2nd session JCI on 10.10.11
3451.08(25.40pts)(+0.74%)
(H: 3452.42 ; L: 3424.56 )
Value: 2.18T (NG 209 B )
Volume: 2.29B (NG 254 M )
Foreign Nett Sell: 5.12 B
USD/IDR : 8945 (On Shore)
8902.5 (Off Shore)
6 MARKET DRIVEN BY SECTOR
FINANCE. (+2.13%)(511.851 B )
MANUFACTUR(+0.52%)(474.700 B )
MINING. (-0.09%)(464.700 B )
INFRASTRUC(-0.03%)(333.543 B )
PROPERTY. (+0.78%)(169.288 B )
CONSUMER. (-0.32%)(77.012 B )
6 NETT BUY STOCKs BY FOREIGN
BORN. @894. (30.476 B )
BMRI. @6154. (17.960 B )
ACES. @3400 (14.285 B )
AMAG. @152. (13.882 B )
BHIT. @191. (11.879 B )
LPKR. @616. (10.416 B )
6 NETT SELL STOCKs BY FOREIGN
BNBR. @51. (49.969 B )
BBKP. @519. (33.059 B )
TLKM. @7174. (17.3001 B )
ENRG. @126. (10.195 B )
BTEL. @293. (8.92 B )
TMPI. @116. (6.38 B )
8 MOST ACTIVE STOCKs BY VALUE
ASII. @64150 (+1.42% )
BUMI. @1920. (-0.51% )
BMRI. @6250. (+4.16%)
BBRI. @6050. (+4.31%)
TLKM. @7200. (-0.69%)
BBCA. @7500. (+0.67%)
TRAM. @750. (-1.31%)
PTBA. @13850 (-1.07%)
8 MOST ACTIVE STOCKs BY VOLUME
KIJA. @165. (335.253 M )
ENRG. @125. (177.340 M )
BNBR. @51. (168.583 M )
STAR-W @16. (128.879 M )
BUMI. @1920(92.576 M )
STAR. @260. (79.991 M )
DEWA. @70. (77.413 M )
LPKR. @620. (77.153 M )
Saham PT Solusi Tunas Alami Fully Subcribed
http://pasarmodal.inilah.com/read/detail/1783675/saham-pt-solusi-tunas-alami-fully-subcribed
Meski Transaksi Sepi, IHSG Rebound 25 Poin
http://finance.detik.com/read/2011/10/10/160735/1740751/6/meski-transaksi-sepi-ihsg-rebound-25-poin
Awal Pekan, ASII Pimpin Penguatan IHSG
http://pasarmodal.inilah.com/read/detail/1783644/awal-pekan-asii-pimpin-penguatan-ihsg
Asing Net Sell, IHSG hanya Menguat 0,74%. net foreign sell Rp5,1 miliar
http://pasarmodal.inilah.com/read/detail/1783637/asing-net-sell-ihsg-hanya-menguat-074
Rencana Khusus Eropa Bangkitkan Rupiah
http://pasarmodal.inilah.com/read/detail/1783668/rencana-khusus-eropa-bangkitkan-rupiah
Kesepakatan Merkel-Sarkozy Angkat Bursa Asia
http://pasarmodal.inilah.com/read/detail/1783665/kesepakatan-merkel-sarkozy-angkat-bursa-asia
Saham KIJA Teraktif pada Perdagangan Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783658/saham-kija-teraktif-pada-perdagangan-senin-1010
BNBR Terbanyak Dilepas Asing Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783650/bnbr-terbanyak-dilepas-asing-senin-1010
September, Laba Bank Mutiara Tumbuh 310%
http://pasarmodal.inilah.com/read/detail/1783590/september-laba-bank-mutiara-tumbuh-310
Wuih.. BEI Siap Segera Ajukan Jam Perdagangan
http://pasarmodal.inilah.com/read/detail/1783573/wuih-bei-siap-segera-ajukan-jam-perdagangan
Inilah 10 Top Net Foreign Buy Saham Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783642/inilah-10-top-net-foreign-buy-saham-senin-1010
Survei: Resesi Hancurkan Pendapatan Rumah Tangga
http://pasarmodal.inilah.com/read/detail/1783616/survei-resesi-hancurkan-pendapatan-rumah-tangga
Adhi Karya Bidik Rights Issue Rp 800 Miliar
http://finance.detik.com/read/2011/10/10/144421/1740656/6/adhi-karya-bidik-rights-issue-rp-800-miliar
Total Kontrak Wijaya Karya Capai Rp 8,1 Triliun
http://finance.detik.com/read/2011/10/10/141815/1740629/6/total-kontrak-wijaya-karya-capai-rp-81-triliun
Oktober, Waktu Tepat Jual Saham di Bursa
