Phintraco sets IDR 1,600 target for Mayora stock

Published on 10/17/2026 at 19:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 46.55 percent to IDR 1.70 trillion in first-half 2026. Mayora stock was last at IDR 1,370 on October 16, 2026, down 6.80 percent on IDX.

Analyst view and market position

Phintraco Sekuritas analyst Alrich Paskalis Tambolang set an IDR 1,600 target on October 14, 2026.
Mayora reported IDR 1.70 trillion in first-half 2026 net income, up 46.55 percent year over year.
Mayora stock was last at IDR 1,370 at 4:14 p.m. WIB on October 16, 2026, down 6.80 percent versus the prior close.
Mayora traded at a P/E of 9.00 and a market capitalization of IDR 30.4 trillion on October 16, 2026.

Mayora, ID1000060007, Illustration mit AI erstellt.

Phintraco Sekuritas analyst Alrich Paskalis Tambolang set a target of IDR 1,600 for Mayora stock on October 14, 2026, leaving 16.79 percent upside from the last quoted IDR 1,370. The target appeared in Kontan. Mayora stock was last at IDR 1,370 at 4:14 p.m. WIB on October 16, 2026, down 6.80 percent versus the prior close of October 15, 2026.

Profit growth carries a caveat

Mayora reported IDR 1.70 trillion in net income for the first half of 2026, up 46.55 percent from IDR 1.16 trillion a year earlier. Revenue reached IDR 17.92 trillion, increasing 0.70 percent from IDR 17.79 trillion in the first half of 2025, according to DiaNet Indonesia. The gap between profit and revenue growth makes cost control and earnings quality important for the next reporting period.

Price sits below the yearly high

The October 16 price was 44.98 percent below Mayora's 52-week high of IDR 2,490 and 8.73 percent above its low of IDR 1,260. Trading volume reached 27,381,400 shares, compared with an average volume of 12,343,492 shares. The quote was 6.80 percent lower than the prior session, while the wider consumer group also weakened.

Valuation stays below the target

Mayora had a price-to-earnings ratio of 9.00 and a market capitalization of IDR 30.4 trillion on October 16, 2026. The analyst target of IDR 1,600 was 16.79 percent above the quoted price in the same rupiah currency. IDX Channel reported on October 11, 2026 that BRI Danareksa also projected Mayora revenue to rise 7.30 percent year over year and set a target of IDR 2,500. That target is a separate view from the IDR 1,600 level cited above.

Comparison with peers

Mayora: minus 6.80 percent, P/E 9.00, market capitalization IDR 30.4 trillion.

Indofood CBP Sukses Makmur (IDX, IDR): minus 9.35 percent, P/E 9.94, market capitalization IDR 73.5 trillion.

Unilever Indonesia (IDX, IDR): minus 12.58 percent, P/E 13.94, market capitalization IDR 52.8 trillion.

Market details for investors

Mayora operates in packaged foods and beverages, with products sold in Indonesia and international markets. Its first-half earnings growth was supported partly by foreign-exchange gains, while revenue growth remained limited to 0.70 percent. The next market reading will center on whether sales growth can catch up with the stronger profit result.

The price position and analyst targets point to a wide spread of market expectations. The IDR 1,600 target is 16.79 percent above the October 16 quote, while the 52-week high remains IDR 2,490.