TINS Strengthens Market Position Amid Rising Global Tin Demand
JAKARTA, investortrust.id – PT Timah Tbk, or TINS, Indonesia’s largest tin producer, is well-positioned to sustain financial growth this year, driven by increasing global demand and operational efficiencies, making its stock an attractive investment opportunity.
Sucor Sekuritas, in a research report released last week in Jakarta, recommended buying TINS shares with a target price of Rp 1,740.
Strategic Advantages of TINS
Analyst at Sucor Sekuritas Jeremy Hansen NH highlighted several factors that reinforce TINS’s strong market position.
First, the company holds the largest tin mining concession in Indonesia, allowing it to capitalize on the increasing global demand for tin.
Second, TINS benefits from the Indonesian government’s firm stance against illegal tin mining, supported by stronger governance measures and the implementation of the TSL Ausmelt smelter, which has enhanced cost efficiency.
Third, TINS shares are currently trading at an attractive valuation, with a forecasted price-to-earnings (PE) ratio of approximately 5.5 times for 2025. “This supports our recommendation to maintain a ‘buy’ rating on TINS stock, with a target price of Rp 1,740 per share,” Hansen stated.
Global Tin Demand and Market Trends
The global tin market is experiencing rapid growth, driven by expanding demand from industries such as computing, robotics, electric vehicles, and renewable energy. Global tin consumption is expected to double to 800,000 tons by 2040. However, the supply side remains constrained due to the limited development of new mining operations, which could sustain average tin prices in the range of $28,000–$35,000 per ton.
Sucor Sekuritas projects TINS’s net profit to rise to Rp 1.37 trillion in 2025, compared to an estimated Rp 1.13 trillion in 2024. The company’s revenue is also expected to increase from Rp 10.46 trillion in 2024 to Rp 11.86 trillion in 2025.
With strong fundamentals and a favorable industry outlook, TINS remains a compelling stock pick amid the surging global demand for tin.