In his June 2 note, Chew notes that the Indonesian commodities sector has been under pressure since the Indonesian government’s proposed centralisation of commodity export controls.
Coal miner Geo Energy Resource's 1QFY2026 earnings were below the expectations of Paul Chew of PhillipCapital, due to a decline in production volume in one of the mines nearing the end of its mine life.
Having said so, the company will be boosting production in other mines, specifically, TRA, as new completed infrastructure will be better positioned to support the increase in production. From just 2.5 million tonnes in FY2025, Chew expects volume to reach 6 million tonnes this year.
