Kembali saya tekankan tentunya time frame 8,300 itu 4-5 bulan lagi.
Salam,
Salomo
On Mon, Sep 8, 2008 at 11:44 AM, Bernie <[EMAIL PROTECTED]> wrote:
> 0343 GMT [Dow Jones] STOCK CALL: Buy Bumi Resources (BUMI.JK), Citi
> says, targets IDR8,300 for stock: production forecast remains intact despite
> mine closure. Firm coal prices support outlook while worst-case scenarios on
> production, state audit over possible mispayment of royalties already priced
> in at current level. "Local authorities have reopened six pits at Bumi's KPC
> mine, thus allowing production to restart. We estimate 1.4-1.6 million tons
> of production loss during the closure; thus, our 2008 production forecast of
> 57 million tons should still look realistic." House adds that "while some
> uncertainty remains (over production, royalty issues) we believe the current
> share price has priced in worst case scenarios and therefore see attractive
> entry at current 6.2 times '09 PE." House averages spot coal price at
> US$163/ton currently. Stock last off 0.6% at IDR4,425.
>
>
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