Amman Mineral Internasional, ID1000191109

UOB Kay Hian keeps target for Amman Mineral Internasional stock at IDR 7,000

Published on 10/09/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nomura lifted 2026 gold guidance 34.00 percent to 775,000 ounces. UOB Kay Hian set IDR 7,000 as the target for Amman Mineral Internasional stock.

UOB Kay Hian maintained a IDR 7,000 target for Amman Mineral Internasional stock on September 23, 2026.
Second-quarter 2026 net profit reached USD 338.00 million, while sales rose 54.00 percent quarter on quarter to USD 1.24 billion.
Amman Mineral Internasional stock was last at IDR 4,410.00 on IDX on October 9, 2026, up 4.01 percent from IDR 4,240.00.
Gold production guidance for 2026 rose 34.00 percent to 775,000 ounces, according to Nomura coverage published by IDXChannel.

Amman Mineral Internasional, ID1000191109, Illustration mit AI erstellt.

UOB Kay Hian maintained a IDR 7,000 target for Amman Mineral Internasional stock in research dated September 23, 2026, while the second quarter of 2026 delivered USD 338.00 million in net profit. The recommendation remained Buy, according to UOB Kay Hian.

Three events changed the earnings picture

On September 21, 2026, first-half net sales reached USD 2.05 billion and net profit reached USD 503.70 million, according to Quartr. On September 23, UOB Kay Hian reported quarterly sales of USD 1.24 billion, up 54.00 percent from the first quarter, while quarterly profit rose 110.90 percent. On October 1, 2026, Nomura raised its price target from IDR 5,400 to IDR 6,400 and retained its Buy recommendation, as reported by IDXChannel.

What does guidance mean for earnings?

Gold in concentrate guidance for 2026 rose 34.00 percent to 775,000 ounces. The same October 1 report said Nomura raised its 2026 and 2027 profit projections by 8.00 percent and 13.00 percent, respectively, after the guidance change.

The operating comparison is substantial. Concentrate sales in the second quarter reached 90,066 dry metric tons, three times the 30,013 dry metric tons recorded in the first quarter, while refined gold sales reached 49,501 ounces. UOB Kay Hian said the smelter and precious metals refinery were fully commissioned, supporting the second-half operating outlook.

Stock moves with the IDX market

Amman Mineral Internasional was last at IDR 4,410.00 on IDX on October 9, 2026 at 3:47 p.m. WIB, up 4.01 percent versus the prior close of IDR 4,240.00. Its market capitalization stood at IDR 319.3 trillion, while the 52-week range was IDR 2,710.00 to IDR 8,500.00.

The company operates copper and gold mining, processing and smelting activities, including the Batu Hijau mine and precious metals facilities, according to its investor-relations information. The listing is identified as AMMN on IDX and carries ISIN ID1000191109 by Global Banking and Finance Review.