Mar 6, 2015 | Commodities, Market, Reviews
Gold for April delivery rose 0.2% to US$1,198.60 per ounce, but declined 1.9% this week amid the rise in Fed interest rate. Then the yellow metal would face a bearish trend in the short run. Companies in this report: Aneka Tambang, G-Resources Sumatra Copper &...
Mar 5, 2015 | Commodities, Market, Reviews
State-owned oil and gas producer & distributor PT Perusahaan Gas Negara (PGAS) Tbk booked net profit of US$722.75 million last year, declined 10.16% from 2013, mainly due to weak performance in the last quarter of the year. Issues to watch going forward? PGN...
Mar 5, 2015 | Commodities, Market
Like other oil and gas giants, ExxonMobil has decided to cut its spending by 12% to US$34 billion this year due to the falling prices. Interestingly, WTI crude oil for April delivery moved closer to US$52 per barrel in Asian trading this morning. Oil and gas drilling...
Mar 5, 2015 | Commodities, Market, Reviews
United Tractors (UNTR) started 2015 with weak performance in almost all of its business segments: heavy equipment sales, coal mining contracting, and own-coal production. Bayan Resources (BYAN), meanwhile, terminated earlier its mining contract with Petrosea (PTRO) on...
Mar 4, 2015 | Commodities, Market, Reviews
State tin producer PT Timah (TINS) Tbk, the world’s second largest producer, booked net profit of Rp638 billion last year, grew 9.9% from 2013 despite strong sales revenue growth of 26%. Falling margins were attributable to weak tin prices due to oversupply in...
Mar 4, 2015 | Commodities, Market
Volatility is the name of the game. Crude palm oil (CPO) ended flat Tuesday after dropping significantly in the morning session. In Jakarta’s physical market, KPB Nusantara, the joint marketing office of state plantations, sold most of CPO packages auctioned off...
Mar 4, 2015 | Commodities, Market, Reviews
State coal producer Bukit Asam (PTBA) booked net profit of Rp2.016 trillion last year, grew 10.4% from 2013, thanks to higher sales growth in rupiah and lower costs. Like other coal producers, however, Bukit Asam suffered significantly in the last quarter of 2014 on...
Mar 3, 2015 | Commodities, Market, Reviews
Shares of Cokal Ltd surged 37% to A$0.13 on the stock exchange of Australia (ASX) this morning following a proposal from IDX-listed Cakra Mineral’s plan to acquire Cokal, which has some coal projects in Kalimantan, Indonesia. At the current price, Cokal Ltd has...
Mar 2, 2015 | Commodities
The Indonesian coal mining industry continues to face pressure from an expansionary supply situation and weak demand, resulting in a general expectation of coal prices to remain relatively soft in the near future. Accordingly, the Indonesian Coal Reference Price (HBA)...
Mar 2, 2015 | Commodities, Market
Crude oil regained grounds Friday, but was still below US$50 per barrel. Other than volatility of crude oil, market participants are now waiting Indonesian government’s decision on the strategic Mahakam Block. Politicians have mounted pressures toward state-owned oil...
