DJ MARKET TALK: Indonesian Coal Miners Still Buy - Mandiri

0322 GMT [Dow Jones] STOCK CALL: Mandiri Sekuritas keeps Indonesian coal
stocks at Buy.

"Based on our coal assumption of $100/ton, a conservative assumption
considering current price of $185/ton, coal companies are attractive on a
valuation basis"; adds falling oil prices will help reduce coal miner
costs as fuel accounts for 25%-30% of costs of goods sold; says Bumi
(BUMI.JK) preferred stock with IDR8,500 target price (vs IDR6,200, +5.9%);
sets target prices for Indika Energy (INDY.JK) at IDR4,800 (vs IDR2,925
now, +4.5%) Indo Tambangraya (ITMG.JK) at IDR34,700 (vs IDR30,100, +2.4%),
Bukit Asam (PTBA.JK) at IDR14,900 (vs IDR12,750 now, +3.7%)

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