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Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
 Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ICICI’s report.
Power - Underperform
The power sector in CY11 was characterized by robust capacity addition (12737 MW taking total capacity to 185,496 MW), tariff hikes, fuel shortages, back down by SEBS, change in Indonesian coal law and rise in interest rates. ICICIdirect expects capacity addition to be robust in CY12 (our bottom up analysis suggests that nearly 9400 MW can be added in CY12). ICICIdirect is cautious as structural issues like policy reforms and fuel shortages are more critical than cyclical factors like falling interest rates. One should stick to regulated entities like NTPC, NHPC (regulated players, less fuel risk, high Actual Contract Quantity from Coal India, sustainable earnings growth via capacity addition).
Metals and Mining - Underperform
CY11 was a challenging year for the metals and mining sector on the back of a muted demand scenario, elevated raw material costs and restriction of mining of iron ore in certain areas. During the first nine months of CY11, prices of key raw materials such as iron ore and coking coal were on an upward trend while in Q4CY11 along with a decline in raw materials costs steel prices also tapered off resulting in no respite for steel companies. As a result, on the back of elevated cost structure the operating margins of steel players remained under pressure for CY11. Going forward, on the back of global uncertainty and a muted demand scenario, ICICIdirect expects global steel demand to remain subdued in CY12.
Cement - Underperform
Cement demand has been sluggish in the past 20 months (growth of 4.4% in FY11 and 4% in YTD FY 12) due to muted off take from construction activities. ICICIdirect finds that cement demand growth has a high correlation with gross fixed capital formation growth as it captures the construction activities. GFCF declined 0.6% in Q2FY12 on account of a slowdown in infrastructure investments, keeping cement demand under pressure. ICICIdirect expects cement demand to grow by 4.5% in FY12E and 8% in FY13E.
Shipping - Underperform
The shipping industry is currently passing through a downturn, which is likely to be prolonged. A moderation in demand and substantial increase in supply on account of new vessel additions is expected to keep freight rates subdued.
(Source : IRIS /Steelguru)
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Wednesday, 22 February 12
RAW COMMODITY EXPORT BAN SPARKS SMELTER BUILDING BOOM IN INDONESIA ANTARA / THE JAKARTA GLOBE
Antara / The Jakarta Globe reported that, as the government gears up to ban all exports of unprocessed commodities, Indonesia will see 12 new ...
Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
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Showing 4841 to 4845 news of total 6871 |
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- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
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