AMMN:IDXPT Amman Mineral Internasional Tbk Analysis

The stock is trading at its technical support of 5,500 IDR, well below the 20‑day SMA of 7,052.5, the 50‑day SMA of 7,247.5 and the 200‑day SMA of 7,454.5, indicating a strong bearish bias. Momentum signals are mixed: the RSI 14 sits at 30.99 (oversold territory) while the MACD line remains bearish with a negative histogram, and volume is trending higher, suggesting a possible short‑term bounce. However, volatility is extreme at 87% (30‑day) and the beta is low at 0.38, meaning price swings are largely company‑specific.
Fundamentally the company is in distress: revenue has collapsed by 61.7%, profit margin is a negative 36.2%, and operating cash flow is deeply negative. Leverage is severe with a debt‑to‑equity ratio of 125.8 and total debt exceeding cash by nearly six‑fold. Valuation metrics are absurdly high (P/B > 80,000, P/S > 558,000) and the forward P/E of 16.7 rests on a breakeven EPS projection. Adding to the pressure, Indonesia’s recent ban on copper concentrate exports creates a high regulatory headwind for Amman’s core operations.