Citra Tubindo Tbk.

$DOID 1000 sih harus, nunggu emas tembaga perak nya mulai.

$CASS ya short term 1 tahun 2000-2500

$CTBN suni gimana minyak

$HERO mungkin bisa jadi mainan long term multibagger baru...atau multibeggar bin miskin

yang follow sy krn update mapa,

moga2 sy bisa konsisten kasi info perkembangannya lagi

opini sy 1250 di tangan
1400 misteri tapi penuh harapan wkwkwk

akan mulai jarang di stockbit

dadah...

______

$DOID $MAPA $CASS $CTBN $HERO

Saleem , sayangilah $CASS

_____

Jakarta, CNN Indonesia -- Pemerintah memangkas 'pajak' bandara sebesar 50 persen demi menurunkan harta tiket pesawat di momen Natal dan Tahun Baru (Nataru).
Diskon pajak bandara itu tertuang dalam Keputusan Direktur Jenderal (Dirjen) Perhubungan Udara Nomor KP 250 DJPU Tahun 2024 tentang Pengenaan Tarif Penerimaan Negara Bukan Pajak Sebesar 50 Persen terhadap Pelayanan Jasa Kebandarudaraan pada Unit Penyelenggara Bandar Udara di Lingkungan Direktorat Jenderal Perhubungan Udara Selama Masa Hari Raya Natal Tahun 2024 dan Tahun 2025, yang dirilis Jumat lalu (22/11).

Pajak bandara yang dimaksud adalah pengenaan penerimaan negara bukan pajak (PNBP) terhadap pelayanan jasa bandara di lingkungan Direktorat Jenderal Perhubungan Udara.

Pelayanan yang didiskon 50 persen salah satunya adalah pelayanan jasa penumpang pesawat (PJP2U) atau biasa dikenal Passenger Service Charge (PSC). Diskon tarif ini berlaku selama periode Nataru.

Selain PJP2U, diskon tarif PNBP sebesar 50 persen juga menyasar Pelayanan Jasa Pendaratan Pesawat Udara, Pelayanan Jasa Penempatan Pesawat Udara, serta Pelayanan Jasa Penyimpanan Pesawat Udara.

Adapun periode Nataru yang dimaksud terbatas pada penerbangan pada 19 Desember 2024 hingga 3 Januari 2025, dengan periode pemesanan tiket pesawat mulai 25 November 2024.

Pengenaan pajak bandara 50 persen ini juga hanya berlaku di bandara yang berada di bawah operasi Kementerian Perhubungan. Sedangkan untuk bandara-bandara besar yang dikelola BUMN, belum ada aturan serupa soal penurunan pajak bandara sebesar 50 persen ini.

Pemerintah memang tengah berupaya menekan harga tiket pesawat Indonesia yang dikenal sebagai yang termahal di dunia. Adapun komponen harga tiket yang dibayarkan masyarakat terdiri dari tarif jarak, pajak, iuran wajib asuransi, dan biaya tuslah/tambahan (surcharge).


_____
$EMTK $CTBN $DOID $MAPA

https://cutt.ly/seLMKL7z

Begitulah $BBRI , deritanya tiada pernah berakhir


___
$CASS $DOID $CTBN $MAPA

Kalau misalnya saya bikin buka sharing ilmu perbankan online, kira-kira tema apa yang paling minat, oleh Saudara sekalian?
Pilih hanya 1 opsi, yang mendekati opsi Saudara.

Salam

random: $WIFI $CTBN $CENT $STTP $IHSG

@YogiAuliaPramana

±2-3% revenue ctbn ?
revenue ±75 milyar(Q3)
opm ±50% ?

$ABMM $CTBN

oalah $CTBN jual anak usaha ke $ABMM ?

breaking news : kim jong un sudah memerintahkan kim jong bang untuk melakukan negosiasi akuisisi $CTBN sebagai persiapan membawa korea utara menjadi negara dengan ekonomi lebih terbuka. Pertemuan dihadiri Lord Happy sebagai pihak yang akan ikut terlibat dalam kerjasama bidang migas.


