Antam is trading at IDR 2,600, up +8.33%, after rebounding from its reported yearly low.

  • Its November 4 close rose from IDR 2,400 on November 3, the reported yearly low.
  • Samuel Sekuritas maintained a buy recommendation and an IDR 4,000 target, citing strong nine-month results, while noting risks from weaker gold sales and nickel prices.
  • Available coverage does not establish the analyst view or another specific catalyst as the cause of the rebound.