Geo Energy

Geo Energy expects ‘further clarity’ on Indonesia’s plan to centralise commodity export controls

The coal producer says current operations and activities continue ‘as (per) normal’

The transaction also relies on the entry into a new marketing joint venture between Geo Energy and ResInvest Commodities, the coal offtaker for Geo Energy’s Triaryani coal asset.

Geo Energy gets term sheet for infrastructure unit at US$1.5 billion valuation

Swiss-based private commodities investment company Resource Invest will invest in Marga Bara Jaya

Olam Group on Monday said it  is selling its information technology and digital services unit, Mindsprint, to Wipro for US$375 million as part of a broader corporate reorganisation.

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.

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.
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.
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...

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

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.

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