http://finance.detik.com/read/2011/10/10/140555/1740611/6/oktober-waktu-tepat-jual-saham-di-bursa
REMINDER about KIJA:::: http://www.bisnis.com/articles/greenwood-sejahtera-goes-public
13 Oktober BW PLANTATION DIVIDEND, RP 9 CUM, BUMI TO COMPLETE FIRST-TRANCHE REPAYMENT OF $600 MILLION OF DEBT TO CIC BY THURSDAY ,Cum Right Issue KIJA 500:219 (250)
Bloomberg: *PT ATLAS RESOURCES SEEKS IPO OF UP TO $125 MLN, TERMS SHOW. *SHARES BEING OFFERED AT IDR1,500-IDR1,900 EACH, TERMS SHOW. *UBS IS SOLE GLOBAL COORDINATOR FOR PT ATLAS RESOURCES IPO
Bloomberg: Indonesia Consumer Confidence Reaches Highest Since July 2009
2. Top BUYS and SELLS
2.1 Top BUYS
#1: Astra Internasional • Our top pick is the largest stock on the JCI and is widely viewed as good proxy for Indonesia’s economy. Its dtrong balance sheet, good credit ratings and above-average corporate governance cement its blue chip status. • Even if the auto sector is squeezed by tight liquidity, Astra normally gains market share because of: 1) the popularity of its models, which means lower collateral risk; 2) its well-capitalised finance companies that will support. • Bottom at P/E of 4x and 1x P/BV in 2008/9 but that was in the darkest moments when financing was in question and lending rates rocketed.
October 10, 2011 7
#2: Gudang Garam (GGRM IJ) • Industry consolidation prodded by the government via higher taxes for smaller producers play in favour of GG. This, coupled with normalising excise collections, should allow GG to boost its margins. • The completion of its internal restructuring means market share will continue to firm up, while distribution margin gains cannot be ruled out in the medium term. • Bottom at 2.4x P/E and 0.5x P/BV in 2008/9 in part due to restructuring just starting and industry consolidation still at an infancy stage.
#3: Bank Mandiri (BMRI IJ) • Underperforming big bank peers from the peak in early Aug 11 on overplayed concerns, we believe. Valuation is attractive at 2.3-2.0x FY11-12 P/BV and 9.7-8.9x PE. • Loan growth should outpace big bank peers (Jun 11: 27% vs. sector's 24%), in our view, while NIM could increase on expansions to micro and auto loans vs. other big banks' trends of flat or slightly down. • Bottom at 4x and 0.8x P/E and P/BV in 2008/9 as bank failure concerns were heightened by the Century and Indover bank failures then. Not so now.
2.2 Top SELLS
#1: Indo Tambangraya (ITMG IJ) • Most exposed to price risk as the company is a play on price, given the limited growth outlook and high exposure to the export market (90% sales are exports). • Limited reserve life and lower volume growth vs. peers (10% 3-yr CAGR production growth). • While the valuation looks attractive at 7.5x CY12 P/E, softening price outlook translates to unattractive growth profile and earning risks - in 2008, valuation bottomed at 6.2x P/E.
#2: International Nickel (INCO IJ) • Highly vulnerable to commodity price risks due to the decline in nickel prices on global growth concerns - despite its recent ~30% fall, nickel prices bottomed at US$9,000/tonne in 2008, translating to a 55% downside risk in the event of a full blown global recession.
