Coal Producers in Q3: Adaro & Indika
Adaro Energy (ADRO) and Indika Energy (INDY) have gained 263% and 524% from their respective bottom as investors anticipate improvements starting third quarter of 2016. While Indika Energy remained in negative territory, Adaro enjoyed net profit of US$209.1 million in Jan-Sep 2016, an increase of 10.6% from the corresponding period of 2015.
Coal Producers in Q3: Harum Energy
Thermal coal yet to stop its rally. Tradingeconomics.com recorded thermal coal price of US$94.1 per ton last Friday, which means 30% gain in October alone. The Commodity rallied since July, helping coal producers, including Harum Energy (HRUM), to report improvements in the third quarter.
Plantations in Q3: Better, but Not Enough
PT Eagle High Plantations (BWPT) Tbk has gained 39.1% year-to-date, but dropped 39% from its peak as investors yet to get confirmation about status of the deal between Peter Sondakh’s Rajawali Corpora and Malaysian giant Felda Group. Fundamentals, meanwhile, were still under pressures in the third quarter.
Plantations in Q3: London Sumatra
Shares of palm oil and natural rubber producer London Sumatra Plantations (LSIP) ended lower in morning session Friday (Oct 28) as some investors responded negatively the company’s performance for the first nine months of 2016. We, however, noted significant improvement in the third quarter vis-a-vis first half of 2016.
Coal Producers in Q3: Luhut’s Toba Bara
Toba Bara Sejahtera (TOBA), a coal producer controlled by the family of Luhut Binsar Pandjaitan, coordinating minister for maritime affairs—-supervising energy & mining sector, booked net profit of US$1.73 million in the first nine months of 2016, collapsed 81.8% from the corresponding period of 2015.
Jonan-Archandra on Mahakam Block
State-owned oil and gas company Pertamina and the special task force for upstream oil and gas (SKKMigas) have on Tuesday (Oct 25) signed amendment of production sharing contract (PSC) for Mahakam Block, the largest gas producing block in the country. This is the first major decision approved by the duet of Ignatius Jonan and Archandra Tahar at energy & mineral resources ministry.
Coal Producers in Q3: Resources Alam
PT Resources Alam Indonesia (KKGI) Tbk, a small coal producer, is among the best performing stocks this year. It already gained 300% year-to-date as investors anticipated improvements in the bottomline of coal producers following price hike in recent months.
Gas Price Cut: Tone Down Your Expectations!
President Joko Widodo has signed Regulation No. 40/2016 few months with a view of cutting gas price effective from January 1st, 2016. The regulation, however, yet to be implemented for several reasons, which might be rooted in the existing policy design and impacts to the State Budget’s revenue side.
Rally of Palm OIl & Stocks
Shares of plantation companies ended mostly higher grounds in the region Monday (Oct 24) to tracking the rally of crude palm oil in both physical and futures market. Astra Agro Lestari (AALI) and London Sumatra (LSIP) led with 4.97% and 3.73% gain respectively. Sustainability?
Coal Rally & Stocks
Price of thermal coal has gained 27.7% to US$91.3 per ton, according to tradingeconomics.com, a platform from World Bank. Coal trading platform globalCOAL, meanwhile, recorded Australian thermal coal of US$100 per ton for November shipment, the first time since 2012.