2nd session on JCI 30.05.11
@ 3826.13 (-6.24pts)(-0.16%)
H: 3836.86 ; L: 3813.66
Value: 6.94 T (NG 4.07 B )
Volume: 425 M (NG 1.70 B )
(Incl. Crossing HRUM @9050~IDR 2.44T )
( TBIG@2200 ~ IDR 848 B )
( BMTR@ 750 ~ IDR 191 B )
Foreign Nett Buy: 9 B
USD/IDR: 8542
10 most active stocks by VALUE:
BMRI @ 7200 (+0.69%)
BUMI @ 3375 (0.00%)
BBRI @ 6400 (+2.40%)
EXCL @ 6300 (-0.78%)
PGAS @ 4050 (0.00%)
UNTR @ 22900 (+1.55%)
JAWA @ 495 (-1.00%)
ADRO @ 2375 (-1.04%)
ASII @ 59050 (-0.25%)
TLKM @ 7600 (-1.29%)
10 most active stocks by VOLUME:
BNBR @ 76 (-2.56%)
ENRG @ 188 (-1.05%)
BHIT @ 185 (+3.35%)
BULL-W @ 49 (+13.95%)
JAWA @ 495 (-1.00%)
DEWA @ 96 (-2.04%)
ENRG-W @ 50 (-3.84%)
UNSP @ 445 (-2.19%)
ELTY-W @ 30 (-6.25%)
TRUB raih kontrak pembangunan instalasi milik INCO
http://investasi.kontan.co.id/v2/read/1306753099/68914/TRUB-raih-kontrak-pembangunan-instalasi-milik-INCO
Laba bersih SIPD tumbuh 90% di kuartal I tahun ini
http://investasi.kontan.co.id/v2/read/1306751495/68911/Laba-bersih-SIPD-tumbuh-90-di-kuartal-I-tahun-ini
Buana Finance Raih Pinjaman Rp20 Miliar
http://pasarmodal.inilah.com/read/detail/1559582/buana-finance-raih-pinjaman-rp20-miliar
Bloomberg: Indonesia’s Monthly Coal Output Unchanged at 30 Million Tons
Bloomberg: Indonesia Stock Exchange to Stay Open on June 3 Holiday
Inilah 10 Top Foreign Sell Saham Senin (30/5)
http://pasarmodal.inilah.com/read/detail/1559232/inilah-10-top-foreign-sell-saham-senin-305
Inilah 10 Top Foreign Buy Saham Senin (30/5)
http://pasarmodal.inilah.com/read/detail/1559282/inilah-10-top-foreign-buy-saham-senin-305
ASII Belum Gunakan Pinjaman Sebesar US$145 Juta
http://pasarmodal.inilah.com/read/detail/1559372/asii-belum-gunakan-pinjaman-sebesar-us145-juta
Profit Taking Dera IHSG Awal Pekan. Net buy asing Rp10,7 miliar
http://pasarmodal.inilah.com/read/detail/1559112/profit-taking-dera-ihsg-awal-pekan
Profit Taking Saham Komoditas Bikin IHSG Menipis 6 Poin
http://www.detikfinance.com/read/2011/05/30/161055/1650205/6/profit-taking-saham-komoditas-bikin-ihsg-menipis-6-poin
BEI Harap Kapitalisasi Pasar Lebihi Singapura (rencana listing 9 emiten)
http://pasarmodal.inilah.com/read/detail/1558512/bei-harap-kapitalisasi-pasar-lebihi-singapura
Menteri Harap Semen Baturaja Bisa IPO Tahun Ini
http://pasarmodal.inilah.com/read/detail/1558722/menteri-harap-semen-baturaja-bisa-ipo-tahun-ini
Rupiah Masih Menguat ke Rp8.548 per USD
http://economy.okezone.com/read/2011/05/30/278/462585/rupiah-masih-menguat-ke-rp8-548-per-usd
Bank Mandiri salurkan KPEN-RP Rp 2,23 triliun hingga April 2011
http://keuangan.kontan.co.id/v2/read/1306746486/68899/Bank-Mandiri-salurkan-KPEN-RP-Rp-223-triliun-hingga-April-2011
Harga penawaran di bawah industri, rekomendasi buy untuk IPO Salim Ivomas
http://investasi.kontan.co.id/v2/read/1306742429/68885/Harga-penawaran-di-bawah-industri-rekomendasi-buy-untuk-IPO-Salim-Ivomas
Akhir Tahun IHSG Diprediksi Lampaui 4.000 Poin
