[SMM Nickel Market Flash] Harita Nickel Plans Rp 1 Trillion Buyback, Citing Undervalued Share Price

Published: May 25, 2026 18:02

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Trimegah Bangun Persada, also known as Harita Nickel (NCKL), plans to carry out a share buyback of up to Rp 1 trillion over the next 12 months after its annual general meeting on June 30, 2026. The company said the buyback is intended to support shareholder value because the current market price does not yet reflect the company’s underlying fundamentals. NCKL shares rose more than 1% to Rp 860 on Monday.

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