
Top Stories
Strategy | Solar Energy Entering Acceleration Phase
Indonesia's solar sector has entered an acceleration phase, growing at a 55% CAGR since 2020 on utility-scale and rooftop adoption, though it still contributes just 0.5% of the power mix. Government incentives and PLN's 17.1GW RUPTL target underpin the outlook, while a 3.4GW Singapore export initiative adds a new growth vector. Key beneficiaries are ADRO, MEDC, and KEEN, while ARKO and HGII could potentially benefit.
Technical Analysis
Bumi Resources | BUMI IJ
Trading Buy Range: We have a technical Buy at Rp158, and take profit at Rp170.
Buana Lintas Lautan | BULL IJ
Trading Buy Range: We have a technical Buy at Rp386, and take profit at Rp420.

Top Stories
Strategy | Solar Energy Entering Acceleration Phase
Indonesia's solar sector has entered an acceleration phase, growing at a 55% CAGR since 2020 on utility-scale and rooftop adoption, though it still contributes just 0.5% of the power mix. Government incentives and PLN's 17.1GW RUPTL target underpin the outlook, while a 3.4GW Singapore export initiative adds a new growth vector. Key beneficiaries are ADRO, MEDC, and KEEN, while ARKO and HGII could potentially benefit.
Technical Analysis
Bumi Resources | BUMI IJ
Trading Buy Range: We have a technical Buy at Rp158, and take profit at Rp170.
Buana Lintas Lautan | BULL IJ
Trading Buy Range: We have a technical Buy at Rp386, and take profit at Rp420.
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