ANTAM's Gold Segment Should See Margin Improvement in 2H
Dow Jones10-15 12:47
0447 GMT - ANTAM (Persero), also known as Aneka Tambang, should see margin for its gold segment improve in 2H, UOB Kay Hian analysts say in a research report. Lower inventory exposure, broader sourcing in Indonesia, and higher gold prices should improve the segment's margin, the analyst says. After the correction in gold prices in 2Q, margins were pressured by around 6 tons of inventory, but management has since reduced inventory targets to 15 days each for finished goods and raw materials. The brokerage lifts its 2026 earnings forecast for the Indonesian miner by 80.8%. It raises the stock's target price to 4,100.00 rupiah from 3,500.00 rupiah with unchanged buy rating. Shares are 4.6% lower at 2,910.00 rupiah.
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