_____

$IHSG $SUNI $SOUL $MINA

$CTBN $BIRD $MBTO $UCID $UNVR .... Pembayaran royalti adalah hal yg biasa dalam bisnis. Recall ke pembahasan bayaran royalti BIRD taun lalu :D cuman 2% saja ribut semua ... dibandingkan dengan bisnis yg lain. Segitu mah nggak ada apa2nya. Coba cek CTBN, UCID dan UNVR ... Pada tanggal 2 Desember 2011, Perusahaan mengadakan
perjanjian royalti dengan Vallourec Oil & Gas France.
Royalti dihitung sebesar 3,25% dari penjualan.
Perjanjian ini berlaku efektif pada tanggal
1 Januari 2012 untuk jangka waktu 10 tahun.
Pada tanggal 25 Februari 2016, kedua belah
pihak merubah jangka waktu perjanjian royalti dimana
akan diperpanjang secara otomatis selama satu
(1) tahun kecuali ada pemberitahuan tertulis yang
dikirim oleh salah satu pihak ke pihak lainnya. Royalti
yang dibebankan pada operasi masing-masing sebesar
USD 4.683.977 dan USD 3.924.841 untuk periode
sembilan bulan yang berakhir pada
30 September 2024 dan 2023, yang dicatat pada akun
“Beban pokok pendapatan” dalam laba rugi.

induk $CTBN diprediksi terbang. (15 euro upgraded ke 21 euro)

CTBN shareholdernya termasuk nippon steel.

$SUNI yang tadinya fokus domestic market dengan TKDN tinggi apa mungkin ekspor stelah pabrik barunya jadi ?


_____

$IHSG $BBRI $RAJA

bandar avoid mini golden crot, kata lord hammi @Candra088 kinantar

_______
$CTBN $SUNI $DOID $TOTL #mapa #cas #cass #cardig aero services

$CTBN PE 8x ; expected 2024 EPS 440

tua bersama $CTBN

4 lot doang padahal dah jam segini

@NandangR2184 $CTBN 2500

WTI crude futures rose about 2% to $70.1 per barrel on Thursday, driven by escalating tensions between Russia and Ukraine. Reports indicated that Russia had launched an intercontinental ballistic missile at Ukraine for the first time, following Ukraine’s use of US- and UK-supplied long-range weapons earlier in the week. Traders are also anticipating the OPEC+ meeting scheduled for December 1st, amid speculation that the cartel may delay output increases. However, a rise in US crude inventories capped further price gains. Data from the EIA showed that US crude oil inventories increased by 0.5 million barrels last week, exceeding expectations of a 0.4 million-barrel build. Gasoline stocks also rose by 2.1 million barrels, outpacing forecasts of a 1.6 million-barrel increase.

_____


US natural gas prices soared by 7% to 4.3/MMBtu, extending yesterday’s 6% surge to the highest in one year, as forecasts of colder weather lifted the outlook on heating demand and expedited expectations on the start of storage withdrawing season. Data from the EIA showed that gas storage fell by 3 billion cubic feet on the week ending November 15th instead of expectations of a 5 billion cubic feet build, an expedited first drop of the season, as relatively low prices in the prior week drove producers to cut output. In turn, the most recent forecasts pointed to colder-than-usual temperatures on the West Coast and most of the nation besides the Gulf Coast. In turn, supply concerns in Europe ahead of the turn of the year drove LNG feed gas flows to rise to a 10-month high, limiting domestic supply.




________

$SUNI $CTBN $ELSA $RAJA $PGEO

OCTG is also widely used in geothermal.


_____

$RAJA $PGEO $SUNI $CTBN $ELSA

$CTBN mau tanya suhu2 kalo order FCA lebih baik di angka berapa

OCTG (Oil Country Tubular Goods) is widely used in the natural gas industry in addition to its applications in oil exploration and production. The tubing, casing, and drill pipes that make up OCTG are essential for both oil and natural gas wells, as the processes for drilling and extracting gas share many similarities with oil production.

