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.
323 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.
329 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.
358 Views
Aneka Tambang (ANTM IJ) - Expect More Pressure from Lower Nickel Price
We expect nickel ore will remain as ANTM’s main driver (37% of total GP) in FY24, despite more pressure from the expected further nickel price...
278 Views
Metal Mining - Expect nickel price and margins to stabilize, but volume will be key drivers in 2H23
Using China NPI price as a proxy, we noted that price have bottomed in USD13,182/ton in July 2023, following weakness since 2Q23 due to oversupply...
369 Views