Vale Indo stock gets a speculative buy call from Kiwoom
Published on 10/08/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Vale Indo stock (ISIN ID1000109309) received a speculative buy call with a target range of IDR 4,790-4,880. Kiwoom Research published the view on October 7, 2026, citing a rebound from short-term support and improving momentum indicators.
Kiwoom sets technical levels
The report placed the entry zone at IDR 4,260-4,360, support at IDR 4,100-4,200 and the cut-loss level at IDR 4,090. Its chart assessment identified an oversold Stochastic RSI and improving MACD momentum, while the recommendation remained explicitly speculative.
The technical setup matters because the stock remains well below the 52-week high of IDR 7,900. The current range also leaves the investment case exposed to nickel prices, project execution and permitting conditions.
First-half earnings provide support
Quartr reported that Vale Indonesia generated USD 543.1 million in revenue during the six months ended June 30, 2026, up from USD 426.7 million in the prior-year period, a 27 percent increase. Net profit reached USD 104.4 million, compared with USD 25.2 million a year earlier, while gross margin improved to 28 percent from 7 percent.
The operating improvement was paired with a funding and production constraint. Quartr said 2026 quotas were approved at 100 percent for Sorowako but at 30 percent for Pomalaa and Bahodopi, leaving quota increases and project execution as important variables for the second half.
Consensus target remains higher
Investing.com showed a Strong Buy consensus based on 16 analysts, with an average 12-month target of IDR 7,493.38. The published target range ran from IDR 6,213.59 to IDR 9,443.95, putting the average target 71.9 percent above the current IDX price.
For investors, the central contrast is clear: first-half revenue and profit improved sharply, but the near-term operating picture still depends on nickel prices and approvals for the lower-quota projects.
Vale Indo stock trades at IDR 4,360
Vale Indo stock was trading at IDR 4,360 on the IDX on October 8, 2026, at 2:23 p.m. WIB, up 2.35 percent from the prior close. The session range was IDR 4,250-4,560, and volume stood at 33,205,700 shares.
Vale Indo stock facts
- Company: PT Vale Indonesia Tbk
- ISIN: ID1000109309
- Ticker: INCO
- Trading venue: IDX
- Price (as of October 8, 2026, 2:23 p.m. WIB): IDR 4,360
- Market capitalization: IDR 46.0 trillion (as of October 8, 2026)
- 52-week range: IDR 3,770-7,900 (as of October 8, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
Upcoming dates for Vale Indo stock
- October 29, 2026: Q3 2026 earnings
