The question should be how high they will go because coal price remains strong. But, here we are seeing Bumi Resources (BUMI) at Rp228 today or 56.2% from its peak before conversion of some debts into new shares of the largest coal group. Benakat Integra (BIPI), which handles logistics of Kaltim Prima Coal and Arutmin Indonesia, is now Rp102 or 39% from peak in February despite strong performance in the first half. To subscribe please click here
