Merdeka Battery Materials (MBMA.IJ) In-Line 1H26 EBITDA...
We maintain Buy but cut our TP to Rp710 as our lower nickel price and higher costs assumptions weigh on FY27F-28F earnings.
90 Views
Primer: Merdeka Battery Materials (MBMA IJ) - Aug 2026
Integrated Nickel Powerhouse Poised for EV Growth: Merdeka Battery Materials (MBMA) is strategically positioned as a vertically integrated...
105 Views
Indonesia Strategy - Caught in a Perfect Updraft?
Despite the JCI knocking on all-time highs, valuations continue to look attractive with prospects of a better 2H2024 and lower interest rates. Top...
797 Views
LQ45 Index Rebalance Preview (July): Identifying Potential Index Changes
We have identified 5 potential changes for the LQ45 Index in July. There will also be capping flows for BBCA and BBRI. Historically, adds and...
673 Views
Metal Mining: Nickel Ore HPM Revised Further, Improving Pricing Certainty (OVERWEIGHT)
Metal Mining Nickel Ore HPM Revised Further, Improving Pricing Certainty. Low-grade limonite sees a lower pricing floor, narrowing the gap with...
95 Views