http://www.investor.co.id/marketandcorporatenews/akhir-tahun-ihsg-diprediksi-lampaui-4000-poin/12998
Bank Indonesia to Conduct Limited Operations on June 3 Holiday
Palm Oil Falls as Much as 0.3% to 3,427 Ringgit a Metric Ton
UBS Comment on DOID Right issue
Rights issue announced
Raising Rp1.3trn in equity Delta Dunia (DOID) announced an equity rights issue, raising up to Rp 1.3trn or cUS$150m. New issuance is 1.53b number of shares, hence potential dilution is 18%. Every 500 old shares, is entitled of 79 to 112 shares. Exercise price range is between Rp850-Rp1200 ps. EGM approval is scheduled on 13 Jun 2011. Cum-rights issue date is on 20 Jun 2011. Main shareholder, Northstar Tambang Persada which owns 40%, stated that they will subscribe fully and underwrite the issuance. Lower gearing ratio ahead After the rights issue, DOID gearing ratios will improve. Based on FY2010 numbers, net debt to equity will improve from 44x to 4x while net debt to EBITDA will improve from 3x to 2.5x.
Top Pick Saham Pilihan CIMB (idx 4.370)
ASRI TP 380
BBKP TP 1.200
BMRI TP 9.300
BBTN TP 2.800
BORN TP 2.250
CTRA TP 460
GGRM TP 55.000
ITMG TP 60.900
INDF TP 6.200
HRUM TP 12.000
SGRO Outperform dr Netral
Telekomunikasi Indonesia (TLKM) berencana meningkatkan investasi hingga Rp 21 triliun hingga tahun 2015 guna membangun jaringan broadband di seluruh Indonesia.
Nusantara Infrastructure (META) mengikuti tender proyek air minum umbulan di Pasuruan, Jawa Timur. Nilai investasi proyek tersebut sebesar Rp 1.8triliun. Perseroan juga akan bersaing dengan Jasa Marga (JSMR).
Bumi Resources Mineral (BRMS) membukukan laba bersih Rp138miliar pada kuartal I/2011, turun 49% dibanding periode yang sama tahun lalu Rp271miliar. Penurunan ini dipicu oleh merosotnya produksi tembaga dan emas perusahaan asosiasi Newmont Nusa Tenggara.
Kalbe Farma (KLBF) mempertimbangkan untuk mengkaji ulang atas rencana pelepasan saham treasury stock sebanyak 780,9 juta atau setara 7,7% senilai Rp 2,5 triliun. Rencananya ditargetkan tahun ini atau tahun selanjutnya.
Bank Indonesia (BI) dan Badan Pusat Statistik (BPS) memproyeksikan sepanjang Mei 2011 masih terjadi deflasi, meski besarannya relatif kecil, yakni antara 0,1-0,2%. Harga-harga pangan cenderung turun menjadi kontribusi utama terjadinya deflasi di tengah kenaikan harga emas dan pertamax.
BUMI: 3,300-3,700. BUMI may announce its first quarter earnings TOMORROW (Tuesday), with net profit likely rising by 65% to $160 from $96.8 million a year earlier due to higher average selling price of its coal despite a slightly lower sales volume. It is now trading at a p/e ratio of 13X-16.4X 2011 prospective earnings (EPS between IDR206 and IDR266), compared with PTBA OF 16X, ADRO of 18X. 12-month target remains at IDR4,500 and may be upgraded to IDR8,000 should the company succeeds to repay debt to CIC by October and output rises to 80 million by next year. Best buy is at any levels below IDR2,400.
