00:00Information from ME10, the review is still related to the release of the third quarter's energy in 2024,
00:11where the Medco Energy International, or Medco, recorded an increase in energy over a nine-month period in 2024.
00:19The greenhouse gas emissions recorded an increase of 12.74% annually, and revenues also grew by 6.58% annually.
00:31Quoted in the opening statement of the Indonesian Stock Exchange,
00:35PT Medco Energy International, or Medco, managed to record a greenhouse value of US$273.27 million in the third quarter of 2024.
00:45The greenhouse gas emissions increased by 12.74% annually, compared to US$242.37 million per September 2023.
00:55The greenhouse gas emissions also managed to record an income of US$1.78 billion,
01:00increasing by 6.58% compared to the income achieved in the third quarter of 2023, which was US$1.67 billion.
01:09Medco's income from the contract segment with customers, US$1.74 billion, grew by 6.74% annually,
01:16and the income of US$36.98 million grew by 9.57% annually.
01:25As a result, the total income and other direct costs were reduced by 17.75% annually to US$1.10 billion,
01:35mainly due to the increase in the cost of buying crude oil, importation, depletion and amortization, as well as the cost of production and lifting.
01:43This result made the greenhouse gas emissions increase by 7.24% annually from US$732.71 million to US$679.61 million.
01:55Chief Executive Officer of Medco Energy International, Roberto Lorato, revealed that
02:01Medco's achievements until the third quarter of 2024 were driven by the success of the completion of the main project in Suban, Meliwis and West Belut.
02:10Medco also continued the development of the Ijen Earth Power Plant and Bali Solar Power Plant.
02:17In addition, Medco obtained a conditional license to import 600 megawatts of solar energy
02:22through the Pacific Medco Solar Energy Consortium as a source of IDX Channel.
02:28Medco's Achievements
02:38Technically, during today's trade, Medco is more under pressure
02:42and seems to be leaving behind more than 1,400 suppliers.
02:47Let's go straight to the first graphic.
02:49We will try to see how Medco's movements during today's trade.
02:54We will try to see the graphics on your television screen.
02:56The first session was opened this morning at 1255.
03:01This position is much lower than the previous closing position at 1280.
03:09Then at 9.05, a few minutes after the opening, the weakness was more limited.
03:18Then at 9.30, Medco was again under pressure to the lowest intraday today at 1245.
03:2411.30 until the opening of the second session, Medco was still moving in the red zone, but the weakness was more limited.
03:33The current position of Medco is already at 1265, weakening at 1.17%.
03:40We will try to see Medco's movement graph in the last few months.
03:46Let's go to the next graphic.
03:48During the May trading session, Medco was still traded at 1,400 suppliers.
03:54However, from June, July, August until September, Medco was more under pressure.
04:00Even on September 9, Medco touched 1,195.
04:05In October and November, Medco tried to regain its strength,
04:11but Medco was still far from the 1,400 level that was reached on May 20, 2014.
04:19How about the valuation with some indicators?
04:23Let's look at the next graphic.
04:26There are several indicators, starting from the price-to-earning ratio, PBV, PSR, and PSFR.
04:34The price-to-earning ratio is 5.72x, the PSR is 0.88x, the PBV is 1.02x, and the PCFR is 1.75x.
04:45This is a fundamental and technical combination.
04:48In terms of valuation, the investment decision is still in the hands of IDX Channel.
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