• Single commodity exposure, with no hedge against declining commodity prices. • While the valuation looks attractive at 5.7x CY12 P/E (vs. bottom of 6.1x in 2008), we see major (30-40%) earnings downside from lower nickel prices.
October 10, 2011 9
#3: Timah (TINS IJ) • Highly vulnerable to commodity price risks due to decline in tin prices on global growth concerns - despite its recent ~50% fall, tin prices bottomed at US$10,000/tonne in 2008, translating to 50% downside risk. • Unfavourable cost structure (high-cost of offshore operations and purchase from small-scale miners for the inland operations) which doesn't bode well for the company in a declining price environment. • Valuation is a bit high at 9.0x CY12 P/E (valuation bottomed at 9.2x P/E), but we see major (30-40%) down
JAKARTA (Dow Jones)--Indonesia's government has opened bidding for 15 oil and gas blocks, a government official said Monday. Evita Legowo, director of oil and gas at the Department of Energy and Mineral Resources, said nine blocks are on offer via the regular bidding mechanism: the Kuningan Block; Offshore South Java I, II and III; South East Sageri; East Abadi; South West Salawati; West Berau; and Kai. Six other blocks are available via direct offer: Kalyani; South Baturaja;North Baturaja; Kuala Pambuang; Offshore Tanjung Aru; and South East Seram. Indonesia has been struggling to increase its declining crude oil output in the absence of any major oil reserve discoveries in recent years.
11 Oktober METROPOLITAN LAND DIVIDEND, CUM, BI Rate
*DJ Bank Tabungan Negara Target Cut To IDR1,400 Vs IDR1,750 By GS
*DJ Bank Tabungan Negara Raised To Buy From Neutral By GS
*DJ Bank Rakyat Indonesia Target Cut To IDR5,800 Vs IDR7,050 By GS
*DJ Bank Negara Indonesia Target Cut To IDR3,500 Vs IDR4,300 By GS
*DJ Bank Mandiri Target Cut To IDR7,100 Vs IDR8,500 By GS
*DJ Bank Danamon Target Cut To IDR3,800 vs IDR5,244 By GS
DEWA THIRD-QUARTER NET PROFIT MAY MORE THAN DOUBLE TO $4.2 MILLION
BUMI TO COMPLETE FIRST-TRANCHE REPAYMENT OF $600 MILLION OF DEBT TO CIC BY THURSDAY (OCTOBER 13)
DBS Vickers:: Indofood Sukses Makmur : Hold; Rp4,925;
Price Target : Rp5,050 (previous: Rp6,900); INDF IJ
Still in correction mode
FY11F-13F earnings cut by 1-6% on FX rate changes, adjustments in CPO prices. Weaker Rupiah to lift domestic costs of wheat and CPO – margins slightly lowered. Seasonally higher consumption to boost 3Q11 sales. TP revised to Rp5,050. Hold rating maintained on limited 2.5% upside (ex. c.2% dividend yield).
BLOOMBERG: *INDONESIA'S KEY STOCK INDEX GAINS 0.1% TO 3,429.52 AT BREAK
BLOOMBERG: *MEDCO RISES, BIGGEST THREE-DAY GAIN IN A YEAR, AFTER BOND PLAN
Bloomberg: Rupiah Falls Toward 15-Month Low Before Interest-Rate Decision
Asing Tahan IHSG Sesi I Berakhir Naik 0,18%> net foreign buy Rp15,67 miliar.
