Kiwoom sets IDR 2,900 target for Hartadinata Abadi stock

Published on 10/13/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 65.20 percent in second quarter 2026. Hartadinata Abadi stock was IDR 2,010 on October 13, 2026, down 2.90 percent versus IDR 2,070.

Key points in brief

Kiwoom set a 12-month target of IDR 2,900 and retained its Buy recommendation on October 12, 2026.
Revenue rose 65.20 percent to IDR 13.65 trillion in the second quarter of 2026.
Hartadinata Abadi stock stood at IDR 2,010 on October 13, 2026, down 2.90 percent versus IDR 2,070.
The stock traded at a 6.96 P/E ratio, with a market capitalization of IDR 9.3 trillion and earnings due October 29, 2026.

Hartadinata Abadi, ID1000139405, Illustration mit AI erstellt.

Kiwoom retained a Buy recommendation and set a 12-month target of IDR 2,900 for Hartadinata Abadi on October 12, 2026. Against the latest IDR 2,010 quote, that target lies 44.28 percent above the price, while the stock was down 2.90 percent from IDR 2,070.

Revenue growth meets margin pressure

Kontan reported that revenue reached IDR 13.65 trillion in the second quarter of 2026, up 65.20 percent from the year-earlier period. Net income reached IDR 267.0 billion, an increase of 33.90 percent year over year.

The wholesale segment supplied IDR 11.9 trillion of second-quarter revenue, up 82.50 percent year over year, while retail revenue was IDR 1.6 trillion, down 2.10 percent, according to the same report. Kiwoom said wholesale revenue expanded 149.00 percent year over year and gross profit margin declined to 3.69 percent in the first half of 2026.

Stock remains below its yearly high

Hartadinata Abadi's latest quote was IDR 2,010 on October 13, 2026, at 4:07 p.m. WIB, down 2.90 percent versus the IDR 2,070 close of the same trading source. The quote sits 41.57 percent below the 52-week high of IDR 3,440 and above the low of IDR 1,140.

Trading volume was 11,740,400 shares against an average of 11,914,603. The price decline was smaller than the 52-week range suggests, but the distance to the high keeps the chart position central to the valuation discussion.

Valuation and October earnings date

The company had a market capitalization of IDR 9.3 trillion and a P/E ratio of 6.96 on October 13, 2026. The dividend yield was 2.00 percent, based on the latest quoted market statistics.

Investing.com lists October 29, 2026 as the next earnings date and an average analyst target of IDR 3,144 from five analysts. That average is 56.42 percent above the IDR 2,010 price, using the same IDR currency.

Comparison with peers

Hartadinata Abadi (Jakarta, IDR): minus 2.90 percent, P/E 6.96, market capitalization IDR 9.3 trillion

Trisula International (Jakarta, IDR): minus 1.18 percent, P/E 8.58, market capitalization IDR 516.6 billion

Mitra Adiperkasa (Jakarta, IDR): minus 0.35 percent, P/E 9.62, market capitalization IDR 23.9 trillion

October 29 sets the next checkpoint

The October 29 earnings date gives investors the next scheduled point for testing whether the second-quarter growth rate can continue while margins normalize. Kiwoom identified gold price fluctuations, weaker domestic purchasing power and slower LBMA certification progress as risks to its IDR 2,900 target.

Market context: Market report IDX Composite.