Medco Energi Internasional May Benefit from Quickening Capex into Visible Growth Projects
Dow Jones
2 hours ago
0711 GMT - Medco Energi Internasional may benefit from quickening capital expenditure into visible growth projects, CGS International analysts say in a research report. It raised 2026 oil and gas capex guidance to $450 million-$475 million from $415 million, and power capex guidance to $50 million from $15 million to accelerate development of Sakakemang Block and Dalle Energy Batam power plant expansion, the analysts note. Given ongoing Middle East tensions, the brokerage also lifts its Brent oil-price assumptions to $82.50-$90.00 per barrel for 2026-2027 from $80-$85 a barrel. It raises the stock's target price to 2,270.00 rupiah from 2,170.00 rupiah with an unchanged add rating. Shares are 1.1% higher at 1,390.00 rupiah.
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