Analisa Saham Indonesia (BUMI, PTBA, UNTR, ADRO, BYAN, TLKM, ITMG, BBNI)

Merrill Lynch Upgrade Indo coal stocks
Daisy Suryo upgrades Indonesian coal stocks as potential M&As in the sector and improving outlook could trigger sector re-rating. Her Buys are PTBA, UNTR, ADRO, and BYAN. PTBA - PO raised 86% to Rp14,900; UNTR - PO raised 25% to Rp12,500; ADRO - PO raised 72% to Rp1,480; BYAN - PO raised 135% to Rp4,357; BUMI - maintain Underperform as corporate governance risks has yet to be addressed, but the involvement of strategic investors could be potential game changer; Using similar assumptions, BUMI's valuation could go to Rp3,000.

The Jakarta Composite index will rise 6 percent to 2,000, after rallying 39 percent this year, said Cholis Baidowi, who helps oversee the equivalent of $244 million in Jakarta at Trimegah Securities, Indonesia’s largest publicly traded brokerage. ING Groep NV forecasts the rupiah to climb another 10 percent against the dollar in 2009, after advancing 7 percent.

Citigroup Inc. mengubah rekomendasi PT Telekomunikasi Indonesia Tbk (TLKM) dari tahan menjadi beli. Mereka menaikkan target harga TLKM dari semula Rp 6.900 menjadi Rp 8.200. Selain itu, Citigroup juga mengubah rekomendasi PT Indosat Tbk (ISAT) dari jual menjadi tahan. Citigroup menaikkan target harga ISAT dari Rp 4.400 menjadi Rp 5.600.Analis Citigroup Karen Ang dan Anand Ramachandran mengatakan, berkurangnya perang tarif dan membaiknya fundamental ekonomi Indonesia akan mengerek pendapatan kedua emiten telekomunikasi tersebut.

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