ADRO November 2022

Contact our analyst Revita Significant Upside, BUY 18th November 2022 Current price Rp3580 Target price Rp6850 9M22 Higher PricesADRO’s production volume grew 14.5% YoY in 9M22 to 45.37 Mt from 39.64 Mt. Coal sales increased 13.7% YoY to 44.17 Mt from 38.86 Mt in 9M21. The average selling price (ASP) increased by 106% YoY. Coal […]

ADRO February 2023

Contact our analyst Revita Significant Upside, BUY 20th February 2023 Current price Rp2840 Target price Rp6850 Record production in 2022FYIn 2022FY, ADRO’s production volume grew 19% YoY to 62.88 Mt from 52.70 Mt in 2021FY. Coal sales increased 19YoY to 61.34 Mt from 51.58 Mt in 2021FY. This is the highest figure above the level […]

ADRO May 2023

Contact our analyst Revita Significant Upside, BUY 17th May 2023 Current price Rp2590 Target price Rp5650 29% production growth in 1Q23In 1Q23, ADRO’s production volume grew 29.7% YoY to 15.69 Mt from 12.1 Mt in 1Q22. Coal sales increased 28.9YoY to 15.72 Mt from 12.2 Mt in 1Q22FY. The record production was due to better […]

ADRO August 2023

Contact our analyst Revita 63% Upside, BUY 11th August 2023 Current price Rp2390 Target price Rp3900 Impressive 19.2% production growth in 1H23ADRO had strong production growth of 19.2% YoY in 1Q23, reaching 33.41 Mt from 28.02 Mt in 1Q22. Coal sales also saw an 18.6% YoY increase to 32.62 Mt from 27.50 Mt in 1H22. […]

ADRO November 2023

Contact our analyst Revita 17.5% Upside, HOLD 28th November 2023 Current price Rp2600 Target price Rp3050 Production grows in 9M23ADRO experienced an 11.8% growth in production in 9M23. The production volume reached 50.73 Mt, up from 45.37 Mt in 9M22. Notably, 2Q23 saw a significant +13% QoQ growth, but in 3Q23, production declined -2.3% QoQ. […]