Mirae Asset set IDR 620 target for ESSA Industries Indonesia stock

Mirae Asset analyst Nafan Aji Gusta set an initial IDR 620 target for ESSA Industries Indonesia stock on October 5, 2026, according to Kompas.com. The same analysis listed IDR 640 and IDR 770 as higher targets, with the top level implying 30.51 percent upside from its reference area.

First-half revenue rose 34.8 percent

ESSA's official investor-relations figures show revenue of USD 186.5 million in the first half of 2026, up 34.8 percent from USD 138.0 million in the first half of 2025. The company also reported net profit attributable to owners of USD 30.2 million, double the USD 15.0 million recorded in the comparable period.

Gross profit reached USD 66.0 million in the first half of 2026, compared with USD 38.0 million a year earlier. Total assets stood at USD 693.3 million on June 30, 2026, while total equity was USD 554.2 million, according to ESSA.

Technical levels frame the stock

Kompas.com reported that Mirae Asset placed ESSA's preferred entry area between IDR 555 and IDR 615 on October 5, 2026. Its first target of IDR 620 was followed by IDR 640 and IDR 770, while support levels were identified at IDR 555 and IDR 505.

The setup gives the stock a defined technical map, but the targets are market analysis rather than company guidance. ESSA operates across LPG and ammonia production, and its reported revenue and profit figures are denominated in US dollars, leaving commodity pricing as an important earnings variable.

ESSA trades at IDR 580

ESSA shares stood at IDR 580 on the Indonesia Stock Exchange on October 8, 2026. The market capitalization was IDR 10.0 trillion, and the 52-week range was IDR 505.00 to IDR 995.00. The company has 17,226,975,700 outstanding shares and has been listed since February 1, 2012.