Aksi Beli Selektif Dorong IHSG Menguat 39 Poin
http://finance.detik.com/read/2011/09/28/160700/1732530/6/aksi-beli-selektif-dorong-ihsg-menguat-39-poin
Net Buy Asing, IHSG Lanjutkan Apresiasi
http://pasarmodal.inilah.com/read/detail/1779400/net-buy-asing-ihsg-lanjutkan-apresiasi
ASII, BMRI dan BBRI sokong indeks hingga mendarat di zona hijau
http://investasi.kontan.co.id/v2/read/1317202564/78566/ASII-BMRI-dan-BBRI-sokong-indeks-hingga-mendarat-di-zona-hijau
Akhir September, Dana Keluar dari Bursa US$1,7 M
http://pasarmodal.inilah.com/read/detail/1779381/akhir-september-dana-keluar-dari-bursa-us17-m
Adaro Tambah Saham di Bhakti Energy
http://finance.detik.com/read/2011/09/28/162632/1732544/6/adaro-tambah-saham-di-bhakti-energy
Bapepam Minta Investor Institusi Tetap di Bursa
http://pasarmodal.inilah.com/read/detail/1779419/bapepam-minta-investor-institusi-tetap-di-bursa
AEI Harapkan Insentif Pajak
http://pasarmodal.inilah.com/read/detail/1779374/aei-harapkan-insentif-pajak
Wow! Yen Naik Jadi Safe Haven Baru
http://pasarmodal.inilah.com/read/detail/1779341/wow-yen-naik-jadi-safe-haven-baru
Agustus 2011, produksi cooking coal BORN capai 2 juta ton
http://investasi.kontan.co.id/v2/read/1317200390/78560/Agustus-2011-produksi-cooking-coal-BORN-capai-2-juta-ton
BRPT yakin kuasi reorganisasi bisa dilakukan akhir 2011
http://investasi.kontan.co.id/v2/read/1317197568/78556/BRPT-yakin-kuasi-reorganisasi-bisa-dilakukan-akhir-2011
BLOOMBERG: * SEMEN GRESIK EXPECTS 2013 OUTPUT CAPACITY TO RISE TO 26.2M TONS. *SEMEN GRESIK MAY SELL UP TO $500M OF BONDS LATE NEXT YEAR
Jakarta - Dana keluar dari pasar saham diperkirakan mencapai US$1,7 miliar sejak Agustus hingga menjelang akhir September 2011. Hal itu disampaikan Head of Indonesia Research Citi Indonesia, Ferry Wong saat halal bi halal Asosiasi Emiten Indonesia (AEI), Rabu (28/9). "Dana keluar mencapai US$1,7 miliar dalam dua bulan terakhir sementara pasar obligasi yang keluar sekitar US$3,5 miliar," ujar Ferry. Ferry mengatakan, saat ini kepanikan di pasar sudah mulai mereda. Bank Indonesia telah melakukan intervensi terhadap nilai tukar mata uang asing. Hal itu memberikan sentimen positif ke bursa saham. "Bank sentral juga sudah menurunkan volatilitas di forex,bila forex stabil maka pasar modal dan uang akan kembali," kata Ferry.
Indonesia ‘Informally’ Asks Funds Not Sell Shares, Nurhaida Say
By Novrida Manurung
Sept. 28 (Bloomberg) -- Indonesia has “informally” asked mutual funds, insurance companies and pension funds not to sell shares in the market, Nurhaida, chairman of the nation’s capital market regulator, said in Jakarta today.
Indonesia State Companies Should Prepare to Buy Bonds: Ministry
2011-09-28 07:40:56.352
By Novrida Manurung
Sept. 28 (Bloomberg) -- Indonesia’s large state owned companies and state owned financial companies have been asked to prepare to buy government bonds under the bond stabilization program, Bambang Brodjonegoro told reporters at a press briefing in Jakarta today.
JAKARTA. PT Bank Rakyat Indonesia Tbk (BBRI) memberi isyarat ketertarikan mengakuisisi PT Bank Mutiara Tbk (BCIC). Untuk itu, bank pelat merah ini tengah mengadakan kajian. "Mungkin saja kami akuisisi kalau penawarannya menarik," ungkap Direktur Utama BRI Sofyan Basir, Rabu (28/9).
JAKARTA. PT Adaro Energy Tbk (ADRO) berencana mengakuisisi saham mayoritas di PT Bhakti Energi Persada di tahun ini. Rencana tersebut disampaikan Sekretaris Perusahaan ADRO Devindra Ratzarwin, di Jakarta, hari ini (28/9). Devindra mengungkapkan, perusahaan mengekspektasi produksi batubara perseroan akan meningkat menjadi 48 juta ton di tahun ini, dari tahun lalu yang sejumlah 42 juta ton. Sebelumnya, di tahun ini, produsen batubara terbesar kedua di Indonesia ini juga sudah mengakuisisi dua perusahaan tambang, yaitu PT Mustika Indah Permai (MIP) di Sumatera Selatan, dan PT Bhakti Energy Persada (BEP) di Kalimantan. Hingga perdagangan pukul 13.41 WIB, saham ADRO bergerak naik 3,07% ke level Rp 1.680 per saham.
Tarif 14 Ruas Tol Naik 7 Oktober.
