Dharma Polimetal (DRMA IJ): Results for 4Q24 in line with estimates

Dharma Polimetal (DRMA IJ)
BUY / TP: IDR:1,200 (+29.0%)
Analyst: Alditya Galih Ramadhan

Results for 4Q24 in line with estimates
• One-off gain drags the growth
• Opportunity surfaces amid 4W slowdown
• What’s next for the non-OEM segment?
• Downgrade our TP to IDR1,200 (US$0.07)