Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Jumat, 11 Maret 2011

Coal: Another flash flood warning in Queensland - DBS Vickers

* Spot coal price to remain high due to bad weather in Australia
* Benefits miners with high spot exposure - Yanzhou (1171 HK), Shenhua (1088), ITMG (ITMG IJ) and PTBA (PTBA IJ)
* Price increase should more than offset the impact of lower volume from Felix for Yanzhou

Bad weather continues in Australia. Based on news report, a huge band of monsoon rain hanging over a coastal area south of Cairns has prompted flash flood warnings from the Bureau of Meteorology in Queensland state. The fresh floodwaters have caused authorities to close schools on Thursday in at least one affected town. Leading to higher coal price. The bad weather in Australia will continue to limit supplies from Australia, which was already badly affected by
the severe floods in late 2010. Australia is the largest exporter of coal in the world, and supplies from Queensland account for c.20% of Australian exports. We expect thermal coal spot price to stay high at US$110-130/t due to the potential flash floods that may damage coal
mines, as well as railway and port facilities. The higher price benefits both the coking and thermal coal players, especially the coking coal players due the larger exports of coking coal from Australia.

Benefits miners with high spot exposure; Indonesian miners to benefit more. The higher spot price benefit miners with high spot exposure such as ITMG (60%), Yanzhou (50%), Shenhua (35%) and PTBA (35%). We believe Indonesian miners will benefit more from the supply shortages from
Australia due to the larger proportion of exports, average at 80% against 10% for miners in China. The export destinations for Indonesian miners also similar to Australian miners.

Net positive impact on Yanzhou. Australian operations are estimated to account for c.20% of Yanzhou's expected output of 51m tons in 2011. Of which, only two out of four mines at its Felix subsidiary - Yarrabi and Minerva (to be sold) - are located in Queensland, and estimated to
contribute a mere 5% of Yanzhou's total output. We expect the potential reduction in volumes to be more than offset by rising spot prices.
Posted by Saham Pilihan at 11.26

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)