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

RAFI dan Perusahaan Pinjol Penggugat PKPU Jajaki Kesepakatan Perdamaian
| Jumat, 11 Juli 2025 | 14:35 WIB

RAFI dan Perusahaan Pinjol Penggugat PKPU Jajaki Kesepakatan Perdamaian

Liabilitas PT Sari Kreasi Boga Tbk (RAFI) membengkak di 2024, salah satunya bersumber dari pinjaman online.

Laba 26,26% Setahun: Harga Emas Antam Hari Ini Naik, Buyback Menguat (11 Juli 2025)
| Jumat, 11 Juli 2025 | 08:24 WIB

Laba 26,26% Setahun: Harga Emas Antam Hari Ini Naik, Buyback Menguat (11 Juli 2025)

Harga emas batangan Antam 24 karat hari ini 11 Juli 2025 di Logammulia.com Rp 1.906.000 per gram, tapi harga buyback Rp 1.750.000 per gram.

Trump Terus Bikin Kebijakan Kontroversial, CHF dan EUR Jadi Pelarian Investor Global
| Jumat, 11 Juli 2025 | 08:24 WIB

Trump Terus Bikin Kebijakan Kontroversial, CHF dan EUR Jadi Pelarian Investor Global

Langkah Donald Trump justru lebih merugikan ekonomi AS dan menekan mata uangnya sendiri, ketimbang berdampak negatif terhadap negara lain.​

Target Rasio Penerimaan Pajak Daerah Terancam Luput
| Jumat, 11 Juli 2025 | 08:16 WIB

Target Rasio Penerimaan Pajak Daerah Terancam Luput

Hingga akhir Juni 2025, pendapatan pajak daerah hanya mencapai Rp 107,7 triliun, terkontraksi 8,06% secara tahunan.

Meski Lepas dari Tarif, Tapi Jatuh ke Mulut Defisit
| Jumat, 11 Juli 2025 | 08:11 WIB

Meski Lepas dari Tarif, Tapi Jatuh ke Mulut Defisit

Mengukur potensi defisit neraca perdagangan efek negosiasi perdagangan dengan Amerika Serikat (AS)  

Sejumlah Sektor Ini Masih Digelayuti Tantangan, Kinerja Kuartal II Diprediksi Melemah
| Jumat, 11 Juli 2025 | 08:07 WIB

Sejumlah Sektor Ini Masih Digelayuti Tantangan, Kinerja Kuartal II Diprediksi Melemah

Meski dibayangi sentimen negatif sektoral, sejumlah saham emiten dinilai masih menarik untuk dicermati.

Ekonomi Juga Butuh Stimulus Bunga dari Bank Sentral
| Jumat, 11 Juli 2025 | 08:05 WIB

Ekonomi Juga Butuh Stimulus Bunga dari Bank Sentral

Bank Indonesia (BI) akan menggelar Rapat Dewan Gubernur (RDG) pada tanggal 15-16 Juli pekan depan   

Harga Saham UNTR Tengah Rebound, namun Potensi Kenaikan Lanjutannya Relatif Terbatas
| Jumat, 11 Juli 2025 | 07:38 WIB

Harga Saham UNTR Tengah Rebound, namun Potensi Kenaikan Lanjutannya Relatif Terbatas

Kinerja PT Pamapersada Nusantara serta pelemahan harga batubara global membatasi prospek PT United Tractors Tbk (UNTR).

Harga Saham JPFA Mendaki Kala Ramai Rekomendasi Beli, Institusi Juga Rajin Akumulasi
| Jumat, 11 Juli 2025 | 07:10 WIB

Harga Saham JPFA Mendaki Kala Ramai Rekomendasi Beli, Institusi Juga Rajin Akumulasi

Target harga rata-rata 12 bulan berdasar rekomendasi analis menunjukkan ada upside potential lebih dari 50%.

Anomali Saham IOTF, Naik Hampir 70% Usai Calon Pengendali Jual Sebagian Kepemilikan
| Jumat, 11 Juli 2025 | 06:48 WIB

Anomali Saham IOTF, Naik Hampir 70% Usai Calon Pengendali Jual Sebagian Kepemilikan

Ketika PT Gaia Artha Dinamic melakukan akumulasi, harga saham PT Sumber Sinergi Makmur Tbk (IOTF) justru melorot. 

INDEKS BERITA

Terpopuler