MNC Sekuritas flags correction risk for Adaro Andalan Indonesia stock

Published on 10/09/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB Kay Hian lifted its target to IDR 14,300 on October 5, 2026. IDR 1,450 dividend estimate implies over 12.00 percent yield for Adaro Andalan Indonesia stock.

Key points in brief

MNC Sekuritas flagged further correction risk for Adaro Andalan Indonesia stock on October 9, 2026.
The Kestrel divestiture delivered USD 734.83 million after tax on October 1, 2026.
UOB Kay Hian raised its target to IDR 14,300 and estimated an IDR 1,450 special dividend.
Second-quarter 2026 net income reached USD 330.70 million, up 131.40 percent quarter on quarter.

Adaro Andalan Indonesia, ID1000207509, Illustration mit AI erstellt.

Adaro Andalan Indonesia (ISIN ID1000207509) faced a fresh technical warning on October 9, 2026, as MNC Sekuritas identified further correction risk after a 3.10 percent decline to IDR 11,725. According to Kontan on October 9, 2026, analyst Herditya Wicaksana placed the stock in an early correction wave and cited a potential range of IDR 9,975 to IDR 10,650.

Kestrel sale adds cash

Adaro Andalan Indonesia completed the sale of its shares and warrants in Kestrel Coal Group to Yancoal Australia on October 1, 2026. Kontan reported that proceeds reached USD 814.12 million before tax and USD 734.83 million after tax.

What does the dividend signal?

UOB Kay Hian raised its target for Adaro Andalan Indonesia to IDR 14,300 in research dated October 5, 2026, while estimating a special dividend of IDR 1,450 per share and a yield above 12.00 percent. IDX Channel said the target was based on a 6.30 times projected 2027 price-to-earnings valuation, while supply disruption and weaker coal prices remained key risks.

Three dates, three market signals

On October 1, 2026, the Kestrel transaction delivered USD 734.83 million after tax, according to Kontan. On October 5, 2026, UOB Kay Hian set an IDR 14,300 target and an IDR 1,450 dividend estimate, according to IDX Channel. On October 9, 2026, MNC Sekuritas cited IDR 9,975 to IDR 10,650 as a potential correction range, as reported by Kontan.

Second-quarter earnings stayed strong

Adaro Andalan Indonesia reported second-quarter 2026 production of 17.90 million tons, up 17.50 percent quarter on quarter, while sales reached 18.40 million tons, up 22.30 percent. According to Investor.id, average selling price rose 15.20 percent quarter on quarter to USD 75.60 per ton and net income climbed 131.40 percent quarter on quarter to USD 330.70 million.

IDX price remains the market test

On the IDX, Adaro Andalan Indonesia stood at IDR 11,725 on October 9, 2026, after the 3.10 percent decline cited in the technical report. The contrast between the IDR 14,300 analyst target and the IDR 9,975 to IDR 10,650 correction range leaves the Kestrel cash proceeds, coal prices and operating delivery as the main valuation variables.