0336 GMT - AKR Corporindo's 2025 earnings performance is likely to be solid, as there's no work permit approval delay to disrupt mining segment fuel demand as experienced last year, Maybank Sekuritas Indonesia analysts say in a research report. The Indonesian company will probably continue to cement its leading position in mining fuel and basic chemicals distribution, thanks to factors such as its extensive infrastructure for mining areas in remote locations, the analysts say. The brokerage forecasts the company's net income to grow at 8.1% CAGR for 2024-2027. It initiates coverage of the stock with a buy rating and a target price of IDR1,850.00. Shares are 1.25% higher at IDR1,215.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 23:36 ET (03:36 GMT)
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