http://pasarmodal.inilah.com/read/detail/1783538/asing-tahan-ihsg-sesi-i-berakhir-naik-018
Sesi I
Transaksi Kurang dari Rp 1 Triliun, IHSG Naik Tipis 3 Poin
http://finance.detik.com/read/2011/10/10/120617/1740411/6/transaksi-kurang-dari-rp-1-triliun-ihsg-naik-tipis-3-poin
Setelah bergerak liar, IHSG ditutup naik 0,11% di sesi I
http://investasi.kontan.co.id/v2/read/1318223245/79539/Setelah-bergerak-liar-IHSG-ditutup-naik-011-di-sesi-I
Investor Sebaiknya Main Cepat pada Saham Selektif
http://pasarmodal.inilah.com/read/detail/1783536/investor-sebaiknya-main-cepat-pada-saham-selektif
SMRU Targetkan Produksi Mangan 50 Rb Ton di 2012
http://pasarmodal.inilah.com/read/detail/1783523/smru-targetkan-produksi-mangan-50-rb-ton-di-2012
Astra Otoparts Sebar Dividen Interim Rp 30 per Saham
http://finance.detik.com/read/2011/10/10/121447/1740423/6/astra-otoparts-sebar-dividen-interim-rp-30-per-saham
Bunga Bank Naik, Adhi Karya Prediksi Laba 2011 Turun
http://finance.detik.com/read/2011/10/10/120411/1740408/6/bunga-bank-naik-adhi-karya-prediksi-laba-2011-turun
Fajar Surya Bagi Dividen Interim Rp 12 di November
http://finance.detik.com/read/2011/10/10/102515/1740294/6/fajar-surya-bagi-dividen-interim-rp-12-di-november
Pasar motor diprediksi meningkat, saham ASII bergerak liar
http://investasi.kontan.co.id/v2/read/1318218055/79520/Pasar-motor-diprediksi-meningkat-saham-ASII-bergerak-liar
Spekulasi BI pertahankan bunga, rupiah mendekati level terlemah 15 bulan
http://investasi.kontan.co.id/v2/read/1318219559/79527/Spekulasi-BI-pertahankan-bunga-rupiah-mendekati-level-terlemah-15-bulan
Bursa China jatuh ke level paling rendah dalam dua tahun
http://investasi.kontan.co.id/v2/read/1318221002/79530/Bursa-China-jatuh-ke-level-paling-rendah-dalam-dua-tahun
Kondisi modal masih terjaga, BJBR belum berniat right issue
http://investasi.kontan.co.id/v2/read/1318221731/79534/Kondisi-modal-masih-terjaga-BJBR-belum-berniat-right-issue
Bloomberg: Rupiah Slide May Force Indonesia to Delay Interest-Rate Cut
Bloomberg: Indonesia’s SMR Utama Advances 13% in Jakarta Trading Debut
Bloomberg: CICC Sees Counter-Trend Rally, Names Stocks Likely Worth Trading
Bloomberg: Indonesia’s September Tin Exports Decline to 5,233.06 Tons
Bloomberg: Greenwood Sejahtera Plans IPO This Year, Bisnis Indonesia Says
Bloomberg: Most Asian Stocks Rise as Leaders Ease European Debt Concerns
Bloomberg: Medco Energi Plans to Sell $30 Million of Bonds to Repay Debt
Bloomberg: Agung Podomoro Land Plans Acquisition, Bisnis Indonesia Reports
Bloomberg: China Collapse Latest in Year of Unmaterialized Fears, Citi Says
Bloomberg: China Nickel to Buy Indonesia Mine for About HK$2.1 Billion
Analis: Waspadai aksi profit taking lanjutan
http://investasi.kontan.co.id/v2/read/1318209745/79501/Analis-Waspadai-aksi-profit-taking-lanjutan
Sesaat setelah listing, SMRU melejit 10% ke Rp 670 per saham
http://investasi.kontan.co.id/v2/read/1318214220/79513/Sesaat-setelah-listing-SMRU-melejit-10-ke-Rp-670-per-saham
Pemegang saham KIJA restui rencana right issue
http://investasi.kontan.co.id/v2/read/1317981127/79415/Pemegang-saham-KIJA-restui-rencana-right-issue
Konsorsium ADRO teken kontrak jual listrik dengan PLN selama 25 tahun
http://investasi.kontan.co.id/v2/read/1317983257/79420/Konsorsium-ADRO-teken-kontrak-jual-listrik-dengan-PLN-selama-25-tahun