Bloomberg: Adaro to Buy Majority Stake in Bhakti Energi Persada This Year. *ADARO EXPECTS 2011 COAL OUTPUT TO RISE TO 48M TONS VS 42M TONS
Bloomberg: Rupiah Rebounds From Earlier Loss on Intervention Speculation
Bloomberg: Most Emerging-Market Stocks Gain After Biggest Rally in 2 Years
Asing Pertahankan IHSG Sesi I Ditutup Naik 1,42%
http://pasarmodal.inilah.com/read/detail/1779305/asing-pertahankan-ihsg-sesi-i-ditutup-naik-142
Reli 1,41%, IHSG berhasil mendarat di level 3.500-an
http://investasi.kontan.co.id/v2/read/1317186743/78527/Reli-141-IHSG-berhasil-mendarat-di-level-3.500-an
Sesi I
IHSG Melesat Paling Kencang di Regional
http://finance.detik.com/read/2011/09/28/120524/1732159/6/ihsg-melesat-paling-kencang-di-regional
Dana Asing Rp 14,05 Triliun 'Kabur' dari Surat Utang Pemerintah
http://finance.detik.com/read/2011/09/28/110835/1732101/5/dana-asing-rp-1405-triliun-kabur-dari-surat-utang-pemerintah
UNSP Alihkan Saham Hasil Buyback untuk Tebus Utang
http://pasarmodal.inilah.com/read/detail/1779315/unsp-alihkan-saham-hasil-buyback-untuk-tebus-utang
Sesi Dua, Cermati Saham Bank-Astra-Properti
http://pasarmodal.inilah.com/read/detail/1779302/sesi-dua-cermati-saham-bank-astra-properti
Ekspor China Melambat Sepanjang Sisa Tahun 2011
http://pasarmodal.inilah.com/read/detail/1779317/ekspor-china-melambat-sepanjang-sisa-tahun-2011
BRI Targetkan Kredit Tumbuh Hingga 23%
http://pasarmodal.inilah.com/read/detail/1779322/bri-targetkan-kredit-tumbuh-hingga-23
Humpuss Bangun Kapal Senilai US$25,92 Juta
http://pasarmodal.inilah.com/read/detail/1779251/humpuss-bangun-kapal-senilai-us2592-juta
BRI Kucurkan Kredit Rp 300 Triliun, Incar Pertumbuhan 23%
http://finance.detik.com/read/2011/09/28/124218/1732204/5/bri-kucurkan-kredit-rp-300-triliun-incar-pertumbuhan-23
AEI: Waspadai Fluktuasi Pasar, Tapi Jangan Terlalu Khawatir
http://finance.detik.com/read/2011/09/28/121912/1732180/6/aei-waspadai-fluktuasi-pasar-tapi-jangan-terlalu-khawatir
Hanson Beli Saham Benny Tjokro di Binadaya Rp 400 Miliar
http://finance.detik.com/read/2011/09/28/110447/1732100/6/hanson-beli-saham-benny-tjokro-di-binadaya-rp-400-miliar
Kim Eng rekomendasi beli, saham CFIN melejit 8,4%
http://investasi.kontan.co.id/v2/read/1317185656/78522/Kim-Eng-rekomendasi-beli-saham-CFIN-melejit-84
Cemas permintaan global melemah, CPO tergerus tajam
http://investasi.kontan.co.id/v2/read/1317189125/78534/Cemas-permintaan-global-melemah-CPO-tergerus-tajam
Target kapitalisasi pasar BEI senilai Rp 3.000 triliun sudah tercapai
http://investasi.kontan.co.id/v2/read/1317184625/78519/Target-kapitalisasi-pasar-BEI-senilai-Rp-3.000-triliun-sudah-tercapai
Asosiasi emiten mengklaim kinerja perusahaan di Q3 lebih baik dari tahun lalu
http://investasi.kontan.co.id/v2/read/1317183033/78516/Asosiasi-emiten-mengklaim-kinerja-perusahaan-di-Q3-lebih-baik-dari-tahun-lalu
Tower Bersama Group cari pinjaman senilai US$ 200 juta
http://investasi.kontan.co.id/v2/read/1317180789/78507/Tower-Bersama-Group-cari-pinjaman-senilai-US-200-juta
Kinerja laba kinclong, saham BRPT sokong reli indeks
http://investasi.kontan.co.id/v2/read/1317182009/78510/Kinerja-laba-kinclong-saham-BRPT-sokong-reli-indeks
Agenda 28 September BBRI RUPSLB, MLBI RUPSLB, SMGR RUPSLB, Cum dev ITMG 1,168, "Update: Tarif tol akan naik mulai tgl 28 sept 11 sekitar 8% - 12%."…. TBLA cum dev Rp20, BUDI ACID JAYA DIVIDEND, RP 8 CUM, cum dev HEXA $0.0206
Bloomberg: Tower Bersama Said to Seek Loan Under $2 Billion Debt Program
Bloomberg: Indonesia Rupiah Drops After Investors Sold Local Bonds, Stocks
Bloomberg: Barito Rises, Third-Biggest Gainer on Index, as Profit Jumps
Bloomberg: Palm Oil Falls as Much as 1.4% to 2,908 Ringgit a Metric Ton
Bloomberg: Rubber Futures Gain 0.4%, Erasing Earlier Losses
Bloomberg; Asian Stocks Swing Between Gains, Losses on U.S., Europe Concern
Bloomberg: *BAOSTEEL SAYS BUYING MORE IRON ORE FROM IRAN, RUSSIA, INDONESIA
Bloomberg: Bank BJB Raised to Outperform vs Neutral at Credit Suisse
Bloomberg: Astra International Raised to Outperform vs Neutral at C.Suisse
Bloomberg: BNP Favors Asia Dollar Bonds as Samsung Asset Avoids Rupiah
Indonesia Stocks May Be Worth ‘Bottom Fishing,’ Citigroup Says
“Bombed out” Indonesian stocks with a defensive earnings outlook could be worth buying as the nation’s economic growth should be among the fastest in Asia Pacific in the next two years, Citigroup Inc. says. “Clients could start to bottom fish slowly,” Ferry Wong and Steve Wirawan, analysts at Citigroup, wrote in report dated yesterday.
Bloomberg: Berlian Laju Refinances $615 Million of Debt, Daily Reports
Bloomberg: Wintermar Offshore Plans to Seek $30 Million Loan, Bisnis Says
Bloomberg: Citi Lists 30 Indonesian ‘Bottom-Picking’ Stocks
DEWA ALSO TRADES AT 0.5X PRICE TO BOOK VALUE (PBV), THE CHEAPEST IN COAL MINING INDUSTRY VS 8.1X. DEWA ALSO TRADES AT 0.5X PRICE TO BOOK VALUE (PBV), THE CHEAPEST IN COAL MINING INDUSTRY VS 8.1X of doid
DKFT ON FOREIGN PARTNERSHIP AND POSSIBLE TARGET FOR BACKDOOR LISTING; TP: 4000-5500
*DJ First Financial: Plan To Acquire Small Bank In Indonesia or Thailand
DEWA THIRD-QUARTER NET PROFIT MAY JUMP 1200% TO $12 MILLION (IDR106 BLN) FROM $1.4 MILLION IN SECOND-QUARTER OF 2011. IT NOW TRADES AT P/E RATIO OF ONLY 11 X 2011 EARNINGS. TP: 160
TAIPEI (DOW JONES)--Taiwanese state-controlled First Financial Holding Co. (2892.TW) plans to expand its presence in Southeast Asia by acquiring a small local bank in either Indonesia or Thailand, an executive with the company said Wednesday. SDRA MAY BE A TARGET? SDRA NOW TRADES AT A P/E RATIO OF ONLY 3.8X 2011 EARNINGS, THE CHEAPEST IN THE LOCAL BANKING UNIVERSE
STRONG BUY SDRA
U.S. BERKSHIRE CONTROLLED BY WARREN BUFFET, MAY LOOK AT OPPORTUNITY TO BUY INDONESIA AFTER RECENT SELL-OFF; FINANCIALS AND COMMODITY-RELATED AND CHEMICAL-RELATED SHARES ARE ON TARGETS FOR ACCUMULATION (DISCLAIMER ON).
