🦧 best stock of the year

if only this were in my portfolio…

pt adaro minerals indonesia is the world's best performing stock this year, up over 1,100% as of writing

• the stock is #1 in the bloomberg world index (which includes over 2,800 tickers)

• that's way higher than #2 on the list – turkish airlines (up ~560% ytd)

what happened?

• adaro's shares debuted in early january this year in jakarta and soon rose more than 2,800% in just over three months

• the stock's general movements have been closely tied to global coal prices, up near 106%

fair fundamentals

• adaro's net profit rose ~480% in the first three quarters of the year, mainly due to much higher average selling price and increased coal sales volume

• price-to-book ratio is currently at around 9.4 which is its lowest since listing per bloomberg

  • the ratio is almost six times higher than its comparables (i.e. pt bukit asam, shanxi coking coal energy)

could this have more upside next year?

💡 something im thinking about

open ai projects that chat gpt will generate $1b in revenue by 2024 (click image)

that's all, folks 🐒

as always, i’m no financial advisor! (i’m no substitute for professional financial services)