ELTY berhenti menambah tanah
http://investasi.kontan.co.id/v2/read/1318036049/79444/ELTY-berhenti-menambah-tanah
Tahun depan, CTTH fokus ekspansi marmer untuk sektor perumahan
http://investasi.kontan.co.id/v2/read/1318055346/79454/Tahun-depan-CTTH-fokus-ekspansi-marmer-untuk-sektor-perumahan
Dua pekan, indeks acuan harga obligasi pemerintah naik hampir 10%
http://investasi.kontan.co.id/v2/read/1318060800/79457/Dua-pekan-indeks-acuan-harga-obligasi-pemerintah-naik-hampir-10
NIKL patok kenaikan pendapatan hingga 40% pada 2012
http://investasi.kontan.co.id/v2/read/1318166387/79484/NIKL-patok-kenaikan-pendapatan-hingga-40-pada-2012
Ini dia emiten yang kinerjanya tidak terpengaruh krisis
http://investasi.kontan.co.id/v2/read/1318203073/79487/Ini-dia-emiten-yang-kinerjanya-tidak-terpengaruh-krisis
Antam bersiap akuisisi tambang baru batubara
http://investasi.kontan.co.id/v2/read/1318204938/79490/Antam-bersiap-akuisisi-tambang-baru-batubara
BIPI anggarkan dana capex US$ 24 juta di 2012
http://investasi.kontan.co.id/v2/read/1318205458/79491/BIPI-anggarkan-dana-capex-US-24-juta-di-2012
Berpotensi Turun, IHSG Dibuka Naik 0,11%
http://pasarmodal.inilah.com/read/detail/1783480/berpotensi-turun-ihsg-dibuka-naik-011
Investor Cermati Krisis Eropa, IHSG Hanya Naik Tipis
http://finance.detik.com/read/2011/10/10/093648/1740235/6/investor-cermati-krisis-eropa-ihsg-hanya-naik-tipis
Rekomendasi Saham
IHSG Fluktuatif Menanti Kabar Krisis Eropa
http://finance.detik.com/read/2011/10/10/072827/1740171/6/ihsg-fluktuatif-menanti-kabar-krisis-eropa
Dibidik Glencore, 'Speculative Buy' BNBR
http://pasarmodal.inilah.com/read/detail/1783474/dibidik-glencore-speculative-buy-bnbr
Glencore Beli Saham Bumi Plc Tunggu Harga Turun
http://pasarmodal.inilah.com/read/detail/1783469/glencore-beli-saham-bumi-plc-tunggu-harga-turun
SMRU Catatkan Saham Perdana di BEI
http://pasarmodal.inilah.com/read/detail/1783296/smru-catatkan-saham-perdana-di-bei
Strategi Alokasi Aset untuk Investasi
http://pasarmodal.inilah.com/read/detail/1783300/strategi-alokasi-aset-untuk-investasi
Investor Disarankan Main di Saham Defensif & Bank
http://pasarmodal.inilah.com/read/detail/1783118/investor-disarankan-main-di-saham-defensif-bank
Krisis Global, Picu Rupiah Jauhi Level Rp8.000/US$
http://ekonomi.inilah.com/read/detail/1782925/krisis-global-picu-rupiah-jauhi-level-rp8000us
Total Emisi Obligasi/Sukuk/EBA Capai Rp28,81 T
http://pasarmodal.inilah.com/read/detail/1782720/total-emisi-obligasisukukeba-capai-rp2881-t
KIAS akan Segera Kuasi Reorganisasi
http://pasarmodal.inilah.com/read/detail/1774807/kias-akan-segera-kuasi-reorganisasi
Greenwood Sejahtera Lepas 13,3 miliar saham
http://pasarmodal.inilah.com/read/detail/1783255/greenwood-sejahtera-lepas-133-miliar-saham
Ups! Sepekan, Saham Bank Yunani Turun 15,5%
http://pasarmodal.inilah.com/read/detail/1783077/ups-sepekan-saham-bank-yunani-turun-155
Upaya Eropa Cegah Krisis, Angkat Bursa Asia
http://pasarmodal.inilah.com/read/detail/1782672/upaya-eropa-cegah-krisis-angkat-bursa-asia
WIKA Investasi di Infrastruktur dan Energi
http://pasarmodal.inilah.com/read/detail/1778172/wika-investasi-di-infrastruktur-dan-energi
Elnusa Perkirakan Kontrak Baru US$170 Juta
http://pasarmodal.inilah.com/read/detail/1724982/elnusa-perkirakan-kontrak-baru-us170-juta
NAB Reksa Dana Syariah Rp5,60T
