Sinarmas Sekuritas Ups RMK Energy Target Price by 48%

Analyst Upgrade Highlights Strong Operational Performance

Sinarmas Sekuritas has significantly raised its target price for PT RMK Energy Tbk (RMKE) to Rp 10,000 from previous Rp 6,700, maintaining their buy recommendation for the coal logistics company. This revision comes as RMKE's stock price has already reached the previous target, closing at Rp 6,725 on January 9, 2026.

Key Drivers Behind Target Price Revision

The upgrade is primarily driven by two key factors: higher-than-expected unloading volume in 2025 and positive guidance for 2026. The research firm notes that RMKE's operational performance has exceeded expectations, with management projecting 15 million tons of unloading volume for the coming year. This strong operational outlook has led Sinarmas Sekuritas to increase their target price by 48%, indicating significant potential upside from current levels.

Market Implications

The revised target price represents a substantial 48% increase from RMKE's closing price of Rp 6,725 on January 9, 2026. This potential upside, combined with the maintained buy recommendation, suggests that analysts expect continued strong performance from the company. The upgrade is likely to be well-received by investors, potentially driving further interest in the stock.