Menu
SWOT Analysis of The Results (SSI: Below, Cons: Below)
Strength
In 3Q24, PTBA reported positive growth in both production (to 13.1mn tons; +23.0% QoQ, +8.2% YoY) and sales volumes (to 9.6mn tons; +7.0% QoQ, +16.5% YoY), boosting revenue to IDR 11tn (+7.6% QoQ, +24.0% YoY)
Weakness
EBITDA faced pressure in 3Q24, primarily due to the increase in OB removal to 86 Mt (+28.5% QoQ, +20.5% YoY), which raised stripping ratio to 6.1x; FX loss of IDR -236.1bn stemming from USD cash applied additional pressure on earnings
Opportunity
A boost in future earnings from the implementation of coal MIP scheme which favours coal players with high domestic sales, like PTBA; recent market underperformance provides investors with buying opportunities
Threat
China’s robust domestic supply, increased availability of alternative power sources, and decreased power consumption for air conditioning in India during the rainy season, could weaken overall coal demand
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
