BANK funding may be turning scarce for coal companies, but Singapore-listed Geo Energy Resources said it has sufficient funds to continue in its coal mining operations. If asset prices come down, the company also has the resources to be an acquirer.

Geo Energy Resources has reported a net profit of US$35.7 million ($50 million) for its 3QFY2022 ended September, a 21% decline y-o-y due to weather conditions at its mines caused by the La Niña.Net profit for 9MFY2022 at US$141.7 million, however, is 51% higher compared to the same period last yea...

Golden Energy and Resources has been queried by the Singapore Exchange following a near 30% drop in its share price thus far today.As at 11.59am, GEAR's share price was down by 27.22% or 24.5 cents to trade at 65.5 cents.The Indonesia-based coal miner, had on Oct 10 announced that it is “in discus...

Indra Widjaja, who is one of the controlling shareholders of Golden Energy and Resources, is in talks regarding a “possible acquisition” of the coal and gold miner.Widjaja and other family members hold 77.49% of the company as at March 15.GEAR shares hit as high as 93.5 cents on Oct 10, up 11.3%...

TUNG Kum Hon, the chief executive officer (CEO) of mainboard-listed Indonesian coal producer Geo Energy Resources since 2015, will step down from the top post on Dec 31, the company announced on Friday (Sep 16).

Despite the ban on coal export in January 2022, Geo Energy Resources reported a 118 per cent growth in its net profit from operations to US$105 million for H1 2022, up from US$48.1 million in the year-ago period.

Come November, there should be some respite for rising interest rates for stock markets and investors, says Paul Chew, head of research at Phillip Securities.Chew expects the US Federal Reserve to continue hiking up rates till September to tackle inflation because the Fed seems to be guiding a “ne...

DESPITE a temporary coal export ban early this year, Geo Energy Resources reported a 42 per cent growth in its net profit from operations to US$40.5 million for the first quarter ended Mar 31, 2022, up from US$28.5 million in the year-ago period.

Global Alpha Capital Management has increased its deemed stake in Raffles Medical Group. On May 5, the Montreal-based fund manager paid $1.21 each for 761,300 shares on the open market, raising its total holdings to just over 148.9 million shares, equivalent to 8.017%, up from 7.976% previously.Glob...

Geo Energy Resources expects to achieve revenue of US$400 million in 1H22, 81% higher y-o-y based on the prevailing coal price as well as the M42 Futures Index price. In a March 7 business update, Geo Energy CEO and executive director Tung Kum Hon said the company is expecting EBITDA close to US$200...

SHARES of Indonesian coal producer Geo Energy Resources were up on Monday (Feb 28), after it, in the previous week, posted stronger earnings for its second half of the fiscal year ended December.

INDONESIAN coal producer Geo Energy Resources on Thursday (Feb 24) posted a net profit of US$129.8 million for the second half of the fiscal year ended December, up from earnings of US$28.4 million in the corresponding year-ago period.

INDONESIAN coal producer Geo Energy Resources RE4 on Thursday (Feb 24) posted a net profit of US$129.8 million (S$175.4 million) for the second half of the fiscal year ended December, up from earnings of US$28.4 million in the corresponding year-ago period.

Lenny Limanto, a substantial shareholder of Geo Energy Resources, saw a significant cut in her stake in the coal miner. On Jan 27, Cheng Xin Investment, which holds Limanto’s stake, sold 20 million shares for $7.14 million, which works out to an average price of 35.7 cents for each unit. On Feb 18...

Good old-fashioned coal provided its investors with a windfall last year. The G20 countries may have announced in a joint communiqué last October to declare a halt to financing overseas coal projects. But that did not stop two Singapore Exchange (SGX) listed coal stocks from posting significant gai...