00:00The information from the select committee where PT Barito Renewable Energy Tbk or BREN through the startup Star Energy Q-Thermal announced a collaboration with the US-based technology company SLB, where collaboration is done to accelerate advanced technology in the development of hot earth assets.
00:23The collaboration will combine the skills of Star Energy Q-Thermal in hot earth development and SLB's decades of experience in developing and industrializing technology solutions for the energy sector.
00:43Based on the collaboration agreement, SLB and Star Energy Q-Thermal will focus on the development and implementation of technology to characterize the subsurface, mining and production of hot earth assets.
00:57Director-General of PT Barito Renewable Energy Tbk and CEO of Star Energy Q-Thermal, Hendra Suciptotan said,
01:06This collaboration aims to implement technology that can change the economy of conventional hot earth projects and increase the level of recovery of hot earth assets.
01:15This optimistic collaboration can overcome technical and economic challenges that hamper the development of hot earth projects more widely.
01:23In addition, this collaboration is in line with the vision of the investment to become one of the largest hot earth companies in the world.
01:31Previously, SLB has cooperated with Star Energy Q-Thermal in a technology solution that optimizes wells and uses artificial intelligence or AI to increase efficiency and economy of hot earth wells.
01:44As information, SLB is a global technology company that provides services and products for the oil and gas industry.
01:51This company has a headquarters in Houston, Texas, USA.
02:14What is the current status of SLB?
02:18You can see the graph on your TV screen.
02:21It was opened in the first session this morning in the green zone at level 9,900.
02:28This is an increase compared to the previous closing at 9,850.
02:34Then, SLB turned to the red zone at 9,775.
02:39Then, SLB experienced a significant increase by passing the highest level of intraday today at 10,050.
02:48Again, the increase is not sustainable.
02:51The strength of the brand's position is more limited.
02:55At the closing of the first session this afternoon, it was still closed in the green zone at 9,925.
03:02However, entering the second trading session, SLB again weakened to the red zone at 9,800.
03:10The current position at a few minutes after the closing, SLB again turned to a significant increase of 1.02% at 9,950.
03:21Back to the next graph, what is the movement of SLB in the last few months?
03:25In the last few months, after experiencing a significant increase, SLB turned to a significant decrease.
03:32In the last few months, until the beginning of 2025, SLB tried to experience an increase again.
03:39On August 5, SLB was traded at the level of 7,900 rupiah per share.
03:45In September, it passed the highest level of intraday at 11,900 rupiah per share.
03:50In October, SLB experienced a deep correction to 6,800 rupiah per share.
03:56Even in November, the pressure continued to the level of 6,000 rupiah per share.
04:00In December and at the beginning of this year, SLB tried to experience an increase again.
04:05And today, SLB tried to pass back above 10,000 rupiah, precisely at 10,050 rupiah.
04:11What do you think about the valuation for the brand?
04:15With the significant increase since the IPO, the valuation for the brand seems to be quite expensive.
04:24Let's look at the next graph with some indicators.
04:27The first one is the price-to-earning ratio at 762.37x, PSR at 149.01x, PBV at 171.18x, and PCFR at 329.46x.
04:42This is a combination of fundamental, technical, and valuation.
04:46Hopefully, this can be a reference for you.
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