JTPE...Buy JTPE single digit pe cashcow business roe 63% kemungkinan bisa bagi dividen diatas 150 perak setara 10% Dividend Yield..
Bloomberg: Bumi Minerals Drops Most in Two Months After Net Income Falls
BLOOMBERG: *FITCH PLACES BANK MEGA'S RATINGS ON NEGATIVE WATCH
Telkomsel berencana tambah tiga direksi lagi
http://investasi.kontan.co.id/v2/read/1306738640/68869/Telkomsel-berencana-tambah-tiga-direksi-lagi
DHARMA HENWA'S (DEWA) PRELIMINARY NET PROFIT FOR THE FIRST FIVE MONTHS OF 2011 (JANUARY-MAY) ROSE TO $12.8 MILLION (IDR110 BILLION) (RPS IDR10) VS $8.6 MILLION (IDR66.22 BILLION) IN LOSS IN FIRST 5-MONTH OF 2010.
1st session on JCI 30.05.11
@ 3,829.655 (-2.723pts) (-0.071%)
H: 3,836.866 ; L: 3,820.035
Value: 3.97 T (NG 2.76 T )
Volume: 2.35 B (NG 835 M )
Foreign Nett Sell: 34 B
5 most active stocks by value:
BBRI @ 6,350 (+2.75%)
PGAS @ 4,075 (+0.62%)
UNTR @ 22,950 (+1.77%)
BMRI @ 7,200 (+0.70%)
JAWA @ 490 (-2.00%)
5 most active stocks by volume:
BNBR @ 76 (-2.56%)
BHIT @ 182 (+1.68%)
ENRG @ 187 (-1.58%)
JAWA @ 490 (-2.00%)
DEWA @ 96 (-2.04%)
5 most up:
SAIP @ 200 (+33.33%)
APLI @ 210 (+11.70%)
LAMI @ 225 (+9.76%)
MTFN @ 1,140 (+9.62%)
RODA @ 230 (+9.52%)
5 most down:
DPNS @ 500 (-12.28%)
INDS @ 3,450 (-4.83%)
BBLD @ 500 (-3.85%)
GIAA @ 510 (-3.77%)
AMAG @ 275 (-3.51%)
5 Leading Movers:
BBRI @ 6,350 (+2.88%)
UNTR @ 22,950 (+1.76%)
BMRI @ 7,200 (+1.36%)
PGAS @ 4,075 (+0.71%)
BBNI @ 3,875 (+0.54%)
5 Lagging Movers:
ADRO @ 2,350 (-1.88%)
TLKM @ 7,650 (-1.19%)
HRUM @ 9,300 (-0.79%)
ASII @ 59,050 (-0.71%)
BNII @ 590 (-0.65%)
Rgds,
Nadya Isnaeni Data administrator Research Dept BNI Securities
Sektor Tambang Bikin IHSG Keok
http://economy.okezone.com/read/2011/05/30/278/462428/sektor-tambang-bikin-ihsg-keok
Asing Jual, IHSG Sesi I Turun 0,07%. Net foreign sell sebesar Rp34,3 miliar
http://pasarmodal.inilah.com/read/detail/1558032/asing-jual-ihsg-sesi-i-turun-007
IHSG Terpeleset 2 Poin di Zona Merah
http://www.detikfinance.com/read/2011/05/30/121808/1649961/6/ihsg-terpeleset-2-poin-di-zona-merah
Sesi Dua: Tiga Sektor Masih Menarik
http://pasarmodal.inilah.com/read/detail/1558062/sesi-dua-tiga-sektor-masih-menarik
Mandiri Sekuritas Tangani 3 IPO Senilai US$600 Jt http://pasarmodal.inilah.com/read/detail/1557782/mandiri-sekuritas-tangani-3-ipo-senilai-us600-jt
