
Top Stories
Company Update | Buana Lintas Lautan (BULL IJ/BUY/Rp416/Target: Rp750)
BULL's fleet is set to nearly double to about 21 vessels by 2H26, capitalising on freight rates that should stay elevated even as US-Iran tensions ease. 2Q26 results, expected in August, should show a strong qoq print on higher Aframax and Handysize rates. Maintain BUY with a target price of Rp750. Catalysts include strong 2Q26 results, timely vessel delivery, and clarity on the potential corporate action deal.
Technical Analysis
Indah Kiat Pulp & Paper | INKP IJ
Trading Buy Range: We have a technical Buy at Rp7,950, and take profit at Rp8,600.
Indika Energy | INDY IJ
Trading Buy Range: We have a technical Buy at Rp2,610, and take profit at Rp2,770.

Top Stories
Company Update | Buana Lintas Lautan (BULL IJ/BUY/Rp416/Target: Rp750)
BULL's fleet is set to nearly double to about 21 vessels by 2H26, capitalising on freight rates that should stay elevated even as US-Iran tensions ease. 2Q26 results, expected in August, should show a strong qoq print on higher Aframax and Handysize rates. Maintain BUY with a target price of Rp750. Catalysts include strong 2Q26 results, timely vessel delivery, and clarity on the potential corporate action deal.
Technical Analysis
Indah Kiat Pulp & Paper | INKP IJ
Trading Buy Range: We have a technical Buy at Rp7,950, and take profit at Rp8,600.
Indika Energy | INDY IJ
Trading Buy Range: We have a technical Buy at Rp2,610, and take profit at Rp2,770.
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