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Cikarang Listrindo Tbk PT (POWR)

Currency in IDR

POWR Comments

Big fan of POWR. I expect 2 dividends in 2020 at 7%+ each for a total return of around double the risk free rate in Indonesia.
POWR dividend on June 2021 was around 5% and now the interim dividend on November 2021 is 3,7% so it's safe to say POWR dividend yield this year is 8-9%
Maybe discuss with your broker or see if it is available on you, or another platform, bear in mind that you will also wear some risk due to investing in the Indonesian Rupiah - as from a long-term chart you can see has been steadily weakening vs the USD over the previous 20+ years. Also, their input costs (mostly natural gas and to a lesser degree coal) are ikely to rise given the post-covid spikes in energy prices. But, their cost of production is significantly less than the dominant power company in Indonesia and they seem well placed to benefit from any inflows of manufacturers exiting China. They seem like a solid Company with highly reliable income.
I would call that a win. Pretty solid, despite a COVID related drop in income in 2020.
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