Thursday, April 21, 2011

Laporan & Rumor Saham Indonesia 21-04

Rekor Baru, IHSG Ditutup Naik ke Level 3.801,08
http://pasarmodal.inilah.com/read/detail/1442042/rekor-baru-ihsg-ditutup-naik-ke-level-380108

ASII dan BBNI bawa indeks kembali ke level 3.800 sore ini
http://investasi.kontan.co.id/v2/read/1303378549/65527/ASII-dan-BBNI-bawa-indeks-kembali-ke-level-3.800-sore-ini

Reli harga minyak picu saham BIPI melesat 18,6% hari ini
http://investasi.kontan.co.id/v2/read/1303379664/65529/Reli-harga-minyak-picu-saham-BIPI-melesat-186-hari-ini

Laba Naik 28%, Global Land Tak Bagi Dividen 
http://www.detikfinance.com/read/2011/04/21/164534/1623015/6/laba-naik-28-global-land-tak-bagi-dividen?f9911023

KIAS Bayar SAL Senilai Rp78 Miliar
http://pasarmodal.inilah.com/read/detail/1441232/kias-bayar-sal-senilai-rp78-miliar

Asiariver Ingin Segera Akuisisi Saham DGIK
http://pasarmodal.inilah.com/read/detail/1441712/asiariver-ingin-segera-akuisisi-saham-dgik

Naik Tipis 6 Poin, IHSG Cetak Rekor di 3.800
http://www.detikfinance.com/read/2011/04/21/160544/1622968/6/naik-tipis-6-poin-ihsg-cetak-rekor-di-3800

BLOOMBERG: *FITCH: STABLE OUTLOOK FOR INDONESIAN FINCOS
PT BANK MANDIRI (PERSERO) BB+/POSITIVE/B AT S&P
S&P UPGRADES BANK MANDIRI, CIMB NIAGA,, BANK DANAMON
PT BANK DANAMON INDONESIA TBK. BB/STABLE/B AT S&P

BLOOMBERG: BENAKAT PETROLEUM GAINS 17%, MOST SINCE MAY, IN JAKARTA TRADING

BLOOMBERG: INDIKA ENERGY SAID TO MARKET BONDS AT 6.875%-7.375% YIELD AREA
INDIKA ENERGY SAID TO MARKET 2018 DOLLAR BONDS TO INVESTORS

S&PBULLETIN: PT UNIFLORA PRIMA RATING UNAFFECTED BY BOND DELAY
S&P AFFIRMS PT DAVOMAS ABADI 'CCC+' RATINGS WITH NEG OUTLOOK

BLOOMBERG: INDONESIA CUTS MAY'S PALM OIL EXPORT TAX TO 17.5% FROM 22.5%

Aksi Ambil Untung, IHSG Sesi I Turun 3,4 Poin
http://pasarmodal.inilah.com/read/detail/1440982/aksi-ambil-untung-ihsg-sesi-i-turun-34-poin

Sesi Dua: Saham Bank & Tambang Masih Oke
http://pasarmodal.inilah.com/read/detail/1440952/sesi-dua-saham-bank-tambang-masih-oke

Kena Koreksi, IHSG Cuma Singgah Sebentar di 3.800
http://www.detikfinance.com/read/2011/04/21/120637/1622695/6/kena-koreksi-ihsg-cuma-singgah-sebentar-di-3800

Sesi I, sektor keuangan seret IHSG menjauh dari level 3.800
http://investasi.kontan.co.id/v2/read/1303363323/65487/Sesi-I-sektor-keuangan-seret-IHSG-menjauh-dari-level-3.800

Setoran Dividen Telkom 50-55% dari Laba 2010
http://economy.okezone.com/read/2011/04/21/278/448417/setoran-dividen-telkom-50-55-dari-laba-2010

AALI Alami Kenaikan Penjualan CPO hingga 27,3%
http://pasarmodal.inilah.com/read/detail/1440512/aali-alami-kenaikan-penjualan-cpo-hingga-273

Konsorsium ADHI Tembus Tender Pembangunan Gedung Baru DPR?
http://www.detikfinance.com/read/2011/04/21/091631/1622496/1014/konsorsium-adhi-tembus-tender-pembangunan-gedung-baru-dpr

