Since the beginning of the year, Delta Dunia Makmur shares have risen 22%.

On Tuesday, January 16, 2018, PT Delta Dunia Makmur Tbk's share price closed down 2.78 percent to Rp 875 per share from the previous day's closing price. However, the issuer, with the trading code DOID, still recorded a 22.38 percent increase from its year-end 2017 position of Rp 715 per share.

Bloomberg data shows that, based on technical analysis using the 15-day Relative Strength Index (RSI) indicator, DOID shares remain in neutral territory, at 58.94 points on a scale of 0-100, and are still far from the overbought level of 70. Meanwhile, based on Pivot Point analysis, Delta Dunia's share price movement will range from Rp 810 to Rp 955 per share.

For information, the mining company's profit for the January-September 2017 period grew by 24 percent to US$ 31.43 million, or the equivalent of Rp 418 billion, compared to the same period the previous year. From a fundamental perspective, the Price-to-Earnings Ratio (PER) is 12.89 times. This figure is lower than several other coal sector issuers such as Harum Energy (14.14 times), Toba Bara Sejahtera (22.02 times), and the sector average (15.36 times). However, it is higher than the PER of Adaro Energy (10.54 times), and Indo Tambangraya (9.07 times). Meanwhile, DOID's Price-to-Book Value (PBV) ratio reached 3.41 times, which is higher than the sector average of 3.08 times.