Golden Energy & Resources (GEAR) is among the 10 stock picks for 2017 featured in the current edition of The Edge Singapore.

Golden Energy & Resources

Share price: 
49 c

Target price: 
95 c
(Source: KGI Securities)

The weekly said at 49 cents a share, the coal miner's market value is around US$1 per tonne of its reserves.

This is a steep discount of more than 50% compared with companies such as Adaro Energy, Bayan Resources and Geo Energy Resources. 

The article also noted that GEAR is currently debt-free but could make a big acquisition.

The Sinar Mas Group, the controlling shareholder of GEAR, has an agreement to offer Berau Coal Energy to GEAR. 

For more on this stock and the other 9, buy a copy of The Edge at the newsstands for $5.

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