MEDC.JK - PT Medco Energi Internasional Tbk

Jakarta - Jakarta Delayed Price. Currency in IDR
725.00
+20.00 (+2.84%)
As of 11:33AM WIB. Market open.
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Previous Close705.00
Open715.00
Bid720.00 x 0
Ask725.00 x 0
Day's Range710.00 - 740.00
52 Week Range620.00 - 1,040.00
Volume34,432,900
Avg. Volume59,440,156
Market Cap12.868T
Beta (5Y Monthly)2.59
PE Ratio (TTM)N/A
EPS (TTM)-0.00
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 28, 2015
1y Target Est0.10
  • Moody's

    Medco Energi Internasional Tbk (P.T.) -- Moody's assigns B1 rating to Medco's proposed bonds

    Moody's Investors Service has assigned a B1 rating to the proposed USD-denominated backed senior unsecured notes to be issued by Medco Bell Pte. Ltd., a wholly-owned subsidiary of Medco Energi Internasional Tbk (P.T.) (Medco, B1 stable). The proposed notes will be irrevocably and unconditionally guaranteed by Medco and some of its subsidiaries. The bond proceeds will be initially kept in an escrow account and will ultimately be used to repay Medco's upcoming IDR bond maturing in 2021 and exercise a call or early tender of Medco's 2022 USD Bond.

  • Moody's

    Medco Energi Internasional Tbk (P.T.) -- Moody's upgrades Medco's rating to B1 from B2; outlook stable

    Moody's Investors Service has upgraded the corporate family rating (CFR) of Medco Energi Internasional Tbk (P.T.) (Medco) to B1 from B2. Moody's has also upgraded the ratings on the backed senior unsecured bonds issued by Medco Strait Services Pte. Ltd., Medco Platinum Road Pte. Ltd. and Medco Oak Tree Pte. Ltd. to B1 from B2. "The rating upgrade reflects a sustained improvement in Medco's scale and the geographic diversification of its reserves and production, following the acquisition of Ophir," says Vikas Halan, a Moody's Senior Vice President.

  • Reuters

    Indonesia's Donggi Senoro LNG plant may cut 2019 output -director

    Indonesia's Donggi Senoro liquefied natural gas (LNG) plant may lower its 2019 output from an initial estimate of 43 cargoes due to the current low price for gas, Kurniawan Rahardjo, director at plant operator PT Donggi Senoro LNG said on Thursday. Out of the estimated output, 31 to 32 cargoes already have committed long-term buyers, Rahardjo said, and six were sold in the spot market and the rest are not yet sold. In 2018, Donggi Senoro produced 41 cargoes of LNG with eight cargoes sold to the spot market.

  • Moody's

    Medco Energi Internasional Tbk (P.T.) -- Moody's assigns B2 rating to Medco's proposed bond

    If the acquisition is not completed by 4 July 2019, the proceeds in the escrow account along with early redemption premium of 1% and accrued interest, which together will be pre-funded by Medco, will be used to redeem the bond in full. "Medco's B2 rating reflects its modest scale of operations, moderate degree of cash flow visibility from fixed-price natural gas sales and our expectations that its credit metrics will continue to improve over the next few quarters," says Rachel Chua, a Moody's Assistant Vice President and Analyst. "The improvement in Medco's credit metrics will be supported by its sale of non-core assets in line with its deleveraging plan and the strong operating cash flow generation from Ophir's portfolio once the transaction is complete," adds Chua, who is Moody's Lead Analyst for Medco.

  • Moody's

    Medco Energi Internasional Tbk (P.T.) -- Moody's announces completion of a periodic review of ratings of Medco Energi Internasional Tbk (P.T.)

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Medco Energi Internasional Tbk (P.T.) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    Ophir agrees to be bought by Indonesia's Medco in a sweetened bid

    Under the terms, Ophir shareholders will receive 57.5 pence per share in cash, the companies said in a joint statement. The increased offer comes after the Financial Times reported that hedge fund Petrus Advisers, which owns 3.94 percent of Ophir, planned to vote against Medco's bid because it undervalued the company. Petrus in February had called for alternatives to Medco's buyout offer and asked the company to put Petrus-backed directors in charge of overseeing the proposed changes.

  • Reuters

    Indonesia approves copper concentrate export allowances for Freeport, Amman Mineral

    The Indonesian government has approved one-year export allowances for copper concentrate for miners PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, officials from the Ministry of Energy and Mineral Resources said on Friday. Freeport will be given an allowance of 198,282 wet tonnes of copper concentrate, while Amman will get 336,100 wet tonnes, said Yunus Saifulhak, director of minerals at the energy and mining ministry. Indonesia's Ministry of Trade will issue the export permits according to the recommendation from the mining ministry.

  • Reuters

    SOCO will not bid for Ophir Energy after original proposal rejected

    SOCO said it believes that a share-based combination with Ophir would be challenging to accomplish after Indonesian oil and gas group Medco agreed to buy Ophir for a sweetened cash bid of $511 million in January. Medco's offer of 55 pence per Ophir share came after Ophir rejected a previous $437 million, or 48.5 pence per share, potential buyout offer this month, saying it undervalued the company.

  • Reuters

    Deals of the day-Mergers and acquisitions

    (Adds Ophir Energy, Alitalia, Bristol-Myers Squibb, Cemex, Tilray, Magellan Health, Verus Petroleum, Owens & Minor; Updates Bank Audi, Sainsbury) Feb 20 (Reuters) - The following bids, mergers, acquisitions ...