BYAN Dominates Indonesian Coal Mining Industry with Impressive 2022 Performance

Minggu, 12 Maret 2023 | 17:22 WIB
BYAN Dominates Indonesian Coal Mining Industry with Impressive 2022 Performance
[ILUSTRASI. Taipan Low Tuck Kwong. BYAN Dominates Indonesian Coal Mining Industry with Impressive 2022 Performance]
Reporter: Akhmad Suryahadi | Editor: Hasbi Maulana

KONTAN.CO.ID - JAKARTA. Bayan Resources Tbk (BYAN) Posts Impressive Performance with Net Income of US$2.17 Billion in 2022

Indonesia's coal mining companies have been performing remarkably well in recent years, and 2022 appears to be no exception.

The latest financial report from PT Bayan Resources Tbk (BYAN), released on Friday (10/3) on the Indonesia Stock Exchange, shows that the coal mining giant owned by Low Tuck Kwong recorded a net profit of US$2.17 billion in 2022.

Indonesian Government Bond Market: Challenges and Opportunities for Investors

Converted to Indonesian Rupiah, BYAN's net profit reached Rp 33.73 trillion, up 79.7% annually from its 2021 achievement of US$1.2 billion. The increase in BYAN's net income was supported by its growing revenue.

BYAN's revenue in 2022 was US$4.70 billion, up 64.8% annually from US$2.85 billion in 2021. The company's revenue was dominated by third-party coal sales, which reached US$4.39 billion, followed by coal sales to related parties worth US$300.31 million.

Some of BYAN's major customers who contributed more than 10% of its revenue were China National Machinery Import and Export Corporation, valued at US$577.63 million, and TNB Fuel Service Sdn. Bhd., valued at US$319.2 million.

PTBA Remains Upbeat Despite Turbulent Coal Market

Geographically, BYAN's coal sales were mostly exported to Southeast Asian markets, including Malaysia, Singapore, the Philippines, and Vietnam, with sales amounting to US$2.26 billion.

The company also sold coal to East Asia, including China, Japan, Korea, and Taiwan, worth US$1.08 billion, South Asia to India, Pakistan, and Bangladesh worth US$873.13 million, and Europe worth US$6.63 million.

However, despite the impressive performance, BYAN's stock performance has yet to reflect the company's success. Yesterday, BYAN's stock was still in the red zone, down slightly by 0.13% from the previous day, to reach Rp 18,650. This has accumulated a decline of 11.19% since the beginning of the year.

Investing in BUMN Companies: Opportunities Arise as 2022 Performance Soars

Head of Research at Phintraco Sekuritas, Valdy Kurniawan, believes that the declining coal prices, especially at the beginning of 2023, is one of the reasons behind the correction in coal mining stocks. This is due to the news that the number of coal-fired power plants reactivated in Europe was not as much as expected.

"Profit-taking cannot be ruled out as a factor behind the decline in coal mining stocks at the beginning of this year," said Valdy.

Bagikan

Berita Terbaru

Bisnis Kendaraan Listrik United Bike(UNTD) Masih Menderu
| Sabtu, 02 November 2024 | 10:36 WIB

Bisnis Kendaraan Listrik United Bike(UNTD) Masih Menderu

Produsen sepeda dan motor listrik PT Terang Dunia Internusa Tbk (UNTD) berharap penjualan lebih baik di tahun depan

Ketidakpastian Global Kusut, Transaksi Kripto Menyusut
| Sabtu, 02 November 2024 | 10:33 WIB

Ketidakpastian Global Kusut, Transaksi Kripto Menyusut

Ketegangan geopolitik, perlambatan ekonomi China, dan pemilu AS mempengaruhi transaksi kripto di Indonesia.

Strategi Investasi Co-CEO Reku Jesse Choi, Pilih Saham AS hingga Kripto
| Sabtu, 02 November 2024 | 10:29 WIB

Strategi Investasi Co-CEO Reku Jesse Choi, Pilih Saham AS hingga Kripto

Jesse Choi, Co-CEO Reku menilai bursa AS adalah kelas aset terbaik untuk dijadikan tempat berinvestasi.

UU Cipta Kerja dan Lapangan Pekerjaan
| Sabtu, 02 November 2024 | 08:10 WIB

UU Cipta Kerja dan Lapangan Pekerjaan

Undang Undang  Cipta Kerja (UU Ciptaker) memudahkan berusaha, tapi tidak menciptakan lapangan pekerjaan.​

Stimulus Kelahiran
| Sabtu, 02 November 2024 | 08:05 WIB

Stimulus Kelahiran

Stimulus kelahiran diperlukan untuk menjaga tingkat replacement rate ditengah kondisi makro ekonomi saat ini.

Cuan Bisnis Tekstil Trisula Textile Industries (BELL) Masih Positif di Kuartal III
| Sabtu, 02 November 2024 | 07:20 WIB

Cuan Bisnis Tekstil Trisula Textile Industries (BELL) Masih Positif di Kuartal III

Laba bersih perusahaan ini juga mengalami kenaikan 5% menjadi Rp 12,82 miliar dari Rp 12,16 miliar pada periode yang sama tahun 2023.

Tren Childfree Mengancam Populasi dan Masalah Ekonomi
| Sabtu, 02 November 2024 | 07:00 WIB

Tren Childfree Mengancam Populasi dan Masalah Ekonomi

Angka kelahiran bayi di Jepang semester I-2024 hanya 350.074 orang, turun 5,7% secara tahunan. Ini rekor terendah sepanjang sejarah

Urusan Permodalan Jadi Tantangan Spin Off
| Sabtu, 02 November 2024 | 06:25 WIB

Urusan Permodalan Jadi Tantangan Spin Off

Sejumlah perusahaan asuransi terus bekerja keras melakukan pemisahan unit usaha syariah (UUS) sebelum batas waktu berakhir pada akhir tahun 2026.

Perintis Triniti Properti (TRIN) Incar Marketing Revenue Tumbuh 20%
| Sabtu, 02 November 2024 | 06:10 WIB

Perintis Triniti Properti (TRIN) Incar Marketing Revenue Tumbuh 20%

TRIN melihat positif potensi sektor properti tahun 2025 karena dukungan berbagai insentif yang dijanjikan presiden dan wakil presiden terpilih.

Kemnaker Pastikan Kesejahteraan Pekerja Naik
| Sabtu, 02 November 2024 | 03:11 WIB

Kemnaker Pastikan Kesejahteraan Pekerja Naik

 Kementerian Ketenagakerjaan (Kemnaker) menghormati putusan Mahkamah Konstitusi (MK) atas judicial review terhadap UU Cipta Kerja 

INDEKS BERITA

Terpopuler