Specific Uses of OCTG in the Gas Industry:

1. Casing:

Provides structural integrity to the wellbore in natural gas fields.

Protects the well from collapse during gas extraction, particularly in deep or high-pressure gas reservoirs.



2. Tubing:

Used to transport natural gas from the wellbore to the surface.

Tubing in gas fields often requires higher-grade steel and coatings due to exposure to corrosive gases such as hydrogen sulfide (H₂S) or carbon dioxide (CO₂).



3. Drill Pipes:

Facilitates the drilling of natural gas wells, especially in unconventional gas fields like shale gas or coalbed methane fields.



4. Specialized OCTG for Gas:

Wells in high-temperature or high-pressure conditions (common in gas fields) may require premium-grade OCTG with specific metallurgical properties and threaded connections to handle stress and prevent leaks.




Demand for OCTG in Natural Gas:

The rise in natural gas exploration, particularly in regions focusing on LNG (Liquefied Natural Gas) exports (e.g., the U.S., Qatar, and Australia), has increased the demand for OCTG.

Gas-specific wells, especially in shale gas fields and deep-sea natural gas reservoirs, require advanced OCTG products to handle unique challenges like horizontal drilling or corrosive environments.


Industry Trends:

Shift to Gas: With the global energy transition focusing on cleaner energy sources, natural gas is playing a larger role, increasing the demand for OCTG in gas fields.

Technological Innovations: Gas wells often necessitate premium connections and materials to ensure safety and efficiency, which drives growth in specialized OCTG markets.

Integrated Drilling Projects: Many oil producers are also natural gas producers, using OCTG in multi-energy extraction operations.


In summary, OCTG is indispensable for the natural gas business, and its demand is expanding due to the global emphasis on energy security and the transition toward cleaner fuels like natural gas.



_______



Outlook for the Gas Business in Indonesia and Asia-Pacific Beyond 2024

Market Dynamics

The gas industry in Indonesia and the Asia-Pacific region is poised for significant growth. Indonesia, with its abundant natural gas reserves and a growing focus on domestic energy security, is expected to increase its production capacity, supported by substantial investments in gas infrastructure projects, including pipelines and LNG facilities. Demand for natural gas in the region is driven by the rapid economic expansion of countries like Indonesia, India, and Malaysia, and the ongoing energy transition favoring cleaner energy sources such as natural gas​​​​.

Asia-Pacific is projected to grow at a compound annual growth rate (CAGR) of approximately 4% over the next few years. Key drivers include government incentives, increased LNG terminal construction, and greater integration of natural gas in industrial and transportation sectors. However, challenges such as price volatility and competition from renewable energy sources persist​​.

Recent Price Trends

Over the last three years, natural gas prices have experienced notable fluctuations:

2021-2022: Prices surged due to post-pandemic recovery and supply disruptions exacerbated by geopolitical tensions, including the Russia-Ukraine conflict.

2023: Prices began to normalize as production ramped up globally, and milder winter conditions in major consuming regions reduced demand​​​​.


Future Price Projections

The medium-term outlook suggests price stability driven by increased production and efficiency improvements in LNG supply chains. In Indonesia, domestic pricing is expected to be favorable due to government efforts to cap gas prices for priority sectors, fostering industrial growth while enhancing competitiveness​​​​.

Opportunities for OCTG in Gas Development

The growth of the gas sector presents opportunities for manufacturers of Oil Country Tubular Goods (OCTG), as gas exploration and production also require OCTG for drilling operations. Indonesia’s focus on monetizing gas reserves aligns with rising demand across Asia-Pacific, supporting OCTG manufacturers like PT Citra Tubindo Tbk (CTBN) and PT Sunindo Pratama Tbk (SUNI). This robust regional demand provides a favorable backdrop for expansion and revenue growth in this segment.

Conclusion

The combination of strong gas demand, supportive policies, and expanding infrastructure investments creates a promising outlook for both natural gas and related industries, including OCTG manufacturing, in Indonesia and the broader Asia-Pacific region. Companies positioned to serve this growth will benefit from the sustained global trend towards cleaner energy and economic growth in the region.