OSK Nusadana Tangani 5 Penerbitan Obligasi
http://pasarmodal.inilah.com/read/detail/1557852/osk-nusadana-tangani-5-penerbitan-obligasi
Transaksi Nego Saham HRUM Senilai Rp1,2 Triliun
http://pasarmodal.inilah.com/read/detail/1557702/transaksi-nego-saham-hrum-senilai-rp12-triliun
Masih menjadi incaran, saham META terbang hingga 8% lebih
http://investasi.kontan.co.id/v2/read/1306730814/68852/Masih-menjadi-incaran-saham-META-terbang-hingga-8-lebih
MLBI akan bagikan dividen senilai Rp 21.279 per saham
http://investasi.kontan.co.id/v2/read/1306731950/68856/MLBI-akan-bagikan-dividen-senilai-Rp-21.279-per-saham
BLOOMBERG: *CHINA MAY DOUBLE THERMAL COAL IMPORTS TO 200M TONS, NOBLE SAYS. CHINA MAY DOUBLE THERMAL COAL IMPORTS BY 2015, NOBLE GROUP *AUSTRALIA MAY BOOST THERMAL COAL EXPORTS 3.5% THIS YR. INDONESIA MAY BOOST THERMAL COAL EXPORTS 7.6% THIS YEAR.
POLY MAY ANNOUNCE ITS 1Q EARNINGS TOMORROW.
POLY 1Q NET PROFIT MAY REACH IDR160 BILLION, OR ALMOST 50% OF 2010 NET PROFIT OF IDR335 BILLION. 2011 FULL YEAR NET PROFIT MAY RISE TO IDR 700 BILLION (EPS: IDR294) OR UP 109% FROM IDR335 BILLION AT THE END OF 2010. IT NOW TRADES AT P/E RATIO OF 1.5X 2011 EARNINGS. AT A DISCOUNTED P/E RATIO OF 6X, POLY MAY BE FAIRLY VALUED AT IDR1,764.
Kabarnya : BHIT: Perusahaan investasi besar asal Eropa berniat masuk dalam kepemilikan BHIT TP Rp 400. BHIT akan lepas 10% saham mnc sky vision melalui ipo semester II.
Indonesia Stock Movers: Bumi Resources Minerals, Harum Energy
http://www.bloomberg.com/news/2011-05-30/indonesia-stock-movers-bumi-resources-minerals-harum-energy.html
Bloomberg: Indonesia Allows Underground Mining in Forests, Minister Says
RUMORS: PERTAMINA IS IN TALKS WITH PT KONDUR INDONESIA TO BUY KONDUR'S 6.49% STAKE IN ENERGI MEGA PERKASA IN EFFORTS TO HAVE AN INDIRECT STAKE POSRTION IN MASELA RESERVES-RICH GAS AND OIL FIELD. THE PROPOSED STAKE PURCHASE OFFER IS AT 2.2 PBV. ENRG PBV IS NOW AT IDR143. (DISCLAIMER IS ON)
Golden Energy dan Atlas Resources Siap Melantai di Bursa
http://www.detikfinance.com/read/2011/05/30/112513/1649896/6/golden-energy-dan-atlas-resources-siap-melantai-di-bursa?f9911013
Siklus Waktu IHSG dalam Masa Penting!
