Alamtri Minerals Indonesia (ADMR IJ): Parlays on next quarter results

Alamtri Minerals Indonesia (ADMR IJ)
BUY / TP: IDR:1,600 (+15.9%)
Analyst: Alditya Galih Ramadhan

Parlays on next quarter results
• High G&A slightly dragged on earnings
• Higher QoQ sales volume is expected
• Kalimantan Aluminum (KAI)’s progress remains on track
• Upgrade our TP to IDR1,600