Last message received on 9/28 at 12:04 PM
BERKSHIRE NOW HAS $40 BILLION UNDER MANAGEMENT; $4 BILLION MAY BE USED TO BUY TOP AMERICAN SHARES AND AROUND UP TO $2.5 BILLION MAY BE INVESTED IN ASIA; EG INDONESIA?
BBRI may give interim dividend of around IDR90/share
GJTL 3500 SOON; STRONG BUY
Asia Pacific Fibers (POLY.IJ) has mandated Credit Suisse (CS) as lead-advisors for its plan to restructure debts and revalue assets. fair Value after debt restructuring may be 30% to POLY's nominal value of IDR10,000. (rumors from the deal table; disclaimer is on)
Inilah Menu Saham Pilihan Rabu (28/9)
http://pasarmodal.inilah.com/read/detail/1779081/inilah-menu-saham-pilihan-rabu-289
Rekomendasi Saham
IHSG Masih Simpan Potensi Penguatan
http://finance.detik.com/read/2011/09/28/073155/1731935/6/ihsg-masih-simpan-potensi-penguatan
Bersiap Turun, IHSG Dibuka Naik Tipis 0,08%
http://pasarmodal.inilah.com/read/detail/1779245/bersiap-turun-ihsg-dibuka-naik-tipis-008
Meski regional menghijau, IHSG dibuka turun pagi ini
http://investasi.kontan.co.id/v2/read/1317177673/78495/Meski-regional-menghijau-IHSG-dibuka-turun-pagi-ini
Cermati! Bandar Akan Buru Saham ADMG
http://pasarmodal.inilah.com/read/detail/1779228/cermati-bandar-akan-buru-saham-admg
Mandiri Investasi Rencana Luncurkan 4 Produk Baru
http://pasarmodal.inilah.com/read/detail/1779242/mandiri-investasi-rencana-luncurkan-4-produk-baru
Indo Premier Bidik 100 Rb Nasabah Online Syariah
http://pasarmodal.inilah.com/read/detail/1779239/indo-premier-bidik-100-rb-nasabah-online-syariah
Saham BNBR Direkomendasikan 'Speculative Buy'
http://pasarmodal.inilah.com/read/detail/1779238/saham-bnbr-direkomendasikan-speculative-buy
Awasi Saham-saham Yang Sudah Menguat Tajam
http://pasarmodal.inilah.com/read/detail/1779237/awasi-saham-saham-yang-sudah-menguat-tajam
Asing Tambah Kepemilikan PNIN, Target Rp 1000
http://pasarmodal.inilah.com/read/detail/1779224/asing-tambah-kepemilikan-pnin-target-rp-1000
Wall Street Menguat Respon Langkah Uni Eropa
http://pasarmodal.inilah.com/read/detail/1779203/wall-street-menguat-respon-langkah-uni-eropa
Ekspektasi GDP AS Siap Dongkrak Rupiah
http://pasarmodal.inilah.com/read/detail/1779034/ekspektasi-gdp-as-siap-dongkrak-rupiah
Naikkan Tarif Tol, JSMR Tunggu Kepmen PU
http://pasarmodal.inilah.com/read/detail/1779091/naikkan-tarif-tol-jsmr-tunggu-kepmen-pu
Vallar Belum Alihkan Saham Berau ke Publik
http://pasarmodal.inilah.com/read/detail/1779231/vallar-belum-alihkan-saham-berau-ke-publik
Naik 8 Kali Lipat, Laba Barito Pacific Capai Rp 226 Miliar
http://finance.detik.com/read/2011/09/28/095543/1732034/6/naik-8-kali-lipat-laba-barito-pacific-capai-rp-226-miliar
Pengusaha muulai waspadai pelemahan rupiah
http://investasi.kontan.co.id/v2/read/1317176436/78492/Pengusaha-mulai-waspadai-pelemahan-rupiah
2012, Mandiri Sekuritas pastikan masuk Singapura
http://investasi.kontan.co.id/v2/read/1317173098/78489/2012-Mandiri-Sekuritas-pastikan-masuk-Singapura
HARGA MINYAK
Pasca reli tajam, harga minyak tumbang 1,3% hari ini
http://investasi.kontan.co.id/v2/read/1317167747/78481/Pasca-reli-tajam-harga-minyak-tumbang-13-hari-ini
Lelang SUN masih bisa oversubscribed sampai 2 kali
http://investasi.kontan.co.id/v2/read/1317124470/78465/Lelang-SUN-masih-bisa-oversubscribed-sampai-2-kali
8:59 AM 9/28 PT Barito Pacific Tbk (BRPT), parent company that is controlled by Indonesian businessman Prajogo Pangestu, recorded a 807.6% jump in net profit during the first half of this year. Barito posted Rp226.4 billion net profit in 1H 2011 from Rp24.9 billion in 1H 2010. The steep jump was underpinned by profit before tax that rose 87.9% to Rp353.8 billion from Rp188.3 billion. Barito's revenue increased 13.9% to Rp10 trillion from Rp8.8 trillion. Petrochemical unit contributed 99.5% of Barito's consolidated revenue, while the remaining was supported by forestry, plantation, and property. "The achievement showed that our business remains robust, despite concern on the global economies jittery," said SVP Investor Relations Agustino Sudjono in a press statement today.
9:01 AM 9/28 Jakarta - Beredar kabar di kalangan pelaku pasar modal bahwa salah satu perusahaan keuangan asing sedang bernegosiasi dengan pihak Panin Insurance (PNIN) untuk membeli 11% kepemilikan sahamnya. Investor itu disebut-sebut Crystal Chain Holdings Ltd. yang sebelumnya memiliki 7% saham PNIN. Rencana penambahan porsi kepemilikan sempat tertunda sebelumnya, namun salah satu sumber mengatakan bahwa dalam waktu dekat ini pihak PNIN dan Crystal Chain Holdings Ltd. akan “ketok palu” pada penawaran harga premium di level Rp 1000. Dengan pertimbangan inilah diproyeksikan harga PNIN akan melesat ke level Rp 1000 dalam waktu dekat. Pada perdagangan Selasa (27/9) kemarin, PNIN ditutup di level Rp 490, atau naik 80 poin (19,51%). Volume transaksi tercatat sebesar Rp 2.21 miliar,
9:02 AM 9/28 Jakarta - Induk usaha PT Polychem Indonesia Tbk (ADMG) berencana melepas kepemilikan sahamnya. Kabar ini diisukan akan dimanfaatkan bandar untuk menggiring harga ADMG ini hingga menuju level Rp950-1.000. Bahkan, diberitakan sejumlah investor asing juga siap menjadi strategic buyer saham ADMG, salah satunya investor asal Jepang. Pada perdagangan kemarin saham ADMG ditutup naik Rp65 ke level Rp560.
