Key Indices


Top Stories
Company Update | Energi Mega Persada (ENRG IJ/BUY/Rp1,085/Target: Rp1,870)
- ENRG’s Rp4.12t rights issue will support its strategic initiatives to grow group production through drilling, infrastructure, and EOR. While the US$200m HPK investment is potentially dilutive to our current valuation, we anticipate potential upside from HPK and future developments, which we have yet to quantify. Gebang remains a key near-term catalyst, with production expected to start in 1H27 at up to 40 mmcfd. We maintain BUY with a target price of Rp1,870.
Technical Analysis
Bumi Resources | BUMI IJ
- Trading Buy Range: We have a technical Buy at Rp184, and take profit at Rp200.
Buana Lintas Lautan | BULL IJ
- Trading Buy Range: We have a technical Buy at Rp370, and take profit at Rp400.
Top Stories
Company Update | Energi Mega Persada (ENRG IJ/BUY/Rp1,085/Target: Rp1,870)
- ENRG’s Rp4.12t rights issue will support its strategic initiatives to grow group production through drilling, infrastructure, and EOR. While the US$200m HPK investment is potentially dilutive to our current valuation, we anticipate potential upside from HPK and future developments, which we have yet to quantify. Gebang remains a key near-term catalyst, with production expected to start in 1H27 at up to 40 mmcfd. We maintain BUY with a target price of Rp1,870.
Technical Analysis
Bumi Resources | BUMI IJ
- Trading Buy Range: We have a technical Buy at Rp184, and take profit at Rp200.
Buana Lintas Lautan | BULL IJ
- Trading Buy Range: We have a technical Buy at Rp370, and take profit at Rp400.
Key Indices


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