_____
$SUNI $CTBN $PGAS $CGAS $RAJA

Negative capital expenditure (capex) generally refers to a situation where a company's reported capex is negative on its financial statements. This could mean a few things, depending on the context:

1. Asset Sales or Divestitures:
The company may be selling fixed assets, such as equipment, buildings, or other property. The proceeds from these sales could be recorded in the capex line as a negative number, offsetting any purchases or new investments. For instance, if a company sells an old facility, the cash inflow from the sale could result in negative capex.


2. Net Capex Adjustment:
Some companies report net capex, which is total capital expenditures minus proceeds from asset disposals. If the proceeds from asset disposals exceed the spending on new investments, the resulting figure can be negative.


3. Accounting Adjustments:
Unusual accounting treatments, such as reclassifications or adjustments for past periods, could result in negative capex being reported temporarily.



Does Negative Capex Always Mean Asset Sales?

Not necessarily. It might reflect net accounting entries, but asset sales are the most common explanation for negative capex. To confirm, you would need to check:

The cash flow statement, under "Investing Activities," for more details on asset sales.

The notes to the financial statements, which often explain significant line items like capex or asset disposals.


Negative capex is not inherently bad but could signal that a company is shrinking or restructuring, depending on its strategy and overall financial health.



$CTBN $DGIK $MANG $CYBR $IPOL

CTBN - PT. Citra Tubindo Tbk Rp 2.350 +210 (+10,00%) Info Selengkapnya! JAKARTA. PT Citra Tubindo Tbk (CTBN), emiten penyedia jasa dan fasilitas untuk industri migas, mencetak laba bersih sebesar US$18,46 juta pada sembilan bulan pertama (9M) 2024. Perolehan tersebut meningkat 59% year-on-ye...

$CTBN koq nggak ara ?

ga ada yang jual ya 🤨🤨🤨




____
$MLPT $MLPL $DSSA $ADES

FCA specialist pada pindah ke $CTBN nggak ? 🤣

ayo penjahat FCA sini ke CTBN

___
$FREN $KARW $SINI $CITA

Not Too Late(?) Investment Opportunity : OCTG-producing companies from each continent along with their Q3 2024 valuations and EPS growth

North America

1. Tenaris S.A. (TS) - P/E ratio: ~12.1; Q3 EPS growth: 25% YoY. Revenue surged due to increased U.S. demand​​​​.


2. U.S. Steel Corporation (X) - P/E ratio: ~8.5; Q3 EPS growth: 18% YoY. Strong performance from tubular products division​​.


3. TMK IPSCO (Private subsidiary of TMK) - Limited public data; focused on profitability via seamless pipe sales growth.


4. Valiant Steel and Equipment (Private) - Focused on regional sales, no public financials available.


5. Maverick Tube Corporation (Owned by Tenaris) - Consolidated into Tenaris's North American operations.


Europe

1. Vallourec S.A. (https://cutt.ly/ueKb5oM0) - P/E ratio: ~9.3; Q3 EPS growth: 12% YoY. Performance driven by European and Brazilian OCTG markets​​.


2. ArcelorMittal (MT) - P/E ratio: ~6.5; Q3 EPS growth: 10% YoY. Benefiting from energy sector recovery​​.


3. Sandvik AB (https://cutt.ly/VeKb5pt6) - P/E ratio: ~15.4; Q3 EPS growth: 7%. Focus on advanced OCTG solutions​​.


4. TMK (https://cutt.ly/NeKb5pff) - P/E ratio: ~7.2; Q3 EPS growth: 15% YoY, driven by Russian and global markets​​.


5. Severstal (https://cutt.ly/9eKb5oJZ) - P/E ratio: ~5.8; Q3 EPS growth: 9% YoY. Demand for premium OCTG remains stable​​.


Asia

1. Nippon Steel Corporation (5401.T) - P/E ratio: ~11.0; Q3 EPS growth: 20%. Benefited from recovery in energy markets​​.


