{
    "success": true,
    "data": {
        "id": 1613418,
        "msgid": "adro-plans-share-buyback-will-share-price-rise-1773485534",
        "date": "2026-03-14 12:03:51",
        "title": "ADRO Plans Share Buyback, Will Share Price Rise?",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Finance",
        "summary": "PT Alamtri Resources Indonesia Tbk (ADRO) is preparing a share buyback programme valued at up to Rp 4 trillion, representing no more than 10% of issued capital, with an extraordinary shareholders' meeting scheduled for 17 April 2026 to approve the plan. The share has already gained 36.26% year-to-date, and analysts interpret the frequent buybacks as a signal that management considers the stock undervalued, though some caution that excessive cash deployment for buybacks could limit future capital availability for business expansion and green energy diversification.",
        "content": "<p>PT Alamtri Resources Indonesia Tbk (ADRO) is once again planning to\nrepurchase its own shares (buyback), coinciding with gains in its share\nprice throughout 2026. The question remains: does ADRO stock still hold\npotential for further appreciation?<\/p>\n<p>At the close of trading on Friday, 13 March 2026, ADRO shares were\ntrading at Rp 2,480 per share, down 20 points or 0.80% from the previous\nday. However, calculated from the beginning of 2026, the share price has\nappreciated by 660 points or approximately 36.26%.<\/p>\n<p>ADRO management plans to execute a share buyback with a maximum value\nof Rp 4 trillion, or no more than 10% of total issued capital.<\/p>\n<p>To implement this plan, ADRO will hold an Extraordinary General\nMeeting of Shareholders (RUPSLB) on 17 April 2026. If the plan receives\napproval, the buyback will commence on 20 April 2026 and will be carried\nout in stages through the Indonesia Stock Exchange over a maximum period\nof 12 months.<\/p>\n<p>ADRO management believes that the share buyback can enhance trading\nliquidity and allow share prices to more accurately reflect the\ncompany\u2019s fundamental value. Additionally, this measure is expected to\nstrengthen investor confidence.<\/p>\n<p>ADRO assures that the implementation of this buyback will not\nnegatively impact the company\u2019s financial performance, as the company\nhas adequate retained earnings and cash flow.<\/p>\n<p>ADRO is known as one of the issuers quite active in conducting share\nbuybacks. During the period 16 May \u2013 2 June 2025, ADRO repurchased\napproximately 33 million shares, equivalent to 0.11% of total\noutstanding shares.<\/p>\n<p>Subsequently, during the period 3 June 2025 to 28 February 2026, ADRO\nagain carried out a buyback of 556.19 million shares, or approximately\n1.89% of issued capital.<\/p>\n<p>Muhammad Wafi, Head of Research at Korea Investment &amp; Securities\nIndonesia, believes that the frequency of these buybacks indicates that\nADRO management views the company\u2019s shares as still undervalued.<\/p>\n<p>\u201cBuybacks also provide positive sentiment and help prevent the risk\nof share price decline,\u201d he said.<\/p>\n<p>However, Wafi also cautioned that the use of internal cash for\nbuyback still carries risk, as it can reduce the company\u2019s financial\nflexibility for expansion needs and business diversification into the\ngreen energy sector.<\/p>\n<p>Regarding ADRO share recommendations, Muhammad Wafi recommends ADRO\nshares with a target price of Rp 2,800 per share. Meanwhile, Senior\nMarket Analyst at Mirae Asset Securities, Nafan Aji Gusta, gives a hold\nrecommendation with a target price of Rp 2,550 per share. Nafan Aji\nGusta believes that the use of cash for buyback needs to be managed\ncarefully so as not to disrupt the company\u2019s operational and investment\nneeds.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/adro-plans-share-buyback-will-share-price-rise-1773485534",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}