9:09 AM 9/28 Jakarta - Vallar Investments UK Limited (Vallar) wajib mengalihkan saham PT Berau Coal Energy Tbk (Berau) yang mewakili 4,7% dari seluruh modal ditempatkan dan disetor penuh Berau paling lambat 15 Juni 2013. Dalam keterbukaannya ke bEI disampaikan sampai saat ini Vallar sama sekali belum memindahkan saham Berau ke masyarakat (publik). Pada 8 April 2011, Vallar telah menyelesaikan akuisisi sebanyak 26,17 miliar saham atau setara dengan 75% saham Berau. Pada 15 Juni 2011, Vallar telah menyelesaikan penawaran tender dengan melakukan pembayaran terhadap 3,39 miliar saham atau setara dengan 9,7% saham Berau. Setelah penyelesaian penawaran tender, Vallar sekarang memiliki 29,57 miliar saham Berau atau setara dengan 84,7% saham Berau.
0050 GMT [Dow Jones] The HSI may rise, after gains on Wall Street, but any upside is likely to be capped around 18,300, as sentiment is expected to remain cautious after the index's sharp gains Tuesday, says Castor Pang, head of research at Core Pacific-Yamaichi. "Tuesday's gains were mostly supported by short-covering activities, after the recent sharp falls in the local bourse." He tips China banks may outperform the broader market as the sector is expected to be less affected by the prevailing concerns over Europe. He expects gold miner stocks could also gain some interest after gold prices snapped a four-session losing streak. The HSI ended up 4.2% at 18,130.55 Tuesday; it is down 11.7% month-to-Tuesday. (susanna.tai@dowjones.com)
[Dow Jones] The Nikkei Stock Average is up 0.6% at 8661.01 after opening in negative territory. But the index lacks direction as investors avoid making big bets before confirming further developments in the ongoing Greek debt saga, says Shigeo Sugawara, senior investment manager at Sompo Japan Nipponkoa Asset Management. "The market wants actions, results, not just speculations that something might or might not happen," he says, noting that Germany's vote on the euro-zone rescue fund on Thursday represents the key event to watch this week. He pegs the Nikkei's range at 8600-8700 for the day. 27/33 Topix subindexes are higher, with heavyweights Softbank (9984.TO) up 3.0% at Y2,197, Fanuc (6954.TO) up 1.7% at Y10,950, and Daikin Industries (6367.TO) up 3.9% at Y2,266. Several high-profile exporters are outperforming, helped by euro strength. Olympus (7733.TO) is up 1.5% at Y2,430 and Sony (6758.TO) is up 1.5% at Y1,497. (judy.lam@dowjones.com)
[Dow Jones] China shares may fall slightly following gains on Tuesday amid tight liquidity at the end of 3Q, and as investors adopt a wait-and-see attitude ahead of the week-long National Day holiday beginning October 1. The benchmark Shanghai Composite Index is likely to remain weak and fluctuate around the 2400 level after rising 0.9% to 2415.05 Tuesday, says Shenyin Wanguo Securities analyst Qian Qimin. "With the end of the third quarter this weekend, banks are working to meet deposit requirements and diverting capital from the stock market." The Shenzhen index ended up 0.4% at 1047.68. (andrew.galbraith@dowjones.com)
[Dow Jones] Singapore shares have a positive offshore lead after stronger U.S. stocks Tuesday, but any gains are likely to be capped as U.S. stocks ended well off their highs on concerns over the Greece bailout; the STI's sharp rise Tuesday, ending up 2.7% at 2725.91, may also inspire some profit taking, following the recent theme of market rebounds being met with selling. "Continuing the pattern of heavier volumes during plunges compared to rebounds, it is hard to envisage (Tuesday's) market strength going beyond the old 2750 support (turned resistance) area in the final days of this quarter, coinciding with U.S. fiscal year-end," says AmFraser's Najeeb Jarhom. He adds "the persistent downtrend and the fact that the 20% threshold (2651) of a bear market definition has been crossed, make traders wary of chasing prices lest they get caught again like in mid-August and towards end-August." In corporate news, SembCorp Industries (U96.SG) is seeking to expand its Liaoning utilities projects, while Tiger Airways (J7X.SG) meets no Australian regulatory opposition to its proposed right issue. (matthew.allen@dowjones.com)
[Dow Jones] The Kospi is being driven higher in early trade by shipbuilder shares following their recent underperformance, while large-cap techs are mostly on the rise on dip-buying; the market is up 0.9% at 1752.04. Analysts, however, expect the Kospi to remain volatile for the day with any sharp gains likely capped by ongoing concerns over Europe's sovereign debt problems; the focus will be on whether the index stays above the 1750 mark. With key countries still unable to show a unified position to resolve Europe's debt crisis, investors are still wary despite the Kospi's sharp 5% gain yesterday, says Daishin Securities analyst Choi Jai-sic. But he expects the recent fall in the local currency to have a positive impact long term impact on the nation's key exporters such as techs. Among shipbuilders, Hyundai Heavy (009540.SE) is up 2.1% KRW269,000 and Samsung Heavy (010140.SE) is 3.6% higher at KRW27,300. In the tech space, Samsung Electronics (005930.SE) advances 1.2% to KRW814,000. (min-jeong.lee@dowjones.com)