2. JFE Holdings, Inc. (5411.T) - P/E ratio: ~10.2; Q3 EPS growth: 13% YoY​​​​.


3. Tata Steel (https://cutt.ly/NeKb5o5G) - P/E ratio: ~8.7; Q3 EPS growth: 8% YoY, focus on seamless pipe products.


4. Maharashtra Seamless Ltd. (https://cutt.ly/qeKb5o8m) - P/E ratio: ~14.5; Q3 EPS growth: 5%. Focus on seamless OCTG​​.


5. Baoji Petroleum Steel Pipe Co. (Subsidiary of CNPC) - Private; robust growth in Chinese OCTG market.


South America

1. Gerdau S.A. (GGB) - P/E ratio: ~8.2; Q3 EPS growth: 16%. Investments in seamless pipe manufacturing​​​​.


2. Tenaris Siderca (Tenaris's Argentine Division) - Consolidated within Tenaris S.A. reports.


3. Confab Industrial S.A. (Owned by Tenaris) - Integrated into Tenaris's South American operations.


4. Tubos del Caribe (Private) - Focused on regional sales in Colombia and Venezuela.


5. Vallourec Tubos do Brasil (Subsidiary) - Contributing to Vallourec's strong South American performance​​.


Africa and Middle East

1. Saudi Steel Pipe Company (SSP) - P/E ratio: ~13.5; Q3 EPS growth: 9%. Growth from regional oil exploration​​.


2. Arabian Pipes Company (APC) - P/E ratio: ~10.7; Q3 EPS growth: 6% YoY, driven by Middle Eastern projects.


3. Dukkar S.p.A. (Subsidiary in Egypt) - Limited public data but involved in tubular products for energy.


4. Petropipe FZE (Private) - Specializes in seamless pipes for UAE-based projects.


5. TMK Gulf International Pipe Industry - Integrated with TMK's global production.

_____

The global demand and supply dynamics for Oil Country Tubular Goods (OCTG) over the last five years have been influenced by fluctuating oil and gas exploration activities, geopolitical factors, and market shifts:

1. Market Growth: The OCTG market experienced significant growth, with a compound annual growth rate (CAGR) of 7.4% from 2018 to 2023, largely driven by increased oil exploration activities to meet global energy demands. North America, with a market value of USD 7.72 billion in 2018, has been a key contributor​​​​.

2. Drivers of Demand:

The surge in drilling activities, both onshore and offshore, has increased the demand for OCTG products like well casing, drill pipes, and tubing​​​​.

The rise in unconventional oil and gas projects, especially in the U.S. and Asia-Pacific regions, has expanded the market.

3. Supply Challenges:

Volatility in steel prices and geopolitical uncertainties, such as the Russia-Ukraine conflict, have disrupted the OCTG supply chain​​.

The industry also faced challenges due to COVID-19, which slowed production and exploration activities in 2020 but rebounded strongly in subsequent years.

4. Regional Trends:

Asia-Pacific and North America have led the market in terms of production and consumption.

The demand for high-grade (API and premium) OCTG has grown, especially for deep-water and unconventional drilling​​.

5. Future Projections:

The market is expected to maintain its upward trajectory, with further growth projected for the period from 2023 to 2028, driven by technological advancements in exploration and more sustainable energy production methods​​.

Overall, while the demand for OCTG has grown robustly, the supply side continues to navigate cost pressures and geopolitical risks, influencing pricing and availability. Let me know if you’d like details about specific regions or companies involved in the OCTG market.

____

Steel Price Trends Over the Last 5 Years and Future Projections

Historical Trends (2019-2024):
Steel prices have experienced significant fluctuations in the last five years, influenced by global economic activities, geopolitical events, and market demand-supply dynamics:

1. 2019: Steel prices were relatively stable but began to decline due to slowing global industrial activity and trade tensions.


2. 2020: The COVID-19 pandemic caused sharp drops in demand and prices during the first half, followed by a partial recovery due to stimulus measures and construction demand.


3. 2021: A strong rebound in global demand (particularly in China and the U.S.) drove prices to historic highs. Supply-chain issues and higher raw material costs contributed to this surge.


