{
    "success": true,
    "data": {
        "id": 1625125,
        "msgid": "brms-management-actively-buys-shares-share-price-pressure-deemed-a-global-factor-1773921084",
        "date": "2026-03-19 16:25:58",
        "title": "BRMS Management Actively Buys Shares, Share Price Pressure Deemed a Global Factor",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Mining",
        "summary": "PT Bumi Resources Minerals Tbk (BRMS), an Indonesian gold mining company, attributes recent share price declines to external macroeconomic factors, including downgrades in Indonesia's country outlook by international rating agencies like Fitch and Moody's, rather than internal issues. Despite this, the company reported strong 2025 performance with gold production rising to 71,000 ounces and net profit doubling to US$50 million, supported by upcoming expansions such as increasing processing capacity in Palu and developing a high-grade underground mine. Management views current share prices as undervalued, with research firms projecting targets of Rp1,000 to Rp1,300, and has been actively purchasing shares as part of a personal investment strategy.",
        "content": "<p>The gold mining issuer jointly owned by the Salim Group and Bakrie\nFamily, PT Bumi Resources Minerals Tbk (BRMS), assesses that the decline\nin its share price in recent times is more influenced by external\nfactors, particularly macroeconomic conditions and global perceptions of\nIndonesia\u2019s prospects. BRMS Director Herwin Hidayat stated that the\npressure on the company\u2019s shares is inseparable from changes in\nIndonesia\u2019s outlook by international rating agencies. \u201cThe decline in\nBRMS\u2019s share price is more due to macro sector factors, such as\nIndonesia\u2019s country outlook being downgraded from stable to negative by\nFitch &amp; Moody\u2019s, etc.,\u201d said Herwin to Bisnis, quoted on Thursday\n(19\/3\/2026). Nevertheless, he emphasised that the company\u2019s fundamentals\nremain solid and even show improved performance throughout 2025. BRMS\u2019s\ngold production increased from 64,000 ounces in 2024 to 71,000 ounces in\n2025. Financial performance also recorded significant growth. Revenue\nrose from US$162 million in 2024 to US$249 million last year. Meanwhile,\nnet profit doubled from US$25 million to US$50 million. According to\nHerwin, several positive catalysts will also support the company\u2019s\nfuture performance. One of them is the increase in gold mill capacity in\nPalu from 500 tonnes of ore per day to 2,000 tonnes of ore per day,\ntargeted for completion in the fourth quarter of 2026. In addition, BRMS\nplans to operate a high-grade gold underground mine in Palu in the\nsecond half of 2027. The gold grade of that mine is estimated to be in\nthe range of 3.5 to 4.9 grams per tonne. The company is also conducting\ndrilling on copper mineral resource prospects in Gorontalo, with\nfindings targeted to be announced in 2027. On the other hand, Herwin\nexplained that the purchase of BRMS shares by Finance Director Charles\nGobel is part of a personal investment strategy, as stated in the\ninformation disclosure. Management assesses that BRMS\u2019s current share\nprice does not yet reflect the company\u2019s fair value. With various\ndevelopment plans and performance improvements, there is potential for\nshare price increases in the future. He explained that several research\ninstitutions have also issued valuation reports on BRMS. Currently, more\nthan eight securities companies provide an average target price in the\nrange of Rp1,000 to Rp1,300 per share.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/brms-management-actively-buys-shares-share-price-pressure-deemed-a-global-factor-1773921084",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}