Today Stock Analyst Discusses Subsidies for Biodiesel
Besides, the subsidy for biodiesel program has continued to soar from Rp 2,900/liter in the beginning of this year to Rp 5,500/liter in May. As a result, the Management Agency for Palm Oil Plantation Fund (BPDPKS) has to prepare alternative strategies for searching additional fund if there is any deficit.
In the meantime, the palm oil fund that has been collected is around Rp 15.87 trillion (including the palm oil fund collection projection this year Rp 9.5 trillion) which is estimated to only be enough for subsidizing the biodiesel for 8-10 months.
It is estimated that the decline of crude oil price by US$ 1 per barrel can increase the additional need for biodiesel subsidy fund by around Rp 350 billion. In the meantime, the increase of crude palm oil (CPO) by US$ 1/ton requires an additional fund of around Rp 38 billion.
Up to now, the oil price is in the increasing trend but the crude palm oil price is also in the increasing trend so it is feared that the subsidy will continue to soar.
“The issuer that will be affected the most by the implementation of the biodiesel program is AKRA because the issuer is one of the main vendors for subsidized fuel,” HP Analytics wrote in its research that was received today, Wednesday (4/5/2016).
Editor : Linda Teti Silitonga
http://market.bisnis.com/read/20160504/191/544517/hari-ini-analis-saham-bahas-subsidi-untuk-biodiesel