0240 GMT - Indonesia's metal mining sector is poised for double-digit earnings growth in 2025-2026, Bahana Sekuritas analyst Jeremy Mikael says in a research report. The brokerage upgrades the sector's rating to overweight from neutral, citing stabilizing nickel prices, strong nickel ore premiums and company-specific catalysts. Industry growth is expected to be supported by cost-efficiency programs, increased stakes in joint ventures, monetization of nickel ore assets and exposure to a favorable gold price environment. Bahana Sekuritas upgrades Vale Indonesia's rating to buy from hold and raises its target price to IDR4,800.00 from IDR3,400.00. It also lifts target prices for Aneka Tambang and Merdeka Copper Gold to IDR3,700.00 from IDR3,000.00 and to IDR2,800.00 from IDR2,400.00, respectively, with buy ratings for both. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
August 17, 2025 22:40 ET (02:40 GMT)
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