Coal producer Golden Energy Mines (GEMS), controlled by Sinarmas Group and India’s GMR Infrastructure, booked net profit of Rp80 billion in nine months of 2014, crashed 53% from the same period of 2014. Still, GEMS is among those in positive territory, thanks to royalty of less than 5% total sales revenue.

President Joko Widodo’s decision to raise fuel price by 30% will have significant impact on profit margins of Indonesian palm oil producers going forward. An anticipated appreciation of rupiah and higher input costs from higher labor and logistic costs might squeeze their margins.

Oil and gas supporting services company PT Apexindo Pratama Duta (APEX) TBk booked net loss of US$15 million in the first half of 2014, jumped 150% from the same period of 2013 due to huge insurance compensation loss related to the damage in Rig Raissa. Also in this report: Premier Oil, KrisEnergy, and Triangle Energy.

Domestic market obligation (DMO) for coal next year is set at around 115 million tons, jumped by 28% from this year. That means domestic market would absorb around 25% of total estimated output next year. In this report: Cokal Ltd and United Coal Indonesia.

Would Pertamina and regional governments in East Kalimantan pay to Total Indonesie and Inpex for shares in the giant Mahakam Block like government of Indonesia/Indonesian entities should pay for 20.64% interest in Freeport Indonesia? Or, should Total and Inpex pay to the Government of Indonesia to maintain presence in the block?

Borneo Lumbung Energi & Metal (BORN), controlled by Samin Tan, briefly touched the ‘cushion price’ of Rp50 yesterday. London-listed Asia Resource Minerals (ARMS), parent of Berau Coal Energy (BRAU), collapsed 19.23% to 21 pence. Worse, former CEO of BRAU filed lawsuit against BRAU for the alleged breach of contract.

Nymex crude oil dropped to as low as US$74.21 per barrel, the lowest level in four years, due to supply glut. Earlier yesterday, the benchmark January 2015 contracts of crude palm oil (CPO) lost more than 1% to RM2232 per ton.

Shares of Golden Agri-Resources (GAR), controlled by Sinarmas Group, collapsed 5.9% this morning on heavier trading due to falling net profit of 28% in nine months of 2014.