0604 GMT - Vale Indonesia's positive earnings momentum is likely to have quickened in 4Q, driven by strong nickel ore sales, Maybank Sekuritas Indonesia analysts say in a research report. The Indonesian nickel miner started generating revenue from nickel ore sales at Bahodopi in 3Q, the analysts note. Earnings are expected to come in stronger in 4Q thanks to an expected sale of roughly 1.8 million tons remaining from the mine's 2.5-million-ton quota for 2025. The brokerage raises the stock's target price to IDR8,000.00 from IDR5,500.00 with an unchanged buy rating. Shares are 0.8% lower at IDR5,950.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 09, 2026 01:04 ET (06:04 GMT)
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