Key Indices


Top Stories
Small/Mid Cap Highlights | Bukit Asam (Persero) (PTBA IJ/NOT RATED/Rp3,180)
- Following 1H26 production of 19.45mt, PTBA's output could reach 28.55mt in 2H26 (+46.8% hoh), implying 2026 production of around 48mt. Earnings should be supported by firmer coal prices, a higher export mix, and manageable cost pressures. Longer-term growth catalysts include the Kramasan project completion, Sumsel 8 ramp-up, and Mempawah power plant expansion. PTBA currently trades at 7.8x 2026F PE and offers an attractive dividend yield potential of 6-10%.
Technical Analysis
Sumber Alfaria Trijaya | AMRT IJ
- Trading Buy Range: We have a technical Buy at Rp1,325, and take profit at Rp1,400.
Bukit Asam | PTBA IJ
- Trading Buy Range: We have a technical Buy at Rp3,160, and take profit at Rp3,400.
Top Stories
Small/Mid Cap Highlights | Bukit Asam (Persero) (PTBA IJ/NOT RATED/Rp3,180)
- Following 1H26 production of 19.45mt, PTBA's output could reach 28.55mt in 2H26 (+46.8% hoh), implying 2026 production of around 48mt. Earnings should be supported by firmer coal prices, a higher export mix, and manageable cost pressures. Longer-term growth catalysts include the Kramasan project completion, Sumsel 8 ramp-up, and Mempawah power plant expansion. PTBA currently trades at 7.8x 2026F PE and offers an attractive dividend yield potential of 6-10%.
Technical Analysis
Sumber Alfaria Trijaya | AMRT IJ
- Trading Buy Range: We have a technical Buy at Rp1,325, and take profit at Rp1,400.
Bukit Asam | PTBA IJ
- Trading Buy Range: We have a technical Buy at Rp3,160, and take profit at Rp3,400.
Key Indices


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