Amman Mineral Internasional (AMMN IJ) (Buy) - Upgrade gold concentrate production guidance
MW NSAMMN’s 2Q26 revenue/net income rose...
METALS AND MINING Amman Mineral Internasional AMMN AMMN JK AMMN IJ Michael Wildon Ng
AMMN’s 2Q26 revenue/net income rose...
METALS AND MINING Amman Mineral Internasional AMMN AMMN JK AMMN IJ Michael Wildon Ng
ANTM’s 1H26 revenue/net profit (NP) were...
METALS AND MINING Aneka Tambang ANTM ANTM JK ANTM IJ Michael Wildon Ng Nizam Syafik
We hold a constructive view on the Indonesia oil & gas sector...
OIL AND GAS OR CHEMICALS Indonesia Oil and Gas Michael Wildon Ng Nizam Syafik
On 3 August 2026, we visited PT Merdeka Gold Resources’ (EMAS)...
METALS AND MINING Merdeka Gold Resources EMAS EMAS JK EMAS IJ Michael Wildon Ng Nizam Syafik
1H26 revenue came in at IDR58tn (-15% y-y)...
ENGINEERING AND CONSTRUCTION United Tractors UNTR UNTR JK UNTR IJ Michael Wildon Ng Nizam Syafik
Indonesia is revising PP 19/2025 to increase mining...
METALS AND MINING Indonesia Commodity Michael Wildon Ng Nizam Syafik
1Q26 revenue of USD95mn (+1% q-q, +37% y-y) came in...
OIL AND GAS CHEMICALS ASIA Surya Esa Perkasa ESSA ESSA JK ESSA IJ Michael Wildon Ng Nizam Syafik
1Q26 revenue of USD1,044mn (-20% q-q, -10% y-y) accounted for...
COAL Adaro Andalan Indonesia AADI AADI JK AADI IJ Michael Wildon Ng Nizam Syafik
ANTM announced its 1Q26 results that were well above...
METALS AND MINING Aneka Tambang ANTM ANTM JK ANTM IJ Michael Wildon Ng Nizam Syafik
Overall results were in line with consensus and ahead of...
Commodity Energy Mega Persada ENRG ENRG JK ENRG IJ Michael Wildon NG Nizam Syafik
FY25 revenue was flat y-y at 101%/104% of our...
OIL GAS CHEMICALS ASIA Medco Energi Internasional MEDC MEDC JK MEDC IJ Michael WIldon Ng Nizam Syafik
The construction of EMAS’ heap-leach operation...
METALS AND MINING Merdeka Gold Resources EMAS EMAS JK EMAS IJ Michael Wildon Ng Nizam M Syafik
As of late January 2026, Newcastle coal price...
INCO booked a positive earnings momentum in 3Q25...
METALS AND MINING Vale Indonesia INCO INCO JK INCO IJ Michael Wildon Ng
Indonesia gold miners poised for rerating...