Bumi Resources Minerals (BRMS) - The Next Minerals King

Bumi Resources Minerals (BRMS) – Initial Coverage with BUY recommendation
Price: Rp690 – Target Price: Rp1,080

The next minerals king

  • On the way to become Asia’s non-coal mining leader.
  • Diverse minerals portfolio.
  • Future earnings growth when assets are commercialized.
  • Ability to seek further fundings for expansion.
  • Initiating coverage with a BUY recommendation based on global peers Reserves & Resources valuation.
  • Using SOTP, we derived target price of Rp1,080 with 56% upside potential. Initiate Coverage with BUY
  1. BRMS_110718_YY (Revised) (1.9 MiB)