Aneka Tambang (ANTM.IJ) - Riding on Sustained Strength in Ni Ore and Gold Px
Despite a more conservative 2H25 operational outlook, we expect favorable Ni ore and gold prices to continue support FY25-26 earnings.
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CATL (3750 HK) & Antam (ANTM IJ) Break Ground on $6B Integrated Battery Project in Indonesia
​CATL, Antam, and IBC launch $6 billion integrated battery project in Indonesia, securing supply chain and expanding regional capacity.
416 Views
ANTAM (IDX: ANTM): Operational Momentum, Expansion Ahead, Valuation Still Attractive
ANTAM is pursuing a $500 million syndicated loan to support its expansion plans, particularly in nickel processing and battery materials. This move...
777 Views
Aneka Tambang (ANTM.IJ) - Upgrading FY25-27F Earnings on Solid Gold Margin
Maintain a Buy rating with an upgraded TP of Rp3,000. Key risks include lower commodity prices, lower utilization, and project delays.
385 Views
Aneka Tambang (ANTM.IJ) Upgrading FY25-27F Est. And TP on More Optimistic Sales Outlook
4Q24 earnings grew to Rp1.4tr, +122% qoq, supported by robust gold sales of 15.2 tons, +21% qoq, and FeNi sales of 7.7kt, +61% qoq.
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