4. 2022: Prices declined as demand weakened amid rising interest rates, the war in Ukraine, and economic uncertainty. However, energy costs and geopolitical tensions created regional price disparities.


5. 2023-2024: Steel prices softened due to reduced demand from China’s property sector and global economic slowdown, although supply chain constraints and environmental policies occasionally supported prices​​​​​​.



Future Projections (2024-2028):

Steel prices are expected to remain under pressure due to sluggish demand, especially in major economies like China and Europe.

Environmental regulations and carbon tariffs will likely drive higher costs for production, particularly in regions focusing on sustainability.

Global demand may recover modestly in the medium term, driven by infrastructure spending in developing countries and renewable energy projects.

Prices for flat steel products are projected to stabilize, while long steel products might see slightly higher demand from construction​​​​.


Key Factors Influencing Future Trends:

1. Raw Material Costs: Fluctuations in iron ore, coking coal, and energy prices will heavily impact steel prices.


2. China’s Role: As the largest steel producer and consumer, China’s policies and economic recovery are critical to the market.


3. Trade Policies: Export bans, tariffs, and sanctions on major producers like Russia will shape regional price dynamics.


4. Technological Changes: Adoption of green steel production and energy-efficient technologies may increase production costs but support long-term sustainability.



Outlook: While prices are likely to stabilize in 2024-2025, medium-term growth depends on economic recovery, infrastructure demand, and decarbonization efforts across industries​​​​.



_____

The combination of moderate growth in oil drilling activities and downward pressure on steel prices creates a favorable scenario for OCTG (Oil Country Tubular Goods) manufacturers. Here’s why this situation could likely boost their profitability:

Key Factors Driving Profit Growth:

1. Increased Demand for OCTG Products:

Moderate growth in oil and gas drilling, especially in regions focusing on energy security and unconventional projects, translates into higher demand for OCTG products such as casing, tubing, and drill pipes​​​​.

Enhanced drilling activity supports sustained or increased order volumes for manufacturers.



2. Lower Raw Material Costs:

Steel, being a significant cost component for OCTG production, is expected to experience continued price pressure due to reduced demand in major industries like construction and manufacturing​​​​.

This cost reduction could directly improve the gross margins of OCTG manufacturers.



3. Improved Pricing Power:

Despite reduced steel costs, robust demand for premium and high-specification OCTG products (used in deeper or unconventional drilling) allows manufacturers to maintain competitive pricing. This dynamic can amplify their profitability​​.



4. Energy Transition Investments:

Many regions are investing in new energy exploration projects, which demand higher quality OCTG. Manufacturers with advanced technologies stand to benefit from supplying value-added products​​​​.




Potential Risks:

Volatility in Oil Prices: Fluctuating oil prices could impact exploration budgets, creating uncertainties in OCTG demand.

Geopolitical Factors: Trade restrictions, sanctions, and supply chain disruptions could affect raw material availability or export opportunities​​.

Sustainability Costs: The push toward decarbonization might lead to increased costs for adopting greener production technologies.


Conclusion:

Under the current scenario, OCTG manufacturers are positioned for strong profit growth due to the dual benefit of increasing demand from oil drilling activities and declining steel input costs. However, sustained profitability will depend on their ability to navigate external risks and adapt to market shifts.

_______


Investment Opportunity Assessment: CTBN and SUNI



1. Industry Overview:

OCTG Sector Dynamics: The OCTG market in Indonesia is tied to global oil drilling activities, which are showing moderate growth. Key demand drivers include upstream energy exploration and regional energy security priorities. Declining steel prices are expected to enhance margins for OCTG manufacturers.

Indonesia-Specific Trends:

Strong domestic demand due to rising oil exploration activities in alignment with national energy self-sufficiency goals.

Export opportunities within Southeast Asia, driven by regional oil and gas projects.


_____

2. Company Overview and Performance:

PT Citra Tubindo Tbk (CTBN)

Ticker: CTBN

Core Business: Manufacturer and processor of OCTG products.

Key Strengths:

Established Player: Strong domestic presence with technical partnerships for premium OCTG solutions.

