Laporan & Rumor Saham Indonesia 25-04

Analis: hati-hati! Periode Mei-September, pasar terancam terkoreksi hingga 20%
http://investasi.kontan.co.id/v2/read/1303709556/65645/Analis-hati-hati-Periode-Mei-September-pasar-terancam-terkoreksi-hingga-20

Kehilangan 12 Poin, IHSG Tinggalkan Level 3.800 
http://www.detikfinance.com/read/2011/04/25/160649/1624856/6/kehilangan-12-poin-ihsg-tinggalkan-level-3800

Investor Lokal Menepi, IHSG Ditutup Turun 0,32%
http://pasarmodal.inilah.com/read/detail/1450952/investor-lokal-menepi-ihsg-ditutup-turun-032

Asing paling banyak melepas saham TLKM di sesi sore
http://investasi.kontan.co.id/v2/read/1303723260/65682/Asing-paling-banyak-melepas-saham-TLKM-di-sesi-sore

Tidak dapat tawaran harga bagus, BIPI batal lepas saham ELSA
http://investasi.kontan.co.id/v2/read/1303715067/65656/BIPI-batal-lepas-saham-ELSA

Dikabarkan bakal bagi dividen, saham TRST melaju ke level tertinggi 19 tahun
http://investasi.kontan.co.id/v2/read/1303714132/65653/Dikabarkan-bakal-bagi-dividen-saham-TRST-melaju-ke-level-tertinggi-19-tahun

EXCL bagikan dividen Rp 107 per saham
http://investasi.kontan.co.id/v2/read/1303709913/65646/EXCL-bagikan-dividen-Rp-107-per-saham

Outlook kinerja positif, saham SMGR bergerak optimis
http://investasi.kontan.co.id/v2/read/1303705339/65627/Outlook-kinerja-positif-saham-SMGR-bergerak-optimis

Saham ASII tergerus seiring outlook penurunan penjualan perusahaan
http://investasi.kontan.co.id/v2/read/1303705032/65625/Saham-ASII-tergerus-seiring-outlook-penurunan-penjualan-perusahaan

JAKARTA - PT Astra Graphia Tbk (ASGR) membukukan laba bersih pada kuartal I-2011 sebesar Rp 22 miliar atau naik Rp 22,2% dibanding periode yang sama tahun sebelumnya sebesar Rp 18 miliar.

UNIFLORA REMAINS COMMITTED TO BUY A MAJORITY STAKE IN DAVO AT IDR108/SHARE; UNIFLORA TO GET FINANCING SCHEME FROM A EUROPEAN CACAO COMPANY.

REMINDER::Elnusa (HOLD) - Aiming for improvement
Elnusa’s FY10 net profit declined by 86% y/y to Rp64b, while revenue was up by 15% y/y to Rp4,211b. We had anticipated the lower FY10 net profit. Management expects FY11 revenue to grow by 31% y/y to Rp5.5t, supported by capex of US$100m. It also expects margin recovery, when Elnusa changes its business model from a Joint Operating Scheme to a JV in Marine Seismic, in which the company owns a 51%-stake. We set the new TP at Rp330 (pegging the stock at 16.8x 2011 P/E). Our TP is close to the current price. Hence we maintain our HOLD recommendation. (kim eng/zp)

Bloomberg: Astra Drops, Biggest Index Mover, After Toyota Output Estimate

Bloomberg: Toyota Astra Finance Plans Bond Sale in May or June: Trimegah

BLOOMBERG: MARUBENI WINS ORDER TO EXPAND INDONESIAN POWER PLANT

Bloomberg: Trias Sentosa Advances to 19-Year High After Report on Dividend.

