Bukit Asam (Persero) traded at 2,550.00 this Friday February 6th, decreasing 40.00 or 1.54 percent since the previous trading session. Looking back, over the last four weeks, Bukit Asam (Persero) lost 5.37 percent. Over the last 12 months, its price fell by 4.49 percent. Looking ahead, we forecast Bukit Asam (Persero) to be priced at 2,398.90 by the end of this quarter and at 2,171.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Bukit Asam Tbk is an Indonesia-based company engaged in coal mining and related activities. The Company is involved in the general surveying, exploration, exploitation, processing, refining, transportation and trading, and management of special coal port facilities for internal and external needs. Its segments include the coal mining segment and other segments. Its coal mining segment includes mining business permits (IUP) of approximately 68,777 hectares (ha) in several locations that have coal reserves. It owns several mines spread across South Sumatra Province, West Sumatra, and Riau. The other segment includes contractor services, briquette processing, oil palm plantations, palm oil processing, and health services. It also engaged in the operation of steam power plants for internal and external needs and the provision of consulting services related to the coal mining industry as well as its derivative products, and plantation development activities.