Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
PT Wilton Makmur Indonesia Tbk., along with its affiliated companies, primarily concentrates on the prospecting and extraction of gold across Indonesia. A significant undertaking is its Ciemas Gold Project, which spans an area of 3,078.5 hectares within West Java. In addition to its core gold activities, the company also engages in the commerce of diverse natural resources, such as zirconium, lead, and coal. Founded in 2000, this Jakarta-headquartered firm operated under the name PT Renuka Coalindo Tbk until its rebranding in October 2019. It operates as a subsidiary of Wilton Resources Holding Pte. Ltd.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks.