To distribute 45% dividend payout
Bukit Asam plans to pay a total of Rp 516.6 per share (45% dividend payout) The company has paid Rp66.75/share interim dividend in December 09 and Rp449.85/share of final dividend, yielding 2.5%, will be paid on 15 June. Meanwhile, the company plans to spend Rp1.44t capex this year which includes capital spending to acquire two coal mines in Kalimantan . Capex will be funded with internal cash.
Tampilkan postingan dengan label Bukit Asam: Buy; Rp17. Tampilkan semua postingan
Tampilkan postingan dengan label Bukit Asam: Buy; Rp17. Tampilkan semua postingan
Jumat, 23 April 2010
Minggu, 28 Maret 2010
DBS Bukit Asam: Buy; Rp17,100; TP Rp18,550; PTBA IJ
Signed EPC and O&M contracts with China Railway Group Ltd for railway project
Bukit Asam (PTBA) announced to the IDX yesterday that its JV-company, PT Bukit Asam Transpacific Railway (BATR), has signed the Engineering, Procurement and Construction (EPC) and Operating & Maintenance (O&M) contracts with China Railway Group Ltd on 23 March in Beijing , in regards to its railway project (Muara Enim-Lampung). BATR is a 10:80:10 JV between PTBA, PT Transpacific Railway Infrastructure and China Railway Engineering Corporation.
The EPC contract amounts to US$1.3bn with 4-years work duration after signing (incl. design works) – hence, it expects the railway to start commercial operation in 2014. The railway will have capacity of 27m tons p.a., which is positive to PTBA as it will enhance its coal production volumes. The O&M contract amounts to US$3.5bn for 20-years duration.
The proposed financing scheme is a 30:70 proportion of equity and loan. BATR is now at the early stage of discussion with 4 China banks with interest to finance the project.
Bukit Asam (PTBA) announced to the IDX yesterday that its JV-company, PT Bukit Asam Transpacific Railway (BATR), has signed the Engineering, Procurement and Construction (EPC) and Operating & Maintenance (O&M) contracts with China Railway Group Ltd on 23 March in Beijing , in regards to its railway project (Muara Enim-Lampung). BATR is a 10:80:10 JV between PTBA, PT Transpacific Railway Infrastructure and China Railway Engineering Corporation.
The EPC contract amounts to US$1.3bn with 4-years work duration after signing (incl. design works) – hence, it expects the railway to start commercial operation in 2014. The railway will have capacity of 27m tons p.a., which is positive to PTBA as it will enhance its coal production volumes. The O&M contract amounts to US$3.5bn for 20-years duration.
The proposed financing scheme is a 30:70 proportion of equity and loan. BATR is now at the early stage of discussion with 4 China banks with interest to finance the project.
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