▸Emiten: ITMG
PT Indo Tambangraya Megah Tbk
Ringkasan Bisnis
PT Indo Tambangraya Megah Tbk, together with its subsidiaries, engages in coal mining activities. The company operates mines in the island of Kalimantan covering East, Central, and South Kalimantan. It also owns and operates the Bontang Coal Terminal, loading ports, and power plant. In addition, the company provides mining support, coal and fuel trading, fuel distribution, coal transportation, and management consulting and alternative energy trading services, as well as engages in solar power generation activities. It primarily sells its coal in Indonesia, Philippines, Thailand, India, Taiwan, Malaysia, China, Hong Kong, Korea, Japan, Europe, Vietnam, and other countries. The company was founded in 1987 and is headquartered in South Jakarta, Indonesia. PT Indo Tambangraya Megah Tbk operates as a subsidiary of Banpu Minerals (Singapore) Pte. Ltd.
Latar Belakang
PT Indo Tambangraya Megah Tbk. (ITM) menjadi perusahaan pemasok batubara yang terintegrasi di Indonesia menjadi pemasok Batubara untuk pasar energi dunia. Perusahaan memiliki wilayah kerja di Kalimantan dengan tambang batubara yang dioperasikan dan dikelola anak perusahaan. Selain itu ITM memiliki beberapa anak perusahaan lain yang memberikan dukungan operasional dan berpotensi dikembangkan bagi bisnis energi Perusahaan di masa depan. Perusahaan juga terus menambah cadangan batubara untuk mendukung kesinambungan usaha.
Grafik Harga ITMG
Backtest: Harga vs. LPM [DYOR! Bukan Ajakan Jual / Beli!]
Buy / Sell Signal
Buy
Sell
Komposisi Pemegang Saham
- Insiders67.34%
- Institutions9.54%
- Public Float29.20%
- Shares Outstanding54
Alur Keuangan ITMG
Alur Arus Kas
Nilai dalam Rupiah. T = triliun, M = miliar. Arahkan kursor ke alur untuk melihat nilai.
Ringkasan Analisis Broker - Update Weekly!
- Emiten
- Periode
- 07 Agu 2025 — 10 Sep 2026
- Hari Perdagangan
- 262
- Jumlah Broker
- 86
- Broker Pemerintah
- 4
- Broker Asing
- 23
- Broker Lokal
- 59
Diperbarui: 11/9/2026, 09.26.47
- BEARISHFOREIGN NET SELLERAsing cumulative net -97,738 lots.
- BULLISHLOCAL BROKERS ACCUMULATINGLokal 5d: +3,270 lots.
Perbandingan Aliran per Tipe Broker
Statistik Volume
- Rata-rata Harian
- 20,051 lot
- Volume Maksimum
- 103,877 lot
- Tanggal Maksimum
- 25 Mar 2026
- Min Non-Zero
- 2,822 lot
- Rata-rata 5 Hari Terakhir
- 13,845 lot
Sinyal Naratif
Foreign exodus continues (Asing -97,738 lots net)
ZP and AI are the biggest cumulative sellers (-114,330 lots and -71,357 lots), accounting for 190% of total foreign outflow. RX is the most dangerous right now: -9,185 lots in 5 days and -20,178 lots over 10 days — the sharpest short-term acceleration of any foreign broker. This is the dominant structural signal across the entire 262-day window.
- ZP cumulative
- -114,330 lots
- AI cumulative
- -71,357 lots
- RX 5-day
- -9,185 lots
- RX 10-day
- -20,178 lots
- Asing 5-day net
- -7,611 lots
Foreign selling is slowing — early signs of stabilisation
5-day rate: -1,522 lots/day vs 20-day average: -6,041 lots/day. No extreme single-day sessions.
- Asing 5d rate
- -1,522 lots/day
- Asing 20d rate
- -6,041 lots/day
- Asing 5-day
- -7,611 lots
- Asing 20-day
- -120,816 lots
Government brokers (Pemerintah) buying — strong structural floor
NI is the most aggressive recent buyer: +3,712 lots in 5 days and +43,222 lots in 10 days (+8.9%). DX is steadily accumulating (-61 lots over 10 days). Combined Pemerintah net position: +444,920 lots. Latest session: +1,111 lots. State-linked buying historically caps downside in Indonesian blue chips.
- NI 5-day
- +3,712 lots
- NI 10-day
- +43,222 lots (+8.9%)
- DX 10-day
- -61 lots
- Pemerintah total
- +444,920 lots
- Latest session
- +1,111 lots
Top local broker PP actively accumulating
PP added +223 lots (+2787.5%) over 10 days. Lokal aggregate 5-day net: +3,270 lots. Local smart money is adding exposure.
