PTBA Coal Shares Under Pressure with Potential for Rebound

Bisnis.com, JAKARTA — Analysts have cut their outlook for PT Bukit Asam Tbk. (PTBA) shares after the coal miner posted weaker financial results in H1/2025, though expectations of a rebound in H2 continue to draw some investor interest.

Maybank Sekuritas Indonesia analysts Hasan Barakwan and Jeffronsenberg Chenlim downgraded PTBA from a “buy” to a “hold” rating in their latest report dated August 5, 2025, while slashing their target price from IDR 3,500 to IDR 2,600 per share.