p.m. WIB. The quote was IDR 450 below the 52-week high of IDR 995 and IDR 50 above the 52-week low of IDR 505, while the market capitalization was IDR 9.6 trillion.