0228 GMT - AKR Corporindo is likely accelerating change in its earnings mix, as shown by the 129% surge in its utilities revenue in 2025, UOB Kay Hian's Posmarito Pakpahan says in a report. This quickens the Indonesian energy distributor's shift toward recurring, higher-quality income, the analyst says. Management guides utilities revenue to grow 50% in 2026, with the Freeport smelter in Indonesia, which is expected to operate at full capacity in October or November, and Xinyi Solar as primary drivers. The brokerage raises the stock's target price to 1,600.00 rupiah from 1,525.00 rupiah to reflect valuation roll-forward, with an unchanged buy rating. Shares are 1.4% lower at 1,420.00 rupiah. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 22:28 ET (02:28 GMT)
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