- PP 10-day
- +223 lots (+2787.5%)
- Lokal 5-day net
- +3,270 lots
AK — biggest foreign buyer — still accumulating
AK holds +77,037 lots cumulative and added +7,447 lots in the last 5 days. The leading foreign player remains committed — a positive anchor for sentiment.
- AK cumulative
- +77,037 lots
- AK 5-day
- +7,447 lots
- AK latest day
- +1,786 lots
IF diverging — trimming while others buy
Despite a positive Lokal aggregate, IF sold -164 lots over 10 days (-50.2%). When a top-5 holder distributes against the crowd, it warrants attention as a potential early sign of exhaustion.
- IF cumulative
- +163 lots
- IF 5-day
- -113 lots
- IF 10-day
- -164 lots (-50.2%)
Top Pembeli (Akumulasi)
Posisi & Perubahan Broker Terbaru
| Broker | Tipe | Posisi (lot) | 5 hari | 10 hari | 20 hari | % 5 hari |
|---|---|---|---|---|---|---|
| Pemerintah | +530,922 | +3,712 | +43,222 | +136,797 | +0.7% | |
| Asing | +77,037 | +7,447 | +818 | -13,991 | +10.7% | |
| Asing | +75,500 | +2,835 | +3,915 | -8,351 | +3.9% | |
| Asing | +26,372 | -9,185 | -20,178 | -23,393 | -25.83% | |
| Asing | +12,031 | -415 | -2,283 | -3,929 | -3.33% | |
| Asing | +7,240 | -142 | -2,329 | -4,502 | -1.92% | |
| Pemerintah | +6,407 | +163 | -61 | -589 | +2.61% | |
| Asing | +964 | 0 | 0 | 0 | 0% | |
| Asing | +398 | +721 | -6,588 | -16,608 | +223.22% | |
| Lokal | +318 | 0 | 0 | +80 | 0% | |
| Lokal | +215 | +222 | +223 | +223 | +3,171.43% | |
| Lokal | +208 | 0 | -25 | -25 | 0% | |
| Lokal | +172 | 0 | 0 | +25 | 0% | |
| Lokal | +163 | -113 | -164 | -158 | -40.94% | |
| Lokal | +103 | 0 | +3 | +3 | 0% | |
| Lokal | +69 | 0 | 0 | 0 | 0% | |
| Lokal | +63 | -15 | -15 | -16 | -19.23% | |
| Lokal | +56 | +4 | +24 | +33 | +7.69% | |
| Asing | +34 | 0 | 0 | 0 | 0% | |
| Lokal | +30 | 0 | 0 | 0 | 0% | |
| Lokal | +6 | 0 | 0 | 0 | 0% | |
| Lokal | +3 | 0 | -2 | -33 | 0% | |
| Lokal | 0 | 0 | 0 | 0 | — | |
| Lokal | 0 | 0 | 0 | 0 | — | |
| Asing | -1 | 0 | 0 | 0 | 0% | |
| Lokal | -2 | 0 | 0 | 0 | 0% | |
| Lokal | -11 | 0 | 0 | 0 | 0% | |
| Lokal | -26 | 0 | 0 | 0 | 0% | |
| Lokal | -26 | 0 | 0 | 0 | 0% | |
| Lokal | -28 | 0 | 0 | 0 | 0% | |
| Lokal | -29 | 0 | 0 | 0 | 0% | |
| Lokal | -30 | +24 | +39 | +58 | +44.44% | |
| Lokal | -39 | -7 | -2 | -2 | -21.88% | |
| Lokal | -41 | +37 | +37 | +37 | +47.44% | |
| Lokal | -42 | 0 | 0 | 0 | 0% | |
| Lokal | -44 | 0 | 0 | 0 | 0% | |
| Lokal | -65 | -10 | -10 | -10 | -18.18% | |
| Lokal | -70 | 0 | 0 | 0 | 0% | |
| Lokal | -77 | 0 | 0 | +1 | 0% | |
| Asing | -80 | 0 | 0 | 0 | 0% | |
| Lokal | -104 | 0 | 0 | 0 | 0% | |
| Lokal | -124 | 0 | 0 | 0 | 0% | |
| Lokal | -141 | 0 | 0 | 0 | 0% | |
| Asing | -200 | 0 | 0 | 0 | 0% | |
| Lokal | -275 | 0 | -5 | -30 | 0% | |
| Lokal | -289 | -9 | -29 | -49 | -3.21% | |
| Lokal | -315 | 0 | 0 | -10 | 0% | |
| Lokal | -316 | +7,772 | +13,166 | +12,829 | +96.09% | |
| Lokal | -341 | 0 | 0 | -25 | 0% | |
| Lokal | -352 | 0 | 0 | -170 | 0% | |
| Lokal | -355 | 0 | 0 | 0 | 0% | |
