Insight

BRMS: Analysts See MSCI Inclusion at IDR400/share

market-avatar

Algo Research Team

Company | Oct 20, 2024 | Views: 2085

The content provided here is for informational purpose only. It is not an advise or recommendation. Please do your own research.
content-img

Key Summary:

  • Share price rally on potential MSCI index entry
  • IDR400 is seen as a comfortable cutoff for inclusion
  • Earnings grew from higher gold price & production

Lots of discussion recently regarding Bumi Resources Mineral (BRMS) given the recent acceleration in trading volume and share price, which is up +93% this year.


What’s the narrative? In the past week, several sell-side analysts have mentioned to us that they believe the outperformance is driven by expectation for MSCI inclusion.

How was our research?

DISCLAIMER: Algo is an independent research platform and is not affiliated with any financial institution. We are not a licensed securities dealer, financial advisor, broker, or investment bank. The contents shared across our website, and social media platforms are intended for informational purposes only and reflect our views and opinions. It is not meant to be construed as financial advice and/or a recommendation to buy or sell an asset. Past performance does not guarantee future results. As a research platform, our contents are made to provide data-driven information and research-based articles, and should not be used as a basis for making any investment decisions. We strongly encourage you to conduct your own research and consult with a licensed financial advisor before making any investment decisions. Algo is not regulated by OJK (Otoritas Jasa Keuangan) and does not provide any investment services. We are not responsible for any financial decisions you make based on the information provided. All content is presented with the intent of informing only.