- We initiate Geo Energy Resources (SGX:RE4) with a BUY recommendation and a DCF target price of S$0.47.
- - Read this at SGinvestors.io -
- In March 2025, Geo Energy signed a MOU for Resource Invest to invest US$50-100mil into the road and port owner MBJ. The completion of a 92km road and jetty in South Sumatera Indonesia, will triple Geo Energy’s thermal coal production to 25mil MT by FY29e. There will be additional capacity from this infrastructure to generate lucrative recurring toll revenue from other mining coal producers, potentially exceeding US$200mil per annum.
Background
- - Read this at SGinvestors.io -
- We initiate Geo Energy Resources (SGX:RE4) with a BUY recommendation and a DCF target price of S$0.47.
- Demand for thermal coal globally remains stable, driven by emerging countries China, India, and South East Asia.
- In March 2025, Geo Energy signed a MOU for Resource Invest to invest US$50-100mil into the road and port owner MBJ. The completion of a 92km road and jetty in South Sumatera Indonesia, will triple Geo Energy’s thermal coal production to 25mil MT by FY29e. There will be additional capacity from this infrastructure to generate lucrative recurring toll revenue from other mining coal producers, potentially exceeding US$200mil per annum.
- Geo Energy Resources (SGX:RE4) was established in 2008 and listed on the Singapore Stock Exchange in 2012. Geo Energy owns four mining concessions in Kalimantan and South Sumatra, Indonesia, through its subsidiaries
- Read more at SGinvestors.io.