[Dow Jones] Precious metals are trading lower on profit-taking and a stronger USD. While analysts maintain their medium-to-long-term bullish outlook on gold, some analysts say that over the next week or two, the metal could pullback towards $1,600/oz before starting to move towards $1,775/oz. However, the downside is likely to be limited as physical demand for gold continues to be strong, especially in Asia. A strong USD is another headwind as dollar-denominated commodities appear costlier to holders of other currencies when the USD strengthens. The EUR/USD is at 1.3567 vs 1.3584 late Tuesday in New York. Spot gold is at $1,640/oz, down $9.70, silver is at $31.63/oz, down 25 cents, platinum is at $1,548/oz, down $5 and palladium is at $642/oz, down $4 from its previous close. (arpan.mukherjee@dowjones.com)
http://finance.detik.com/read/2011/09/28/160700/1732530/6/aksi-beli-selektif-dorong-ihsg-menguat-39-poin
Net Buy Asing, IHSG Lanjutkan Apresiasi
http://pasarmodal.inilah.com/read/detail/1779400/net-buy-asing-ihsg-lanjutkan-apresiasi
ASII, BMRI dan BBRI sokong indeks hingga mendarat di zona hijau
http://investasi.kontan.co.id/v2/read/1317202564/78566/ASII-BMRI-dan-BBRI-sokong-indeks-hingga-mendarat-di-zona-hijau
Akhir September, Dana Keluar dari Bursa US$1,7 M
http://pasarmodal.inilah.com/read/detail/1779381/akhir-september-dana-keluar-dari-bursa-us17-m
Adaro Tambah Saham di Bhakti Energy
http://finance.detik.com/read/2011/09/28/162632/1732544/6/adaro-tambah-saham-di-bhakti-energy
Bapepam Minta Investor Institusi Tetap di Bursa
http://pasarmodal.inilah.com/read/detail/1779419/bapepam-minta-investor-institusi-tetap-di-bursa
AEI Harapkan Insentif Pajak
http://pasarmodal.inilah.com/read/detail/1779374/aei-harapkan-insentif-pajak
Wow! Yen Naik Jadi Safe Haven Baru
http://pasarmodal.inilah.com/read/detail/1779341/wow-yen-naik-jadi-safe-haven-baru
Agustus 2011, produksi cooking coal BORN capai 2 juta ton
http://investasi.kontan.co.id/v2/read/1317200390/78560/Agustus-2011-produksi-cooking-coal-BORN-capai-2-juta-ton
BRPT yakin kuasi reorganisasi bisa dilakukan akhir 2011
http://investasi.kontan.co.id/v2/read/1317197568/78556/BRPT-yakin-kuasi-reorganisasi-bisa-dilakukan-akhir-2011
BLOOMBERG: * SEMEN GRESIK EXPECTS 2013 OUTPUT CAPACITY TO RISE TO 26.2M TONS. *SEMEN GRESIK MAY SELL UP TO $500M OF BONDS LATE NEXT YEAR
Jakarta - Dana keluar dari pasar saham diperkirakan mencapai US$1,7 miliar sejak Agustus hingga menjelang akhir September 2011. Hal itu disampaikan Head of Indonesia Research Citi Indonesia, Ferry Wong saat halal bi halal Asosiasi Emiten Indonesia (AEI), Rabu (28/9). "Dana keluar mencapai US$1,7 miliar dalam dua bulan terakhir sementara pasar obligasi yang keluar sekitar US$3,5 miliar," ujar Ferry. Ferry mengatakan, saat ini kepanikan di pasar sudah mulai mereda. Bank Indonesia telah melakukan intervensi terhadap nilai tukar mata uang asing. Hal itu memberikan sentimen positif ke bursa saham. "Bank sentral juga sudah menurunkan volatilitas di forex,bila forex stabil maka pasar modal dan uang akan kembali," kata Ferry.
Indonesia ‘Informally’ Asks Funds Not Sell Shares, Nurhaida Say
By Novrida Manurung
Sept. 28 (Bloomberg) -- Indonesia has “informally” asked mutual funds, insurance companies and pension funds not to sell shares in the market, Nurhaida, chairman of the nation’s capital market regulator, said in Jakarta today.
Indonesia State Companies Should Prepare to Buy Bonds: Ministry
2011-09-28 07:40:56.352
By Novrida Manurung
Sept. 28 (Bloomberg) -- Indonesia’s large state owned companies and state owned financial companies have been asked to prepare to buy government bonds under the bond stabilization program, Bambang Brodjonegoro told reporters at a press briefing in Jakarta today.
JAKARTA. PT Bank Rakyat Indonesia Tbk (BBRI) memberi isyarat ketertarikan mengakuisisi PT Bank Mutiara Tbk (BCIC). Untuk itu, bank pelat merah ini tengah mengadakan kajian. "Mungkin saja kami akuisisi kalau penawarannya menarik," ungkap Direktur Utama BRI Sofyan Basir, Rabu (28/9).
JAKARTA. PT Adaro Energy Tbk (ADRO) berencana mengakuisisi saham mayoritas di PT Bhakti Energi Persada di tahun ini. Rencana tersebut disampaikan Sekretaris Perusahaan ADRO Devindra Ratzarwin, di Jakarta, hari ini (28/9). Devindra mengungkapkan, perusahaan mengekspektasi produksi batubara perseroan akan meningkat menjadi 48 juta ton di tahun ini, dari tahun lalu yang sejumlah 42 juta ton. Sebelumnya, di tahun ini, produsen batubara terbesar kedua di Indonesia ini juga sudah mengakuisisi dua perusahaan tambang, yaitu PT Mustika Indah Permai (MIP) di Sumatera Selatan, dan PT Bhakti Energy Persada (BEP) di Kalimantan. Hingga perdagangan pukul 13.41 WIB, saham ADRO bergerak naik 3,07% ke level Rp 1.680 per saham.
Tarif 14 Ruas Tol Naik 7 Oktober.
