Hartadinata Abadi stock gets a new gold distribution channel

Published on 10/07/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hartadinata Abadi stock expands EMASKU distribution through a one-year Bank Mandiri deal signed October 2, 2026. Second-quarter revenue rose 65.2 percent year over year.

Hartadinata Abadi, ID1000139405, Illustration mit AI erstellt.

Hartadinata Abadi stock was trading at IDR 2,160 on the Jakarta Stock Exchange on October 7, 2026, down 1.37 percent from the prior close. The company has added a new distribution channel for its EMASKU gold bars through a one-year agreement with Bank Mandiri signed on October 2, 2026, according to Kontan on October 6, 2026.

EMASKU gains a banking channel

Hartadinata Abadi will act as the seller and Bank Mandiri as the buyer in the transaction. The products carry 99.99 percent purity and cover minted bars from 1 gram to 100 grams, plus cast bars from 250 grams to 1,000 grams, Kontan reported.

The agreement is described as a routine revenue-generating transaction and is intended to strengthen EMASKU distribution. Its one-year term gives the arrangement a defined operating window, while the disclosure states that the parties have no affiliation or conflict of interest.

Revenue growth meets dilution risk

Hartadinata Abadi generated IDR 13.6 trillion of revenue in the second quarter of 2026, up 65.2 percent from the same quarter a year earlier. Net income reached IDR 267 billion, a 33.9 percent year-over-year increase, according to Kontan on September 14, 2026.

That growth is paired with a capital measure. Liputan6.com reported on September 25, 2026, that shareholders will consider issuing up to 460.526 million new shares, equal to 10 percent of issued and paid-in capital. The disclosure estimates potential ownership dilution of 9.09 percent.

Analyst target stays above the quote

Investing.com lists five analysts with a Strong Buy consensus and an average 12-month target of IDR 3,144. The same October 6, 2026 market page gives a high target of IDR 3,810, a low target of IDR 2,800, and an upside figure of 44.88 percent from IDR 2,170, according to Investing.com.

For investors, the operating figures and the financing plan point in different directions: stronger earnings support expansion, while new shares can dilute existing ownership. The October 16 meeting is therefore the next concrete checkpoint for the capital strategy.

HRTA trades below its yearly high

At IDR 2,160 on October 7, 2026 at 2:33 p.m. WIB, the stock stood within its 52-week range of IDR 1,015 to IDR 3,440. Trading volume was 2,372,000 shares and market capitalization was IDR 9.9 trillion.