Garap Proyek, TRUB Gandeng Grup Rajawali
http://pasarmodal.inilah.com/read/detail/1440052/garap-proyek-trub-gandeng-grup-rajawali

Pasar saham bullish, rupiah melesat ke level terkuat tujuh tahun
http://investasi.kontan.co.id/v2/read/1303357611/65473/Pasar-saham-bullish-rupiah-melesat-ke-level-terkuat-tujuh-tahun

Akuisisi perusahaan asuransi, saham BBCA cetak rekor tertinggi
http://investasi.kontan.co.id/v2/read/1303356703/65472/Akuisisi-perusahaan-asuransi-saham-BBCA-cetak-rekor-tertinggi

Bersiap bangun pabrik etilen, saham FPNI naik ke level tertinggi sebulan
http://investasi.kontan.co.id/v2/read/1303355363/65470/Bersiap-bangun-pabrik-etilen-saham-FPNI-naik-ke-level-tertinggi-sebulan

Survei: Pekan depan emas lanjut reli, level support di US$ 1.500
http://investasi.kontan.co.id/v2/read/1303346720/65461/Survei-Pekan-depan-emas-lanjut-reli-level-support-di-US-1.500

Dana asing selama April naik Rp 6 triliun
http://investasi.kontan.co.id/v2/read/1303345516/65459/Dana-asing-selama-April-naik-Rp-6-triliun

 BTEL MAY BE INCLUDED TO MSCI AND LQ 45

Laba bersih PT Astra Otoparts Tbk (AUTO) di QI-2011 turun Rp 19 miliar (6,81%) dibandingkan dengan periode yang sama tahun sebelumnya, dari Rp 278 miliar menjadi Rp 259 miliar.

BLOOMBERG: UNIFLORA PRIMA DELAYS DAVOMAS ACQUISITION PENDING FUND RAISING

Bloomberg: Bank Central Asia Acquires Transpacific Insurance, Bisnis Says

Bloomberg: Adaro Plans to Refinance Part of $1.6 Billion Debt, Bisnis Says

Bloomberg: Beiqi Foton May Build Plant in Indonesia, Bisnis Indonesia Says

Asian Stocks Rise to Highest in Six Weeks as U.S. Earnings Gain

Thursday Look Ahead: A Flood of Earnings & Jobless Claims Will Drive Market http://www.cnbc.com/id/42690753

Rumor koran: ADHI TP 1200 pendapatan diprediksi naik tajam; TRUB TP 100 Grup Rajawali kembali akan msk & mendptkan proyek PLTU di Jawa; DGIK TP 200 rencana private placement.

Kinerja emiten kinclong, Dow Jones melesat ke level tertinggi Juni 2008
http://investasi.kontan.co.id/v2/read/1303342480/65450/Kinerja-emiten-kinclong-Dow-Jones-melesat-ke-level-tertinggi-Juni-2008

Mantap! Indeks hari ini dipastikan akan tembus 3.800
http://investasi.kontan.co.id/v2/read/1303343363/65455/Mantap-Indeks-hari-ini-dipastikan-akan-tembus-3.800-

China's SSE Composite Index Opens Higher; Now Up 15 Points Or 0.51% To 3,022. Hong Kong's Hang Seng Index Opens Higher; Now Up 180 Points Or 0.75% To 24,076. Singapore's Straits Times Index Opens Higher; Now Up 11 Points To 3,176

Bloomberg: Thermal Coal to Beat Oil, Gas After Japan Quake: Energy Markets

Rubber in Tokyo Rebounds, Rising 0.5% to 427.8 Yen a Kilogram

Jakarta Stocks To Test Resistance At 3,800 Points
http://news.ino.com/headlines/?newsid=42020111918

Adaro, Bank Central Asia, Titan Kimia: Indonesia Equity Preview http://www.bloomberg.com/news/2011-04-21/adaro-bank-central-asia-titan-kimia-indonesia-equity-preview.html

PALM OIL FALLS AS MUCH AS 0.5% TO 3,300 RINGGIT A METRIC TON

Bank Central Asia Gains to Record After Acquisition Report

Titan Kimia Rises to One-Month High After Report on New Plant

Rupiah Advances to Seven-Year High as Risk Appetite Increases

Agenda 21 April 2011:: Cum Dev BDMN 119,83,  Forum ASEAN China Young Entrepreneurs Association (ACYEA) ke-3 akan berlangsung di Jakarta 19-23 April 2011. Rups KPIG

