Search result for: "mining sector"

INDY: 25% of Non-Coal Income. The fluctuating coal price is the cause of the financial performance of the coal issuers. Indika Energy Tbk (INDY) record a decrease in revenue of 4.6% to USD 1.38 Billion. Whereas in the same period the previous year, INDY recorded a net income of USD 1.44.

United Tractors, Tbk (UNTR IJ) sell as much as 837 units of heavy equipment in the period January to March 2019, this value increased 10.71% of sales of heavy equipment for the same period of the year 2017 756 units. Komatsu sales for the mining sector.

Some coal company assets increased over the past year, one of them Bukit Asam (Persero), Tbk (PTBA IJ). Over the past year total assets to IDR24.17Trn rose 9.91%, from year 2017 IDR21.99Trn. Secretary of PTBA, Suherman convey the presence of asset growth comes from the additional.

Indo Tambangraya Megah, Tbk (ITMG IJ) optimistic year-end financial performance better, although profit 1H2018 decline. The decline in profit was caused by a number of factors, such as reduction in the selling price of coal because of the increase in the volume of sales of low-calorie.

United Tractors, Tbk (UNTR IJ) continued the positive performance registered over the period 1H2018. Throughout the first six months, income of the subsidiary of Astra International, Tbk (ASII IJ) was recorded at IDR38.94Trn, or rose 32.31% compared with the same period in.

Island Concept Indonesia, Tbk (ICON:IJ) would extend its catering business in 2018, since the hope of oil and gas mining sectors condition in improving in 2018. While in property sector, company also extend the business through its subsidiary, namely Bhumi Lestari Makmur (BLM). The company is currently developing the Villa project as much as 113.

UNTR’s FY12 net profit came in at IDR5.78trn (-2% y-o-y), which was 4.5% above estimate and in line with our forecast. Its FY12 consolidated sales totaled IDR55.95trn (+2% y-o-y, +27% q-o-q), 2.1% above our estimate, which we deem in line. We are upgrading UNTR to NEUTRAL based on the following reasons: i) we see upside.

Mitrabahtera Segara Sejati’s (MBSS) share price has gone up and the stock has outperformed the JCI and is the best outperformer against the coal supporting industry and the coal mining industry relative to the JCI stretching back for the past one year. Following the positive reaction to the market over the last couple of weeks,.

We attended United Tractors’  (UNTR IJ, SELL, TP IDR19,700) annual analyst meeting yesterday and witnessed an unusually pessimistic note from the largest player within the Indonesian heavy equipment market. Yet, we are delighted to learn that our new call and target price on UNTR found a firmer foundation as the company confirmed of our FY.

United Tractors’ (UNTR) 2Q12 revenue grew 19.48% y-o-y or 3.70% q-o-q. Net profits rose 21.35% y-o-y or 1.99% q-o-q to IDR3.09trn, accounting for 49.60% of our FY12 forecast and largely in line with our expectation. The bottom-line growth was mainly contributed by Construction Machinery segment (70.57% gross profits growth y-o-y, despite a slow 0.09% q-o-q)..