Vale Indonesia (INCO.IJ) - Weak Nickel Price to Hit FY24 Margin
We expect INCO’s FY24F production volume to be sustained similar as FY23F at 70k tons. We trim our FY24F earnings forecast by 28% due to our lower...
427 Views
Vale Indonesia (INCO IJ) - Lower 3Q23 Profit, but In-Line 9M23
While INCO’s 3Q23 net profit fell to USD52.6 mn (-25.3% qoq/ +193% yoy), its 9M23 net profit of USD221mn (+31.3% yoy) is broadly in-line with ours...
315 Views
Barito Renewables IPO Trading - Peers Look More Attractive Instead
Barito Renewables (2306028D IJ) raised around US$200m in its Indonesian IPO, after pricing at the top end of its IPO range at IDR780/share. In this...
726 Views
Barito Renewables IPO - Quick Peer Comparison & Thoughts on Valuation - Good Assets but Bad Price
Barito Renewables (2306028D IJ) is looking to raise around US$228m in its Indonesian IPO. In this note, we will undertake a quick peer comparison...
751 Views
Vale Indonesia (INCO IJ) - Down but Still Impressive
INCO’s performance was robust in 1H23 amid normalizing nickel prices, with earnings reaching USD168 mn, up 12% yoy, which was above our estimate...
346 Views