As of late January 2026, Newcastle coal price...

COAL Indonesia Coal Michael Wildon Ng Nizam Syafik

We initiate coverage of MDLA with a Buy...

HEALTH CARE AND PHARMACEUTICALS Medela Potentia MDLA MDLA JK MDLA IJ Jupriadi Tan David Tjahjadi

AKRA continues to position itself as a structurally defensive...

POWER AND UTILITIES AKR Corporindo AKRA JK AKRA IJ Jupriadi Tan David Tjahjadi Gerald Hugo

Despite the decline in gold and nickel ore volumes, ANTM’s overall...

METALS AND MINING Aneka Tambang ANTM JK ANTM IJ Michael Wildon

NCKL’s 3Q25 revenue and earnings came in...

METALS AND MINING Trimegah Bangun Persada NCKL NCKL JK NCKL IJ Michael Wildon

INCO booked a positive earnings momentum in 3Q25...

METALS AND MINING Vale Indonesia INCO INCO JK INCO IJ Michael Wildon Ng

ALII is engaged in the coal transportation business and...

COAL Ancara Logistics Indonesia ALII ALII JK ALII IJ Michael Wildon

Indonesia gold miners poised for rerating...

METALS AND MINING Indonesia Gold Michael Wildon Ng

We revise up our ASP forecasts for TAPG by...

AGRI-RELATED Triputra Agro Persada TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian

ENRG operates a diversified portfolio of...

COMMODITY Energi Mega Persada ENRG ENRG JK ENRG IJ Michael Wildon

ANTM delivered an impressive set of 2Q25 results, above our/consensus forecasts...

METALS AND MINING Aneka Tambang ANTM ANTM JK ANTM IJ Michael Wildon Ng

MEDC posted 2Q25 revenue of USD554mn (-1% q-q, -5% y-y), with...

OIL AND GAS CHEMICALS ASIA Medco Energi Internasional MEDC MEDC JK MEDC IJ Michael Wildon Ng

We believe CPO prices will remain strong going forward...

AGRI RELATED TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian Nicholas Goei

Bumi Resources Minerals (BRMS) provides exposure to four gold projects...

METALS AND MINING BRMS BRMS JK BRMS IJ Michael Wildon Ng

Indonesia FFB production for the March-April period...

AGRI-RELATED TAPG TAPG JK TAPG IJ Sandy Ham Samuel Christian Nicholas Goei