The Bank Indonesia (BI) Board of Governors’ Meeting (RDG) held on June 17-18, 2026, ended up with a decision to increase the interest rate by 25 bps to 5.75%. In addition, BI also raised the Deposit Facility and Lending Facility Rate by 25 bps to 4.75% and 6.50%, respectively. The cumulative 100 bps increase in BI-rate from April 2026 was primarily aimed at supporting Rupiah stability against depreciation pressures stemming from heightened geopolitical uncertainty in the Middle East, while simultaneously anchoring inflation expectations within the BI target range of 2.5±1%.

June 19th, 2025

>Indeks di Wall Street ditutup menguat pada Kamis (18/6).

>AS dan Iran menandatangani kesepakatan perdamaian sementara.

>Bursa Wall Street libur Juneteenth pada Jumat (19/6).

>BoE mempertahankan suku bunga pada level 3.75% (18/6).

>RDG BI menaikkan BI Rate sebesar 25 bps menjadi 5.75% (18/6).

>Pertumbuhan kredit sebesar 11.51% YoY di Mei 2026 dari 9.98% YoY di April 2026 (18/6).

>Harga minyak mentah cenderung stabil (18/6).

>U.S. 10-year Bond Yield turun 1 bps di level 4.453% (18/6).

>Harga emas spot melemah 0.6% di level US$4,232/troy oz (18/6).

>Diperkirakan IHSG cenderung berkonsolidasi pada kisaran level 6100-6250.

>Top picks (19/6): BRPT, INKP, PTRO, RATU dan MDKA.

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Initial Jobless Claims di AS turun 4 ribu menjadi 226 ribu pada pekan kedua Juni 2026, mendekati ekspektasi pasar sebesar 225 ribu. Sementara itu, klaim lanjutan naik 24 ribu menjadi 1.81 juta pada pekan pertama Juni 2026, level tertinggi dalam hampir tiga bulan, tetapi secara historis pasar tenaga kerja masih tergolong solid dengan tren PHK rendah dan perekrutan yang juga rendah.

Bank Indonesia meningkatkan suku bunga acuan sebesar 25bps menjadi 5.75% pada 18 Juni 2026. Selain itu, suku bunga Deposit Facility dan Lending Facility juga naik 25bps menjadi 4.75% dan 6.50%. Langkah tersebut diambil untuk memperkuat stabilisasi nilai tukar Rupiah terhadap mata uang asing dan menjaga inflasi dalam target BI (2.5±1%).

Global oil prices have experienced a significant increase since late February 2026, in line with geopolitical tensions in the Middle East between the United States and Israel against Iran.

In mid-June 2026, global oil prices were below US$80/Bbl, experiencing a decrease following a peace agreement between the United States and Iran. However, prices remained relatively higher than before the conflict, at around US$65–70/Bbl.

OPEC oil production decreased significantly starting in March 2026, in line with the decrease in production by Middle East countries due to geopolitical tensions between the United States and Israel against Iran since the end of February 2026, making the global oil supply tighter.

The government is targeting national oil production of 1 million barrels per day in 2030. This is part of the government’s efforts to strengthen national energy security, considering that national oil production tends to decrease every year.

Upstream oil and gas investment continues to increase. The government is targeting upstream oil and gas investment of US$16.0 billion, or an increase of 3.9% YoY in 2026. Higher investment is expected to drive exploration activities, the development of new fields, and production optimization, thereby supporting national energy security in the long term.

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The Fed maintained its Federal Funds Rate (FFR) unchanged at 3.50%-3.75% for a fourth consecutive meeting on June 17, 2026. The Fed assessed that US economic activity continued to experience robust growth amid persistent global uncertainty, while US inflation has continued to rise due to geopolitical tensions in Middle East. Going ahead, the Fed is committed to establish a task force to improve the effectiveness of its communication strategy in addressing the continuing inflation rise.