Bloomberg: Elnusa Drops Most in Three Months as Finance Director Suspended

Bloomberg: Benakat Drops Elnusa Stake-Sale Plan, Director Ganinduto Says

Profit Taking, IHSG Sesi I Ditutup Turun 0,16%
http://pasarmodal.inilah.com/read/detail/1450082/profit-taking-ihsg-sesi-i-ditutup-turun-016

Fluktuatif, IHSG Terpangkas 10 Poin
http://www.detikfinance.com/read/2011/04/25/120727/1624557/6/fluktuatif-ihsg-terpangkas-10-poin

:::: Jadwal Pembagian Deviden :::::
Kode Saham, Cum-date, Ex-date, Keterangan

BDMN Dividend 21-Apr-11 25-Apr-11 Rp119,83 per saham
NIKL Dividend 27-Apr-11 28-Apr-11 Rp10 per saham
TRIO Dividend 6-May-11 9-May-11 Rp15 per saham
INTA Dividend 9-May-11 10-May-11 Rp56 per saham
EXCL Dividend 11-May-11 12-May-11 Rp107 per saham
SMCB Dividend 11-May-11 12-May-11 Rp23 per saham
LPGI Dividend 12-May-11 13-May-11 Rp112 per saham
BPFI Dividend 12-May-11 13-May-11 Rp10 per saham

Rencana pembagian dividen smgr 40% dr nilai buku 2010. Sebesar rp 245.5 per share.

Adaro (ADRO) :
• Diberitakan bahwa ADRO membatalkan rencana turut proyek rel kereta api di Kalimantan Tengah dengannilai investasi sebesar US$ 2,2 miliar. Hal ini dilakukankarena belum ada kejelasan dari Pemerintah Daerah Kalimantan Tengah dan Bappenas mengenai kelanjutanproyek tersebut.
• Saat ini ADRO juga sedang menunggu kejelasan proyekpembangunan power plant PLTU 2x100 megawatt di Kalimantan Tengah dengan nilai investasi sekitarUS$ 350 juta. Sedangkan untuk kedepannya ADRO tengah mengikuti proses tender pembangunan PLTU berkapasitas 2x100 megawatt di Jawa Tengah dengannilai investasi sekitar US$ 3,5 miliar.-
(Batavia Prosperindo - Disclaimer On)

Semen Gresik (SMGR) :
• Diberitakan bahwa SMGR memperkirakan laba bersih Q1-11 akan naik 10% y-o-y menjadi Rp882 miliar.
Kenaikkan tersebut ditopang oleh peningkatan penjualan semen sebesar 7-8% sedangkan untuk pendapatan perseroan diperkirakan tumbuh di angka belasan persen.
• SMGR mengusulkan penurunan dividen untuk tahunbuku 2010 menjadi 40% dari rencana semula sebesar50%, namun keputusan akan menunggu hasil RUPS.Tahun lalu SMGR membukukan laba bersih Rp3,6 triliundan pada 14 Januari 2011 SMGR telah membagikan dividen interim sebesar Rp58 per saham atau 9,56%dari laba bersih 2010.

Laba Bersih ADES 2010 Menguat 94%.

PT Akhasa Wira International Tbk (ADES) sepanjang tahun 2010 mencatatkan penjualan bersih senilai RP218,75 milyar atau melonjak 62,7 persen dibandingkan tahun 2009 sejumlah Rp134,44 milyar. Kinerja operasional perseroan terbilang topcer dimana laba kotor juga mencetak hasil positif dengan peningkatan 66,4 persen menjadi Rp80,50 milyar dari Rp48,38 milyar. Bahkan posisi laba usaha menggelembung lebih dari enam kali lipat menjadi Rp28,32 milyar dari Rp4,63 milyar. Walau pendapatan lain-lain bersih konsolidasi tahun 2010 berkurang menjadi Rp5,22 milyar akan tetapi laba bersih per 31 Desember 2010 melesat 94,0 persen menjadi Rp31,66 milyar dari Rp16,32 milyar per 31 Desember 2009.

Rumor: Rencana pembagian dividen smgr 40% dr nilai buku 2010. Sebesar rp 245.5 per share (disc on)

PERTAMINA IS EYEING A STAKE IN ENERGI MEGA; TALKS ARE UNDERWAY
Last message received on 4/25 at 11:03 AM

BLOOMBERG: UNITED TRACTORS' MARCH HEAVY EQUIPMENT SALES RISE TO 789 UNITS
Bloomberg: Rupiah Trades Near Seven-Year High as U.S. May Hold Policy Rate

CTRA : ada kabar perseroan yang mendapatkan proyek pembangunan hunian di Tiongkok. Proyek ini akan mulai dibangun pada Semester I-2011, dengan target penjualan Rp2 triliun. Selain itu, perseroan juga berencana menerbitkan obligasi guna mendukung rencana ekspansi.

