Wow, HRUM hari ini mantap ya. Average down terus sampe 5400-an, akhirnya hari ini bisa lolos di 5800-an. Lumayan. Semoga besok Tante CS sama Tante ML mau guyur HRUM lagi. Kutunggu dengan penuh kerinduan... he.. he...
2012/6/13 Bambang Kansah <[email protected]> > ** > > > *Credit Suisse: Indonesia Coal Sector - Cheaper option.* > ● The coal sector has been underperforming the Indonesian market trading > at 10x FY12E P/E. The sector now trades at a 28% discount to the JCI. > Compared to other regional players, Indonesian coal stocks offer a cheaper > option, given that they > trade at a 13% discount to their Chinese peers. > ● We are bullish on our coal price assumptions as we still see strong > demand from China and India . The risk is on the supply side from Indonesia > as domestic consumption is set to increase with new power plants coming on > stream to support the country’s > economic growth. > ● The risk to our call would be if railway infrastructure in Mongolia , > India, and at PTBA were completed on schedule, which would bring a lot of > coal to the market. > ● Our top picks in the sector are ITMG, HRUM and PTBA. HRUM has a more > attractive valuation, with strong volume growth and not much cost increase > as it is operating relatively new mines. ITMG provides better liquidity and > no corporate governance issues. > CS picks in the sector, in the order of preference, is: > Indo Tambangraya (ITMG, O, PT Rp50,000): Still Looks Attractive After > Earnings Cut > Harum Energy (HRUM, O, PT Rp10,000): Strong Cash Flow and Volume Growth > Bukit Asam (PTBA, O, PT Rp25,000): Railway Projects to Materialize > > > -- > send from my hoki blackberry@ > > >
