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Subscribe to Southeast Asia Globe Already coal mining companies are asking for public subsidies or shutting down operations entirely Testing an Indonesian worker takes a piece of coal as a sample at the Bukit Asam coal mine in South Sumatra Indonesia The short term outlook for coal is fairly bleak said Hiran Bhadra global mining
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We are Bullish on Indonesia s coal mining sector and have ADRO and ITMG as our top picks given their strong business models exposure to the seaborne market robust earnings growth and healthy balance sheets We initiate coverage of the sector with price targets of Rp3 700 for ADRO and Rp73 000 for ITMG Catalysts Better than expected
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