Rising Nickel Ore Prices May Support Central Omega Resources' Earnings — Market Talk

About this update from Pt Central Omega Resources Tbk

Higher nickel ore prices are likely to support Central Omega Resources' earnings, despite a quota cut on mining, says UOB Kay Hian. Indonesia's new nickel ore benchmark pricing framework, which took effect April 15, and the limited nickel ore mining quota across the industry have driven realized prices of the commodity sharply higher, the analyst says. However, the brokerage cuts its 2026 and 2027 net-profit forecasts for the mining and mineral processing company by 6% and 21%, respectively, to reflect lower sales volume assumptions. It lowers the stock's target price to 820.00 rupiah from 900.00 rupiah, with an unchanged buy rating. Shares are 3.0% lower at 655.00 rupiah. ([email protected])

View stock analysis, news, and events for Pt Central Omega Resources Tbk