BUMI Stock: 2026 Predictions, Owners & Business Sectors

Bittime - Shares of PT Bumi Resources Tbk (BUMI) recorded the highest net buying by investors in early January 2026, with an accumulation of Rp1.08 trillion during the first four trading days of this year.

This issuer, which focuses on coal and mineral mining, is majority owned by the Bakrie and Salim business groups, with optimistic share price growth prospects according to analysts to the level of Rp500-Rp1,400 throughout the year.

Indonesia Stock Exchange data shows that BUMI's daily transactions dominate the market, supported by interest from foreign investors such as Dimensional Fund Advisors LP.

Key Points

- PT Bumi Resources Tbk is majority owned by the Bakrie Group and Salim Group through entities such as Mach Energy, with a public portion of around 35 percent.

- The main business areas include coal mining through subsidiaries such as Kaltim Prima Coal and Arutmin Indonesia, as well as diversification into minerals such as gold and copper.

- BUMI's share price prediction for 2026 is optimistic, reaching Rp500-Rp1,400, driven by the potential for inclusion in the MSCI index and the performance of its subsidiary BRMS.

- Early year transactions reached a cumulative Rp17.61 trillion, making BUMI the most active stock on the IDX.

Profile of PT Bumi Resources Tbk (BUMI)

PT Bumi Resources Tbk, which was founded in 1973, initially focused on hospitality before shifting to mining as its holding company.

Currently, its main business areas are exploration, production and marketing of thermal coal, with main operations in East and South Kalimantan.

Subsidiaries such as PT Kaltim Prima Coal manage concessions of around 90,000 hectares, while PT Arutmin Indonesia handles 70,000 hectares.

Diversification into minerals through PT Bumi Resources Minerals Tbk includes gold, zinc, and copper in various regions such as Sumatra and Sulawesi.

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Ownership structure of PT Bumi Resources Tbk (BUMI) 

The ownership structure shows the Bakrie Group as the historical controller, with influence through PT Bakrie Capital which holds approximately 1.18 percent of the shares.

Salim Group is involved via Mach Energy, which controls 45.78 percent, while foreign investors such as Chengdong Investment Corp contribute 10.68 percent.

The share of non-script holders reached 27 percent, making BUMI a public company with a wide share distribution. Long Haul Holdings Ltd. also became a significant shareholder following the debt restructuring.

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BUMI Stock Price Prediction 2026

BUMI stock predictions for 2026 tend to be bullish, with analysts such as those from OCBC Securities targeting Rp1,300 per share based on business diversification.

The potential entry into the MSCI Global Standard Index in February 2026 is expected to encourage foreign inflows, following the earlier entry of BRMS' subsidiary.

Bloomberg noted that 15 of 17 analysts recommended buying, with an average target of Rp1,160.

Stagnant 2025 performance in coal is projected to be offset by mineral expansion, including the acquisition of Wolfram Limited for gold and copper.

Stock movements at the start of this year reflected market optimism, with gains of up to 93 percent in the last month of 2025.

Technical analysts, such as those from BRI Danareksa Sekuritas, see the bullish trend continuing if it breaks through the resistance level of Rp402. However, a correction is at risk if it exceeds Rp700 per share before the end of January, due to the MSCI review period.

Diversification into Australia through the JML and Laman Mining projects is expected to increase production to 65 percent ownership.

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BUMI Business Areas

BUMI's business also includes oil exploitation in Yemen through Gallo Oil, although its main contributor remains coal, with a sales target of 77-78 million tonnes this year.

The company's vision to become an international operator in energy and mining is supported by a philosophy of business continuity.

Listed on the IDX since 1990, it has become a major player in the energy sector. In 2012, BUMI was ranked 1898th in the Forbes Global 2000.

Ultimate owners such as Bakrie and Salim retain strategic control albeit through foreign entities.

This allows for global expansion while maintaining local influence. Optimistic forecasts hinge on stable coal prices and increased mineral production. Investors are advised to monitor corporate actions such as new acquisitions.

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Conclusion 

BUMI shares rose 10.9 percent on January 5, supported by foreign net buying of Rp344 billion.

A technical target of IDR 450-IDR 500 per share seems realistic if momentum continues. Inflation and mining regulatory risks remain, but the business's shift to minerals mitigates these.

Overall, BUMI is in a strong position for 2026.

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FAQ

Who is the owner of PT Bumi Resources Tbk?

Majority owned by Bakrie Group and Salim Group through Mach Energy.

What is BUMI's business area?

Coal mining through Kaltim Prima Coal & Arutmin, plus minerals such as gold and copper.

What is the predicted price of BUMI shares in 2026?

Average Rp1,160, with a target of up to Rp1,400 from analysts.

Why are BUMI shares being bought a lot in early 2026?

Due to high transactions of IDR 17.61 trillion and foreign interest such as Dimensional Fund.

What is the potential for BUMI stock to rise?

Driven by MSCI index entry and mineral expansion, with regulatory risks