AKR Corporindo Likely Can Secure Petrol Supply Despite Mideast Conflict -- Market Talk

Dow Jones04-07

0724 GMT - AKR Corporindo likely can secure petrol supply despite the Middle East conflict, CGS International analysts say in a research report. At a recent analyst call, the logistics and supply chain company highlighted coordination with the Indonesian government to ensure petrol supply, supported by its long-term supplier relationships and strong working capital, the analysts note. Management guides for solid petrol demand in 1Q and could adjust customer mix if demand shifts later in 2026, the analysts say. The brokerage raises the stock's target price to IDR1,590.00 from IDR1,530.00 to reflect a valuation roll-forward, with an unchanged add rating. Shares are 5.3% higher at IDR1,395.00. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 07, 2026 03:24 ET (07:24 GMT)

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