Jakarta (ANTARA) - Senior Technical Analyst at Mirae Asset Sekuritas\nIndonesia, M Nafan Aji Gusta, said the recent stock purchases by\ndirectors of PT Amman Mineral Internasional Tbk (AMMN) should be viewed\nas a collective signal of confidence rather than individual investment\ndecisions.<\/p>\n
\u201cThe share accumulation by AMMAN\u2019s directors could indicate that\nmanagement sees positive prospects for the company, supported by solid\nbusiness fundamentals,\u201d Nafan said here on Wednesday.<\/p>\n
This comes as the broader market faces pressure from macroeconomic\nconcerns and foreign capital outflows, which do not necessarily reflect\nthe company\u2019s actual operational performance.<\/p>\n
His assessment is in line with an initiation report released by BRI\nDanareksa Sekuritas, which issued a buy recommendation for AMMN shares\nwith a target price of Rp6,000 per share.<\/p>\n
The report projects AMMN\u2019s revenue to reach around US$4 billion in\n2026, representing a 117 percent increase from the previous year.\nEarnings before interest, taxes, depreciation, and amortization (EBITDA)\nare expected to rise 97 percent to approximately US$2 billion.<\/p>\n
The valuation was based on a sum-of-the-parts (SOTP) approach, which\nalso takes into account the long-term development potential of the Elang\nProject.<\/p>\n
Despite the projected growth outlook, AMMN shares have fallen 44.28\npercent year-to-date, closing at Rp3,580 per share on July 6, 2026.\nHowever, the stock has gained around 8 percent over the past month,\nindicating renewed investor interest.<\/p>\n
Nafan said the recent recovery in AMMN\u2019s share price has been\nsupported by higher global gold and copper prices, driven by increasing\ndemand for copper in electric vehicle production and data center\ninfrastructure.<\/p>\n
\u201cAMMAN\u2019s business portfolio has significant exposure to copper and\ngold commodities, supported by high-grade ore reserves. Therefore, the\ncompany\u2019s performance remains sensitive to global commodity price\nmovements,\u201d he said.<\/p>\n
According to disclosures filed with the Indonesia Stock Exchange\n(IDX), AMMN President Director Arief Sidarto acquired 1.6 million\ncompany shares on June 30, 2026, at Rp3,105 per share. This represents a\ntotal transaction value of approximately Rp4.97 billion (around $303,000\nUSD).<\/p>\n
The move was soon followed by AMMN Director Anthony Mathias, who\naccumulated 1.69 million shares between July 1 and July 2, 2026, at\nprices ranging from Rp3,120 to Rp3,510 per share, totaling around Rp5.6\nbillion (equivalent to approximately $341,500 USD).<\/p>\n
Two other directors subsequently joined the buying activity. Aditya\nSasmito purchased 850,000 AMMN shares on July 6, 2026, at Rp3,530 per\nshare, with a transaction value of approximately Rp3 billion (around\n$183,000 USD). Most recently, Director Lal Naveen Chandra acquired an\nadditional 1 million shares at Rp3,565 per share\u2014valued at Rp3.56\nbillion (approximately $217,000 USD)\u2014bringing his total shareholding in\nthe company to 53.16 million shares.<\/p>\n
All transactions were duly reported to Indonesia\u2019s Financial Services\nAuthority (OJK) and the Indonesia Stock Exchange in accordance with OJK\nRegulation No.\u00a04 of 2024. The stated purpose of each transaction was\nclearly identified as a \u201cpersonal investment.\u201d<\/p>\n
Related news: Amman Mineral joins global copper body as first ASEAN\nmember<\/p>\n
Related news: AMMN seen entering higher-earnings phase on downstream\npush<\/p>\n
AMMAN directors\u2019 stock purchases signal confidence: Analyst<\/p>\n
July 8, 2026 18:03 GMT+700<\/p>\n
An illustration - the mining site is located in Sumbawa Island.\n\/ANTARA\/HO-AMMN.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/amman-directors-stock-purchases-signal-confidence-analyst-1783579809", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }