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

Published on 10/13/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB Kay Hian's IDR 14,300 target for Adaro Andalan Indonesia stock dates to October 5. Six subsidiaries reported zero costs in October.

Key points in brief

UOB Kay Hian raised its target for Adaro Andalan Indonesia to IDR 14,300 on October 5, 2026.
Six subsidiaries reported zero exploration activity and zero exploration costs for October 2026.
First-half 2026 net income reached USD 473.76 million, up 10.51 percent year over year.
The company completed the Kestrel divestment on October 1, 2026, receiving about USD 700 million after tax.

Adaro Andalan Indonesia, ID1000207509, Illustration mit AI erstellt.

Adaro Andalan Indonesia (ID1000207509) received an IDR 14,300 target from UOB Kay Hian on October 5, 2026, as IDXChannel reported. On October 13, 2026, Bloomberg Technoz reported that five subsidiaries had recorded zero exploration activity and zero exploration costs during October, while PT Pari Coal also reported no activity.

Three dated corporate signals

On October 1, 2026, Adaro Capital Limited completed the sale of its Kestrel Coal Group stake to Yancoal Australia. Dunia Energi reported net proceeds of USD 700 million after tax, with the funds earmarked for Indonesian expansion, dividends and debt repayment.

On October 5, 2026, IDXChannel said UOB Kay Hian kept its buy recommendation and raised its target to IDR 14,300. The research also projected 48.00 percent net income growth in 2026 and a special dividend above IDR 1,450 per share after the Kestrel divestment.

On October 13, 2026, the exploration report became the most recent operational signal. Six subsidiaries were named in the report, and PT Pari Coal was considering further exploration in a later period.

What does the target imply?

The target sits alongside a first-half 2026 earnings improvement. Katadata reported net income of USD 473.76 million for the first half of 2026, up 10.51 percent from USD 428.68 million in the first half of 2025. Revenue increased to USD 2.54 billion from USD 2.39 billion over the same period.

That comparison matters because the target case combines operating earnings with the completed Kestrel transaction. The exploration update adds a different signal: the October report describes activity and spending at six subsidiaries rather than a new production figure.

Next reporting date

A stock profile for IDX:AADI lists October 30, 2026, as the next earnings date, according to Stock Market Agent. The date gives the market a scheduled checkpoint for testing the earnings assumptions behind the IDR 14,300 target.

Operational data set the near-term frame

The October exploration disclosure leaves the Kestrel proceeds and first-half earnings as the larger quantified reference points for the company. The combination of USD 700 million in net divestment proceeds, USD 473.76 million in first-half net income and the IDR 14,300 analyst target gives Adaro Andalan Indonesia stock a clearly defined set of figures ahead of the next reporting date.