Key Indices


Top Stories
Small/Mid Cap Highlights | Cikarang Listrindo (POWR IJ/NOT RATED/Rp910)
- POWR is a long-operating private power producer serving more than 2,500 industrial customers across five major estates under an exclusive IUPTLU. Its 1,194MW generation fleet remains underutilised at a 55% capacity factor, providing headroom to capture rising industrial and DC demand with limited incremental capex. POWR also offers strong profitability, a conservative 0.6x net debt/EBITDA position and around an 8% 2025 dividend yield supported by a 95-96% payout ratio.
Technical Analysis
Bukit Asam | PTBA IJ
- Trading Buy Range: We have a technical Buy at Rp2,470, and take profit at Rp2,600.
Perusahaan Gas Negara | PGAS IJ
- Trading Buy Range: We have a technical Buy at Rp1,535, and take profit at Rp1,615.
Top Stories
Small/Mid Cap Highlights | Cikarang Listrindo (POWR IJ/NOT RATED/Rp910)
- POWR is a long-operating private power producer serving more than 2,500 industrial customers across five major estates under an exclusive IUPTLU. Its 1,194MW generation fleet remains underutilised at a 55% capacity factor, providing headroom to capture rising industrial and DC demand with limited incremental capex. POWR also offers strong profitability, a conservative 0.6x net debt/EBITDA position and around an 8% 2025 dividend yield supported by a 95-96% payout ratio.
Technical Analysis
Bukit Asam | PTBA IJ
- Trading Buy Range: We have a technical Buy at Rp2,470, and take profit at Rp2,600.
Perusahaan Gas Negara | PGAS IJ
- Trading Buy Range: We have a technical Buy at Rp1,535, and take profit at Rp1,615.
Key Indices


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