ITMG - Plans 10% share buyback

ITMG - Plans 10% share buyback Indo Tambangraya Megah (ITMG) plans to repurchase up to 10% of its paid-up capital, allocating as much as IDR2.49 tn for the program during Nov 4, 2025–Nov 4, 2026. The proposal will be discussed at the Nov 3, 2025 shareholders’ meeting. (Source : Company) Comment : Buyback up to 10% (IDR2.49 tn) is EPS/ROE-accretive (~11%), backed by strong net cash (IDR16.9 tn), signaling confidence in undervaluation.