Bloomberg: Adaro to Buy Majority Stake in Bhakti Energi Persada This Year. *ADARO EXPECTS 2011 COAL OUTPUT TO RISE TO 48M TONS VS 42M TONS
Bloomberg: Rupiah Rebounds From Earlier Loss on Intervention Speculation
Bloomberg: Most Emerging-Market Stocks Gain After Biggest Rally in 2 Years
Asing Pertahankan IHSG Sesi I Ditutup Naik 1,42%
http://pasarmodal.inilah.com/read/detail/1779305/asing-pertahankan-ihsg-sesi-i-ditutup-naik-142
Reli 1,41%, IHSG berhasil mendarat di level 3.500-an
http://investasi.kontan.co.id/v2/read/1317186743/78527/Reli-141-IHSG-berhasil-mendarat-di-level-3.500-an
Sesi I
IHSG Melesat Paling Kencang di Regional
http://finance.detik.com/read/2011/09/28/120524/1732159/6/ihsg-melesat-paling-kencang-di-regional
Dana Asing Rp 14,05 Triliun 'Kabur' dari Surat Utang Pemerintah
http://finance.detik.com/read/2011/09/28/110835/1732101/5/dana-asing-rp-1405-triliun-kabur-dari-surat-utang-pemerintah
UNSP Alihkan Saham Hasil Buyback untuk Tebus Utang
http://pasarmodal.inilah.com/read/detail/1779315/unsp-alihkan-saham-hasil-buyback-untuk-tebus-utang
Sesi Dua, Cermati Saham Bank-Astra-Properti
http://pasarmodal.inilah.com/read/detail/1779302/sesi-dua-cermati-saham-bank-astra-properti
Ekspor China Melambat Sepanjang Sisa Tahun 2011
http://pasarmodal.inilah.com/read/detail/1779317/ekspor-china-melambat-sepanjang-sisa-tahun-2011
BRI Targetkan Kredit Tumbuh Hingga 23%
http://pasarmodal.inilah.com/read/detail/1779322/bri-targetkan-kredit-tumbuh-hingga-23
Humpuss Bangun Kapal Senilai US$25,92 Juta
http://pasarmodal.inilah.com/read/detail/1779251/humpuss-bangun-kapal-senilai-us2592-juta
BRI Kucurkan Kredit Rp 300 Triliun, Incar Pertumbuhan 23%
http://finance.detik.com/read/2011/09/28/124218/1732204/5/bri-kucurkan-kredit-rp-300-triliun-incar-pertumbuhan-23
AEI: Waspadai Fluktuasi Pasar, Tapi Jangan Terlalu Khawatir
http://finance.detik.com/read/2011/09/28/121912/1732180/6/aei-waspadai-fluktuasi-pasar-tapi-jangan-terlalu-khawatir
Hanson Beli Saham Benny Tjokro di Binadaya Rp 400 Miliar
http://finance.detik.com/read/2011/09/28/110447/1732100/6/hanson-beli-saham-benny-tjokro-di-binadaya-rp-400-miliar
Kim Eng rekomendasi beli, saham CFIN melejit 8,4%
http://investasi.kontan.co.id/v2/read/1317185656/78522/Kim-Eng-rekomendasi-beli-saham-CFIN-melejit-84
Cemas permintaan global melemah, CPO tergerus tajam
http://investasi.kontan.co.id/v2/read/1317189125/78534/Cemas-permintaan-global-melemah-CPO-tergerus-tajam
Target kapitalisasi pasar BEI senilai Rp 3.000 triliun sudah tercapai
http://investasi.kontan.co.id/v2/read/1317184625/78519/Target-kapitalisasi-pasar-BEI-senilai-Rp-3.000-triliun-sudah-tercapai
Asosiasi emiten mengklaim kinerja perusahaan di Q3 lebih baik dari tahun lalu
http://investasi.kontan.co.id/v2/read/1317183033/78516/Asosiasi-emiten-mengklaim-kinerja-perusahaan-di-Q3-lebih-baik-dari-tahun-lalu
Tower Bersama Group cari pinjaman senilai US$ 200 juta
http://investasi.kontan.co.id/v2/read/1317180789/78507/Tower-Bersama-Group-cari-pinjaman-senilai-US-200-juta
Kinerja laba kinclong, saham BRPT sokong reli indeks
http://investasi.kontan.co.id/v2/read/1317182009/78510/Kinerja-laba-kinclong-saham-BRPT-sokong-reli-indeks
Agenda 28 September BBRI RUPSLB, MLBI RUPSLB, SMGR RUPSLB, Cum dev ITMG 1,168, "Update: Tarif tol akan naik mulai tgl 28 sept 11 sekitar 8% - 12%."…. TBLA cum dev Rp20, BUDI ACID JAYA DIVIDEND, RP 8 CUM, cum dev HEXA $0.0206
Bloomberg: Tower Bersama Said to Seek Loan Under $2 Billion Debt Program
Bloomberg: Indonesia Rupiah Drops After Investors Sold Local Bonds, Stocks
Bloomberg: Barito Rises, Third-Biggest Gainer on Index, as Profit Jumps
Bloomberg: Palm Oil Falls as Much as 1.4% to 2,908 Ringgit a Metric Ton
Bloomberg: Rubber Futures Gain 0.4%, Erasing Earlier Losses
Bloomberg; Asian Stocks Swing Between Gains, Losses on U.S., Europe Concern
Bloomberg: *BAOSTEEL SAYS BUYING MORE IRON ORE FROM IRAN, RUSSIA, INDONESIA
Bloomberg: Bank BJB Raised to Outperform vs Neutral at Credit Suisse
Bloomberg: Astra International Raised to Outperform vs Neutral at C.Suisse
Bloomberg: BNP Favors Asia Dollar Bonds as Samsung Asset Avoids Rupiah
Indonesia Stocks May Be Worth ‘Bottom Fishing,’ Citigroup Says
“Bombed out” Indonesian stocks with a defensive earnings outlook could be worth buying as the nation’s economic growth should be among the fastest in Asia Pacific in the next two years, Citigroup Inc. says. “Clients could start to bottom fish slowly,” Ferry Wong and Steve Wirawan, analysts at Citigroup, wrote in report dated yesterday.
Bloomberg: Berlian Laju Refinances $615 Million of Debt, Daily Reports
Bloomberg: Wintermar Offshore Plans to Seek $30 Million Loan, Bisnis Says
Bloomberg: Citi Lists 30 Indonesian ‘Bottom-Picking’ Stocks
Credit Suisse downgrade all banks target under their coverage.
BBRI from 8,330 to 8,100
BMRI from 9,400 to 8,600
BJBR from 1,320 to 1,300
PNBN from 1,000 to 640
BDMN from 5,100 to 4,900
BBCA from 8,600 to 8,400
BBRI from 8,330 to 8,100
BMRI from 9,400 to 8,600
BJBR from 1,320 to 1,300
PNBN from 1,000 to 640
BDMN from 5,100 to 4,900
BBCA from 8,600 to 8,400
BTPN from 4,400 to 4,000
BBTN from 1,725 to 1,350
BBNI from 5,250 to 4,680
BBTN from 1,725 to 1,350
BBNI from 5,250 to 4,680
DEWA ALSO TRADES AT 0.5X PRICE TO BOOK VALUE (PBV), THE CHEAPEST IN COAL MINING INDUSTRY VS 8.1X. DEWA ALSO TRADES AT 0.5X PRICE TO BOOK VALUE (PBV), THE CHEAPEST IN COAL MINING INDUSTRY VS 8.1X of doid
DKFT ON FOREIGN PARTNERSHIP AND POSSIBLE TARGET FOR BACKDOOR LISTING; TP: 4000-5500
*DJ First Financial: Plan To Acquire Small Bank In Indonesia or Thailand
DEWA THIRD-QUARTER NET PROFIT MAY JUMP 1200% TO $12 MILLION (IDR106 BLN) FROM $1.4 MILLION IN SECOND-QUARTER OF 2011. IT NOW TRADES AT P/E RATIO OF ONLY 11 X 2011 EARNINGS. TP: 160
TAIPEI (DOW JONES)--Taiwanese state-controlled First Financial Holding Co. (2892.TW) plans to expand its presence in Southeast Asia by acquiring a small local bank in either Indonesia or Thailand, an executive with the company said Wednesday. SDRA MAY BE A TARGET? SDRA NOW TRADES AT A P/E RATIO OF ONLY 3.8X 2011 EARNINGS, THE CHEAPEST IN THE LOCAL BANKING UNIVERSE
STRONG BUY SDRA
U.S. BERKSHIRE CONTROLLED BY WARREN BUFFET, MAY LOOK AT OPPORTUNITY TO BUY INDONESIA AFTER RECENT SELL-OFF; FINANCIALS AND COMMODITY-RELATED AND CHEMICAL-RELATED SHARES ARE ON TARGETS FOR ACCUMULATION (DISCLAIMER ON).
