Should You Invest in Nickel Asia (NIKL) Stock in 2025?

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At HelloSafe, our expert has been tracking the performance of Nickel Asia for over three years. Every month, hundreds of thousands of users in the Philippines trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Nickel Asia.

What is Nickel Asia?

The Nickel Asia stock price

The price of Nickel Asia stock is rising this week. Currently, Nickel Asia trades at ₱2.27 per share, marking a slight 24-hour decline of 0.85% but showing a weekly gain of 2.88%. The company holds a market capitalization of ₱32.26 billion, with an average trading volume of 4.07 million shares over the past three months. With a P/E ratio of 17.76, a dividend yield of 4.74%, and a low beta of 0.59, the stock displays moderate volatility and consistent income potential. This stability, combined with strong fundamentals, makes Nickel Asia a notable option within the mining sector.

Our full analysis of the Nickel Asia stock

We have conducted a rigorous review of Nickel Asia’s latest financial results and traced the stock’s performance over the past three years. By integrating current market data, technical indicators, sector benchmarks, and proprietary algorithmic insights, this analysis aims to offer a holistic perspective on one of the Philippines’ most significant mining stocks. So, why might Nickel Asia stock once again become a strategic entry point into the country’s fast-evolving mining and electric vehicle materials sector in 2025?

Recent performance and market context

Nickel Asia has shown resilience amid sector volatility, with the stock currently quoted at ₱2.27 per share and a market capitalization of ₱32.26 billion as of July 2025. Despite registering a slight 24-hour decline of 0.85%, the share price has advanced 2.88% week-on-week—signaling renewed buyer interest after a period of extended weakness (down -31% over six months, -35% over one year). This dynamic reflects both the cyclical challenges and the underlying potential of the sector.

The most recent catalyst is the robust Q1 2025 financial results, where net income soared by 148% year-on-year thanks to improved ore pricing and a significant one-off gain from the sale of a stake in Coral Bay Nickel Corp. The operational expansion into new mines—Surigao, Manicani, and Dinapigue—further underpins forward-looking optimism, while subsidiary Jobin SQM’s 30% power output growth demonstrates strategic diversification into renewables.

Macroeconomically, the global momentum toward electric vehicle (EV) adoption and renewed infrastructure investment continues to drive nickel demand, with the Philippines uniquely positioned as a leading supplier. This confluence of favorable sector trends and positive company-specific developments generates an opportune context for Nickel Asia’s equity revaluation.

Technical analysis

From a technical standpoint, Nickel Asia’s stock is approaching a key inflection zone. While short-term signals remain conservative—RSI at 38.85 (suggesting proximity to oversold), MACD negative, and the share price below its moving averages—these very signals often precede attractive entry points for medium- and long-term participants. The stock trades just above crucial supports (₱2.13–₱1.96), providing a reassuring floor for patient accumulation, and the weekly reversal (+2.88%) highlights possible exhaustion of selling pressure.

The technical context is further reinforced by the Williams %R indicator at -90.909, squarely situating the stock in an “oversold” regime. Historically, reversals from such levels tend to fuel powerful rebounds as value-seeking investors step in. The 52-week range (₱1.97–₱4.25) offers ample room for appreciation, especially as sentiment pivots alongside fundamental recovery.

Fundamental analysis

Underlying Nickel Asia’s appeal is a suite of high-quality fundamentals. Q1 2025 saw robust revenue growth (+16% YOY) and a remarkable surge in earnings, with attributable net income reaching ₱501.03 million. Management’s ability to extract exceptional returns despite cyclical headwinds is further evidenced by a resilient EBITDA of ₱969.63 million.

Valuation remains compelling: the stock trades at a P/E of 17.76, a meaningful discount to both its multi-year average and the sector average (24.55x), while offering an attractive 4.74% dividend yield. This points to reliable income generation in tandem with capital appreciation prospects. The low beta (0.59) indicates below-market volatility, making Nickel Asia especially appealing to those seeking defensive exposure to metals and mining.

Structurally, Nickel Asia stands as the country’s preeminent nickel ore producer and a steady innovator in ESG-compliant mining. Its diversified asset base—spanning Palawan, Surigao, and Dinagat—ensures operational resilience, while strategic moves into renewable energy further broaden its addressable market.

Volume and liquidity

Trading activity is consistently robust, with a three-month average daily volume exceeding 4 million shares. This healthy liquidity profile signals enduring market interest and reduces entry/exit friction for all investor profiles. With approximately 3.52 billion shares in the public float, the stock’s valuation remains dynamic, responsive to both domestic and global flows.

Such liquidity not only facilitates tactical moves but also supports sustained reratings as fresh catalysts emerge, providing a foundation of market confidence on which conviction can be built.

Catalysts and positive outlook

• Electric vehicle revolution: Nickel is critical for EV battery production, and the global ramp-up in EV adoption ensures lasting demand for quality ore.
• Strategic expansion: The opening of new mining fronts and a commitment to grow renewable energy capacity (targeting 1 GW by 2028) diversify revenue streams.
• ESG and innovation: Industry-leading sustainable practices and a positive reputation among international buyers can unlock premium pricing and partnerships.
• Market leadership: Domination of the Philippine nickel ore market (the largest in Southeast Asia) positions the group as the supplier of choice for expanding Asian and global consumption.
• Operational prowess: The company’s track record—evidenced by outperforming analyst estimates and effective cost management—reinforces delivery credibility.
• Sector tailwinds: The ongoing infrastructure modernization in the Philippines, regional supply constraints, and supportive regulatory environment all combine to enhance demand visibility.

