PNLF: Very cheap in the numbers

Target Price: Rp378

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INCO: Measuring the assumed nickel price in the share price

Vale Indonesia is a pure-play nickel producer, producing nickel in matte from its integrated mining and processing facilities in Sulawesi. As we can see from the chart below, INCO's share price is very highly correlated to the nickel price. Source: Trimegah Research Under the current Contract of Work (CoW), INCO is to pay a royalty … Continue reading INCO: Measuring the assumed nickel price in the share price

AISA: Down 75% YTD, Bargain or Value Trap?

TPS Food (AISA) is a consumer goods company with two divisions, Rice division and Food Manufacturing division. The Rice division sells branded rice under Ayam Jago and Maknyuss. Meanwhile, the Food Manufacturing division produces brands such as Bihunku, Ayam2Telor, Mie Kremezz, Taro, and other biscuits. PT Indo Beras Unggul Scandal At July 2017, PT IBU … Continue reading AISA: Down 75% YTD, Bargain or Value Trap?