Code : PRDL
Sector : Healthcare
Sub-Sector : Healthcare Equipment

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PERKIRAAN JADWAL PENAWARAN UMUM PERDANA SAHAM

Perkiraan Tanggal Efektif :
29 Juni 2026

Perkiraan Masa Penawaran Umum :
1 Juli 2026 – 7 Juli 2026

Perkiraan Tanggal Penjatahan :
7 Juli 2026

Perkiraan Tanggal Distribusi Saham :
8 Juli 2026

Perkiraan Tanggal Pencatatan Saham di BEI :
9 Juli 2026

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STRUKTUR PENAWARAN UMUM PERDANA SAHAM

Sebanyak-banyaknya sebesar 522,900,000 (lima ratus dua puluh dua juta sembilan ratus ribu) saham biasa atas nama, atau sebanyak-banyaknya sebesar 30.00% (tiga puluh koma nol nol persen) dari modal ditempatkan dan disetor Perseroan setelah Penawaran Umum Perdana Saham dengan nilai nominal Rp50,- (lima puluh rupiah) setiap saham

Nilai Nominal :
Rp50 per lembar saham

Harga Penawaran :
Rp100 – Rp120 per lembar saham

Jumlah Penawaran Umum :
Sebanyak-banyaknya sebesar Rp62,748,000,000 (enam puluh dua miliar tujuh ratus empat puluh delapan juta Rupiah)

Penjamin Pelaksana Emisi Efek:
PT Sucor Sekuritas

Penjamin Emisi :
Akan ditentukan kemudian

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June 18th, 2025

>Indeks di Wall Street ditutup melemah pada Rabu (17/6).

>Yield obligasi AS meningkat karena the Fed mengindikasikan kenaikan suku bunga tahun ini.

>Seperti yang diperkirakan the Fed mempertahankan suku bunga tetap di 3.5%-3.75% (17/6).

>Diperkirakan BoE mempertahankan suku bunga tetap di 3.75% (18/6).

>Menurut konsensus diperkirakan RDG BI akan menaikkan BI Rate sebesar 25 bps menjadi 5.75% (18/6).

>Investor menantikan MSCI Global Market Accessibility Review dan rebalancing indeks FTSE (19/6).

>Harga minyak mentah menguat hampir 1% (17/6).

>U.S. 10-year Bond Yield naik lebih dari 7 bps di level 4.499% (17/6).

>Harga emas spot melemah 1.03% di level US$4,285/troy oz(17/6).

>Diperkirakan IHSG bergerak sideways cenderung melemah pada kisaran 6100-6350.

>Top picks (18/6): MAPI, MSIN, JSMR, HEAL dan ESSA.

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The Fed mempertahankan suku bunga acuan di kisaran 3.50%-3.75% pada pertemuan Juni 2026, sesuai ekspektasi pasar, sekaligus menjadi rapat pertama di bawah kepemimpinan Ketua The Fed yang baru, Kevin Warsh. Proyeksi terbaru menunjukkan pertumbuhan ekonomi AS tahun 2026 diperkirakan melambat menjadi 2.2% YoY, sementara proyeksi inflasi PCE direvisi naik tajam menjadi 3.6% YoY, mencerminkan tekanan inflasi yang masih tinggi di tengah ketidakpastian akibat konflik di Timur Tengah. Meski demikian, aktivitas ekonomi dan pasar tenaga kerja tetap dinilai solid, dengan sebagian besar pejabat The Fed masih membuka peluang kenaikan suku bunga lebih lanjut tahun ini.

Bank Indonesia berhasil melelang Sekuritas Rupiah Bank Indonesia (SRBI) tenor 352 hari yang jatuh tempo pada Juni 2027 senilai Rp42.6 triliun. Permintaan investor tercatat sebesar 1.12 kali dari jumlah yang ditawarkan, dengan yield saat ini (17/6) sebesar 7.64%.

U.S. Housing Starts turun 15.4% MoM pada Mei 2026, dengan multi-family housing starts dan single-family housing starts masing-masing turun 41.6% dan 1.9%. Selain itu, U.S. Building Permits turun 0.7% MoM menjadi 1.42 juta unit (annualized) pada Mei 2026 yang disebabkan oleh melemahnya izin untuk bangunan.

