In today’s briefing:
- ANTAM (IDX: ANTM): Operational Momentum, Expansion Ahead, Valuation Still Attractive
ANTAM (IDX: ANTM): Operational Momentum, Expansion Ahead, Valuation Still Attractive
- ANTAM’s Q1 2025 EBITDA surged over 250% YoY, supported by strong gold and nickel sales and improved cost efficiencies.
- Plans include new RKEF and HPAL plants in East Halmahera, targeting growth in battery-grade nickel output.
- Despite a recent rally, ANTAM trades at just 7x forward P/E—well below regional peers—while its strong cash balance of IDR 462 per share offers downside support, stock is attractively valued.
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