Day: October 23, 2016

Coal Rally & Stocks

Price of thermal coal has gained 27.7% to US$91.3 per ton, according to tradingeconomics.com, a platform from World Bank. Coal trading platform globalCOAL, meanwhile, recorded Australian thermal coal of US$100 per ton for November shipment, the first time since 2012.

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Revisiting Maybank Indonesia

Maybank Indonesia (BNII) is among the best performing stocks with 86% gain year-to-date, supported by its consistency in reporting strong performance in the past three quarters. The bank posted net profit of Rp1.29 trillion in Jan-Sep 2016, jumped by 118% from the corresponding period of 2015.

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Weaker Third Quarter for HM Sampoerna

PT HM Sampoerna (HMSP) Tbk, the largest cigarette producer in Indonesia, booked net profit of Rp9.01 trillion (US$693 million) in the first nine months of 2016, an increase of 19.5% from the corresponding period of 2015. Overall, however, the Company reported weaker performance in the third quarter.

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