Coal miner Petrindo Jaya Kreasi (CUAN), owned by Prajogo Pangestu, and Bayan Resources (BYAN), controlled by Dato’ Low Tuck Kwong, are two of the most overcooked stocks in the coal sector. Shares of CUAN ended substantially lower by 7.6% last Friday (May 3) to Rp7,025, but this reflected PE multiple 41 on annualised earnings in the first quarter.To subscribe please click here
