JAKARTA - Indeks52 is once again listing PT Bayan Resources Tbk (BYAN) as one of its constituents following an annual evaluation towards its criteria. This issuer is placed in four categories of Indeks52: Main Index, High Growth, High Dividend, and Big Market Cap.

Based on IDNFinancials data, this company is at the top among other coal mining companies listed in Indeks52 in terms of market capitalisation. The criteria assessed in this index include market cap, compound annual growth rate (CAGR), dividend yield, number of shareholders of minimum 3,000 shareholders, average transaction volume and frequency, as well as minimum free float of 7.5% of total shares listed in the stock exchange.

BYAN reported market cap of IDR 633.33 trillion in March 2024. The number of shareholders clocks up to 3,377, while free float rate was reported at 21.37% out of 33.33 billion of its shares. The ultimate beneficial owner of BYAN is known to be Dato' DR. Low Tuck Kwong.

For the fiscal year (FY) 2023, total dividend to shareholders was recorded to USD 300 million, with net profit of USD 1.23 billion, unrestricted retained earnings of USD 1.75 billion, and total equity of USD 1.98 billion.

Coal sales to third parties were reported at USD 3.90 billion in 2023, contrasting with sales to related partiesthat only reached USD 181.47 million, while the non-coal segment brought in USD 9.23 million.

The customer with over 10% of contribution to total revenue was China National Machinery Import and Export Corporation, bringing in USD 269.81 million, while export sales to related parties were reported at USD 69.81 million.

Indeks52 was launched to the public on June 23, 2023, right during the 52nd anniversary of Majalah Tempo. Indeks52 designed by Tempo and IDNFinancials is expected to be an alternative reference for potential investors, helping them to collect the best stocks in the capital market. (LK/ZH)