The Business Times
business-time-50

Geo Energy

Companies & Markets

Stocks to watch: Olam Group, Geo Energy Resources

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Apr 6):

Geo Energy expects the Central Kalimantan mine's coking coal to achieve selling prices of about US$220 to US$250 per tonne.
Energy & Commodities

Geo Energy diversifies into high-value coking coal with new Indonesia mine stake

The deal is for a 50.6% stake in Mutiara Hitam Sukses, which owns mine operator Harfa Taruna Mandiri

For the five trading sessions spanning Mar 20 to 26, institutions were net sellers of Singapore stocks, with net institutional outflow of S$79 million.
Companies & Markets
INSIDE INSIGHTS

Institutions pull back as buybacks and insider buying persist

FOR the five trading sessions spanning Mar 20 to 26, institutions were net sellers of Singapore stocks, with net institutional outflow of S$79 million, partially reversing the S$365 million net inflow...

Over the five sessions from Feb 27 to Mar 5, 26 primary-listed companies conducted buybacks with a total consideration of S$131 million.
Companies & Markets
INSIDE INSIGHTS

Buybacks and director filings surge following heavy earnings season

[SINGAPORE] For the five trading sessions spanning Feb 27 to Mar 5, institutions were net sellers of Singapore stocks, with net institutional outflow of S$41 million, taking the accumulated net outflo...

Geo Energy says that the primary objective of the exercise is to enhance the group’s capital structure and financial flexibility, while simultaneously broadening its shareholder base.
Companies & Markets

Geo Energy to raise up to S$14.9 million via proposed share placement

The placement price has been set at S$0.425 per share

The acquired companies specialise in logistics for commodities through the building and managing of tugboats and barges.
Companies & Markets

Geo Energy buys majority stake in two Indonesian shipping companies for US$127.5 million

The deal’s completion follows an initial announcement in August 2025

Executive chairman and CEO Charles Antonny Melati notes that Geo Energy Resources has exceeded its full-year production target.
Companies & Markets

Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices

This is despite higher revenue, which is up 62% at US$136.6 million

The proposed acquisitions will enable the group to build up a fleet to support higher production at its Triaryani coal mine and operations at its Marga Bara Jaya jetty.
Companies & Markets

Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million

This will diversify its revenue stream towards logistics and infrastructure services and enlarge its asset base to enable future earnings contributions

Prajogo Pangestu has added more than US$20 billion to his net worth since it hit a low in April, lifting it to US$36.2 billion, according to the Bloomberg Billionaires Index.
Asean Business

Richest Indonesian adds US$20 billion to wealth on energy rally

Prajogo Pangestu, son of a rubber trader, started Barito Pacific in 1979 to sell timber

Geo Energy says it has recalibrated its mining plan in its SDJ coal mine to open more pits and ramp up its coal production in the second half of the year.
Companies & Markets

Geo Energy H1 profit drops 2% to US$26.7 million

Earnings per share was US$0.0191 for the half year, down from US$0.0194 the previous year

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More