BUMI Stock Today: Still Worth Buying?

BUMI shares once again attracted investor attention on Friday, August 21, 2026.

BRI Danareksa Sekuritas listed PT Bumi Resources Tbk (BUMI) as one of its recommended stocks to buy after the JCI closed up 1.68% to 6,501.5 in the previous trading session.

Technically, BUMI is said to have formed an ascending triangle pattern and is testing the resistance level of IDR 190, with the potential to reach IDR 196-IDR 204 if it can break through that level.

On the fundamental side, the catalysts are also quite strong, with net profit in the second quarter of 2026 reaching IDR 1.01 trillion, well above the IDR 331.3 billion in the same period the previous year.

Key Points

1. BRI Danareksa Sekuritas recommends BUMI for trading on August 21, 2026, after the stock tested the resistance of Rp190.

2. If the breakout of Rp190 is confirmed, analysts see the opportunity for an increase towards Rp196-Rp204.

3. BUMI's fundamentals have also improved. In the first quarter of 2026, revenue rose 19.7% to US$417.7 million, and net profit increased 36.6% to US$41.1 million.

BUMI Gains Momentum from Soaring Earnings and Strengthening Market Sentiment

The question of whether BUMI shares are worth buying in August cannot be answered solely by price movements.

Market sentiment towards BUMI is currently supported by a combination of improving financial performance and capital inflows into commodity stocks.

In the first trading session on August 20, foreign investors recorded a net buy of IDR 66.84 billion in BUMI with a volume of around 357.20 million shares.

This figure was part of a net foreign buy of IDR 648.22 billion across all markets during the same session, when the JCI strengthened 1.47%.

This is crucial because BUMI is a stock that is highly sensitive to changes in commodity sector sentiment. As foreign investors begin to return to mining stocks, BUMI gains an additional catalyst beyond internal fundamentals.

Read Also : BUMI Shareholders: Complete List & 2026 Predictions

BUMI's 2026 Performance Begins to Show More Tangible Improvements

From a fundamental perspective, BUMI is entering 2026 with quite strong growth.

Bumi Resources' official data shows that revenue in the first quarter of 2026 reached US$417.7 million, up 19.7% from US$348.8 million in the same period the previous year.

What is more interesting is the growth in profitability.

Gross profit increased 61.6% to US$82.8 million.

Operating profit rose 75.8% to US$49.1 million, while pre-tax profit jumped 93.1% to US$55.3 million.

Net Profit Also Increased 36.6% to US41.1 million.

This improvement occurred even though BUMI's average selling price of coal actually fell 10% to US$58.6 per ton.

This means that increases in production, sales, and operational efficiency have successfully compensated for commodity price pressures.

Production rose 12% to 19.2 million tons, while sales increased 14% to 19.1 million tons. The strip ratio also improved from 8.4x to 7.7x.

Read Also: KIJA Stock Outlook 2026: After Sucor Securities Targets Rp250

The Rp190 Resistance Level Will Determine the Direction of BUMI Shares Today

Source: Yahoo Finance

Technically, BUMI is at an interesting point.

BRI Danareksa Sekuritas observed the formation of an ascending triangle pattern and stated that the stock had tested the resistance level of IDR 190.

This level is important because a breakout accompanied by volume can turn consolidation into further upward momentum.

If Rp190 is successfully broken and maintained, the stated technical target is at Rp196-Rp204.

However, investors should not consider Rp190 as a guarantee of an increase.

Failure to break through resistance could trigger profit-taking, especially after the JCI previously experienced a sharp increase.

In other words, the current BUMI setup is more attractive for confirmation-based strategies than chasing the price solely on buy recommendations.

Read Also: Buy US Stocks via Crypto, Get 7% Daily Rewards at Bittime

BUMI Shares in August Supported by Foreign Funds

Market sentiment is another factor to consider.

On August 20, BUMI was among the stocks that received net purchases from foreign investors amounting to IDR 66.84 billion.

At the same time, AMMN received a net buy of Rp333.40 billion, BBRI Rp186.23 billion, ANTM Rp114.91 billion, and BRMS Rp105.51 billion.

This pattern shows that foreign capital flows are not only directed towards BUMI, but also spread to other commodity stocks.

For BUMI, this condition is a catalyst because mining stocks are heavily influenced by investor perceptions of the commodity cycle and global market prospects.

On the other hand, investors need to distinguish between short-term cash flows and changes in investment trends.

Net buying in a single session is not enough to prove that foreign investors have built long-term positions.

Read Also: AMMN Stock Prospects After MSCI Exit

So, is BUMI stock worth buying?

For traders, BUMI currently has a fairly attractive setup, as it is near the resistance level of IDR 190, supported by positive market sentiment and recommendations from BRI Danareksa Sekuritas.

A breakout of Rp190 could open up room towards Rp196-Rp204, according to the analysis.

For more fundamentally oriented investors, bullish reasons are also starting to emerge from the growth in revenue, profits, production volumes, and operational efficiency.

Even when the average selling price of coal fell by 10%, BUMI was still able to significantly increase operating profit and net profit in the first quarter.

However, BUMI remains a stock that is sensitive to coal prices, stock market conditions, and changes in investor sentiment.

Therefore, increasing profits does not automatically mean that share prices will continue to rise.

Investors considering BUMI should monitor the price's ability to break through Rp190, as well as commodity performance developments and foreign capital flows.

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Conclusion

BUMI shares today have a fairly strong combination of catalysts.

Fundamentals are improving, foreign investors are recorded as making net buys, the JCI is trending positively, and BRI Danareksa Sekuritas has issued a buy recommendation for trading on August 21, 2026.

However, the Rp190 level is the main test.

If a breakout is successful with volume support, the target of IDR 196-IDR 204 will be an area to pay attention to.

Conversely, failure to pass through this resistance could cause BUMI to re-enter the consolidation phase.

So, is BUMI stock worth buying?

For now, the more accurate answer is: it's worth monitoring and considering for confirmation, not buying aggressively just because sentiment is positive.

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FAQ

What is the BUMI share price today?

On August 21, 2026, available sources indicated that BUMI was testing the resistance level of Rp190. The closing price on August 21 was not yet available from the sources used at the time of writing.

Why is BUMI stock attractive in August 2026?

BUMI received support from improved financial performance, foreign capital inflows, and positive sentiment towards commodity stocks.

What is the target price for BUMI shares?

BRI Danareksa Sekuritas sees an opportunity to reach Rp196-Rp204 if BUMI manages to break through the resistance of Rp190.

What are the risks of buying BUMI shares?a

The risks include failure to breakout resistance, changes in coal prices, profit-taking, and changes in investor sentiment towards commodity stocks.

Is BUMI suitable for long-term investment?

BUMI has improved fundamental performance, but long-term decisions still need to consider the coal price cycle, profitability, cash flow, and overall stock valuation.