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MarketScreener Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  Aneka Tambang Tbk PT    ANTM   ID1000106602

ANEKA TAMBANG TBK PT

(ANTM)
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Aneka Tambang Tbk PT : ANTAM Targets Significant Operational Performance Growth in 2019

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02/27/2019 | 07:46am EST

Jakarta - PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM) is pleased to announce the significant production and sales target jump of the Company's main commodities of ferronickel, gold, nickel ore and bauxite ore in 2019.

On ferronickel commodity, in 2019 ANTAM targets ferronickel production volume at 30,280 tonnes of nickel within in ferronickel (TNi), a 21% increase compared to unaudited production volume in 2018 of 24,868 TNi. Higher ferronickel production target inline with ANTAM's strategies to increase the utilization of Pomalaa ferronickel plant as well as the commencing of the East Halmahera ferronickel plant production in the second half of 2019.

On gold commodity, ANTAM targets gold production in 2019 of 2,036 kg (65,458 troy oz (t.oz)) from the Pongkor and Cibaliung mines. Meanwhile the Company gold sales targets in 2019 stated at 32,036 kg (1,029,981 t.oz), a 14% increase compared to the unaudited gold sales volume in 2018 of 27,894 kg (896,812 t.oz). The higher target of gold sales is inline with Company's expectation of domestic and export market growth for ANTAM's LM gold products.

ANTAM's President Director, Arie Prabowo Ariotedjo said: 'In 2019, we expects to elevate our operational performance through the increasing of production and sales target of our main commodities on nickel, gold and bauxite. We are also concern to maintain our operating cash cost remains on competitive level as a part of our commitment to deliver positive value to our shareholders and stakeholders. We believe that ANTAM will continue on growing and improving its performance in coming years.'

In line with the increasing of ferronickel production target, in 2019, ANTAM targeted the nickel ore production which will be used as ore feed for ANTAM's ferronickel plant as well as being sold to domestic third party smelter and export market will be produced up to 10.50 million wet metric ton (wmt), a 12% increase compared to the unaudited production volume in 2018 of 9.32 million wmt. Meanwhile, the nickel ore sales target amounted to 8 million wmt to meet domestic and export market demand.

On bauxite commodity, in 2019 ANTAM targets bauxite ore production at 3.17 million wmt, rose by 188% compared to the unaudited production level in 2018 of 1.10 million wmt.

Contact:

Tel: (62-21) 789 1234

Fax: (62-21) 789 1224

Email: corsec@antam.com

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (IDR)
Sales 2019 30 038 B
EBIT 2019 1 754 B
Net income 2019 911 B
Debt 2019 6 601 B
Yield 2019 1,26%
P/E ratio 2019 21,4x
P/E ratio 2020 17,5x
EV / Sales2019 648x
EV / Sales2020 612x
Capitalization 19 465 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 1 090,00  IDR
Last Close Price 810,00  IDR
Spread / Highest target 54,3%
Spread / Average Target 34,6%
Spread / Lowest Target -34,6%
EPS Revisions
Managers
NameTitle
Arie Prabowo Ariotedjo President Director
Dimas Wikan Pramudhito Finance Director
Zakri Muhammad VP-Information & Communication Technology
Buyung Zaelani Commissioner
Gumilar Rusliwa Somantri Independent Commissioner
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