http://pasarmodal.inilah.com/read/detail/1773144/nab-reksa-dana-syariah-rp560t
Ramai-ramai Berlindung di Reksadana Terproteksi
http://pasarmodal.inilah.com/read/detail/1783355/ramai-ramai-berlindung-di-reksadana-terproteksi
Danareksa meminta suntikan modal
http://investasi.kontan.co.id/v2/read/1318209015/79500/Danareksa-meminta-suntikan-modal
[Dow Jones] The USD/IDR is lower at 8,950 vs 8,975 late Friday on improving risk appetite globally, dealers say. "We saw some foreign names selling dollars in the market this morning likely for long-term investment," a dealer says. Meanwhile Bank Indonesia, who last month spent around $10 billion to help defend the rupiah, has not yet been heard selling the greenback this morning. Dealers tip a 8,930-8,980 range for today. (i-made.sentana@dowjones.com)
[Dow Jones] Base metals are trading higher on the London Metal Exchange as Chinese buying activity picks up as markets there reopen after the week-long National Day holiday. Three-month zinc is leading the gains, trading 1.0% higher at $1,940 a metric ton. Benchmark three-month copper is up $3 at $7,371/ton. Friday's better-than-expected U.S. non-farm payrolls report is helping boost sentiment in Asia Monday, although analysts warn that the complex remains extremely sensitive in the near term to macroeconomic indicators from Europe that could suggest a mid-to-long-term slowdown in demand. A softer USD is also helping buoy the base metals; the EUR/USD is at 1.3460 from 1.3375 late in New York Friday
[Dow Jones] The Kospi is likely to open lower, tracking falls in the U.S. stocks, but downside may be limited as measures to inject liquidity into European banks seem to be on the way, analysts say; "(German Chancellor) Merkel and (French President) Sarkozy provided few details on the plan, but pledged to unveil a comprehensive plan to contain the euro-zone debt crisis by the end of the month," says Bae Sung-young, an analyst at Hyundai Securities. He notes financial stocks may fall after their U.S. peers fell sharply Friday. But he adds "stocks that have fallen a lot may show a rebound, helping the index try the 1800 level this week." Further, he says as Samsung Electronics (005930.SE) came up with stronger-than-expected 3Q guidance Friday, sentiment looks more positive towards some upcoming 3Q earnings results. The Kospi ended up 2.9% at 1759.77 Friday. (kyong-ae.choi@dowjones.com)
[Dow Jones] The HSI may fall to track Wall Street's declines on Friday, while profit-taking pressure is also likely to emerge after the index rose 9.0% over the past two sessions, with Prudential Brokerage's associate director Alvin Cheung tipping the index's support around 17,500. "I don't expect a sharp fall today, as the overall trading sentiment has been stabilized and I believe the index could test 18,000 in the near-term after a short-term consolidation;" the HSI ended up 3.1% at 17,707.01 Friday. HK property stocks are expected to fall today, on expectations the Chief Executive Donald Tsang plans to reiterate his pledge to boost land supply in his final policy addresss on Oct. 12, as well as announce plans to resume construction of subsidized homes as property prices remain far beyond the reach of many local households. Sinopec (0386.HK) may lag after fuel price cut news in China. (susanna.tai@dowjones.com)
