AMMN:IDXPT Amman Mineral Internasional Tbk Analysis

The stock is trading at 3,450 IDR, well below its 20‑day SMA of 3,269 and far beneath the 50‑day (4,332) and 200‑day (6,413) averages, confirming a bearish price trend. RSI sits around 46.5, indicating neutral momentum, while the MACD histogram is positive (+80.9) and the signal line suggests a bullish short‑term reversal. Volatility is extreme at over 111 % for the past 30 days, and the recent max drawdown of -67 % underscores the risk of further declines. The market sentiment is in the “Extreme Greed” zone (fear‑greed index 86.45), yet the price remains near the identified support of 2,710 and well below resistance at 3,960.
Fundamentally, AMMN posted a staggering 379 % revenue surge and solid margins (gross ~49 %, operating ~39 %), but its balance sheet is strained with a debt‑to‑equity ratio above 116 % and negative free cash flow of roughly -1.09 B IDR. Valuation multiples are distorted—P/E around 23.4× and a sky‑high P/B of 45,394×**—reflecting a tiny book value per share. Analysts forecast a target price near 7,400 IDR, implying upside of over 110 %. No dividend is paid, and the company’s exposure to copper and gold markets, combined with its high debt load, suggests that upside hinges on commodity trends and successful debt management.