Bisnis.com, JAKARTA — The coal price slump is expected to present a sizeable headwind for PT Bukit Asam (PTBA) amid its efforts to rebound in the second half, which could prompt brokerages to downgrade their PTBA ratings.
“We expect a major negative revision because we believe coal prices will remain in the current range amid loose supply-demand,” JP Morgan analyst Arnanto Januri wrote last Thursday (31/7/2025).