Stock Recommendations: The Performance of PTBA Potentially Under Pressure

STOCK RECOMMENDATION - JAKARTA. Despite a global improvement in coal prices, the performance of PT Bukit Asam Tbk (PTBA) is expected to remain under pressure this year.

According to Miftahul Khaer, an analyst at Kiwoom Securities Indonesia, the global coal price outlook is likely to remain subdued until 2024. Although there has been a recent strengthening in global coal prices, Khaer believes that several key factors will continue to suppress global coal prices.

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