Jakarta - Fund manager asing dikabarkan tengah mengakumulasi saham PT Davomas Abadi Tbk (DAVO). Menyusul rencana perseroan untuk membangun pabrik pengolahan coklat terpadu terbesar di dunia.

DAVO kini tengah bernegosiasi dengan asosiasi coklat Eropa untuk merealisasikan rencana itu. EzyDeal Info ( Disclaimer On ): PT Dynaplast Tbk (DYNA) yang berencana untuk go private (delisting) dari Bursa Efek Indonesia (BEI) melakukan harga penawaran sebesar Rp4.500 per saham dalam penawaran tender.

Top Idea
Petroleum distribution
AKR Corporindo ‐ In a sweet spot - AKR Corporindo indicated strong 1Q11 revenue. Petroleum distribution sales surged by 93% y/y to above 500,000 KL while chemical distribution sales grew 15% y/y to 300,000 MT. In addition, ASP saw an increase – up 27% y/y to Rp6,829 per litre for petroleum distribution and 13% y/y to p1,935/kg for chemical distribution. - With the strong cash proceeds from its divestment of Sorini, AKR has settled short‐term debt to the tune of Rp533b. (kim eng/zp)Bookmark

Fundamentally:
CIMB mengunjungi Jaya Real Property (JRPT) minggu lalu. JRPT adalah anak usaha Pembangunan Jaya dengan projek utama di Puri, Bintaro, Slipi Jaya dan Senen. Emiten ini merupakan salah satu perusahaan properti nasional yang bertumbuh dengan konsisten, 3yr CAGR di 34% dengan return tinggi. ROCE FY10 sebesar 20% (#1) sementara laba inti (#5), market cap (#11). Emiten ini berniat untuk menambah recurring income untuk memanfaatkan rencana koneksi jalan tol di Jakarta. Para pemegang saham sepertinya juga buy and hold sehingga likuiditas saham ini sangat rendah. Valuasi kami mengatakan bahwa JRPT sekitar 60% discount to RNAV.

[Dow Jones] Nymex crude is likely to continue trading with an upward bias after hitting a nine-session high of $113.07 this morning, Dow Jones technical analysis shows. The daily continuation chart is positive-biased as the MACD & stochastic indicators are bullish, while the five- & 15-day moving averages are rising. Resistance is at $113.46 (31-month high set April 11); a breach would expose the upside to $118.82 (projected top of the ascending channel formed with the Feb. 12, 2009 low of $33.55 and the June 11, 2009 high of $73.23).

*Malaysia Ringgit Rises Further; US Dollar Now At MYR2.9950

[Dow Jones] BMD CPO futures may extend Friday's gains, with the market tipped to open MYR5-MYR20 higher on technical buying interest. The market may rise to a key resistance level of MYR3,400/ton today, says a broker in Kuala Lumpur. But it could cave under pressure from rising production and stock levels as well as a likely rise in palm oil purchases from Indonesia after the top producer cut its CPO export tax in May.

[Dow Jones] China shares are down on profit taking after the Shanghai Composite Index's gains since early this year (the index has risen 7.2% since the start of 2011). The Shanghai index is down 0.7% at 2988.89, and is tipped to find support at 2950. "The securities investment funds have invested around 85% of their money into the stock market, so you can't expect additional buying from the funds," says China Securities Information analyst Zhuo Xiangyu

REMINDER::Agenda 27 April 2011 Rups DYNA, MNCN, BMTR, HRUM, BNLI, AUTO (stocksplit dn dev), Cum Dev NIKL 10
REMINDER::: Tgl 02 May 2011 Cum Dev INCO $0.0146

Bumi Resoruces (BUMI-BUY-IDR3,350-TP:IDR4,200)
Still hot
45% contracted = Substantial upside from coal prices; BUY
We expect Bumi Resources (BUMI) to experience 44% y-y net profit growth backed by 9% y-y increase in production volumes to 66m tons, and 14.3% y-y increase in average selling prices (ASP) to USD81.2/ton, in line with the company’s new guidance of USD80-85/ton. Currently, BUMI is 45% (28m tons) contracted on volumes and price, implying substantial upside assuming coal prices remain strong throughout 2011.  Our sensitivity analysis shows that every USD5/ton change in the coal benchmark price would impact our 2011 earnings by 10%. With high oil prices supporting coal prices, we maintain BUY with IDR4,200/share TP.   (Bahana / DX)

