Henan Putihrai sets IDR 2,590 target for Petrindo Jaya Kreasi stock

Published on 10/12/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Henan Putihrai set an IDR 2,590 target on October 6, 2026. Petrindo Jaya Kreasi stock grew revenue 59.28 percent in first-half 2026.

Key points in brief

Henan Putihrai published an IDR 2,590 target for Petrindo Jaya Kreasi on October 6, 2026.
First-half 2026 revenue rose 59.28 percent year over year to USD 736.10 million.
Petrindo Jaya Kreasi was trading at IDR 680.00 on IDX on October 12, 2026.
The next earnings report is scheduled for October 30, 2026.
The company operates in Indonesia's energy and mining sector under ticker CUAN.

Petrindo Jaya Kreasi, ID1000187206, Illustration mit AI erstellt.

Petrindo Jaya Kreasi (ID1000187206) received an IDR 2,590 price target from Henan Putihrai in an equity research report dated October 6, 2026, published on the company's investor-relations page. The target stands 280.88 percent above the IDR 680.00 IDX price at 2:29 p.m. WIB on October 12, 2026, giving investors a wide gap between the latest quoted level and the research view.

Target rises through the research timeline

The company's research table lists three Henan Putihrai milestones. On January 29, 2026, the house published an IDR 2,500 target; on June 4, 2026, Sucor Sekuritas published an IDR 2,030 target; and on October 6, 2026, Henan Putihrai published the IDR 2,590 target, according to Petrindo Jaya Kreasi.

The latest report sits alongside a sharply stronger operating picture. The October 6 target is a research estimate, while the company's first-half financial results provide the reported performance baseline.

Revenue grows in first-half 2026

Petrindo Jaya Kreasi generated USD 736.10 million of revenue in the first half of 2026, up 59.28 percent from USD 462.12 million a year earlier, according to Pluang on September 24, 2026. Net income rose to USD 19.78 million from USD 1.94 million in the same period, a 919.58 percent year-over-year increase.

The comparison is demanding because the prior-year profit base was small. Petrosea contributed USD 543.98 million, or 73.90 percent of consolidated revenue, in the first half of 2026, according to the same company profile, making the mining-services business a central driver of the reported sales mix.

What comes next for CUAN?

TradingView lists October 30, 2026 as the next earnings-report date for Petrindo Jaya Kreasi, while its market page shows one analyst rating the stock Strong Buy and a forecast level of IDR 2,583.80. The date and analyst data are published by TradingView.

For investors, the key tension is measurable: first-half revenue reached USD 736.10 million, yet the latest IDX price of IDR 680.00 remains well below both the IDR 2,590 research target and the IDR 2,890 52-week high.

Price and company profile

Petrindo Jaya Kreasi was trading at IDR 680.00 on IDX on October 12, 2026 at 2:29 p.m. WIB. Its market capitalization was IDR 76.4 trillion, while the 52-week range was IDR 464.00 to IDR 2,890.00.