ADRO - Coal divestment won't disrupt operations

ADRO - Coal divestment won't disrupt operations Adaro Energy Indonesia (ADRO) has assured that divesting its subsidiary, PT Adaro Andalan Indonesia (AAI), will not affect operations as it shifts focus to non-coal and green energy projects. Key initiatives, including metallurgical coal, aluminum, and renewable energy, remain on track to support long-term growth. (Source : Company) Comment : In our view, while the shift to green energy aligns with future goals, divesting from its core coal business may weaken immediate revenue, potentially making it less attractive for investors focused on its coal-driven financial strength.