Last message received on 9/28 at 12:04 PM
BERKSHIRE NOW HAS $40 BILLION UNDER MANAGEMENT; $4 BILLION MAY BE USED TO BUY TOP AMERICAN SHARES AND AROUND UP TO $2.5 BILLION MAY BE INVESTED IN ASIA; EG INDONESIA?
BBRI may give interim dividend of around IDR90/share
GJTL 3500 SOON; STRONG BUY
Asia Pacific Fibers (POLY.IJ) has mandated Credit Suisse (CS) as lead-advisors for its plan to restructure debts and revalue assets. fair Value after debt restructuring may be 30% to POLY's nominal value of IDR10,000. (rumors from the deal table; disclaimer is on)
Inilah Menu Saham Pilihan Rabu (28/9)
http://pasarmodal.inilah.com/read/detail/1779081/inilah-menu-saham-pilihan-rabu-289
Rekomendasi Saham
IHSG Masih Simpan Potensi Penguatan
http://finance.detik.com/read/2011/09/28/073155/1731935/6/ihsg-masih-simpan-potensi-penguatan
Bersiap Turun, IHSG Dibuka Naik Tipis 0,08%
http://pasarmodal.inilah.com/read/detail/1779245/bersiap-turun-ihsg-dibuka-naik-tipis-008
Meski regional menghijau, IHSG dibuka turun pagi ini
http://investasi.kontan.co.id/v2/read/1317177673/78495/Meski-regional-menghijau-IHSG-dibuka-turun-pagi-ini
Cermati! Bandar Akan Buru Saham ADMG
http://pasarmodal.inilah.com/read/detail/1779228/cermati-bandar-akan-buru-saham-admg
Mandiri Investasi Rencana Luncurkan 4 Produk Baru
http://pasarmodal.inilah.com/read/detail/1779242/mandiri-investasi-rencana-luncurkan-4-produk-baru
Indo Premier Bidik 100 Rb Nasabah Online Syariah
http://pasarmodal.inilah.com/read/detail/1779239/indo-premier-bidik-100-rb-nasabah-online-syariah
Saham BNBR Direkomendasikan 'Speculative Buy'
http://pasarmodal.inilah.com/read/detail/1779238/saham-bnbr-direkomendasikan-speculative-buy
Awasi Saham-saham Yang Sudah Menguat Tajam
http://pasarmodal.inilah.com/read/detail/1779237/awasi-saham-saham-yang-sudah-menguat-tajam
Asing Tambah Kepemilikan PNIN, Target Rp 1000
http://pasarmodal.inilah.com/read/detail/1779224/asing-tambah-kepemilikan-pnin-target-rp-1000
Wall Street Menguat Respon Langkah Uni Eropa
http://pasarmodal.inilah.com/read/detail/1779203/wall-street-menguat-respon-langkah-uni-eropa
Ekspektasi GDP AS Siap Dongkrak Rupiah
http://pasarmodal.inilah.com/read/detail/1779034/ekspektasi-gdp-as-siap-dongkrak-rupiah
Naikkan Tarif Tol, JSMR Tunggu Kepmen PU
http://pasarmodal.inilah.com/read/detail/1779091/naikkan-tarif-tol-jsmr-tunggu-kepmen-pu
Vallar Belum Alihkan Saham Berau ke Publik
http://pasarmodal.inilah.com/read/detail/1779231/vallar-belum-alihkan-saham-berau-ke-publik
Naik 8 Kali Lipat, Laba Barito Pacific Capai Rp 226 Miliar
http://finance.detik.com/read/2011/09/28/095543/1732034/6/naik-8-kali-lipat-laba-barito-pacific-capai-rp-226-miliar
Pengusaha muulai waspadai pelemahan rupiah
http://investasi.kontan.co.id/v2/read/1317176436/78492/Pengusaha-mulai-waspadai-pelemahan-rupiah
2012, Mandiri Sekuritas pastikan masuk Singapura
http://investasi.kontan.co.id/v2/read/1317173098/78489/2012-Mandiri-Sekuritas-pastikan-masuk-Singapura
HARGA MINYAK
Pasca reli tajam, harga minyak tumbang 1,3% hari ini
http://investasi.kontan.co.id/v2/read/1317167747/78481/Pasca-reli-tajam-harga-minyak-tumbang-13-hari-ini
Lelang SUN masih bisa oversubscribed sampai 2 kali
http://investasi.kontan.co.id/v2/read/1317124470/78465/Lelang-SUN-masih-bisa-oversubscribed-sampai-2-kali
8:59 AM 9/28 PT Barito Pacific Tbk (BRPT), parent company that is controlled by Indonesian businessman Prajogo Pangestu, recorded a 807.6% jump in net profit during the first half of this year. Barito posted Rp226.4 billion net profit in 1H 2011 from Rp24.9 billion in 1H 2010. The steep jump was underpinned by profit before tax that rose 87.9% to Rp353.8 billion from Rp188.3 billion. Barito's revenue increased 13.9% to Rp10 trillion from Rp8.8 trillion. Petrochemical unit contributed 99.5% of Barito's consolidated revenue, while the remaining was supported by forestry, plantation, and property. "The achievement showed that our business remains robust, despite concern on the global economies jittery," said SVP Investor Relations Agustino Sudjono in a press statement today.
9:01 AM 9/28 Jakarta - Beredar kabar di kalangan pelaku pasar modal bahwa salah satu perusahaan keuangan asing sedang bernegosiasi dengan pihak Panin Insurance (PNIN) untuk membeli 11% kepemilikan sahamnya. Investor itu disebut-sebut Crystal Chain Holdings Ltd. yang sebelumnya memiliki 7% saham PNIN. Rencana penambahan porsi kepemilikan sempat tertunda sebelumnya, namun salah satu sumber mengatakan bahwa dalam waktu dekat ini pihak PNIN dan Crystal Chain Holdings Ltd. akan “ketok palu” pada penawaran harga premium di level Rp 1000. Dengan pertimbangan inilah diproyeksikan harga PNIN akan melesat ke level Rp 1000 dalam waktu dekat. Pada perdagangan Selasa (27/9) kemarin, PNIN ditutup di level Rp 490, atau naik 80 poin (19,51%). Volume transaksi tercatat sebesar Rp 2.21 miliar,
9:02 AM 9/28 Jakarta - Induk usaha PT Polychem Indonesia Tbk (ADMG) berencana melepas kepemilikan sahamnya. Kabar ini diisukan akan dimanfaatkan bandar untuk menggiring harga ADMG ini hingga menuju level Rp950-1.000. Bahkan, diberitakan sejumlah investor asing juga siap menjadi strategic buyer saham ADMG, salah satunya investor asal Jepang. Pada perdagangan kemarin saham ADMG ditutup naik Rp65 ke level Rp560.