http://pasarmodal.inilah.com/read/detail/1556882/siklus-waktu-ihsg-dalam-masa-penting
Transaksi pagi, saham BRMS terjungkal nyaris 3%
http://investasi.kontan.co.id/v2/read/1306726653/68831/Transaksi-pagi-saham-BRMS-terjungkal-nyaris-3
Berencana jual saham, HRUM tumbang 2,6% pagi ini
http://investasi.kontan.co.id/v2/read/1306725142/68826/Berencana-jual-saham-HRUM-tumbang-26-pagi-ini
Serasi Autoraya Tawarkan Obligasi Rp800 Miliar
http://economy.okezone.com/read/2011/05/30/278/462327/serasi-autoraya-tawarkan-obligasi-rp800-miliar
31 May 2011 Rups Dian Swastika, MBTO, Capitalinc Invest, ENRG, Cum Dev UNTR 270, Cum Dev Arna 15, Cum Dev AKRA 2
RAJAWALI GROUP MAY HAVE TO BUY THE REMAINING 4% STAKE, OR 5.5 BILLION SHARES, OF NUSANTARA INFRASTRUCTURE VIA THE OPEN MARKET, RUNNING AGAINST THE DEADLINE OF JUNE 10. IF THROUGH, META SHARE PRICE MAY BE AT THE AUTOREJECT POSITIONS FOR SEVERAL TIMES IN COMING SESSIONS.
Bloomberg: Adaro Indonesia Gets 10-Year, $750 Million Bank-Loan Agreement
Harum Energy Drops Most in Three Weeks After Share Sale Plan
Saham JAWA Dibuka Level Rp530/Lembar
http://pasarmodal.inilah.com/read/detail/1557452/saham-jawa-dibuka-level-rp530lembar
Inilah Strategi Trading HRUM, ADRO & BUMI
http://pasarmodal.inilah.com/read/detail/1556862/inilah-strategi-trading-hrum-adro-bumi
Buana Listya, Harum Energy, Jaya Agra: Indonesia Equity Preview
http://www.bloomberg.com/news/2011-05-30/buana-listya-harum-energy-jaya-agra-indonesia-equity-preview.html
Agenda 30 May 2011 Rups Asuransi Jasa Tania, Cum Dev HRUM 244, Cum Dev TURI 5, akhir perdagangan untr-r
Bloomberg: Serasi Autoraya to Sell as Much as 800 Billion Rupiah of Bonds
Bloomberg: HARUM ENERGY RAISED TO 'BUY' VS 'NEUTRAL' AT GOLDMAN SACHSHarum Energy PT Raised 30.8% to 11,900 Rupiah at Goldman Sachs
BLOOMBERG: *ADARO ENERGY RAISED TO 'NEUTRAL' VS 'SELL' AT GOLDMAN SACHS. ADARO ENERGY PRICE EST. RAISED 13.2% TO 2,150 RUPIAH AT GOLDMAN
BLOOMBERG: *BUMI RESOURCES KEPT AT 'SELL' AT GOLDMAN SACHS *BUMI RESOURCES PRICE EST. RAISED FROM 2,400 RUPIAH AT GOLDMAN. BUMI RESOURCES PRICE EST. RAISED TO 2,850 RUPIAH AT GOLDMAN
Bloomberg: Buana Listya Tama 1Q Profit Rises to 85.17 Billion Rupiah
Bloomberg: Jaya Agra Wattie to Invest 1.5 Trillion Rupiah, Daily Reports
JA Wattie (JAWA) will be listed in IDX today , they float 1.13bio shs of total listed 2.64bio sh, or 30pct of total sh after IPO) , JAWA will be the first Rubber plantation stock proxy in the region given its 65-70pct of revenue coming fr rubber although it also has CPO plantation . JAWA valuation is quite compelling , @ IPO price 500/sh its PER only around 9.8X vs CPO avg PER around 12-13X. Worth noting that rubber has much higher gross margin vs CPO, ie could be up to 400-450pct vs CPO's around 60pct . The growth of JAWA in the next few years will be supported the conversion of immature to mature plantation. Fyi most of the allocation went to foreign institution. The rest is local institution , retails get only a bit.
