Metal Mining: Strong Qoq Earnings Growth on Higher ASP, Expect 1H24 to Be Mixed
We estimate the sector’s 2Q earnings to proliferate on the back of a stronger ASP and volume, yet still leading to a slightly below 1H.
315 Views
Timah (TINS.IJ) - Stronger Production Prospect Drives Upgrades on FY26F Earnings Outlook
Resume coverage with BUY rating and TP of Rp3,000 (based on 9x FY26F P/E). We see catalystsfrom an enforcement-driven production rebound.
203 Views
Timah (TINS.IJ) - Trimming FY25-26F Estimates Post 1Q25 Earnings Miss
1Q25 net profit was below our estimate at Rp117bn due to unfavorable weather that disrupted production and sales volume.
367 Views
Timah - Upgrading FY24-25F Est. Post 3Q24 Earnings Beat
We reiterate our BUY rating on stronger earnings prospects with higher TP of Rp2,300. Key risks are lower tin prices, sales, and higher cash costs.
346 Views
Timah - Expect a Positive 2Q24 Outlook Fueled by Strong LME Tin Prices
We resume our coverage with a Buy rating and an unchanged TP of Rp1,400. Key risks are lower tin prices, sales, and higher cash costs.
349 Views