*DJ Indika Energy Plans To Sell 7-Year Global Dollar Bond At Around 7.00% - Sou
*DJ Indonesia Fin Min: 2012 Budget Deficit May Be 1.4% Of GDP
*DJ Citigroup, Goldman Sachs, Standard Chartered, UBS Are Bookrunners On Indika

REMINDER:::28 April 2011 Rups BBRI,BHIT, BCAP, ASGR, ADMF, DLTA, IATA, BWPT, Jkt Setiabudi, Malindo Feedmill, Megapolitan Dev,   Chinese Prime Minister Hu Jin Tao is visiting Indonesia From April 28. This may include China's focus to get more Indonesian coal and other commodities. The visit could also pave a way to renew talks on possible partnership in Kimia Farma…,  Dep Perdagangan AS Akan merilis estimasi pertumbuhan PDB AS Q1

(Dow Jones)--Indonesia's 2012 budget deficit may amount to the equivalent to 1.4% of the nation's gross domestic product, compared with 1.8% or around IDR127 trillion ($14.7 billion) in 2011, Finance Minister Agus Martowardojo told reporters Monday. "The budget deficit for next year, however, could still increase to around 1.6% as spending for the development of infrastructure will still be higher  (than in 2011)," Martowardojo said. He didn't give any other details.   By Farida Husna, Dow Jones Newswires;JAKARTA.

Kasus pembobolan rekening PT Elnusa Tbk (ELSA) menumbangkan saham ELSA di perdagangan awal pekan ini.Saham emiten yang bergerak di sektor pertambangan ini bahkan sempat menempati posisi tiga besar top losers saat anjlok 4,8% ke level Rp 295 per saham, pada pembukaan perdagangan pagi ini. Adapun, hingga pukul 10.12 WIB, saham ELSA masih terkoreksi 3,23% ke Rp 300 per saham. Tertekannya saham ELSA dipicu sentimen negatif di mana deposito berjangka milik PT Elnusa Tbk (ELSA) sebesar Rp 111 miliar yang di tempatkan di PT Bank Mega Tbk (MEGA) telah cair tanpa sepengetahuan manajemen ELSA.[ Dupla Kartini ] KONTAN Mon, 25 Apr 2011 ( 10:20:06 WIB )

SINGAPORE (Dow Jones)--Indo Energy Finance B.V., a fully owned unit of PT Indika Energy (INDY.JK), plans to sell a seven-year global dollar bond to yield around 7.00%, a person familiar with the proposed deal said Monday. Citigroup, Goldman Sachs, Standard Chartered and UBS are bookrunners on the planned bond, which would be callable after four years, the person said. The proposed bonds are rated B1 by Moody's Investors Service and B+ by Fitch Ratings, the person added.  
-By Natasha Brereton, Dow Jones Newswires; +65-6415-4044; natasha.brereton@dowjones.com  

REMINDER::26 APRIL 2011 HEARD ON STREET: ASIA RIVER HAS SIGNED CONDITIONAL SALE AND PURCHASGE AGREEMENT WITH PT LOKASINDO ADITAMA TO BUY 22.5% STAKE IN DUTA GRAHA INDAH (DGIK) FOR IDR260 BILLION OR IDR201/SHARE. OFFICIAL ANNOUNCEMENT WILL BE MADE TUESDAY.

Jakarta - PT Dynaplast Tbk (DYNA) untuk delisting alias go private dari lantai Bursa Efek Indonesia (BEI). Atas rencana itu, perseoran akan melangsungkan tender offer dengan harga penawaran Rp 4.500 per lembar.

Seperti dikutip dari prospektus ringkas perseroan yang dipublikasikan di Jakarta, Senin (25/4/2011), harga penawaran itu 20% lebih tinggi (premium) dari harga perdagangan tertinggi di pasar modal dalam jangka waktu 90 hari terakhir sebelum pengumuman rencana go private pada 25 Maret 2011. Bloomberg memprediksi The Federal Reserves akan menjaga target suku bunganya di antara 0% hingga 0,25%, pada pertemuan 27 April mendatang.