Hartadinata Abadi signs Bank Mandiri deal with IDR 2,900 target for Hartadinata Abadi stock

Published on 10/09/2026 at 12:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hartadinata Abadi stock receives an IDR 2,900 target in one report. The planned October 16 vote covers 460,526,240 new shares before October 29 results.

Key points in brief

Hartadinata Abadi signed a one-year Bank Mandiri agreement to distribute EMASKU gold products on October 2, 2026.
The company plans to issue 460,526,240 new shares, implying potential dilution of 9.09 percent.
First-half 2026 revenue reached IDR 33.81 trillion, while net income rose 100.86 percent year over year.
Hartadinata Abadi stock was at IDR 2,170 on Jakarta Stock Exchange on October 9, 2026, against a 52-week range of IDR 1,015 to IDR 3,440.

Hartadinata Abadi, ID1000139405, Illustration mit AI erstellt.

Hartadinata Abadi signed a one-year Bank Mandiri deal for EMASKU gold distribution on October 2, 2026, while IT BOLTWISE reported on October 7 that the stock had an IDR 2,900 target. The distribution agreement adds a measurable channel for bullion products, while the planned equity issue creates a separate dilution question.

Three dated steps shape the story

On July 30, 2026, Hartadinata Abadi reported second-quarter revenue of IDR 13.65 trillion, according to Investing.com. On September 9, 2026, management disclosed a planned private placement of up to 460,526,240 shares, as reported by Bisnis.com. On October 2, 2026, the company signed the Bank Mandiri EMASKU agreement, according to Liputan6.

What does the financing mean?

The proposed issuance equals a maximum 10.00 percent of the existing share capital and could dilute existing holders by 9.09 percent. Bisnis.com reported that the proceeds are intended for working capital and that the share count could rise from 4.61 billion to 5.07 billion.

The operating figures provide the counterweight. In the first half of 2026, revenue reached IDR 33.81 trillion versus IDR 15.05 trillion in the first half of 2025, a 124.61 percent increase, while net income rose to IDR 700.01 billion from IDR 348.51 billion, up 100.86 percent, according to IT BOLTWISE. The comparison shows why the capital action matters: financing is being considered while reported growth is running at triple-digit rates.

Upcoming dates carry the next figures

Hartadinata Abadi has scheduled an extraordinary shareholder meeting for October 16, 2026, to seek approval for the private placement, according to Liputan6. The next earnings date is listed as October 29, 2026, by Investing.com.

Jakarta price reflects a strong session

On the Jakarta Stock Exchange, Hartadinata Abadi stock was at IDR 2,170 on October 9, 2026, after a previous close of IDR 2,080. The same quote showed a 52-week range of IDR 1,015 to IDR 3,440, placing the stock below its yearly high while the planned financing and the Bank Mandiri channel move toward separate decision points.