Adaro Andalan Indonesia (AADI IJ) (Buy) - Meaningful Kestrel divestment
MW NS1Q26 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
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Ancara Logistics Indonesia (ALII IJ) (Buy) - High growth and margin expansion with KBN
MWALII is engaged in the coal transportation business and...
COAL Ancara Logistics Indonesia ALII ALII JK ALII IJ Michael Wildon
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Indika Energy (INDY IJ) (Buy) - Margin improvement due to lower stripping ratio
MW EPINDY booked 1Q25 earnings of USD3mn (-85% y-y)...
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Adaro Minerals Indonesia (ADMR IJ) (Buy) - Soft performance as expected
MW EPOverall 1Q25 results were soft and behind our expectations...
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Indonesia Commodity - Royalty scheme: Minor changes for non-coal resources
MWThe Indonesian government has officially...
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Indonesia Coal - New Pricing Regulation: Fair but concerning
MW EPThe government introduced the new HPM (index for metals) and HPB (index for coal)
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Indika Energy (INDY IJ) (Buy) - Gold price drives Awak Mas valuation
MW EPRising global gold prices and the substantial progress on the Awak Mas Gold Project
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Harum Energy HRUM IJ -Buy- Tsingshan A game-changing partner for HRUM
MW EPHRUM has announced a strategic partnership with Eternal Tsingshan (ET, unlisted) to release up to 49% of its n