Bumi Resources Minerals (BRMS IJ) (Buy) - Big undeveloped gold and copper assets
MWBumi Resources Minerals (BRMS) provides exposure to four gold projects...
Bumi Resources Minerals (BRMS) provides exposure to four gold projects...
ANTM booked strong 1Q25 earnings of IDR2.1tn...
METALS AND MINING ANTM ANTM JK ANTM IJ Michael Wildon Edward Prima
The Indonesian government recently announced a proposal to revamp the royalty schemes for natural resources.
We like INCO for its vast nickel resources and extensive concession areas
METALS AND MINING INCO INCO JK INCO IJ Michael Wildon Ng Edward Prima
ANTM's 4Q operational results indicate a strong FY24 earnings outlook, with projected earnings of >IDR3tn,
METALS AND MINING ANTM ANTM JK ANTM IJ Michael Wildon Ng Edward Prima
Operating for more than 30 years, AADI is a fully integrated coal mining business with
NCKL booked an outstanding 3Q result, with 9M24 earnings comprising 90% of our forecas
Metals Mining NCKL NCKL JK NCKL IJ Michael Wildon Edward Prima
We hosted several investor meetings at our annual Verdhana-Nomura Conference on 7-8 Nov 2024. The companies in
Largely in line with our view (see Indonesia Nickel: Nickel ore drives downstream prices, 16 August 2024),
ANTM’s subsidiary, PT Gag Nikel (PTGN, unlisted), has announced a 30% stake acquisition of a Tsingshan-owned R
All local nickel producers under our coverage posted significant margin recoveries following the rise in
ANTM recorded a strong earnings recovery in 2Q24, with profits surging 450% q-q and 479% y-y.
Overall results were above our projections, with 2Q24 profit of IDR1.8tn (+80% q-q), bringing 1H24 profit to