EARNINGS: Saka Energi Q1’21 Revenue $46.7M, Down 39% YoY

Our Asia Core Credit team has been closely covering Indonesian energy company Saka Energi. The company’s Q1’21 financial disclosures confirms our earlier scoop on the company’s intent to prepare a sinking fund for its $625 million 4.45% senior notes due 2024. The company has also guided operational improvements that are converging or in some instances, outperforming Reorg’s conservative valuation model that we published on May 25. Click through to read more or request a trial to Reorg’s Asia coverage: https://reorg.com/earnings-saka-energi-q121-revenue-46-7m-down-39-yoy/