BTC iShares MSCI Indonesia ETF
Alexa, Tech Companies Are Leaving China: Where Will They Go?
Global consumer tech companies are reportedly looking to move out of China amid the still unresolved trade war.
Tech & Comm Services
India and Indonesia Indexes Gain as Most Other Asian Indexes Fall
India’s two key indexes, the NSE Nifty 50 and the S&P BSE Sensex, broke their losing streak even as most Asia-Pacific indexes ended in the red. The S&P BSE Sensex gained 0.8%, while the NSE Nifty 50 rose 0.83%. Both the indexes maintained upward momentum throughout the day.
Indian and Indonesian Indexes Stay Steady, but Taiwan Index Falls
Just like some of the other Asian indexes, Indian indexes closed almost flat today. The S&P BSE Sensex lost four basis points, while the NSE Nifty 50 gained seven basis points.
Taiwan and Thailand Indexes Rise as Other Asian Indexes Fall
After rising yesterday, both the key Indian indexes fell today.
Indian Indexes Fell, Indonesia Was the Best Performer
The NIFTY 50 and the BSE Sensex fell on May 29. The NIFTY 50 fell 0.57% and ended at 11,861.10. The BSE Sensex fell 0.62% and ended at 39,502.05.
Indian Indexes Celebrate Another Term for Modi
The S&P BSE Sensex rose 1.61% on May 24 and closed at 39,435. The NIFTY 50 fell 1.6% and ended the day at 11,844.10.
Indian Indexes Follow Asian Indexes despite Another Term for Modi
While Indian indexes rose during early trading as votes started pouring in to hit record highs, they dropped soon after on global worries.
Indian Indexes Gain ahead of the Vote Count
Ahead of the day of the vote count on May 23, both the main Indian indexes gained. The S&P BSE Sensex gained 0.36%, while the NIFTY 50 rose 0.25%.
Indian Indexes Retreat as Exit Poll Euphoria Wanes
After skyrocketing on May 20, Indian indexes shed some mass on May 21. The benchmark BSE Sensex dropped 383 points (0.97%).
Why Should You Expect Indian ETFs to Gain Big Today?
After almost six weeks and seven phases, voting for the next government in India ended on May 18.
Indian Indexes Continue to Gain on Mixed Day for Asian Equities
Indian indexes, which are having turbulent times like other world indexes, rose on value-buying opportunities today.
Afternoon Surge Boosts Indian Indexes on May 16
Both the S&P BSE SENSEX and the NIFTY 50 surged in the afternoon of May 16 to end up in the green.
Could Freeport-McMoRan’s Rally Lose Steam?
As of January 18, Freeport-McMoRan (FCX) stock had risen 21.8% this year.
Should Freeport Consider a Share Buyback?
In this article, we’ll look at the key updates the markets might be expecting on Freeport’s third-quarter earnings call.
Grasberg: What’s Delaying the Final Resolution?
While the Heads of Agreement was a step forward for Freeport and Indonesia in their long-standing impasse, it fell short of a final resolution.
Could Freeport Turn Things Around during Its Q2 Earnings Call?
Freeport-McMoRan (FCX) is slated to release its Q2 2018 earnings on July 25, conducting its earnings call the same day.
Freeport and Indonesia Take Baby Steps on Grasberg Impasse
Under last year’s “Framework,” Freeport agreed to construct a smelter in Indonesia and divest 51% stake in PT-FI towards Indonesian interests.
What Freeport, Rio Tinto, and Indonesia Get from Grasberg Deal
Freeport will receive only $350 million for roughly a 5.5% stake in PT-FI.
The Markets Aren’t Excited about Freeport’s Grasberg Resolution
Freeport McMoRan stock is trading almost flat as of 9:50 AM EST on July 12. The markets’ reaction looks rather cold.
Grasberg Mine: Freeport-McMoRan’s Outlook Is Murky
Freeport-McMoRan doesn’t know how the situation will unfold in Indonesia. Indonesia’s presidential elections could complicate things even more.
Freeport-McMoRan: Are the Markets Ignoring Some Risk Factors?
For now, risk assets seem to be finding a way to live with President Trump’s tariffs and the retaliation from the country’s trade partners.
Company & Industry Overviews
Freeport-McMoRan Faces a $3.5 Billion Question
Grasberg is the second-largest copper mine after Escondida, which is operated by BHP Billiton (BHP).
Freeport-McMoRan and Indonesia: The Tussle Gets Muddier
The new regulations muddy the ongoing tussle between Freeport and Indonesia.
Freeport-McMoRan: Analyzing the Grasberg Concerns
Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia—the world’s second-largest mine after BHP Billiton’s (BHP) Escondida mine.
Could Markets Have Pre-Empted Freeport’s Massive Slide?
Issues in Indonesia may have made investors wary of Freeport.
Freeport-McMoRan’s 1Q18 Earnings: Reading between the Lines
Freeport-McMoRan (FCX) released its 1Q18 earnings today and reported revenues of $4.8 billion.