9:09 AM 9/28 Jakarta - Vallar Investments UK Limited (Vallar) wajib mengalihkan saham PT Berau Coal Energy Tbk (Berau) yang mewakili 4,7% dari seluruh modal ditempatkan dan disetor penuh Berau paling lambat 15 Juni 2013. Dalam keterbukaannya ke bEI disampaikan sampai saat ini Vallar sama sekali belum memindahkan saham Berau ke masyarakat (publik). Pada 8 April 2011, Vallar telah menyelesaikan akuisisi sebanyak 26,17 miliar saham atau setara dengan 75% saham Berau. Pada 15 Juni 2011, Vallar telah menyelesaikan penawaran tender dengan melakukan pembayaran terhadap 3,39 miliar saham atau setara dengan 9,7% saham Berau. Setelah penyelesaian penawaran tender, Vallar sekarang memiliki 29,57 miliar saham Berau atau setara dengan 84,7% saham Berau.
0050 GMT [Dow Jones] The HSI may rise, after gains on Wall Street, but any upside is likely to be capped around 18,300, as sentiment is expected to remain cautious after the index's sharp gains Tuesday, says Castor Pang, head of research at Core Pacific-Yamaichi. "Tuesday's gains were mostly supported by short-covering activities, after the recent sharp falls in the local bourse." He tips China banks may outperform the broader market as the sector is expected to be less affected by the prevailing concerns over Europe. He expects gold miner stocks could also gain some interest after gold prices snapped a four-session losing streak. The HSI ended up 4.2% at 18,130.55 Tuesday; it is down 11.7% month-to-Tuesday. (susanna.tai@dowjones.com)
[Dow Jones] The Nikkei Stock Average is up 0.6% at 8661.01 after opening in negative territory. But the index lacks direction as investors avoid making big bets before confirming further developments in the ongoing Greek debt saga, says Shigeo Sugawara, senior investment manager at Sompo Japan Nipponkoa Asset Management. "The market wants actions, results, not just speculations that something might or might not happen," he says, noting that Germany's vote on the euro-zone rescue fund on Thursday represents the key event to watch this week. He pegs the Nikkei's range at 8600-8700 for the day. 27/33 Topix subindexes are higher, with heavyweights Softbank (9984.TO) up 3.0% at Y2,197, Fanuc (6954.TO) up 1.7% at Y10,950, and Daikin Industries (6367.TO) up 3.9% at Y2,266. Several high-profile exporters are outperforming, helped by euro strength. Olympus (7733.TO) is up 1.5% at Y2,430 and Sony (6758.TO) is up 1.5% at Y1,497. (judy.lam@dowjones.com)
[Dow Jones] China shares may fall slightly following gains on Tuesday amid tight liquidity at the end of 3Q, and as investors adopt a wait-and-see attitude ahead of the week-long National Day holiday beginning October 1. The benchmark Shanghai Composite Index is likely to remain weak and fluctuate around the 2400 level after rising 0.9% to 2415.05 Tuesday, says Shenyin Wanguo Securities analyst Qian Qimin. "With the end of the third quarter this weekend, banks are working to meet deposit requirements and diverting capital from the stock market." The Shenzhen index ended up 0.4% at 1047.68. (andrew.galbraith@dowjones.com)
[Dow Jones] Singapore shares have a positive offshore lead after stronger U.S. stocks Tuesday, but any gains are likely to be capped as U.S. stocks ended well off their highs on concerns over the Greece bailout; the STI's sharp rise Tuesday, ending up 2.7% at 2725.91, may also inspire some profit taking, following the recent theme of market rebounds being met with selling. "Continuing the pattern of heavier volumes during plunges compared to rebounds, it is hard to envisage (Tuesday's) market strength going beyond the old 2750 support (turned resistance) area in the final days of this quarter, coinciding with U.S. fiscal year-end," says AmFraser's Najeeb Jarhom. He adds "the persistent downtrend and the fact that the 20% threshold (2651) of a bear market definition has been crossed, make traders wary of chasing prices lest they get caught again like in mid-August and towards end-August." In corporate news, SembCorp Industries (U96.SG) is seeking to expand its Liaoning utilities projects, while Tiger Airways (J7X.SG) meets no Australian regulatory opposition to its proposed right issue. (matthew.allen@dowjones.com)
[Dow Jones] The Kospi is being driven higher in early trade by shipbuilder shares following their recent underperformance, while large-cap techs are mostly on the rise on dip-buying; the market is up 0.9% at 1752.04. Analysts, however, expect the Kospi to remain volatile for the day with any sharp gains likely capped by ongoing concerns over Europe's sovereign debt problems; the focus will be on whether the index stays above the 1750 mark. With key countries still unable to show a unified position to resolve Europe's debt crisis, investors are still wary despite the Kospi's sharp 5% gain yesterday, says Daishin Securities analyst Choi Jai-sic. But he expects the recent fall in the local currency to have a positive impact long term impact on the nation's key exporters such as techs. Among shipbuilders, Hyundai Heavy (009540.SE) is up 2.1% KRW269,000 and Samsung Heavy (010140.SE) is 3.6% higher at KRW27,300. In the tech space, Samsung Electronics (005930.SE) advances 1.2% to KRW814,000. (min-jeong.lee@dowjones.com)
[Dow Jones] Precious metals are trading lower on profit-taking and a stronger USD. While analysts maintain their medium-to-long-term bullish outlook on gold, some analysts say that over the next week or two, the metal could pullback towards $1,600/oz before starting to move towards $1,775/oz. However, the downside is likely to be limited as physical demand for gold continues to be strong, especially in Asia. A strong USD is another headwind as dollar-denominated commodities appear costlier to holders of other currencies when the USD strengthens. The EUR/USD is at 1.3567 vs 1.3584 late Tuesday in New York. Spot gold is at $1,640/oz, down $9.70, silver is at $31.63/oz, down 25 cents, platinum is at $1,548/oz, down $5 and palladium is at $642/oz, down $4 from its previous close. (arpan.mukherjee@dowjones.com)
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