0207 GMT - Buana Lintas Lautan is poised to have a strong profit windfall in 2026, UOB Kay Hian analysts say in a research report. The main driver is a substantial jump in shipping tanker rates, given the oil and gas tanker operator's exposure to overseas spot contracts and the deleveraging trend following its asset sales in 2021. The brokerage conservatively expects the Indonesian company's 2026 net profit to grow threefold this year, based on locked-in charter rates in May through mid-June at levels above 2025 averages, and incremental vessel additions. UOB Kay Hian initiates coverage of the stock with a buy rating and a target price of 750.00 rupiah. Shares last closed at 555.00 rupiah. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 23, 2026 22:07 ET (02:07 GMT)
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