Aneka Tambang - Positive Update from the Meeting with ANTM’s CFO
Maintain Buy on ANTM with an unchanged TP of Rp2,000. Key risks include lower commodity prices, lower utilization, and project delays.
529 Views
Aneka Tambang - Expect Soaring Nickel Ore Volume to Provide a Cushion...
Maintain Buy rating with higher TP of Rp2,100. ANTM’s nickel ore segment should provide a cushion against low FeNi prices.
394 Views
Metal Mining: Aug24 Metal Sector Update: Supports for Tin Price
Tin price strengthened to US$32k/t in Aug24, as inventory (SHFE and LME) and Indonesian exports fell -23% mom. Nickel ore supply remained tight,...
248 Views
Aneka Tambang (ANTM.IJ) - Expect Heavier Margin Pressure in FY24
We trim our nickel ore price assumption by 7.0% to US$40/t, which lead to lower FY24F earnings estimate for ANTM by 6.4% to Rp3.7tr.
319 Views
Aneka Tambang (ANTM.IJ0 - Expect Heavier Margin Pressure in FY24
We trim our nickel ore price assumption by 7.0% to US$40/t, which lead to lower FY24F earnings estimate for ANTM by 6.4% to Rp3.7tr.
322 Views