Surabhi Chopra

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/19226" target="_blank" data-smartkarma-citation="entities:19226:1">Vale Indonesia Tbk (INCO IJ)</a> current market price per share is IDR 2,720/share and market capitalization is IDR 24 trillion.  Summary: INCO is the largest lateritic nickel mine in the world. It has good corporate governance and has been increasing production and reducing costs to combat the downturn in nickel prices. We are initiating with a sell rating on INCO mainly because of our bearish view on the nickel prices and the stock is trading at high PE 2018 valuation compared to its peers. We…

Vale Indonesia Tbk (INCO IJ) current market price per share is IDR 2,720/share and market capitalization is IDR 24 trillion.  Summary: INCO is the largest lateritic nickel mine in the world. It has good corporate governance and has been increasing production and reducing costs to combat the downturn in nickel prices. We are initiating with a sell rating on INCO mainly because of our bearish view on the nickel prices and the stock is trading at high PE 2018 valuation compared to its peers. We…

Vale Indonesia Tbk

Vale Indonesia: Initiate with a Sell