Sucor sets IDR 2,020 target for Pertamina Gas Negara stock

Published on 10/15/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sucor set IDR 2,020 target on October 8, 2026. Pertamina Gas Negara stock costs EUR 0.07 on October 15, 2026, with IDX last price IDR 1,395.

Analyst view and operating scale

Sucor set an IDR 2,020 target for Pertamina Gas Negara stock on October 8, 2026.
Fiscal year 2025 revenue reached USD 3.90 billion, while operating profit was USD 519.60 million.
Pertamina Gas Negara stock trades at EUR 0.07 at 10:03 a.m. CEST at Lang & Schwarz on October 15, 2026.

Pertamina Gas Negara, ID1000111602, Illustration mit AI erstellt.

Pertamina Gas Negara stock (ISIN ID1000111602) was at EUR 0.07 at Lang & Schwarz on October 15, 2026 at 10:03 a.m. CEST. The latest usable analyst signal came on October 8, 2026, when Sucor Sekuritas set an IDR 2,020 target and retained a buy recommendation, according to Kontan.

What supports the target?

Sucor analyst Giovanus Marcell Lie projected fiscal year 2026 gas distribution volume of 878 BBTUD, a 5 percent year-over-year increase. The same report put projected net cash at USD 0.9 billion and annual operating cash flow at USD 0.7 billion, while a Gunvor arbitration claim of USD 130.4 million remains a material risk.

Kontan also reported a second IDR 1,900 target from Bahana Sekuritas analyst Abdusshomad Cakra Buana. His scenario included a possible USD 58.4 million additional provision and a 19.3 percent decline in core profit to USD 244.6 million if the penalty were fully recognized in 2026.

Three milestones and figures

On September 7, 2026, PGN Batam had supplied gas to 1,868 household customers, as listed by Pluang. On October 8, 2026, Sucor projected 878 BBTUD of fiscal year 2026 distribution volume. On October 12, 2026, PGN received a Best Energy Sector award in the IDX Main Board category, while fiscal year 2025 revenue stood at USD 3.90 billion and operating profit at USD 519.60 million, according to Investortrust.

How large is the market backdrop?

PGN is Indonesia's largest natural gas transmission and distribution company and trades on the Indonesia Stock Exchange under ticker PGAS. The October 15, 2026 market quote showed IDR 1,395, a market capitalization of IDR 33.8 trillion, and a 52-week range of IDR 1,350 to IDR 2,520. Those figures place the stock well below its yearly high while the analyst case rests on volume growth, cash generation and dividend capacity.

Stock level in Germany

For German investors, the euro quotation remained at EUR 0.07 at Lang & Schwarz on October 15, 2026 at 10:03 a.m. CEST. The Indonesia Stock Exchange quote was last at IDR 1,395 on October 15, 2026 at 3:00 p.m. WIB.

The further course of trading is shown by the continuously updated real-time quote of Pertamina Gas Negara stock.