Stock On Radar

By: Investment Information May 8 2019

PTBA IJ
Bukit Asam The Exercise price of PTBA’s
treasury stock use yesterday closing
price, which is not using 90 day
IDR 3400 average share price
Industry view:
- coal is traded at USD 80-90 levels
- China reduced import quota in quarter 1

Company Description Key earning Driver:

- coal sales volume went up to 6.7mn tonnes
PT. Bukit Asam Tbk is engaged in coal mining activities, (+8.8% QoQ; +5.6% YoY)
including general surveying, exploration, exploitation,
processing, refining, transportation and trading, Market cap (IDRtr) : 5.374T
maintenance of special coal port facilities for internal and
external needs, operation of steam power plants for Market cap rank in sector : #3
internal and external needs and providing consulting Market cap in all companies : #32
services related to the coal mining industry as well as its P/E : 8.7x
derivative products, and plantations development. In PBV : 23x
1993, the Company was appointed by the Indonesian
Government to develop a Coal Briquette Operating Unit.
Transaction Activity:
Deskripsi Perusahaan The transaction volume is currently 409.78% from
yesterday.
Transaction value of IDR 78.1bn.
PT. Bukit Asam Tbk (PTBA) bergerak dalam kegiatan
penambangan batubara, termasuk survei umum, eksplorasi, Foreign net sell 8.7bn.
eksploitasi, pengolahan, pemurnian, transportasi dan
perdagangan, pemeliharaan fasilitas pelabuhan batubara
khusus untuk kebutuhan internal dan eksternal, pengoperasian
pembangkit listrik tenaga uap untuk internal dan eksternal
kebutuhan dan menyediakan layanan konsultasi terkait dengan
industri pertambangan batubara serta produk turunannya, dan
pengembangan perkebunan. Pada tahun 1993, Perusahaan
ditunjuk oleh Pemerintah Indonesia untuk mengembangkan
Unit Operasi Briket Batubara.

Financial Summary
PTBA Last Quarter
Income Statement 3M18 6M18 9M18 12M18 3M19 QoQ% YoY%
Sales(Idrbn) 5748 4777 5510 5131 5336 4.00% -7.17%
Gross Profit(Idrbn) 2582 1841 2244 1878 1776 -5.43% -31.22%
Ebit(Idrbn) 2039 1483 1651 1110 1418 27.75% -30.46%
Net Income(Idrbn) 1451 1125 1353 1094 1137 3.93% -21.64%
NPM 25% 24% 25% 21% 21%
Company Related Report by Mirae Asset: Broker Recommendation:
-https://bit.ly/2I0QHya 2019/04/26 Ciptadana buy 4450
Mirae Asset Recommendation: 2019/04/25 Indo Premiere buy 4600
-2019/04/25 Mirae Asset buy 5520 2019/04/25 Mirae Asset buy 5520
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