Phintraco sets IDR 155 target for Bumi Res stock

Published on 10/27/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 27.90 percent to USD 866.80 million. Bumi Res stock costs EUR 0.01 on October 27, 2026, unchanged versus the Gettex close.

Analyst target and key figures

Phintraco Sekuritas set an IDR 155.00 to IDR 158.00 target on October 26, 2026.
First-half 2026 revenue rose 27.90 percent to USD 866.80 million.
Bumi Res stock costs EUR 0.01 at Lang & Schwarz on October 27, 2026 at 4:04 p.m. CET, unchanged versus the Gettex close of October 26, 2026.
Market capitalization stood at IDR 47.5 trillion on October 27, 2026.

Bumi Res, ID1000068703, Illustration mit AI erstellt.

Bumi Res (ID1000068703) has an IDR 155.00 to IDR 158.00 share-price target from Phintraco Sekuritas, which published its assessment on October 26, 2026. The range compares with a market price of about IDR 140.00 in the report and reflects the research firm's view that the company remains below fair value. Bumi Res was trading at EUR 0.01 at Lang & Schwarz on October 27, 2026 at 4:04 p.m. CET, unchanged versus the Gettex close of October 26, 2026.

Analyst target follows stronger earnings

Phintraco projected 2026 revenue of USD 1.62 billion, up 13.40 percent from the prior year, while its 2028 estimate reached USD 2.32 billion. The research also cited first-half 2026 revenue of USD 866.80 million and net income of USD 59.00 million. According to Kontan, the analyst expects the mineral portfolio to support diversification, but the new assets are not yet included materially in the projection.

Stock stays below its yearly high

The Jakarta-listed shares last stood at IDR 128.00 on October 27, 2026, down 6.57 percent from the prior Indonesian session close of IDR 137.00. The 52-week range was IDR 117.00 to IDR 484.00, leaving the latest home-market price 73.55 percent below the high and 9.40 percent above the low. Trading volume reached 2,878,091,700 shares.

Expansion adds a second commodity angle

Bumi Resources acquired all of Mount Margaret Mining in Australia for USD 22.01 million through its subsidiary on October 23, 2026, according to IDNFinancials. The project covers copper and gold resources, while the company still derives most revenue from coal. In the first half of 2026, revenue increased 27.90 percent from USD 677.90 million, and profit before tax rose 102.50 percent to USD 104.30 million. The figures give the analyst target a stronger earnings backdrop, but the acquisition's future contribution depends on development spending and production timing.

Comparison with peers

Bumi Res: unchanged versus the Gettex close, P/E 0.02, market capitalization IDR 47.5 trillion.

Alamtri Resources Indonesia (IDX, IDR): up 0.41 percent, P/E 6.72, market capitalization IDR 68.4 trillion.

Bukit Asam (IDX, IDR): down 1.55 percent, P/E 7.69, market capitalization IDR 36.5 trillion.

Market position and trading view

Bumi Res combines a low reported P/E with a wide 52-week range, highlighting the gap between current market pricing and the analyst target. The next material valuation test is whether mineral expansion can add earnings without weakening operating cash flow.

Bumi Res was trading at EUR 0.01 at Lang & Schwarz on October 27, 2026 at 4:04 p.m. CET, unchanged versus the Gettex close of October 26, 2026 at EUR 0.01. The further course of trading is shown by the continuously updated real-time quote of Bumi Res stock.