Sindonews.com -PT Indonesia Tbk Effects Rating (Pefindo) sets ratings for PT Timah Tbk idAA (TINS). As for the prospects of the ratings is stable.
Pefindo, analyst Haryo Koconegoro said, the ratings reflect the position of the company that owns the production costs are relatively efficient because of the company's operations are integrated.
"Moreover, the level of debt is a very conservative yield protection and a strong cash flow," he said in his statement in Jakarta, Thursday (7/3/2013).
However, according to the rankings, limited Haryo rampant mining practices and lead the wild price volatility in world commodity markets. Tin plate products contributes towards achieving the company's sales of 91,7% throughout the first nine months of last year.
Tin TINS was the mining company red plates with main products of Tin plate. As of the end of September 2012, the company's majority stake or reach 65 percent Government-owned, while the rest is about 35 percent owned by the public.
(rna)Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
Rating: 100% based on 99998 ratings. 5 user reviews.
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