Kalau dari riset Danareksa hari ini, emang Coal masih akan terus memanas,
untuk PTBA di kasih TP 11.200, BUMI di 3.050 dan UNTR di 10.300, jadi silahkan
memilih
Coal Industry
ItÂ’s HOT everywhere
Indonesia is the biggest beneficiary of high coal price
Robust coal demand from China and India and limited supply from Australia and
South Africa in our view will remain the central theme of the coal market in
the near term. Indonesia should be the biggest beneficiary of the high coal
price due to its proximity to the strong coal demand regions and relatively
problem-free infrastructure. The two coal-hungry markets are not new for
Indonesia , smoothing penetration efforts by Indonesian miners in the future in
our opinion. A major risk in our view is potential lower export volume in the
mid term because of strong domestic demand.
Growing M&A activities are very likely
The strong coal demand and the tight supply will eventually intensify
competition for securing coal supplies in our opinion. Despite no significant
progress in the investment climate in the sector, Indonesia we believe will be
the main M&A target due to its competitive position and costs structure. That
in our opinion will boost up valuations for the sector.
Future domestic demand can structurally change the industry
Very strong growth of the power sector will push up the domestic coal demand
over the next three years by 26% CAGR in our estimate. Assuming stable
domestic-export proportion in the future, supply can be very limited and even
in deficit. The situation can be a case study for the government to balance
legal and economic interests of the sector. The robust demand will also create
a new market segment for the widely-available lignite coal, and in our view
will potentially change the domestic pricing mechanism should the required
infrastructure be ready.
OVERWEIGHT, PTBA is our top pick
We are bullish on all public coal-related companies as we believe that the
positive developments in the coal market will benefit both coal miners and coal
mining contractors. PTBA is our top pick in the sector due to its higher upside
potential, attractive production growth, risk and earnings profile outlook and
distressed asset valuation.
doekoen jamoe <[EMAIL PROTECTED]> wrote: Pakne-pakne,
Main saham ada banyak rule berikut saya sebutkan salah satunya :
1. main saham adalah buy on rumor and sell on the news.
On 7/17/07, p4n k <[EMAIL PROTECTED]> wrote: Bingung juga 2 hari
ini, ada apa lagi dengan bumi, padahal ada berita yang rumayan bagus buat BUMI.
Mungkin bandar mau collect aja, jadi harga-nya drop dulu...biar banyak cuan....
Gimana kawan2 ? PTBA naik pesawat jet, Bumi naik apa nih?
Bisa-bisa naik Roket Jet
Salam Cuan
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