| Lokal | -550 | +153 | +174 | +283 | +21.76% | |
| Lokal | -584 | +2 | -3 | +4 | +0.34% | |
| Lokal | -655 | +45 | +42 | -33 | +6.43% | |
| Lokal | -697 | +65 | +64 | -4 | +8.53% | |
| Asing | -738 | -32 | +36 | +38 | -4.53% | |
| Lokal | -861 | 0 | 0 | 0 | 0% | |
| Lokal | -1,294 | -40 | -33 | -64 | -3.19% | |
| Asing | -1,327 | -11 | -11 | -11 | -0.84% | |
| Asing | -1,327 | -3 | -1,350 | -6,218 | -0.23% | |
| Asing | -1,659 | +50 | +50 | +50 | +2.93% | |
| Lokal | -2,180 | -1,138 | -1,354 | -1,337 | -109.21% | |
| Lokal | -2,184 | -12 | -12 | -12 | -0.55% | |
| Lokal | -3,024 | +7 | -20 | -50 | +0.23% | |
| Lokal | -3,111 | -37 | -37 | -37 | -1.2% | |
| Asing | -3,233 | -93 | +100 | +23 | -2.96% | |
| Asing | -3,843 | +80 | -101 | -248 | +2.04% | |
| Lokal | -4,893 | +21 | -155 | -419 | +0.43% | |
| Lokal | -6,019 | -106 | -211 | -757 | -1.79% | |
| Lokal | -9,381 | +165 | -389 | -399 | +1.73% | |
| Asing | -9,622 | -247 | -1,295 | -2,006 | -2.63% | |
| Pemerintah | -9,974 | -126 | +3,105 | +2,773 | -1.28% | |
| Asing | -10,815 | -117 | -1,041 | -1,400 | -1.09% | |
| Lokal | -11,221 | -18 | -169 | -784 | -0.16% | |
| Asing | -15,453 | -3,336 | -4,884 | -2,740 | -27.53% | |
| Lokal | -20,116 | -181 | -167 | -1,787 | -0.91% | |
| Lokal | -30,120 | -1,128 | -1,142 | -1,482 | -3.89% | |
| Lokal | -34,016 | -69 | -706 | -2,271 | -0.2% | |
| Lokal | -40,864 | -58 | -817 | -1,606 | -0.14% | |
| Lokal | -42,986 | -1,261 | -2,078 | -4,255 | -3.02% | |
| Lokal | -45,571 | -1,384 | -4,341 | -7,620 | -3.13% | |
| Asing | -63,329 | -707 | -1,511 | -6,082 | -1.13% | |
| Asing | -71,357 | -2,919 | -3,992 | -4,681 | -4.27% | |
| Pemerintah | -82,435 | +625 | +1,414 | -5,649 | +0.75% | |
| Lokal | -83,008 | +339 | -20 | -2,380 | +0.41% | |
| Asing | -114,330 | -1,537 | -8,771 | -26,767 | -1.36% |
Catatan
- Izin tambang per 31 Dec 2023
- Perjanjian Karya Pengusahaan Pertambangan Batu Bara (PKP2B)PKP2B adalah perjanjian antara Pemerintah Indonesia dengan perusahaan yang ingin melakukan usaha tambang batu bara. Izin ini diberikan untuk kegiatan eksplorasi, eksploitasi, dan/atau pengolahan batu bara. Biasanya dalam jangka waktu yang panjang 20+ tahun.
- CcoW (Contract of Work)CcoW adalah kontrak kerja antara Pemerintah Indonesia dengan perusahaan tambang untuk mengelola dan mengoperasikan sumber daya mineral, seperti logam (emas, tembaga, nikel, dll.) atau mineral non-logam lainnya. Kontrak ini berlaku untuk kegiatan eksplorasi dan eksploitasi di lokasi tertentu.
- IUP (Izin Usaha Pertambangan) - Operasi Produksi (Eksploitasi)IUP (Izin Usaha Pertambangan) adalah izin yang diberikan oleh pemerintah daerah (provinsi atau kabupaten/kota) kepada perusahaan atau badan usaha yang ingin melakukan kegiatan pertambangan di Indonesia. IUP mengatur eksplorasi dan eksploitasi sumber daya alam, terutama mineral dan batu bara, dalam suatu wilayah tertentu.
- Stripping CostBiaya Proses penambangan termasuk pemindahan overburden dan material lain dan pengambilan batubara.