UOB Kay Hian raises target to IDR 14,300 for Adaro Andalan Indonesia stock

Published on 10/08/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB Kay Hian sees 48 percent profit growth for 2026. A dividend estimate above IDR 1,450 accompanies the target for Adaro Andalan Indonesia stock.

Adaro Andalan Indonesia, ID1000207509, Illustration mit AI erstellt.

UOB Kay Hian had raised its target to IDR 14,300 for Adaro Andalan Indonesia stock on October 5, 2026, while projecting 48 percent net profit growth in 2026. The target and the potential special dividend place cash allocation at the center of the investment case.

Target rises with dividend potential

According to IDXChannel on October 5, 2026, UOB Kay Hian retained its buy recommendation and lifted the target to IDR 14,300 per share.

The research attributed the outlook to coal operations, the Kestrel transaction and possible shareholder distributions. It estimated a special dividend above IDR 1,450 per share if the initial cash proceeds were distributed.

Cash proceeds reshape the story

Adaro Andalan Indonesia completed the transfer of its Kestrel shares and warrants to Yancoal on October 1, 2026. The official disclosure said the transaction covered 720,385,220 shares, equal to a 47.99 percent stake, and stated that the proceeds could support domestic business development, dividends and partial debt repayment.

According to Adaro Andalan Indonesia in its disclosure dated October 1, 2026, the transaction was completed in Melbourne on that date. The company described domestic expansion, dividend payments and capital structure strengthening as intended uses of the proceeds.

The analyst case still carries operating risk. IDXChannel reported that UOB Kay Hian highlighted possible supply disruption from El Niño and weaker-than-expected coal prices.

Stock stays below yearly high

Adaro Andalan Indonesia stock was priced at IDR 12,100 on the Indonesia Stock Exchange on October 7, 2026. Investing.com reported a 52-week range of IDR 6,750 to IDR 12,925, putting the market price IDR 825 below the upper end of that range.

InvestPane valued the company at IDR 94.2 trillion on October 7, 2026, and identified the stock as part of the LQ45 index. For investors, the key comparison is between the IDR 14,300 analyst target and the execution of the planned cash uses.