Apr 21, 2015 | Commodities, Market
Medco Energi International (MEDC), an oil and gas company with interest in power generation, suffered 19.6% drop in net profit to US$10.1 million last year. Like other energy companies, MEDC is consistently valued below its equity due to persistent low return on...
Apr 20, 2015 | Commodities, Market
China Shenhua Energy, one of the world’s largest coal producers, sold 25.4 million tons of coal last month, collapsed 36% from March 2014. Yancoal Australia Limited, subsidiary of Yanzhou Coal Mining Co Ltd, meanwhile, reported 10% fall in sales volume in the...
Apr 20, 2015 | Commodities, Reviews
PT Saga Petroleum Refinery and BP have inked partnership for the supply of crude oil and fuel to state-owned oil and gas company Pertamina. PT Saga plans to supply up to 3 million barrels of oil per month from BP’s refineries. Who’s behind PT Saga...
Apr 19, 2015 | Commodities, Market
Sekawan Intipratama (SIAP), a start-up in coal business, was top gainer last year. It ended the year at Rp465 to represent 447% gain. At this price, Sekawan had market cap of Rp11.16 trillion, bigger than Bumi Resources, Berau Coal, Indika Energy, or Toba Bara...
Apr 19, 2015 | Commodities, Market
KPB Nusantara, the joint marketing office of state plantations, withdrew almost all of CPO packages (8500 tons) auctioned off Friday (April 17) due to low bids. Bids were as low as Rp7425/Kg (VAT 10% included) as CPO ended flat in the futures market. The benchmark...
Apr 19, 2015 | Commodities, Market
Oil and gas company PT Medco Energi International (MEDC) Tbk has joined other Indonesian groups to list S$500 million multi currency medium term note (MTN) program on the Singapore Exchange (SGX). The program is arranged by ANZ Banking Group, DBS Bank Ltd, and...
Apr 17, 2015 | Commodities, Market
PT KPB Nusantara, the joint marketing office of state plantations, withdrew most of CPO packages auctioned off Thursday (Apr 16) due to low bids. Bids were as low as Rp7517/Kg (VAT 10% included) due to appreciation of rupiah and softening of CPO in the futures market....
Apr 16, 2015 | Commodities, Market
Shares of Berau Coal Energy (BRAU) surged by 24% on Indonesia Stock Exchange (IDX) Thursday (April 16) morning following clearer information surrounding Sinarmas Group’s proposed acquisition of Asia Resource Minerals (ARMS) Plc. BRAU was among the most traded...
Apr 16, 2015 | Commodities, Market, Politics
Indonesia returned to trade deficit of US$279 million last month against surplus of US$33 million in February. The country then posted deficit of US$402 million in the first quarter, dropped 87% from the corresponding period of 2014. So far, so good, right? Well, if...
Apr 16, 2015 | Commodities, Market
WTI crude oil regained grounds in the past few trading days to close at US$56.08 per barrel on Nymex Wednesday (Apr 15). Thermal coal price, on the other hand, yet to improve, mainly due to weak China data. China Coal Energy Co Ltd, one of the largest producers in...
