Jun 1, 2012 | Commodities, Industries, News Group
Forget about dispute between Rothschild and Bakrie/Samin Tan for a while. Let’s talk about progress of some junior coal players in the country, whose combined output might be bigger than old players like KPC, Arutmin, and Berau in the coming years. In this...
May 20, 2012 | Commodities, Industries, News Group
Coal-related shares opened mixed in the region this morning. Bukit Asam, Bumi Resources, Harum Energy, and ABM Investama were in red zone, while Borneo Lumbung and Indo Tambangraya gain more than 1%. In this report: (1) Newcastle Port weekly report…. NEWCASTLE...
May 12, 2012 | Agriculture, Industries, News Group
Provident Agro (PALM) is the newest plantation company listed on Indonesia Stock Exchange (IDX). The stock jumped 20% in the first few days of trading, but has recently retreated to leave only 3.3% gain. The company suffered substantial loss in nine months of 2012,...
May 12, 2012 | Industries
If the debt restructuring proposal is approved by all parties, ownership of PT Trans Pacific Petrochemical Indotama, the second largest petrochemical complex in Indonesia, will change substantially. State-owned oil and gas company will become the largest shareholder....
May 11, 2012 | Agriculture, Industries, News Group
Crude palm oil (CPO) lost RM85 to RM2411 per ton for the benchmark January 2013 contracts Monday (Nov 5) after RM41 correction last Friday. Supply-demand balance and downfall of crude oil weighed on the commodity. In this report: (1) Sime Darby, (2) Genting...
May 11, 2012 | Industries
PT Panca Amara Utama (PAU), subsidiary of PT Surya Esa Perkasa (ESSA) Tbk has signed mandate letter with the International Finance Corporation (IFC), investment arm of World Bank, wherein IFC will arrange US$500 million debt financing for PAU’s US$750 million...
May 11, 2012 | Commodities, Industries, News Group
Nymex crude oil declined substantially to US$84.7 per barrel Friday (Nov 2). This will cut fuel cost of coal miners, but at the same time delays recovery in thermal coal prices. In this report: (1) Garda Tujuh Buana, (2) Astra Group, (3) Atlas Resources, etc. GARDA...
May 10, 2012 | Agriculture, Industries, News Group
Plantation shares ended mostly higher in the region Friday to tracking rebound of crude palm oil (CPO) in both futures and physical markets. BW Plantation gained 4.29% in Jakarta, while Golden Agri-Resources advanced 2.38% in Singapore. This might be a good news for...
May 10, 2012 | Industries
Astra International (ASII) is not among the top gainer this year. The stock has only gained 9.5% year-to-date. Two of its major subsidiaries, United Tractors (UNTR) and Astra Agro Lestari (AALI), meanwhile, dropped 21% and 20% respectively year-to-date due to...
May 10, 2012 | Industries, Mining, News Group
Gold moves closer to US$1800 per ounce. G-Resources Ltd, owner of Martabe gold mine in North Sumatra, gains 1.6% in Hong Kong this morning. The stock, however, declined substantially in recent weeks because of the unresolved waste dispute with local residents....
