As it's one of the biggest coal-miner that produce quite much amount of coal in contribution to coal export, this company is going to enlarge its portion of production.
Next year, the company is eyeing to acquisite some firms & mines that can increase its production & of course the next is the income.
The target of production increment for next year is 20%. As the market demand of coal is still large and we should know that the main market is export market and China & India is the biggest market of ours which demand grow around 9% each year, yet the coal export increment target is around 15%.
Domestically, whereas the demand will also increase as some cements factory is newly expanded & built in some Indonesia regions, that will increase the domestic consumption.
Lastly, the production quantity of PTBA in present is around 30-40mio tons. As the 3Q2009, it's booked that PTBA had production increment around 11% at the same period compaaring to 3Q2008.
The revenue for the year ended Sept'09 increased by 32% or equal to Rp6.55 trillion & the net income increased by 68.6% or equal to Rp2.23 trillion. Yet the target of increment of production will be around 15.6 tons or equal to 20% at 2009.
Some corporate actions make this firm stronger that the last action was acquisite 51% of Int'l Prima Coal, which is the sign that this copany is keep growing.
My rating is still Buy for mid-term & long term investors. For traders, it's quite hard to play short-term for this stock.
Beware!!!
Happy Investing^^
Disclaimer ON!!!
