🔴 Bumi Resources Minerals is trading 4.1% down today after weak first-half results

Bumi Resources Minerals is trading IDR 590 (-4.07%) after weak first-half operating results and reduced analyst expectations.

• First-half net profit fell 43.75% year over year; production and sales were pressured by mining pushback, domestic oversupply, and lower realized gold prices.
• BRI Danareksa cut its target price to IDR 700 from IDR 1,100.
• No reliable volume data or separate August 11 catalyst was found.