MEDC

The escalation of the Middle‑East conflict has cut global oil supplies by an estimated 8‑11 million barrels per day, pushing Brent crude toward $80‑90 a barrel in the near term and potentially above $100 if the disruption persists. Analysts highlight Indonesian upstream firms such as PT Medco Energi Internasional (MEDC), PT Elnusa (ELSA), PT Energi Mega Persada (ENRG) and PT Raharja Energi Cepu (RATU) as the most likely beneficiaries, with MEDC singled out for a three‑month upside. Consequently, energy‑sector stocks remain attractive despite heightened price volatility.

Indonesia’s economy expanded 5.61 % year‑on‑year in Q1‑2026, buoyed by higher government spending and Ramadan‑Lebaran consumption. However, earnings of many BEI‑listed firms lagged the macro trend, while the steepest profit gains came from commodity‑focused stocks – Barito Pacific (+486 %), Medco Energi (+282 %), Hartadinata Abadi (+189 %), ESSA Industries (+131 %) and Bukit Asam (+105 %). The split left the broader market, including most LQ45 components, relatively muted despite the strong GDP growth, steering investor attention toward the outperforming commodity sector.

PT Medco Energi Internasional Tbk (MEDC) posted a 282 % jump in Q1‑2026 net profit and a 19.2 % rise in revenue to US$668.3 million, driven mainly by a 21 % increase in oil‑and‑gas sales. The strong results, together with higher oil prices and a rebound at PT Amman Mineral Internasional (AMMN), led analysts to raise earnings expectations for Medco and upgrade its target price. The upbeat outlook pushed MEDC’s share price up about 29 % in the session.

Medco Energi (MEDC) reported a first‑quarter 2026 net profit of USD 67.21 million, a 291 % jump from the USD 17.17 million earned a year earlier, driven by higher contract revenue and a strong contribution from associate and joint‑venture entities. The earnings surge lifted MEDC’s basic earnings per share to USD 0.00273 and is expected to buoy the company’s share price and add positive momentum to Indonesia’s broader equity market, especially the energy‑heavy LQ45 index.