Search result for: "coal company"

PT Golden Energy Mines, Tbk (GEMS IJ) is allocating its capital expenditure worth USD12mn in 1H2017, prepared for mining operations. While last year’s capex was only USD2mn, amidst company was not too aggressive for expansion and global coal price volatility. Currently, company realized its capex worth USD1mn in 1Q2017 to upgrade crusher and for.

Multifinance company, Chandra Sakti Utama Leasing offers IDR500bn bonds with coupon varies from 9.25% to 10.75% in order to push financing business. The bonds are divided into two series, A series 370-days with coupon range 9.25%-10% and B series 3-years with coupon range 10%-10.75%. This is the first bonds that the company has been issued..

Mayora Indah, Tbk (MYOR IJ) set its Shelf Registered Bond I Tranche I worth IDR500bn coupon at 9.25%. The company also set its bond issuance in just one serie (5y). The net proceeds will be used for working capital and to pay off its maturing sukuk mudharabah II year 2012 worth of IDR250bn this year..

PP Properti, Tbk (PPRO IJ) heavily build residential project in Cikarang, West Java with the aim market workers Jababeka industrial area. Subsidiary company of Perusahaan Pembangunan, Tbk (PTPP IJ) will manage the dwelling area of 4.6 Ha in Jababeka in 2017. PP Properti Financial Director, Indaryanto said, the development includes the construction of six residential.

Delta Dunia Makmur, Tbk (DOID IJ), a mining contractor company, had as many as nine main contract worth USD1.6bn until 2019. The ninth contracts such are: (1). Adaro (Paringin); (2). Kideco, (3). Berau Coal (Lati); (4). Berau Coal (Suaran); (5). Berau Coal (Binungan); (6). KPC Bengalon; (7). Darma Henwa; (8). Sungai Danau Jaya; and (9)..

The newly offered bonds by Bank Rakyat Indonesia, Tbk (BBRI:IJ) are priced at 8.5% for 1y bond while the 3y and 5y bonds priced at 9.25% and 9.6% respectively. They all are higher by 5-10bps than the coupon rate given on its similar bonds last year. Note that the bank has also issued 3 bonds.

While the growth of Indonesia’s media industry has slowed down to 9% (from a 21% mean in 2010-2014), media is still the most effective tool to promote consumer products, due to its long-term prospects. We believe ad spending may improve when the economy recovers. We initiate coverage on the sector with a NEUTRAL rating and.

We recently visited Samudera Indonesia (SMDR IJ, Not Rated) here are the key takeaways: The company is an integrated logistic & cargo company that serves international & domestic market, Samudera has 18 subsidiaries that is divided into 3 categories; Shipping, Logistics, and Agency & Terminal, the largest contributor of revenue for the company comes from.

PT Bukit Asam (PTBA IJ, BUY, TP: IDR14,400) through its subsidiary PT Bukit Multi Investama is planning to acquire a gold mining service company before the end of this year. The company is still in due diligence process. This action is believed to add more value and synergy to Bukit Asam, but no details regarding.

Wintermar Offshore Marine (Wintermar)’s 1H14 earnings of USD13m (+11.4% YoY) made up 38%/40% of our/street targets for FY14. The underperformance was mainly due to higher-than-expected interest expenses and lower-than-expected third-party vessel charters. Still, we see fundamentals of the OSV industry remaining solid and projects being abundant going forward. Maintain BUY, with our TP at IDR1,610.