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Geo Energy Resources
Results
Geo Energy announces revenue surge, earnings turnaround from high coal prices
Geo Energy Resources announces record year with revenue doubling in 2021, and net profit turning around to US$179.1 million
February 24, 2022
Insider moves
Geo Energy shareholder cuts stake; StarHub and Silverlake Axis buy back shares
Geo Energy Resources has been buying back shares ahead of its record earnings announcement
February 24, 2022
Corporate moves
Profiting from coal play despite a murky future
While coal companies attempt to figure out how they can pivot to a renewable future, will investors buy into their plans?
January 27, 2022
Results
Geo Energy expects 'highest quarterly results ever' for 4Q2021
The company rides on strong coal prices and targets total sales of up to 3.5 million tonnes.
December 08, 2021
Company in the news
Riding on record coal prices, Geo Energy fully redeems bonds and eyes better 2H2021
The company now has the flexibility to pay more dividends
October 13, 2021
Commodities
Cash swelled by record coal prices, Geo Energy plans earlier redemption of bonds to pare down debt
For 1HFY2021 ended June, Geo Energy's recorded net earnings of US$48.5 million. In July alone, net earnings hit US$18.6 million.
September 12, 2021
Broker's Calls
KGI upgrades Geo Energy to 'outperform' with higher target price of 42 cents
KGI points out that coal will still be the primary supply of power for Asia over the next decade.
August 30, 2021
Results
Geo Energy revenue up on "exceptional" coal prices, seeks higher quota to tap "super cycle"
Geo Energy plans to pay a second interim dividend of 0.5 cents per share.
August 11, 2021
Insiders of Lian Beng, Geo Energy and Uni-Asia increase their respective stakes
The Ong family controlling Lian Beng, and substantial shareholders in Geo Energy and Uni-Asia have raised their respective stakes.
February 05, 2021
Commodities
Coal's long winter of discontent
“We don’t have a global outlook for coal, but if we did, it would be negative,” says Benjamin Nelson, an analyst at Moody’s Investors Service.
June 19, 2020