- The industry has reached the bottom.
- ADRO has a lot of cash.
- ADRO paid for large dividend.
After rising rapidly from 700 IDR to 1.200 within 2 months, Adaro Energy tbk (ADRO)’s share movement became stagnant. In fact, ADRO Fundamental is among the best, with cash pilling up waiting for a project that increases share value. Moreover, now the coal industry has reached a new balance so the companies are easier to calculate and plan long-term strategies.
Other than that, ADRO has a lot of cash, reaching US$ 709,4 million at the end of June 2016, which means that the cash will support the upcoming plan like buying 75% of IndoMet Coal’s share from BHP Billiton. ADRO is also planning to fund 2×1.000MW power plant project at Batang, and also many other power plant projects.
And as for good news, ADRO paid for large dividend this year. ADRO’s dividend is US$ 40,3 million or 49,52% from net profit.
Add Comment