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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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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
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- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Economic Council, Georgia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
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