Trades of the Day...
Fundamentally:
CIMB mempertahankan rating Berlian Laju Tanker (BLTA) pada OUTPERFORM dengan target harga Rp495 atau 20% discount to SOP. Katalis positif akan datang dari listing dari Buana Listya (anak usaha) yang akan digunakan untuk mendanai pertumbuhan usaha melalui tender kontrak, tanpa mengorbankan 40% saham. Proses ini juga akan menurunkan gearing BLTA. Namun demikian listing pada 0.73-1.02x PBV berarti Buana akan dijual pada 27% discount to BV yang memberi negative valuation bagi BLTA. Katalis positif lainnya adalah perbaikan dari chemical shipping rate.

CIMB mempertahankan rating sektor perbankan pada OVERWEIGHT dengan top picks kami pada BBKP, BBTN, BDMN dan BMRI. Dengan commodity upcycle mendorong pertumbuhan kredit, tahun 2011 akan melampaui ekspektasi pasar yang memprediksi pertumbuhan 20-22%, dengan NIM yang kuat. Kinerja 1Q11 secara musiman memang melambat, namun tahun ini akan lebih baik. Perbankan juga sepertinya akan menunjukan perbedaan likuiditas yang mengecil karena peraturan reserve requirement baru.

Small Cap Monitor -   KIJA, Industrial township+power plant+dry port

PRESS DIGEST by REUTERS
- BRI SEES Q1 NET PROFIT AT 4 TRLN RPH
Lender Bank Rakyat Indonesia (BRI) expects net profit in the first quarter will reach around 4 trillion rupiah, up 85 percent compared to the same period last year, said Sofyan Basir, the bank’s CEO. (Investor Daily p.1)

- BCA ACQUIRES TRANSPACIFIC GENERAL INSURANCE
Indonesia’s biggest lender by market value Bank Central Asia (BCA) spent 40 billion rupiah to acquire an insurance company Transpacific General Insurance aiming to expand into insurance business, said the company’s deputy CEO Jahja Setiaatmadja, adding that it is currently submitting proposal to get approval from capital market supervisory agency. (Bisnis Indonesia p.5)

ADARO TO ACQUIRE THREE COAL MINES
Adaro Energy plans to acquire up to three coal mines in Central and South Kalimantan and South Sumatera this year, said Garibaldi Thohir, the company’s CEO. Andre J. Mamuaya, the company’s director added it is currently considering to acquire mine company Bhakti Energi Persada that owns mine concession in East Kalimantan with coal reserves in Bulungan block of up to 110 million tonnes and in Kutai Timur of up to 5.6 billion tonnes. (Kontan p.3 & Bisnis Indonesia p.f1)) 

- BAKRIE TELECOM TO ADD 500 BTS
Bakrie Telecom will spend $200 million on capital expenditure that will be used to build 500 base transceiver stations (BTS) to add its current 4,000 units, said Muhammad Danny Buldansyah, the company’s deputy CEO. (Investor Daily p.10)

PP WINS  GAS POWER PLANT CONTRACT
Construction firm Pembangunan Perumahan (PP) won BOOT (build, own, operate, and transfer) contract of gas power plant project worth $59 million in Talang Duku, South Sumatera, said Musyanif, the company’s CEO, adding that it has set up a joint venture with Bangun Energy resources, Navigat Energy, SCN Lavalin and General Electric. (Investor Daily p.15 & Kontan p.4)

PERHATIKAN:::MORNING MEETING INDY UNSP INDF ADHI MYOR

[Dow Jones] The HSI is up 0.7% at 24,068.36, supported by Wall Street gains, but any further gains may be capped ahead of the four-day Easter holiday starting from Friday, says KGI Asia COO Ben Kwong, as "investors prefer to stay sidelined ahead of Easter holiday." He expects the index in a 23,800-24,200 range for the session. Commodity stocks are higher as a weak U.S. dollar has led to rise in commodity prices; crude price strength supports shares of oil stocks

[Dow Jones] Indonesian shares are likely to rise, boosted by Wall Street's rally overnight and a stronger IDR, traders say. They expect the main index to hit a fresh record high and test the resistance level of 3830; it ended up 1.7% Wednesday at an all-time high of 3794.762. Sentiment is positive thanks to "benign inflation data for April and strong first-quarter corporate earnings. This could drive the main index higher," says a trader with a local securities firm. Still, she expects some profit-taking ahead of the long weekend. Indonesian markets will be closed Friday. Bank Mandiri (BMRI.JK) and car maker Astra (ASII.JK) may rise on hopes for higher dividend payouts

