Darma Henwa (DEWA) Bakrie Group Shares Soar, Here's Why

DEWA stock has become one of the Bakrie Group-listed companies drawing attention after posting a strong rally over the past few months. At the close on August 7, 2026, shares of PT Darma Henwa Tbk stood at Rp478, up around 0.84% in a single day. 

Previously, the price moved from Rp292 in early July to Rp472 by the end of July, reflecting an increase of more than 60% in one month.

Key Takeaways

• DEWA's net profit in the first half of 2026 surged by around 89% to Rp354.28 billion.
• The company allocated around Rp2.4 trillion in capex and had already realized Rp1.5 trillion by June 2026.
• DEWA officially joined the IDX30 starting August 3, 2026, providing an additional catalyst for investor attention.

DEWA Stock Surges: How Has the Price Moved?

DEWA's share price has shown strong momentum since early July 2026. The stock closed at Rp292 on July 1, then reached Rp440 on July 21 and Rp472 by the end of the month. During that period, several trading sessions even recorded daily gains of more than 9%-11%.

In the latest trading session before Monday, August 10, 2026, DEWA stood at Rp478. Its 52-week range was Rp210-Rp865, meaning the current price was still well below the highest point in that period.

DEWA Profit Rises 89% in the First Half of 2026

The company's fundamentals have become one of the catalysts currently watched by the market. PT Darma Henwa Tbk recorded net profit of Rp354.28 billion in the first half of 2026, surging by around 89% from Rp187.44 billion in the same period a year earlier.

The company's revenue reached around Rp3.2 trillion, growing by approximately 3% year over year. Cost efficiency helped gross profit rise 23.4% to around Rp612.16 billion, while operating profit increased 11.4% to Rp409.7 billion.

The increase in earnings per share from Rp5.39 to Rp9.03 also indicates improved profitability in the first half of 2026.

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Darma Henwa's Expansion Becomes the Next Catalyst

In addition to profit growth, Darma Henwa shares are benefiting from sentiment surrounding operational expansion. DEWA allocated around Rp2.4 trillion in capex throughout 2026. By the end of the first half, Rp1.5 trillion had already been realized, or 62.5% of the budget.

The funds are primarily directed toward supporting mining services projects at Kaltim Prima Coal and Arutmin Indonesia. DEWA has also secured a contract from PT Sabina Sumbermas Tambang with an estimated total value of around Rp22 trillion.

Also read: BUMI Stock: 2026 Prediction, Ownership & Business Sector

IDX30 Inclusion Adds More Attention to DEWA Stock

Another catalyst comes from the capital market. DEWA officially became a new IDX30 constituent while remaining in the LQ45, with its IDX30 inclusion effective starting August 3, 2026.

Inclusion in a liquid index can increase visibility among institutional investors and fund managers who use the index as a benchmark. Even so, index membership does not guarantee that the share price will continue to rise.

Also read: IATA Stock Potential After Leaving the MNC Group

Risks DEWA Investors Need to Monitor

A strong rally still comes with risks. DEWA's total liabilities reached around Rp9.51 trillion at the end of June 2026, up from Rp8.14 trillion at the end of 2025.

Investors also need to monitor the sustainability of operating profit, execution of new contracts, capex realization, cash flow, and share-price volatility. A rapid rally can increase the risk of profit-taking.

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Conclusion

DEWA stock is supported by several factors: a strong price rally, first-half 2026 profit growth of 89%, Rp2.4 trillion in capex expansion, major new contracts, and DEWA's inclusion in the IDX30.

The growth outlook remains interesting to monitor, but the rapid price increase means investors need to pay attention to valuation and correction risk. The next key focus is the company's ability to turn expansion into sustainable profit growth.

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FAQ

What Is DEWA Stock?

DEWA is the stock ticker for PT Darma Henwa Tbk, a company engaged in integrated mining services in Indonesia.

What Is the Latest DEWA Share Price?

DEWA last closed at Rp478 on August 7, 2026, up 0.84% from the previous trading session.

How Much Was DEWA's Profit in the First Half of 2026?

DEWA's net profit reached Rp354.28 billion, growing by around 89% compared with the same period a year earlier.

Why Is DEWA Stock Attracting Attention?

The market is watching DEWA's profit growth, business expansion, new contracts, and inclusion in the IDX30. This combination of factors has strengthened investor attention toward the stock.

Can DEWA Stock Still Rise?

The outlook still depends on operating performance, profit growth, project execution, valuation, and market conditions. The previous rally does not guarantee that the price will continue to rise.