United Tractors (PUTKY) - Saturday, Jul 26, 2025
United Tractors, Indonesia's largest heavy equipment distributor since 1972, diversifies into mining and renewable energy while maintaining a...
424 Views
United Tractors (UNTR.IJ): Upside from Gold Valuation, Despite a Potentially Softer 3Q25
We expect UNTR to book softer 3Q25 earnings on lower Komatsu sales and coal price, though 9M25 should still fall broadly in-line.
598 Views
Primer: United Tractors (UNTR IJ) - Sep 2025
United Tractors (UNTR) is a market leader in Indonesia's heavy equipment and mining contracting sectors, but faces significant near-term...
391 Views
United Tractors (UNTR.IJ) - Earnings Risk from Pama Volumes and Weak Coal Price
We trimmed our FY25-27F estimates by -8%/-10%/-13% to reflect lower Pama’s production and weaker-than-expected coal price. We Maintain Buy rating...
185 Views
CrossASEAN Indonesia Strategy - Parting Clouds
The Indonesian stock market was down 2% over the last year despite a flurry of inflows in the summer but this year looks interesting with a new...
672 Views