Fixed Income

Fixed Income · 11. July 2018
Buying opportunity for the new Agile Group Holdings Ltd issue.

Fixed Income · 02. July 2018
Azure power is a leading independent power producer and developer of solar energy in India. The company, founded in 2008 by Indrapreet Wadhwa, was a pioneer in India’s Solar projects and developed the first private utility scale project in 2009.

Fixed Income · 18. June 2018
Indika Energy Indonesia | Metals & Mining – Fixed Income Background PT Indika Energy Tbk. (Indika) is an integrated Indonesian energy company involved in three primary businesses: Energy Resources, Energy Services and Energy Infrastructure, which accounted for 40%, 49% and 11% of total revenues in FY17. Within Energy Resources, Indika’s key asset is its 91% subsidiary PT Kideco Jaya Agung (Kideco), Indonesia's third-largest domestic coal producer and one of the world's lowest-cost...
Fixed Income · 04. June 2018
Summary and recommendation BUMA is Indonesia's second-largest mining contractor, with a 20% market share. In 2017, Berau Coal, Geo Energy, Adaro and Kideco accounted for 92% of its total revenues. With 70% of its revenues tied to prevailing coal price, near term earnings growth should be supported with Newcastle prices remaining high at $114/ton and Qinhuangdao at RMB686/ton as of 19 Jun 2018. Although coal prices could normalize at lower levels, these should stabilize within the $75/ton to...