Phintraco keeps IDR 4,840 target for Antam stock

Published on 10/15/2026 at 15:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 6.30 percent to IDR 62.71 trillion in first-half 2026. Antam stock costs EUR 0.15 on October 15, 2026 at 3:00 p.m. CEST.

Analyst target and earnings

Phintraco Sekuritas retained an IDR 4,840 target on October 14, 2026.
Antam reported IDR 62.71 trillion in first-half 2026 revenue, up 6.30 percent year over year.
Antam stock costs EUR 0.15 at Lang & Schwarz on October 15, 2026 at 3:00 p.m. CEST, down 1.97 percent on the Indonesia Stock Exchange.
Antam trades at a P/E ratio of 8.07 and has an IDR 71.9 trillion market capitalization.

Antam, ID1000106602, Illustration mit AI erstellt.

Antam stock (ISIN ID1000106602) is trading at EUR 0.15 at Lang & Schwarz on October 15, 2026 at 3:00 p.m. CEST. Warta Ekonomi reported on October 15, 2026 that Phintraco Sekuritas retained an IDR 4,840 target in a research report cited from October 14, 2026. Against Antam's IDR 2,990 home-exchange price, that target is 61.87 percent higher.

First-half revenue sets the base

Antam's first-half 2026 revenue reached IDR 62.71 trillion, up 6.30 percent from IDR 59.02 trillion a year earlier, according to Warta Ekonomi. Net income reached IDR 6.91 trillion, a 34.00 percent increase from the first half of 2025. The report said gold remained the largest revenue contributor, while nickel, bauxite and alumina expanded their roles.

Margins and operating mix matter

The operating picture is mixed across Antam's businesses. IDXChannel reported on September 16, 2026 that second-quarter gross margin fell to 15.70 percent from 19.20 percent in the prior quarter, while nickel EBITDA rose 41.00 percent quarter over quarter to IDR 3.40 trillion. Nomura cut its target to IDR 5,300 from IDR 6,100 in that report, making margin recovery a key counterpoint to the newer Phintraco target.

Antam's home exchange price was IDR 2,990 on October 15, 2026, down 1.97 percent from IDR 3,050. The 52-week range was IDR 2,450 to IDR 4,970, placing the price 39.84 percent below the high. Trading volume reached 134,191,400 shares versus an average of 97,048,096 shares.

Valuation and next date

Antam's market capitalization was IDR 71.9 trillion, its P/E ratio was 8.07 and its dividend yield was 0.07 percent on October 15, 2026. Investing.com listed November 1, 2026 as the next earnings date.

Comparison with peers

Antam: minus 1.97 percent, P/E 8.07, market capitalization IDR 71.9 trillion
Vale Indonesia (Indonesia Stock Exchange, IDR): minus 1.46 percent, P/E 15.62, market capitalization IDR 42.7 trillion
Jakarta Composite Index: minus 1.33 percent

Price stays below the yearly high

The price position leaves Antam below its 52-week high, while the latest analyst targets remain materially above the home-exchange quotation. The next earnings date on November 1, 2026 gives investors a defined checkpoint for testing whether the first-half growth mix is continuing.

The stock was trading at EUR 0.15 at Lang & Schwarz on October 15, 2026 at 3:00 p.m. CEST, down 1.97 percent on the Indonesia Stock Exchange. The further course of trading is shown by the continuously updated real-time quote of Antam stock.