Indonesia Commodity - Verdhana Conference takeaways
MW EPWe hosted several investor meetings at our annual Verdhana-Nomura Conference on 7-8 Nov 2024. The companies in
We hosted several investor meetings at our annual Verdhana-Nomura Conference on 7-8 Nov 2024. The companies in
The ceramic industry is currently benefiting from three significant tailwinds, in our view.
Construction Materials ARNA ARNA JK ARNA IJ Michael Wildon Edward Prima Gerald Hugo
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
HRUM has announced a strategic partnership with Eternal Tsingshan (ET, unlisted) to release up to 49% of its n
MDKA recorded 2Q24 earnings of USD3mn, below our/consensus estimates.
Basic Materials MDKA JK MDKA IJ Michael Wildon Ng Edward Prima
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.