Alamtri Minerals Indonesia (ADMR IJ): Lower ASP impaired results

Alamtri Minerals Indonesia (ADMR IJ)
BUY / TP: IDR:1,300 (+31.3%)
Analyst: Alditya Galih Ramadhan

Lower ASP impaired results
• Earnings dampened by timid ASP
• QoQ operational marks improved
• Outlook for 2H25: More bullish about driver and aluminum smelter updates
• Re-iterate BUY with TP of IDR1,300