Uncertainties Surround Freeport’s Indonesia Operations
Freeport-McMoRan (FCX) operates the Grasberg mine in Indonesia (EIDO) with Rio Tinto (RIO) (TRQ) as a minority partner.
What Makes Grasberg the Crown Jewel of Freeport’s Portfolio
As we noted in the previous part of this series, Freeport-McMoRan (FCX) expects its unit cash costs to fall in 2018.
After Dividend Reinstatement, What’s Freeport’s Next Priority?
As we noted previously, Freeport-McMoRan (FCX) has reinstated its dividend, which was suspended in 2015. Glencore (GLEN-L) has already reinstated its dividends.
What’s the Best Outcome for Freeport in Indonesia?
Grasberg issues have dominated Freeport’s earnings calls. During its 4Q17 earnings call, Freeport noted that it has made “a lot of progress.”
How Impressive Is Freeport-McMoRan’s 4Q17 Performance?
Freeport-McMoRan (FCX) reported an adjusted EBITDA of $2.1 billion in 4Q17. The company posted an adjusted EBITDA of $1.61 billion in 3Q17.
How the Grasberg Divestment Could Impact Freeport-McMoRan
Freeport’s earnings from the Grasberg operation could fall after it divests its stake in the giant mine.
Here’s What Could Drive Freeport-McMoRan’s 2018 Performance
Along with the Indonesia issues, the markets could be watching to see how Freeport allocates capital in 2018.
Why Asian Markets Grabbed Investors’ Attention in 2017
Stock markets around the world rallied in 2017. Asian equities, in particular, grabbed investors’ attention in 2017, as they have been outperforming other markets.
Did Optimism over the Grasberg Resolution Help Freeport?
Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia (EIDO). The mine, where Rio Tinto (RIO) (TRQ) is Freeport’s minority partner, is the second-largest mine globally after BHP Billiton’s (BHP) Escondida mine.
Freeport’s Indonesia Deal: So Near, yet So Far
Freeport-McMoRan (FCX) and the Indonesian government are discussing the fine print of extending the company’s mining license in the country beyond 2021.
Freeport and Indonesia: The Tussle Continues
Freeport and the Indonesian government are involved in a discussion to extend Freeport’s mining rights in Indonesia beyond 2021.
Freeport’s Major Risks in the Short Term
A strong balance sheet helped address one of key investors’ concerns regarding Freeport’s higher leverage ratio.
Freeport’s Indonesia Issues Just Keep Increasing
Copper markets will closely follow the developments at Grasberg in the coming weeks. The developments could impact global copper markets.
Why October Could Be a Crucial Month for Freeport-McMoRan
In the previous parts of this series, we looked at some of the macro developments that could impact Freeport-McMoRan (FCX) in October.
The Answer to Freeport-McMoRan’s Valuation Could Lie with Indonesia
Freeport-McMoRan (FCX) is trading at an EV-to-EBITDA multiple of ~6.6x based on its 2017 EBITDA estimates and ~5.1x based on its 2018 EBITDA estimates.
Inside Freeport-McMoRan’s Earnings Estimates
According to consensus estimates compiled by Thomson Reuters, Freeport-McMoRan (FCX) is expected to generate adjusted EBITDA of ~$1.4 billion in 3Q17 and ~$1.6 billion in 4Q17.
Reading Freeport’s Indonesia Timeline
Freeport-McMoRan (FCX) discovered the Grasberg mine in 1988. In 2014, Indonesia banned the export of unprocessed ores from the country.
Why Freeport Investors Will Likely Postpone the Celebration
Despite Freeport’s announcement of a resolution to its long-term Grasberg dispute with the Indonesian government, its stock fell on August 29.
Why Markets Are Concerned about Freeport-McMoRan
Markets are apprehensive about Freeport’s Indonesia operations. Freeport is exporting copper concentrate from Indonesia under a short-term export permit.
Why Indonesia’s Manufacturing Activity Fell
Manufacturing activity in Indonesia In July 2017, manufacturing activity in Indonesia (EIDO) fell at the fastest pace in 19 months, mainly due to sharp decline in its output. Indonesia’S (EEM) manufacturing PMI (purchasing managers’ index) fell to 48.6, compared with 49.5 in June 2017, according to an IHS Markit report. New orders also fell in July […]
Why Indonesia’s Consumer Confidence Was Down in June 2017
Consumer confidence in Indonesia (EIDO) fell to 122.4 in June 2017 from an all-time high of 125.9 in May 2017.
Manufacturing Activity in Indonesia Contracted in July 2017
Manufacturing activity in Indonesia (EEM) in July 2017 fell at its fastest pace in the last 19 months mainly due to the sharp decline in its output.
Indonesia’s Exports Fell in June 2017
Exports from Indonesia (EIDO) in June 2017 stood at $11.6 billion, a fall of 11.8% on a year-over-year basis and 19% on a month-over-month basis.
Here’s Why Indonesia’s Trade Surplus Rose in June 2017
Indonesia’s (EIDO) trade surplus in June 2017 stood at $1.6 billion as compared to $1.1 billion in the corresponding period last year and $0.57 billion in the previous month.