First half results: Mining (2)

Shares of PT Timah Tbk (TINS), one of the world’s largest producers of tin, retreated 3.3% to Rp735 Monday (Aug 3). Still, Timah gained 124% from its low (Rp328) as investors anticipating improvement in the company’s financials in the second half. First half was disappointing with net loss of Rp390 billion against Rp205.3 billion in the corresponding period last year.To subscribe please click here