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2781-2800 of 2995
nice move!..2.4 - 2.47
looking gd...hope to get in on the up move when market opens
OCBC Research : Straits Asia Resources (SAR) reported a strong 264% surge in 1H08 net profit to US$56.4m this morning. This was achieved on the back of a 91% rise in group revenue to US$265m and record production of 4.46 million tonnes (mt), which keeps the group well on target to achieve production of not less than 9 million tonnes of coal for FY08. SAR recently announced a resource and reserve upgrade at its Jembayan mine to 138mt and 92mt, respectively. We view this upgrade positively, as an increase in reserves would allow SAR to push for higher output moving forward and increase the overall market value of its coal assets. Using a DCF valuation, based on WACC of 10.5% and 1% terminal growth rate, we are maintaining our BUY rating and target price of S$4.80. We will provide more details after the conference call with management later on
just announced - interim dividend of ~S$0.04. Book closure 28 Aug. Paybale 8 Sep.
Straits Asia - Reserves upgrade from Jembayan mine
This is a very important good news for Straits Asia Resources which I think the market has overlook today.
Was tempting to go in today. looks like low enough to scoop up.
Reuters News : Singapore-listed miner Straits Asia Resources Ltd (STRL.SI: Quote, Profile, Research, Stock Buzz) has agreed to sell some of its sub-bituminous coal to a North Asian utility at about $110 a tonne under a 2009 term contract, a source with knowledge of the matter said on Tuesday.
The contract, signed late last month, was for 600,000 tonnes of sub-bituminous coal for delivery beginning in February 2009, said the source, who asked not to be identified because he was not authorised to speak to the media.
The contract, signed late last month, was for 600,000 tonnes of sub-bituminous coal for delivery beginning in February 2009, said the source, who asked not to be identified because he was not authorised to speak to the media.
UBS says 1H08 coal production in line with risk to upside, exploration results encouraging. Says, "Straits Asia is a deep value play trading at a 50% discount to the sector, while the potential for multiple reserve upgrades remains strong;" reiterates Buy rating with unchanged $5.20 target price. Shares sold down recently on worries over production volumes, rising costs; hit 6-month low of $2.43 last week.
patience is key in down market..i wait!
Add another 10 lot at 2.69... Just don't want to miss the boat... I will hold for long....
Load up 5 lot @ 2.68. If drop, average down.... Let see how it goes....
Back in @ 2.68
I Q for 2.62 x 10... Sell to me please!
i Q 2.58 liaos.. :):)..somebody throw to me lei..
I will buy back after profit taking... Good luck...
Profit taking in progress...................
coal is alternative to oil..
technicals are lookin gd for this counter !
Agreed. Made a little profit these two days. Good for trading anyway. 
Contra my favourite counter today... in at 2.62 and out at 2.75... BB buying big lot in late afternoon... Hope the trend continues tomorrow... Good luck to all who have invested.
Buy Coal, Plantation Companies in Indonesia, Macquarie Says
By Chen Shiyin
July 30 (Bloomberg) -- Investors should buy coal and plantation companies in Indonesia because their shares have lagged behind a rally in the nation's banks, according to Macquarie Group Ltd.
PT Indo Tambangraya Megah, PT Bumi Resources, PT Tambang Batubara Bukit Asam and Singapore-listed Straits Asia Resources Ltd. are the brokerage's top picks among Indonesian coal companies because of demand for power generation, Macquarie analysts led by Ferry Wong said in a report. The analysts also advised investors to buy shares of agricultural producers PT Astra Agro Lestari and PT Perusahaan Perkebunan London Sumatra.
The Jakarta Composite Index fell 3 percent in the past month, with a measure of financial companies jumping 11 percent. Indexes tracking mining and agricultural companies on the broader gauge retreated 15 percent and 25 percent, respectively.
``We suggest investors re-enter the coal and plantation sectors given their severe underperformance and after their share prices dropped for no fundamental reason,'' the analysts wrote.