FROM EQUITY RESEARCH DESK
IDEA OF THE DAY
Medco Energi International: Solid FY27F Pipeline and AMMN Ramp-Up, with Growth Optionality from New Assets (MEDC.IJ Rp1,440; BUY TP Rp2,300)
- Sambar, Rebonjaro and Sakakemang lift FY27F production outlook from 170 to 178 mboepd (+4.6% y-y).
- We also raise our estimate on AMMN contribution and oil price assumptions amid tightening supply outlooks.
- Overall, we revised FY26F-28F net profit est. by 27-62% and TP to Rp2,300; Nawasena and Cendramas PSC offer growth upside.
To see the full version of this report, please click here
To see the full version of this snapshoot, please click here
MARKET NEWS
MACROECONOMY
US Trade Deficit Widened to US$105.6bn in Aug26
The US trade deficit widened to US$105.6bn in August 2026 from US$92.8bn in July, exceeding the US$102.0bn consensus and marking the largest gap since March 2025. Imports surged US$17.2bn to a record US$420.8bn, led by industrial supplies and materials, particularly crude oil and nonmonetary gold, and higher capital goods imports. Exports increased US$4.5bn to US$315.2bn, driven by industrial supplies and capital goods, partly offset by lower pharmaceutical exports. Services trade was little changed. (Bloomberg)
SECTOR
Top Foreign Flow – JCI, October 6, 2026
.png)
Commodity Price Daily Update October 6, 2026
.png)
CORPORATE
|
Danantara Invests US$250mn in HighPeak Energy’s Permian Basin Assets Danantara Indonesia, through PT Danantara Investment Management (DIM), has invested US$250mn in US oil and gas producer HighPeak Energy through the issuance of convertible preferred stocks in several stages. The investment provides DIM exposure to predominantly oil-focused assets in the Permian Basin, Texas, one of the largest oil-producing regions in the US. (Bisnis)
ENRG Invests US$200mn in HighPeak Energy ENRG has signed an agreement with Nasdaq-listed US oil and gas company HighPeak Energy (HPK) to invest US$200mn (Rp3.6tr) through newly issued convertible preferred shares. HighPeak focuses on hydrocarbon exploration and development in the Midland Basin, West Texas, and recorded average sales volume of 45,456 BOEPD in 1H26. ENRG said the investment forms part of its organic and inorganic growth strategy across Indonesia and international markets. (Investor Daily)
GIAA’s Sabre Indonesia Partners with DOKU to Integrate Deposit System Sabre Indonesia, a subsidiary of GIAA, has partnered with payment platform DOKU to integrate DOKU’s Deposit System into Sabre Indonesia’s Global Distribution System (GDS) platform. The integration is designed to centralize fund management and provide more flexible payment options for travel agents. (Bisnis)
PTPP Secures Rp9.3tr New Contracts Through Aug26 PTPP secured Rp9.3tr in new contracts through Aug26, supporting its Back to Core strategy focused on strengthening its core business and securing quality projects with measured risk profiles. Government-funded projects accounted for 66% of new contracts, followed by private projects at 18% and SOE projects at 16%. By business line, Roads & Bridges contributed the largest share at 38%, followed by Buildings at 18% and Smelters & Mining at 16%. (Emiten News) |
