Tag: ABMM

Corporate Actions & Earnings

Coal miner ABM Investama (ABMM) is in the process of acquiring coal mining assets in Kalimantan. Some 150 mining areas have been reviewed for acquisition. The Company prefers coal mining assets with reserves of 50-100 million tons and has calorie of around 4,000 Kcal/kg to boost the production.

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Trakindo on ABM Investama: No Mercy?

Unlike peers, ABM investama (ABMM), a company engaged in coal mining, contracting, rental of diesel generators, and other services, posted significantly lower net profit in the first nine months of 2017. In the period, net profit dropped 36% to US$9.54 million, even though sales revenues increased by 17.8% to US$500.9 million. Why?

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