0656 GMT - Forecasts for United Tractors' 2026 and 2027 core net profit after tax and minority interests are cut by 52.3% and 49.3%, respectively, Maybank Sekuritas Indonesia analysts say in a research report. They cite the Indonesian company's geothermal and nickel mining-related impairments and weaker operating assumptions across segments. United Tractors' 1H earnings were hit by around 2.76 trillion rupiah of impairments recognized in 2Q related to its geothermal exposure, the analysts note. The brokerage downgrades the stock's rating to hold from buy and lowers its target price to 25,600.00 rupiah from 31,500.00 rupiah. Shares are 0.6% lower at 23,850.00 rupiah.