KGI Securities is initiating coverage of Golden Energy and Resources (GEAR), the “fastest-growing coal producer in Asia”. 

In an Aug 25 note, KGI Securities analysts Chen Guangzhi and Joel Ng are starting the company on “outperform” with a target price of 64 cents, which represents an upside of 137%. 

GEAR is a diversified mining and natural resources investment company, write Chen and Ng. Having its roots as one of Indonesia’s largest coal miners, the group has since branched out into precious metals over the past four years. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook