Alamtri Resources Indonesia (ADRO.IJ) Coal Laggard with Intact Price Tailwind
We raise FY26/27/28F coking coal assumptions to US$230/ 220/ 200/t, driving earnings upgrades and a higher TP of Rp3,300.
84 Views
Coal: Valuation Mispricing Remains; Better Entry Post 2Q26 Earnings (OVERWEIGHT)
Coal Valuation Mispricing Remains; Better Entry Post 2Q26 Earnings. 5M26 S-D was tighter, but not a full moderate shock; RKAB upward revision may...
111 Views
BRIDS Market Pulse: Foreign Investors Ownership on Large-Cap ‘fundamental’ Stocks
JCI gained 5% w-w and closed above the psychological level of 9k, supported by gains in fundamental stocks TLKM, big-cap banks (BMRI, BBRI, BBNI)...
196 Views
Coal: Demand Outlook Remains Soft, Though Seasonal Price Strength Still in Play (NEUTRAL)
Weak demand is partly balanced by constrained Indonesia’s production; government’s plan to cap 2026 production should be viewed positively.
289 Views
BRIDS Market Pulse : Chart of the Week – Banking Sector Forward PBV Ratio
JCI recorded a strong 4.5% w-w rebound and was the second-best performing market within EM following Korea’s KOSPI index.
246 Views