Backed by lofty coal prices, Geo Energy Resources will be making an early redemption of its outstanding US dollar-denominated bond, which will help save annual financing costs of US$4.8 million and leave the company largely debt-free. The coal miner, which calls this a “win-win” opportunity, pla...

KGI Securities analyst Joel Ng has upgraded Geo Energy Resources to “outperform” with a higher target price of 42 cents as he anticipates the company to have a record year ahead on the back of “resilient” coal prices. “While we expect coal prices to soften in 2H2021, dynamics favour coal m...

Geo Energy Resources has reported a 37% jump in revenue to US$220.3 million for 1HFY2021, thanks to a higher volume of coal sold at higher prices. Charles Antonny Melati, executive chairman of Geo Energy, calls 2021 an “exceptional” year for the coal market, with prices at record levels of US$69...

INDONESIAN coal producer Geo Energy Resources reported a record revenue of US$220.3 million for the first six months of this year, due to an increase in sales volume and a higher average selling price.

A t $1.11, Yanlord Land Group is at a one-year low. During the Covid-19 sell down in March last year, Yanlord fell to as low as 91 cents. At its current level, Yanlord is trading at a fraction of its net asset value (NAV) at 0.33 times. Even allowing for its assets being mainly in China (except for ...

As governments, companies, and various bodies push for sustainability to be a key agenda, the investment community has generally avoided coal companies and other investments deemed unfriendly to the environment. Local banks, for example, have joined their global counterparts in cutting back lending ...

MAINBOARD-LISTED coal miner Geo Energy Resources on Wednesday reported a 9.2 per cent dip in its first-quarter net profit to US$28.5 million from US$31.4 million in the first quarter last year, but said that it "marks a strong positive start in terms of earnings from its business operat...

INDONESIAN coal miner Geo Energy Resources said that the mandatory offer to purchase the 8 per cent senior notes issued by its wholly-owned unit, Geo Coal International, will fall away on Sunday.

FOR the five local trading sessions that spanned Jan 22 to 28, the Straits Times Index (STI) declined 3.2 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index also averaging a 3.2 per cent decline. This has brought the STI's total return for the 2021 year to Jan 28 to 2.7 per ce...

THE following companies saw new developments that may affect trading of their securities on Wednesday: