Buana Lintas (BULL) Targeted at Rp 780 Amid LNG Supply Shortage and Super-Cycle Tanker Dynamics
PT Buana Lintas Lautan Tbk (BULL) is projected to enter structural growth by 2026 with the full contribution of LNG vessel MT Gas Garuda. High global LNG charter rates and a utilization rate of approximately 90% are expected to significantly impact BULL's net profit. The company is strategically positioned to benefit from domestic gas demand and long-term infrastructure contracts. BRI Danareksa Sekuritas maintains a positive recommendation with a target price of Rp 780, reflecting an upside potential of about 80%. BULL's stock surged 23.33% to Rp 555 on February 18, 2026.
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PT Buana Lintas Lautan Tbk (BULL) is anticipated to experience structural growth by 2026, driven by the full contribution of LNG vessel MT Gas Garuda and high global LNG charter rates, maintaining a 90% utilization rate. The global LNG market is expanding, with an additional liquefaction capacity of about 58 million tons expected in 2026; however, new LNG vessel supply remains tight.
Domestically, the government aims for 10.3 GW of gas-based power generation and five large FSRUs, enhancing demand for LNG infrastructure. BULL's involvement in FSRU projects and domestic LNG logistics may lead to long-term contracts, improving revenue stability.
BRI Danareksa Sekuritas projects a target price of Rp 780 for BULL, indicating an upside of around 80% from the current price of Rp 432. BULL's stock price rose 23.33% to Rp 555 on February 18, 2026.
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