Management’s proactive approach—pivoting into renewables, optimizing asset portfolio, and capitalizing on global strategic trends—serves as a robust growth and risk-mitigation engine.

Investment strategies

• Short-term positioning: The technical oversold signals and support tests suggest opportunity for tactical rebounds, especially as sentiment improves with positive earnings or commodity price news.
• Medium-term view: As new mines reach capacity and renewable initiatives ramp up, mid-horizon investors may benefit from multiple upward catalysts, riding the inflection point from cyclical lows.
• Long-term horizon: The EV megatrend, sustainable mining leadership, and geographical diversification underpin a strong structural growth case. Regular, attractive dividends also make the stock excellent for buy-and-hold strategies focused on value and income.

Ideal entry points often occur after periods of technical consolidation, at or below recent support levels, or in anticipation of earnings releases and strategic project announcements. The current environment combines all these favorable factors.

Is it the right time to buy Nickel Asia?

Nickel Asia distinguishes itself through resilient fundamentals, a forward-thinking management team, and clear alignment with megatrends (electrification, sustainability, infrastructure growth). Attractive valuations, oversized dividend yield, and defensive beta characteristics all give the stock profile that compares favorably with global peers.

With powerful new catalysts in play—ranging from a bullish shift in sector dynamics to ongoing expansion and ESG leadership—the stock seems to represent an excellent opportunity for investors seeking exposure to the metallic backbone of Asia’s clean energy transition. The recent pullback may well precede a renewed bullish phase, supported by growing demand, improving financials, and high-impact corporate actions.

For investors evaluating promising growth stories in the Philippine market, Nickel Asia offers a rare blend of stability, upside potential, and sector leadership. Its unique positioning may justify renewed interest and fresh capital allocation as the market looks beyond short-term consolidation toward a sustainable, growth-oriented future.

Nickel Asia appears ready for a new chapter—one where its operational excellence, market dominance, and commitment to transformation could combine to generate compelling returns for those prepared to seize the opportunity.

How to Buy Nickel Asia Stock in the Philippines

Buying Nickel Asia stock online is simple and secure through a regulated Philippine broker. You can choose between two straightforward methods: direct spot (cash) buying, where you own real shares, or CFDs, which allow you to trade price movements with leverage and flexibility. Both options are accessible online and offer different risk/return profiles for investors. If you want to compare brokers more closely, you’ll find a helpful comparison further down this page.

Spot buying

A cash (spot) purchase of Nickel Asia stock means buying and owning real shares in your brokerage account. Philippine brokers generally charge a fixed commission per order—typically between ₱20 and ₱50, plus small regulatory charges and VAT.

Example of a Gain Scenario

For example, if the Nickel Asia share price is ₱2.27, you can buy around 440 shares with a $1,000 (approx. ₱58,000) stake, including a brokerage fee of around $5. ✔️ Gain scenario: If the share price rises by 10%, your shares are now worth $1,100. Result: +$100 gross gain, i.e. +10% on your investment.

This method best suits those interested in long-term investing, receiving dividends, and holding a stake in the company.

Trading via CFD

CFDs (Contracts for Difference) allow you to speculate on Nickel Asia’s share price changes without owning the stock. You profit from both up and down price movements, and can use leverage. CFD brokers charge a spread (the buy/sell price difference) and, if you hold positions overnight, a small financing fee.

Gain scenario

For example, you open a CFD position on Nickel Asia shares, with 5x leverage. This gives you a market exposure of $5,000 with your $1,000 capital.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

CFDs are better suited for short-term, active traders comfortable with higher risk and flexible trading tools.

Final advice

Before making any investment, compare each broker’s fees, trading platforms, and available services, as these factors can significantly affect your returns. Whether you opt for cash shares or CFDs depends on your investment goals and trading style. To make the right decision, consult the broker comparison tool further down the page.

Our 7 tips for buying Nickel Asia stock

The latest news about Nickel Asia

Nickel Asia’s Q1 2025 net income surged 148% year-on-year, driven by higher prices and divestment gains. Supported by a ₱800 million one-time income from the Coral Bay Nickel Corp. stake sale and strong ore export prices, the company’s latest quarterly results surpassed analyst expectations, strengthening its financial outlook and resonating positively with local investors.

The company recently expanded operations by launching new mines in Surigao, Manicani, and Dinapigue. These operational initiatives are expected to increase nickel ore output, improve volume growth, and reinforce Nickel Asia’s position as the leading nickel producer in the Philippines, which is closely watched by industry participants and regulators.

Nickel Asia accelerated its renewable energy strategy, achieving a 30% increase in power generation via Jobin SQM, Inc. This reinforces its diversification beyond mining and positions the group as a major local player in renewable power, contributing to stable long-term cash flows and appealing to Philippine ESG-focused investors.

The stock’s current dividend yield stands at 4.74%, backed by a history of regular distributions. The company’s dividend policy provides support for income-seeking shareholders in the Philippines, offering resilience through commodity cycles and strengthening market confidence despite stock price fluctuations.

Consensus analyst target price implies a 30% upside from current levels, with market sentiment remaining cautiously optimistic. This positive outlook reflects expectations for recovering nickel prices, increased production capacity, and persistent demand from electric vehicle supply chains, all of which are strategically significant for the Philippine market.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.