Sakari: Could see some negative sentiments, after the collapse of the public Kutai Karanegara suspension bridge over the Mahakam River on Saturday. While Grp has announced that at this pt in time, no formal exports of the damage have been confirmed, and they are currently still ascertaining the impact on its Jembayan operations. Production is for now still continuing as usual in Jembayan.
We note that any disruption to the transportation of Jembayan coals could potentially weigh on 4Q11 results, with Jembayan currently contributing abt 85.2% of grp’s total sales vol, based on 3Q11 results.
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