In today’s briefing:
- Adaro Energy (ADRO IJ) – Riding the Coal Wave into Diversification
Adaro Energy (ADRO IJ) – Riding the Coal Wave into Diversification
- Adaro Energy continues to ride the wave of higher coal prices but at the same time, it aims to increase production this year by over 13% further driving revenues.
- The company is on the cusp of a transformation, with the construction of a new smelter in North Kalimantan in a new green industrial park, the world’s largest planned.
- FY2022 will see a sharp spike in earnings but Adaro will also pay out a significant dividend with a payout ratio similar to last year implying a yield over 20%.
Before it’s here, it’s on Smartkarma
