Key Indices


Top Stories
Company Update | Elnusa (ELSA IJ/BUY/Rp675/Target: Rp1,450)
- ELSA expects stronger 2H26 earnings as seismic projects convert backlog into revenue, while fuel transportation demand and new contracts support downstream business growth. Key growth initiatives include chemical EOR, Palaran and Kolaka fuel infrastructure, and international expansion into Algeria, Libya, India and Southeast Asia. ELSA also expects to participate in the Masela project and expand EOR opportunities across the Pertamina fields. Additionally, there is an ongoing Rp100b share buyback. Maintain BUY with a DCF-based target price of Rp1,450.
Technical Analysis
Dayamitra Telekomunikasi | MTEL IJ
- Trading Buy Range: We have a technical Buy at Rp460, and take profit at Rp486.
Indofood CBP Sukses Makmur | ICBP IJ
- Trading Buy Range: We have a technical Buy at Rp7,850, and take profit at Rp8,450.
Top Stories
Company Update | Elnusa (ELSA IJ/BUY/Rp675/Target: Rp1,450)
- ELSA expects stronger 2H26 earnings as seismic projects convert backlog into revenue, while fuel transportation demand and new contracts support downstream business growth. Key growth initiatives include chemical EOR, Palaran and Kolaka fuel infrastructure, and international expansion into Algeria, Libya, India and Southeast Asia. ELSA also expects to participate in the Masela project and expand EOR opportunities across the Pertamina fields. Additionally, there is an ongoing Rp100b share buyback. Maintain BUY with a DCF-based target price of Rp1,450.
Technical Analysis
Dayamitra Telekomunikasi | MTEL IJ
- Trading Buy Range: We have a technical Buy at Rp460, and take profit at Rp486.
Indofood CBP Sukses Makmur | ICBP IJ
- Trading Buy Range: We have a technical Buy at Rp7,850, and take profit at Rp8,450.
Key Indices


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