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Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
 I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the global economic rebound and a price gap that could encourage industrial operators to switch from fuel oil to coal for energy, said assistant managing director Somyos Thitisuriyarux.
But the SET-listed coal importer and distributor said yesterday that in the worst case its turnover could slip by 10 percent this year from 2.35 billion baht in 2008, with net profit sliding in line with coal prices down from 123 million baht last year.
In the first six months of 2009, AGE's revenue increased 15 percent year-on-year to one billion baht as coal from Indonesian mines rose 14.6 percent by volume to 414,072 tonnes. But net profit sank from 68 million baht to 39 million as the margin shrank 8 percent year-on-year.
Coal prices have stabilised between US$60 and $70 per tonne since the past quarter, or 2,600 baht as quoted locally, while crude has risen steadily to $70, said Mr Somyos. With fuel oil now at 13-14 baht a litre, it is 40 percent more expensive than coal, he said.
"Last year, 7 percent of 30,000 boilers at industrial plants nationwide were modified from fuel oil to coal to save about 30 percent. As the gap has widened, we expect more and more industrialists to switch to coal this year," he said.
AGE's customers are up to 520 from 500 at the end of last year, with the energy sector climbing to contribute 24 percent of sales volume, while food provides 29 percent, textiles 23 percent and paper 14 percent.
"We have remained on track to boost sales from 840,000 tonnes in 2008 to 1 million tonnes this year. Many sectors, including energy, have placed more orders but several were made for restocking," said Mr Somyos.
Although the global economic picture in the second half is unclear, without unexpected incidents the economy could steadily improve both locally and globally.
But AGE's sales revenue for 2009 will not be as good as projected earlier, when 20 percent growth was considered possible, he said. Coal prices are expected to stay between 2,500 and 2,800 baht this year, compared with 2,800 to 3,200 baht last year, due to the sluggish world economy in the first half.
"After getting the financial results of the first half, we are now anticipating that revenue could vary by 10 percent plus or minus from the 2008 figure," said Mr Somyos.
Next month, AGE will start operating its fourth warehouse in Si Racha in Chon Buri, with storage capacity of 10,000 tonnes of coal. The new facility will contribute to revenue from the fourth quarter onward. Currently, 14 percent of its customers are in the eastern region, he said.
Shares of AGE closed yesterday at 6.30 baht, unchanged, in trade worth 1.72 million baht.
Source:I Stock Analyst
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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
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- Gujarat Sidhee Cement - India
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- Indika Energy - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
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- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
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- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Electricity Authority, New Zealand
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- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
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- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
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- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Indian Oil Corporation Limited
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- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
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- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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