JP Morgan’s Latest Stock Rating for Indo Tambangraya (ITMG) After H1 Earnings Release

JP Morgan’s Latest Stock Rating for Indo Tambangraya (ITMG) After H1 Earnings Release

JP Morgan maintains its neutral rating on coal miner Indo Tambangraya Megah (ITMG) after the company’s release of first-half earnings results.

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Jumat, 15 Agustus 2025 | 17:30

Bisnis.com, JAKARTA — JP Morgan maintains its neutral rating on coal miner Indo Tambangraya Megah (ITMG) after the company’s release of first-half earnings results.

In H1, the Banpu Group subsidiary saw declining performance in both top and bottom line, mainly due to a drop in the average selling price (ASP) of coal amid the global price slump, despite the company’s aggressive expansion in export markets. 

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