TPS Food & Golden Plantation IPO

TPS Food (AISA) is among the best performing stocks in the past 52 weeks with almost 57% gain. It has declined 14% from peak, but the stock is valued fairly higher than Tunas Baru Lampung (TBLA), which generated about similar size of net sales.

COAL JOURNAL: China Play

China Shenhua Energy Co Ltd has secured approval from the National Development and Reform Commission (NDRC) for its A$1.47 billion coal project in Australia. This could change future dynamics of coal export to China.

Palm Oil Journal: Output to Watch!

The benchmark December 2014 contracts of crude palm oil (CPO) retreated by RM20 to RM2177 per ton Friday (Sept 26). Broad market sentiment and growing CPO output dragged down the commodity.

BW Plantation: Oversold?

Shares of BW Plantation (BWPT) lost another 14.81% to Rp460 on Friday (Sept 26), lower than our prediction of post-rights issue’s theoretical price. Has the stock been oversold?

BW Plantation’s First Half Financials vs AALI & SSMS

BW Plantation (BWPT), whose stock collapsed 24.6% yesterday following the rights issue plan, has finally released its first half 2014 financials. The Company booked net profit of Rp141 billion, soared by 67.3% from the corresponding period of 2013.

Coal Journal: United Tractors

United Tractors (UNTR) sold 242 units of construction machinery last month, dropped 19.6% from the previous month on continuous weakness of mining industry. Subsidiary Pamapersada, however, produced a record 10.3 million tons of coal in the month.

Coal Journal: South Korean Players

South Korea imports annually around 80 million tons of coal. Companies from the country have actually spent significant amount for acquisition of coal assets in Indonesia in recent years. Unfortunately that some of these investments failed due to legal issues.

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