In October 25, 2016, in
this blog we've talked about one of the most phenomenal stock in the history of
stock market in Indonesia, Bumi Resources (BUMI), which suddenly jumped from
Rp82 to Rp123 per share, in just two trading days. However, after considering
the rise in coal prices, plus the company’s plan to convert its debt into
shares (which was then approved by the creditors), we concluded that BUMI is
very attractive because it is still likely to rise further. You can read the
analysis in here.