[Dow Jones] China shares may rise tracking gains in global markets last week while the onshore market was closed for National Day holiday. The Shanghai Composite Index may see resistance at 2400 after ending at a near 30-month low of 2359.22 (down 0.3%) on Sept. 30. "The stock market may start to rebound after recent falls. The government's resolution to support Wenzhou is positive as it may prevent China's 'subprime crisis'," says Li Bin, an analyst with Guolian Securities. Chinese Premier Wen Jiabao visited Wenzhou last week and urged stronger financial support for cash-strapped smaller businesses, highlighting concerns that a capital shortage could be spreading, according to the state-run Xinhua News Agency. The Shenzhen index was down 0.2% at 1004.52 on Sept. 30.(wynne.wang@dowjones.com)
3451.08(25.40pts)(+0.74%)
(H: 3452.42 ; L: 3424.56 )
Value: 2.18T (NG 209 B )
Volume: 2.29B (NG 254 M )
Foreign Nett Sell: 5.12 B
USD/IDR : 8945 (On Shore)
8902.5 (Off Shore)
6 MARKET DRIVEN BY SECTOR
FINANCE. (+2.13%)(511.851 B )
MANUFACTUR(+0.52%)(474.700 B )
MINING. (-0.09%)(464.700 B )
INFRASTRUC(-0.03%)(333.543 B )
PROPERTY. (+0.78%)(169.288 B )
CONSUMER. (-0.32%)(77.012 B )
6 NETT BUY STOCKs BY FOREIGN
BORN. @894. (30.476 B )
BMRI. @6154. (17.960 B )
ACES. @3400 (14.285 B )
AMAG. @152. (13.882 B )
BHIT. @191. (11.879 B )
LPKR. @616. (10.416 B )
6 NETT SELL STOCKs BY FOREIGN
BNBR. @51. (49.969 B )
BBKP. @519. (33.059 B )
TLKM. @7174. (17.3001 B )
ENRG. @126. (10.195 B )
BTEL. @293. (8.92 B )
TMPI. @116. (6.38 B )
8 MOST ACTIVE STOCKs BY VALUE
ASII. @64150 (+1.42% )
BUMI. @1920. (-0.51% )
BMRI. @6250. (+4.16%)
BBRI. @6050. (+4.31%)
TLKM. @7200. (-0.69%)
BBCA. @7500. (+0.67%)
TRAM. @750. (-1.31%)
PTBA. @13850 (-1.07%)
8 MOST ACTIVE STOCKs BY VOLUME
KIJA. @165. (335.253 M )
ENRG. @125. (177.340 M )
BNBR. @51. (168.583 M )
STAR-W @16. (128.879 M )
BUMI. @1920(92.576 M )
STAR. @260. (79.991 M )
DEWA. @70. (77.413 M )
LPKR. @620. (77.153 M )
Saham PT Solusi Tunas Alami Fully Subcribed
http://pasarmodal.inilah.com/read/detail/1783675/saham-pt-solusi-tunas-alami-fully-subcribed
Meski Transaksi Sepi, IHSG Rebound 25 Poin
http://finance.detik.com/read/2011/10/10/160735/1740751/6/meski-transaksi-sepi-ihsg-rebound-25-poin
Awal Pekan, ASII Pimpin Penguatan IHSG
http://pasarmodal.inilah.com/read/detail/1783644/awal-pekan-asii-pimpin-penguatan-ihsg
Asing Net Sell, IHSG hanya Menguat 0,74%. net foreign sell Rp5,1 miliar
http://pasarmodal.inilah.com/read/detail/1783637/asing-net-sell-ihsg-hanya-menguat-074
Rencana Khusus Eropa Bangkitkan Rupiah
http://pasarmodal.inilah.com/read/detail/1783668/rencana-khusus-eropa-bangkitkan-rupiah
Kesepakatan Merkel-Sarkozy Angkat Bursa Asia
http://pasarmodal.inilah.com/read/detail/1783665/kesepakatan-merkel-sarkozy-angkat-bursa-asia
Saham KIJA Teraktif pada Perdagangan Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783658/saham-kija-teraktif-pada-perdagangan-senin-1010
BNBR Terbanyak Dilepas Asing Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783650/bnbr-terbanyak-dilepas-asing-senin-1010
September, Laba Bank Mutiara Tumbuh 310%
http://pasarmodal.inilah.com/read/detail/1783590/september-laba-bank-mutiara-tumbuh-310
Wuih.. BEI Siap Segera Ajukan Jam Perdagangan
http://pasarmodal.inilah.com/read/detail/1783573/wuih-bei-siap-segera-ajukan-jam-perdagangan
