GEAR is a diversified mining and natural resources investment company, write Chen and Ng. Having its roots as one of Indonesia’s largest coal miners, the group has since branched out into precious metals over the past four years.
KGI Securities is initiating coverage of Golden Energy and Resources (GEAR), the “fastest-growing coal producer in Asia”.
In an Aug 25 note, KGI Securities analysts Chen Guangzhi and Joel Ng are starting the company on “outperform” with a target price of 64 cents, which represents an upside of 137%.
