Borneo Lumbung Energy (BORN) - Domestic Leader of Coking Coal

New IPO – Borneo Lumbung Energy & Metal Tbk. – Speculative Buy

Domestic leader for Coking Coal

  • The biggest integrated coking coal producer in Indonesia.
  • Improved leverage profile post IPO.
  • Ramping up production capacity.
  • Offering price is at Rp980 – 1,280/share, translation EV/reserve of US$27-35/ton.


  1. Borneo Lumbung Energy (144.2 KiB)