ITMG December 2021
Contact our analyst Revita Targeting 20% upside. Buy 16th December 2021 Price Rp 20,325 Target price Rp 24,385 Lower productionITMG’s 9M21 coal production declined-3.6% YoY to 13.30mn tons from 9M20’s 14mn tons. In 3Q21, production was below target due to heavy rainfall, like last year, which affected all mine sites. But in 4Q21, output is […]
ITMG September 2022
Contact our analyst Revita Targeting 6% upside. Hold 2nd September 2022 Price Rp 40200 Target price Rp 42570 Production Target 17 mn tonsITMG’s 1H22 coal production was down -11% YoY to 7.7mn tons from 8.7 mn tons in 1H21 due to bad weather and heavy rainfall, affecting all mine sites. Coal sales volume also declined […]
ITMG December 2022
Contact our analyst Revita Targeting 22% upside. BUY 29th December 2022 Price Rp 39800 Target price Rp 48,850 Production Target 17 mn tonsITMG’s 9M22 coal production was down -7.52% YoY to 12.3mn tons from 13.3 mn tons in 9M21. 3Q22 production alone still achieved the target of 4.6mn tons despite challenging weather caused by heavy […]
ITMG June 2023
Contact our analyst Revita Significant upside potential 8th June 2023 Price Rp 23525 Target price Rp 46100 1Q23 production 3.8 million tonsITMG’s 1Q23 coal production reached 3.8 million tons, meeting the company’s target despite seasonal heavy rainfall. The company aims to increase production to 4.1 million tons in 2Q23, with expectations of more favorable weather […]
ITMG March 2026
Contact our analyst Revita 20th March 2023 Price Rp 38275 Target price Rp 46100 Production Target 17 million tonsITMG’s 4Q22 coal production was down -6.52% QoQ, below the target at 4.3 million tons from 4.6 million tons in 3Q22 due to extreme weather and flooding at Jorong mine. 1Q23 production is targeted lower from seasonal weather […]
ITMG September 2023
Contact our analyst Revita Significant upside potential 7th September 2023 Price Rp 30,725 Target price Rp 42,000 In 2Q23, Coal production grew by +13%YoYDuring 1H23, ITMG’s coal production increased by +6.5% YoY to 8.2 million tons from 7.7 million tons in 1H22. 2Q23 production reached 4.4 million tons, marking a +12.8% YoY increase or +15.8% QoQ, […]
ITMG November 2023
Contact our analyst Revita Hold 28th November 2023 Price Rp 25,200 Target price Rp 29,180 In 9M23, Coal production grew by +9.76%YoYProduction increased to 13.5 million tons from 12.3 million tons in 9M22. Notably, 3Q23 production reached 5.3 million tons, a +15.22% YoY increase, or +20.5% QoQ, exceeding the target of 4.8 million tons due to […]