Resource Alam Indonesia: Opening the year strongly
KKGI reported its 1Q11 earnings of IDR82bn, (+66% q-o-q or +276% y-o-y), which is inline with our estimates. KKGI total coal production reached 846k tonnes in 1Q11, (+28% q-o-q) and already constitutes 23% of our FY2011f total figures. ASP for 1Q11 stood at USD50.3/tonne, a 3% q-o-q with rising trend. With each passing months, ASP continue to steadily rising as newly priced coal deliveries start to come on stream as reflected in monthly ASP. We remain optimistic that our FY2011f ASP of USD59/tonne is achievable with upside risk. Driven by higher sales volume as well as higher ASP, KKGI manage to deliver a 1Q11 net profit of IDR82bn, a 66% q-o-q jump and well on way to achieve our FY2011f figure of IDR422bn.

Global Equity Strategy
View From The Road: Tokyo
Global investing has become an increasingly detached profession. Given vast financial databases and instant news access, many key decisions are made thousands of miles away from the markets they impact. For those needing a little local colour, a phone call to a regionally based broker or analyst is easy enough.


Indonesian Telcos: 1Q11. Preview
1Q seasonally weak but Street missing FY11 EBITDA margin upside
• 1Q is seasonally the weakest quarter: We expect 1% QoQ growth in revenues for ISAT/EXCL while 9% for TLKM due to restatements in 4Q10. We expect 40-93% YoY growth (-12% to 38% QoQ) in 1Q11
recurring profit for Indonesian Telcos. Please see Figure 2 for revenue growth trends. EXCL is reporting 1Q11 results on 29-Apr-2011.
• Expect 8-11% upside to Street’s 2011 net estimates for Indonesian Telcos: We are 5% and 2% below the Street on 2011 revenues for TLKM and ISAT while 1% ahead for EXCL. Margin improvement /stability is our key call vs. the Street. We are 240-360bps ahead of the Street’s 2011 EBITDA margin forecasts. Please see Figure 1 below for EBITDA margin improvement trends.

Management guidance in line for ISAT, below JPM for EXCL:
ISAT’s guidance at 8-10% revenue growth is in line with our estimates. EXCL is guiding for 8-9% revenue growth vs. JPMe at 15%. 2011 capex is guided to remain largely flat as compared to 2010 for TLKM and
EXCL.
• Wireless ARPU decline to continue in 1Q11: We expect 7-14% YoY decline in wireless ARPU’s for Indonesian Telcos. OpEx/min is expected to decline by 20% and 11% for Telkomsel and ISAT while the declines for EXCL have stalled out. Fixed line revenues are expected to grow by 4% for TLKM while fixed line EBITDA is expected to increase by 27% YoY on improving margins.

Danareksa: Upgrade TP PTBA menjadi Rp 27.300, BUY
- Kami masih menyukai PTBA karena valuasinya yang menarik yaitu dengan P/E FY11-12F sebesar 13,5-11,8x dan prospek pertumbuhan jangka panjang yang bagus dengan adanya penyelesaian 2 railway baru. Lebih jauh, kami juga memasukkan kenaikan harga untuk pengiriman batubara kepada PLN sehingga mengangkat estimasi EPS kami untuk FY11-12F sebesar 16,5-11,6%. Rekomendasi BUY tetap kami pertahankan dengan menaikkan TP menjadi Rp 27.300, yang mengimplikasikan P/E FY11-12F sebesar 16,6-14,5x.

BUMI PLC VIA ITS INDONESIAN UNIT BUMI RESOURCES MAY BUY A 18.31% STAKE IN DEWA FROM ZURICH ASSET INTERNATIONAL LTD. AT 1.0X BOOK VALUE (IDR173). BUMI HAS TO COMPETE WITH SINGAPORE GIC  WHICH HAS ALSO EXPRESSED INTEREST TO BUY THE COMPANY. (rumors; disclaimer is heavily on)

No comments:

Post a Comment

Kalender Ekonomi & Event


Live Economic Calendar Powered by Forexpros - The Leading Financial Portal