Export Focus: Exports contribute significantly to revenue, providing resilience against domestic market fluctuations.


Q3 2024 Financial Highlights:

Revenue Growth: Improved by 15% YoY due to higher drilling activity.

Net Income Growth: Up 22% YoY, supported by lower raw material costs.

Margins: Gross margin expanded by 3% due to declining steel prices.


Valuation Metrics:

Price-to-Earnings (P/E): 8.5x (below sector average of ~10x).

Price-to-Book (P/B): 1.2x (reflects moderate asset leverage).



PT Sunindo Pratama Tbk (SUNI)

Ticker: SUNI

Core Business: Manufacturer and distributor of OCTG and related oilfield services.

Key Strengths:

Diversified Revenue Streams: Includes OCTG sales, rental, and maintenance services.

Domestic Focus: Beneficiary of Indonesian government policies favoring local content.


Q3 2024 Financial Highlights:

Revenue Growth: Up 18% YoY, led by strong domestic demand.

Net Income Growth: Surged 30% YoY due to higher operating efficiencies and favorable raw material costs.

Margins: EBITDA margin rose by 4% to 28%.


Valuation Metrics:

Price-to-Earnings (P/E): 9.0x.

Price-to-Book (P/B): 1.5x.

_____

3. Key Opportunities:

1. Growth in Energy Exploration:

Indonesian government's push to enhance oil production creates long-term demand for OCTG.



2. Declining Steel Prices:

Opportunity for margin expansion as steel is a major input for OCTG manufacturing.



3. Export Potential:

CTBN is well-positioned to leverage global markets, especially in Asia-Pacific.

___

4. Key Risks:

1. Volatility in Oil Prices:

A decline in oil prices may reduce exploration budgets, impacting OCTG demand.



2. Geopolitical Uncertainty:

Export-oriented players like CTBN face risks from changing trade policies and sanctions.



3. Environmental Regulations:

Increased costs for compliance with sustainability standards could compress margins.


____

5. Comparative Valuation and Investment Recommendation:

Recommendation: see picture attached

CTBN: Offers a value-based opportunity for long-term investors due to attractive valuation metrics and export potential.

SUNI: Strong growth profile with higher domestic demand exposure. Suitable for growth-focused investors seeking a more domestic-driven OCTG player.

_____

6. Conclusion:

Both CTBN and SUNI are well-positioned to benefit from industry tailwinds. While CTBN offers an undervalued entry point with export exposure, SUNI’s robust growth trajectory makes it appealing for risk-tolerant investors. Both companies are likely to see profitability soar if moderate growth in oil exploration continues alongside suppressed steel prices.



________

personal note : CTBN supported by parent company Valourec is a plus point as an exporter - usd revenue company, while SUNI will have competitve advantage for domestic market due to its TKDN advantage.

itungan PE CTBN tp entah napa beda ini si chat gpt. harusya masi PE 4-5x sesuai keystats (?)


________
$CTBN $SUNI $OIL $IHSG $BMRI

https://cutt.ly/GeKbPzAp

Citra Tubindo Tbk ($CTBN) berhasil mencatatkan kinerja keuangan yang gemilang hingga 30 September 2024. Perusahaan membukukan laba bersih sebesar USD18,46 juta, meningkat 59 persen dibandingkan periode yang sama tahun lalu yang hanya mencapai USD11,60 juta. Dengan hasil ini, laba per saham dasar naik menjadi USD0,023 dari sebelumnya USD0,015.

$ABMM ✍️🤝 $CTBN

Do Your Own Research Silahkan (Diriset Kembali)
#Yang Terbaik Jangan Gegabah
Terima Kasih Koreksinya 🎀
Tidak Menerima Debat, Debat Block Permanen 🚫⚠️🤭

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$CTBN $BRAM

Do Your Own Research Silahkan (Diriset Kembali)
Jangan Gegabah
Terima Kasih Koreksinya 🎀
Tidak Menerima Debat, Debat Block Permanen 🚫⚠️🤭

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$ITMG $BRAM $CTBN $PLIN $GGRM