DJ Adaro Unit To Use Bank Loan For Capital Expenditure, Potential Acquisitions
*DJ Adaro Energy Unit Secures $750 Mln Bank Loan Facility
DGIK selesaikan wisma atlet Juli 2011
http://investasi.kontan.co.id/v2/read/1306716823/68810/DGIK-selesaikan-wisma-atlet-Juli-2011
Cek agenda penting di pasar Asia hari ini!
http://investasi.kontan.co.id/v2/read/1306715029/68807/Cek-agenda-penting-di-pasar-Asia-hari-ini
Harga minyak merangkak naik khawatir perekonomian global masih sulit
http://investasi.kontan.co.id/v2/read/1306558828/68775/Harga-minyak-merangkak-naik-khawatir-perekonomian-global-masih-sulit-
Belanja modal INDF Rp 2011 sepanjang Rp 5,2 triliun
http://investasi.kontan.co.id/v2/read/1306503664/68758/Belanja-modal-INDF-Rp-2011-sepanjang-Rp-52-triliun
Awal Pekan, Pilih Saham Unggulan
http://pasarmodal.inilah.com/read/detail/1554242/awal-pekan-pilih-saham-unggulan
JA Wattie Catatkan Saham dengan Kode JAWA
http://pasarmodal.inilah.com/read/detail/1556092/ja-wattie-catatkan-saham-dengan-kode-jawa
Inilah Pilihan Saham Senin (30/5)
http://pasarmodal.inilah.com/read/detail/1555992/inilah-pilihan-saham-senin-305
Sentimen Penggerak IHSG Pekan Ini
http://www.detikfinance.com/read/2011/05/30/072019/1649697/6/sentimen-penggerak-ihsg-pekan-ini
IHSG Masih Bisa Menguat!
http://economy.okezone.com/read/2011/05/30/278/462303/ihsg-masih-bisa-menguat
EXCL.JK : XL Axiata (EXCL) had been added into MSCI Index. Following this stocks addition, there is no deletions in MSCI. These enter (EXCL) each with a 0.05% of the MSCI EM index. "We estimate fund flows of US$ 79.7 million to XL Axiata respectively. This is estimated as 12.9 days average trading volume respectively,". This Stock (EXCL) impacted should be strong in the market today. All changes will be implemented as of the close of May 31, 2011 and all changes are effective on the June 1, 2011
Surya Citra Media
The big jump - by Erwan Teguh
(SCMA IJ / SCMA.JK, OUTPERFORM - Maintained, Rp4,950 - Tgt. Rp5,700, Media - Integrated)
We have a higher target price of Rp5,700 (from Rp5,100) for SCMA following our earnings upgrade, still DCF-based (WACC 13.5%, LTG 5%). Adspend continues its run from last year, growing 20% yoy in 1Q11, with growth in TV slightly outpacing the industry's. Strong advertising demand coupled with management's effectiveness in keeping opex in check should underpin another great year for SCMA. We raise our FY11-13 core earnings forecasts by 21-23% following the 1Q11 strength. SCMA remains attractive at an 8% P/E discount to the JCI. Catalysts are further rate hikes, the completion of its parent's acquisition of IDKM, and a second interim dividend possibly in 4Q11. The stock is still our top sector pick due to its lower risk profile and higher earnings-growth potential.
Rajawali di META - GROUP RAJAWALI akan membeli saham milik Bosowa.saat ini rajawali memiliki 23,6 pct saham meta dan eagle infrastructure sebesar 24.37.perlu di ketahui jika di total group rajawali memiliki lebih dari 47 pct di karenakan eagle tak lain adalah Rajawali itu sendiri. dalam seminggu ini lebih dari 1.600 lot telah berpindah tangan dlm negosiasi.jika transaksi ini benar, rajawali telah memiliki 29 pct saham Meta.jika kita adalah seorang investor sejati ,dengan nama besar RAJAWALI group,tak heran apabila saham ini akan terus mereka beli sehingga akan ada tender offer nantinya.group rajawali berikhtiar untk menjadikam Meta sbg pemain infrastrukture asia,bukan hanya jalan toll,pelabuhan dan jalur kereta api akan mereka garap.Kami rasa BOSOWA akan menjual sahamnya di Meta .di karenakan BOSOWA lebih ke arah trading company.Hanya dlm waktu 7 bulan harga pembelian rajawali meningkat 53% dari harga 140 ke harga 215.jadilah seorang investor sejati!!!!!!!!!
