Key Indices


Top Stories
Company Results | Indo Tambangraya Megah (ITMG IJ/HOLD/Rp24,150/Target: Rp25,800)
- 3Q26 net profit rose 43.7% yoy to US$56.9m, driven by higher ASP (+12.0% qoq) and sales volume (+6.7%). 9M26 earnings reached 68% of 2026 forecasts, or 77% excluding the US$19.2m impairment. New mine NPR commenced production, adding medium- to high-CV coal. ITMG also announced a Rp2.31t buyback through Feb 27 and treasury shares currently represent 7.24% of total shares. Maintain HOLD with a target price of Rp25,800.
Technical Analysis
Bumi Resources | BUMI IJ
- Trading Buy Range: We have a technical Buy at Rp127, and take profit at Rp140.
Bank Rakyat Indonesia | BBRI IJ
- Trading Buy Range: We have a technical Buy at Rp3,010, and take profit at Rp3,240.
Top Stories
Company Results | Indo Tambangraya Megah (ITMG IJ/HOLD/Rp24,150/Target: Rp25,800)
- 3Q26 net profit rose 43.7% yoy to US$56.9m, driven by higher ASP (+12.0% qoq) and sales volume (+6.7%). 9M26 earnings reached 68% of 2026 forecasts, or 77% excluding the US$19.2m impairment. New mine NPR commenced production, adding medium- to high-CV coal. ITMG also announced a Rp2.31t buyback through Feb 27 and treasury shares currently represent 7.24% of total shares. Maintain HOLD with a target price of Rp25,800.
Technical Analysis
Bumi Resources | BUMI IJ
- Trading Buy Range: We have a technical Buy at Rp127, and take profit at Rp140.
Bank Rakyat Indonesia | BBRI IJ
- Trading Buy Range: We have a technical Buy at Rp3,010, and take profit at Rp3,240.
Key Indices


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