Indah Kiat stock trades at IDR 8,225 with support at IDR 7,875

Published on 10/08/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income reached USD 372.33 million after a 127.43 percent yearly increase. Binaartha marks IDR 7,875 as support for the October 8 session.

Indah Kiat, ID1000062201, Illustration mit AI erstellt.

Indah Kiat stock (ISIN ID1000062201) was trading at IDR 8,225 on the IDX on October 8, 2026 at 2:18 p.m. WIB, down 0.60 percent from the prior close of IDR 8,275. The latest technical setup puts the share near a defined support and resistance framework for short-term traders.

Support sits at IDR 7,875

According to Kontan on October 8, 2026, Binaartha Sekuritas analyst Ivan Rosanova identified IDR 7,875 as support and IDR 8,850 as resistance for Indah Kiat. The analyst also cited the stock's position above its 20-day moving average on the weekly chart and a possible bullish MACD crossover.

The intraday range on October 8 extended from IDR 8,225 to IDR 8,400, while volume reached 1,514,900 shares. The reference price therefore remained IDR 350 below the cited resistance level and IDR 350 above the session low.

First-half profit jumped 127.43 percent

Databoks reported that Indah Kiat's first-half 2026 sales rose 8.74 percent year over year to USD 1.70 billion. Net income attributable to the parent rose 127.43 percent to USD 372.33 million, while gross profit increased 13.20 percent to USD 537.48 million.

The balance sheet also expanded during the period. Total assets reached USD 13.25 billion as of June 30, 2026, up 7.30 percent from the end of 2025, according to Databoks.

Pulp prices support the earnings picture

Price conditions remain an important operating variable. Kontan reported on October 5, 2026, that China pulp prices rose from USD 568 per ton in August to USD 585 per ton in September. The same report said analysts see additional global capacity as a potential source of pressure from 2027.

Indah Kiat's dollar exposure adds another variable. Kontan reported on October 2, 2026, that 55 percent to 60 percent of revenue comes from exports in U.S. dollars and that the company uses natural hedging against rupiah volatility.

Stock remains below the yearly high

Indah Kiat stock was trading at IDR 8,225 on the IDX on October 8, 2026 at 2:18 p.m. WIB. Its 52-week range was IDR 6,250 to IDR 12,750, and its market capitalization was IDR 45.0 trillion on the same date.