JAKARTA. PT Polychem Indonesia Tbk (ADMG) menargetkan pertumbuhan laba bersih mencapai 804% di sepanjang tahun ini. "Laba bersih 2011 diharapkan Rp 339 miliar," kata Richard I Tursadi, Corporate Secretary ADMG. Selama tahun lalu, ADMG mencatatkan laba bersih Rp 37,5 miliar. Menurut Richard, laba bersih bisa tercapai apabila penjualan ADMG meningkat dan beban perusahaan bisa ditekan. Perusahaan yang bergerak di industri kain ban ini menargetkan pendapatan bersih 2011 senilai Rp 4,5
triliun, atau naik 24% dari pendapatan 2010.
JAKARTA (Dow Jones)--Mining company PT Karunia Bara Perkasa is selling a 10% stake, or 270 million shares, in coal producer PT Harum Energy (HRUM.JK) to raise up to $301.7 million, according to a document seen by Dow Jones Newswires on Friday.Macquarie Capital Securities Indonesia is acting as the selling agent. Karunia Bara now own a 79.72% stake in Harum Energy.It is offering the shares at between IDR9,055 and IDR9,550 each, according to the document. Harum's shares ended up 3.2% Friday at IDR9,550. The bookbuilding for the stake sale will be completed Friday, the document said.The settlement date for the stake sale is June 2.
Star Petrochem to sell 2 bio shares in IPO
Indonesia's stock market regulator Bapepam-LK stated that it has processed at least 11 prospective issuers that will enter the market in this midyear. The last processed company, PT Star Petrochem Tbk, owned by Indonesia businessman Ronald Susilo, plans to release 2 billion shares and 98 million maximum warrants. PT Restyle Concept, Recapital Group subsidiary on design and property, postponed its IPO which originally scheduled in 2Q/2011 with PT Recapital Securities as the underwriter. In other development, cable manufacturer PT Kabelindo Murni Tbk plans to conduct rights issue this year to obtain extra capital and to increase its outstanding shares
Macro Pulse
Regional Macro Pulse: Mind the bumps - by Lee Heng Guie
Global recovery continues amid some nasty surprises in the past few months. We think these headwinds are likely to die down and will not be severe enough to halt the global momentum. We do not view the recent rout in commodity prices as a secular trend though risks are abound. Apr-May data showed a moderation in manufacturing and exports, reflecting the combined impact of high oil prices, Japan 's supply snag and policy tightening. We think that the soft patch will be short-lived. The underlying growth is more broad-based, with sustained private-led spending and non-tradable services demand driving a firmer growth in 2H11. Funds earmarked for Japan 's reconstruction is likely to be spent more quickly than anticipated, boosting demand for Asia 's goods. Supply chain disruptions should start to subside in 3Q11.
Dow. 12441.58. +38.82. +0.31%
Nasdaq. 2796.86. +13.94. +0.5%
S&P 500. 1331.10. +5.41. +0.41%
FTSE. 5938.87. +57.88. +0.98%
Dax. 7163.47. +49.38. +0.69%
CAC40. 3950.98. +33.76. +0.86%Oil. 100.59. +0.36. +0.36%
Gold. 1537.300. +13.600+0.89%
Rupiah. 8565
Euro. 1.4317
TLKM. 35.80.+0.31.+0.87% Rp 7666
ISAT. 30.13. -0.06. -0.20%. Rp 5161 Vallar. 1185. -5,00. -0,42%.
EIDO. 31.51.+0.20.+0.64%
Timah. 27110. +260
Nickel. 23050. +275
Corn. 758.500.+13.000+1.74%
SoybeanOil.58.610. -0.090. -0.15%
Wheat. 819.750.+5.250. +0.64%
CPOAgt 3438RM+22RM+0.64%$1136
Coal 27May 119.47 vs.116.80(20May)
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