Menteri Keuangan RI Purbaya Yudhi Sadewa, menilai meredanya konflik antara AS dengan Iran berpotensi memberikan ruang fiskal yang lebih longgar bagi pemerintah. Penurunan harga minyak yang mendekati asumsi APBN diperkirakan akan mengurangi kebutuhan subsidi energi, sehingga anggaran negara dapat dialokasikan lebih besar untuk membiayai berbagai program prioritas pemerintah.

June 17th, 2026

Indeks di bursa Wall Street ditutup mixed pada Selasa (16/6).

Euforia dari kesepakatan perdamaian sementara antara AS-Iran mereda.

Fed diperkirakan akan mempertahankan suku bunga tidak berubah (17/6).

Bank of Japan menaikkan suku bunga acuan sebesar 25 bps menjadi 1% (16/6).

Data penjualan ritel Tiongkok turun 0.6% YoY di Mei 2026 (16/6).

Harga minyak mentah melemah lebih dari 5% di bawah level US$80/barel (16/6).

U.S. 10-year Bond Yield turun 3 bps di level 4.435% (16/6).

Harga emas spot menguat 0.8% di level US$4,338/troy oz(16/6).

Diperkirakan IHSG pada bergerak pada rentang 6150-6400.

Top picks (17/6): BMRI, BBCA, MYOR, UNVR dan ANTM.

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>Coal prices have surged 42% YTD to US$151.25/t, the highest level since September 2023, driven by Indonesia’s production quota cut, higher oil prices, and geopolitical tensions that have increased demand for coal as a substitute for natural gas.

>Despite an 8% YoY decline in China’s coal imports during May 2026, the impact on global coal markets remains limited as elevated LNG and natural gas prices continue to support coal consumption across major Asian economies.

>Rising geopolitical tensions between the United States and Iran have strengthened the investment case for coal by increasing energy supply risks, supporting higher oil and gas prices, and improving coal’s competitiveness as an alternative fuel source.

>Indonesia introduced several policy changes in 2026, including lower production quotas, a proposed windfall tax, higher DMO allocation, coal gasification projects worth Rp164tn, and a new export governance framework through PT DSI that is expected to be fully implemented from 2027.

>We remain constructive on the sector given supportive coal prices, resilient Asian demand, and long-term growth from downstream and diversification initiatives, although regulatory changes remain key risks to monitor.

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MEDC booked revenue growth of 19.24% YoY to US$668.3 million in 1Q26. This growth was driven by increased revenue in almost all business segments, except for the power segment, which decreased by 2.19% YoY to US$43.4 million in 1Q26, despite power sales increasing by 20.8% YoY to 1,053 GWh following the completion of the Ijen and ELB expansion projects in 2025.

E&P oil and gas revenue increased by 11.38% YoY to US$420.6 million in 1Q26, driven by the addition of 24% participation interest in Corridor, new production from Forel and Terubuk in South Natuna Block B, and increases in average oil and gas prices of 3.9% YoY to US$75.1/bbl and 1.4% YoY to US$7.2/mmbtu, respectively.

MEDC’s net profit increased by 251.44% YoY to US$72.2 million in 1Q26, driven by a share of profit from associates and joint ventures of US$44.6 million, compared to a loss of US$20 million in 1Q25. On the other hand, other expenses decreased to US$1.2 million in 1Q26, primarily due to foreign exchange losses turning into gains.

MEDC has a strategic position as an integrated oil and gas producer with significant exposure to oil prices. MEDC has a portfolio of upstream oil and gas assets spread across Indonesia, the Middle East, and Southeast Asia. The exploration and production (E&P) business remains the primary contributor to the Company’s revenue and EBITDA, placing MEDC in an advantageous position as global oil prices remain at high levels.

MEDC has entered a phase of stronger production growth following the successful operation of several strategic oil and gas projects resulting from investments made over the past few years. The operation of the Forel and Terubuk fields in Natuna, which have a production capacity of approximately 30 mboepd, has become the primary catalyst for increased production volumes while also strengthening the Company’s operating cash flow.

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