CLSA UPDATE - ITMG UP 2.8% - MKT CAP NOW BIGGER THAN BUMI'S

· Coal miner ITMG has steadily increased in price over the last couple of weeks, and now its market cap stands at a little over USD 5bn.

· Widely regarded as one the most professionally run coal miners in Indonesia, it has now surpassed BUMI's market cap, and is 2nd to ADRO (mkt cap USD 7.8bn)

· Boosting sentiment in ITMG, aside from its fundamentals, is the upcoming dividend payment of a decent IDR 1,286/sh (a 3.2% yield) which will trade EX-DIVIDEND on April 30th (payment date May 19).