STOXX 50 EUROPEAN BLUE CHIP INDEX HITS HIGHEST SINCE MARCH 2, LAST UP 0.9% ON DAY

Energi Mega Persada’s Bentu gas-producing asset has a promising outlook, according to UOB Kay Hian. The brokerage cited long-term gas offtake agreements with Indonesia’s state-owned PLN and industrial customers, as well as shared infrastructure with the Korinci Baru field that supports efficiency and lower costs. UOB Kay Hian said near-term catalysts include development of the Central East Napuh field and the launch of the North Segat Deep condensate separation plant. The firm raised its target price to 1,870 rupiah from 1,700 rupiah and maintained a buy rating.

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