- We initiate a BUY recommendation on Geo Energy with a target price of S$0.60, based on DCF (WACC: 12.5%).
- - Read this at SGinvestors.io -
Pro-Coal Trump Presidency.
- Geo Energy Resources (SGX:RE4) is a coal-mining company that will benefit from an upcoming state-of-the-art infrastructure development, where we forecast EBITDA levels to triple from US$60mln in FY24 to US$168mln in FY26F upon completion. Geo Energy will be able to transport larger volumes of coal more efficiently, save on current tolling costs, and generate additional revenue by charging third-party users.
- - Read this at SGinvestors.io -
Addition of coal reserves will add to bottom line.
- Read more at SGinvestors.io.