Tee notes that Geo Energy is “navigating price pressures with cost efficiency.”
KGI Securities Singapore analyst Alyssa Tee has lowered her target price to 68 cents from 72 cents for Geo Energy Resources (SGX:RE4
) (Geo Energy) given the lower-than-expected production volume and current coal prices.
However, Tee still maintains her “outperform” call given the company’s cost-efficient model, stable demand, steady coal prices and accelerated growth.
