Sepanjang has stopped production since dec 2007. ... ----- Original Message ----- From: Joe Grunk Cc: obrolan-bandar@yahoogroups.com ; [EMAIL PROTECTED] Sent: Tuesday, January 29, 2008 11:07 AM Subject: [obrolan-bandar] ML: ENRG Passing a trough in profitability (BUY, TP 1.800)
3Q07 results still weak, as expected ENRG reported 9M07 net profit of around Rp85bn, a turnaround from the Rp148bn loss in 9M06. Quarterly trend in sales is still weak, with EBIT remaining in the negative territory. We believe 4Q07 results will show a completely different picture, with Sepanjang oil field production resuming to normal, supported by higher oil and gas prices. ------------------------------------------------------------------------------ Be a better friend, newshound, and know-it-all with Yahoo! Mobile. Try it now.
