Equity Research PT Petrosea Tbk
PT Petrosea Tbk BUY Investment Consideration Double digit growth in contract mining As of 9M22, contract mining revenue growth was maintained at 6% YoY although coal production decreased -41% YoY to 14.04 mn tons while overburden volume (OB) growth was flat at +1%YoY despite a higher average coal selling price. Revenue from …