Inilah 10 Top Net Foreign Buy Saham Senin (10/10)
http://pasarmodal.inilah.com/read/detail/1783642/inilah-10-top-net-foreign-buy-saham-senin-1010
Survei: Resesi Hancurkan Pendapatan Rumah Tangga
http://pasarmodal.inilah.com/read/detail/1783616/survei-resesi-hancurkan-pendapatan-rumah-tangga
Adhi Karya Bidik Rights Issue Rp 800 Miliar
http://finance.detik.com/read/2011/10/10/144421/1740656/6/adhi-karya-bidik-rights-issue-rp-800-miliar
Total Kontrak Wijaya Karya Capai Rp 8,1 Triliun
http://finance.detik.com/read/2011/10/10/141815/1740629/6/total-kontrak-wijaya-karya-capai-rp-81-triliun
Oktober, Waktu Tepat Jual Saham di Bursa
http://finance.detik.com/read/2011/10/10/140555/1740611/6/oktober-waktu-tepat-jual-saham-di-bursa
REMINDER about KIJA:::: http://www.bisnis.com/articles/greenwood-sejahtera-goes-public
13 Oktober BW PLANTATION DIVIDEND, RP 9 CUM, BUMI TO COMPLETE FIRST-TRANCHE REPAYMENT OF $600 MILLION OF DEBT TO CIC BY THURSDAY ,Cum Right Issue KIJA 500:219 (250)
Bloomberg: *PT ATLAS RESOURCES SEEKS IPO OF UP TO $125 MLN, TERMS SHOW. *SHARES BEING OFFERED AT IDR1,500-IDR1,900 EACH, TERMS SHOW. *UBS IS SOLE GLOBAL COORDINATOR FOR PT ATLAS RESOURCES IPO
Bloomberg: Indonesia Consumer Confidence Reaches Highest Since July 2009
2. Top BUYS and SELLS
2.1 Top BUYS
#1: Astra Internasional • Our top pick is the largest stock on the JCI and is widely viewed as good proxy for Indonesia’s economy. Its dtrong balance sheet, good credit ratings and above-average corporate governance cement its blue chip status. • Even if the auto sector is squeezed by tight liquidity, Astra normally gains market share because of: 1) the popularity of its models, which means lower collateral risk; 2) its well-capitalised finance companies that will support. • Bottom at P/E of 4x and 1x P/BV in 2008/9 but that was in the darkest moments when financing was in question and lending rates rocketed.
October 10, 2011 7
#2: Gudang Garam (GGRM IJ) • Industry consolidation prodded by the government via higher taxes for smaller producers play in favour of GG. This, coupled with normalising excise collections, should allow GG to boost its margins. • The completion of its internal restructuring means market share will continue to firm up, while distribution margin gains cannot be ruled out in the medium term. • Bottom at 2.4x P/E and 0.5x P/BV in 2008/9 in part due to restructuring just starting and industry consolidation still at an infancy stage.
#3: Bank Mandiri (BMRI IJ) • Underperforming big bank peers from the peak in early Aug 11 on overplayed concerns, we believe. Valuation is attractive at 2.3-2.0x FY11-12 P/BV and 9.7-8.9x PE. • Loan growth should outpace big bank peers (Jun 11: 27% vs. sector's 24%), in our view, while NIM could increase on expansions to micro and auto loans vs. other big banks' trends of flat or slightly down. • Bottom at 4x and 0.8x P/E and P/BV in 2008/9 as bank failure concerns were heightened by the Century and Indover bank failures then. Not so now.
2.2 Top SELLS
#1: Indo Tambangraya (ITMG IJ) • Most exposed to price risk as the company is a play on price, given the limited growth outlook and high exposure to the export market (90% sales are exports). • Limited reserve life and lower volume growth vs. peers (10% 3-yr CAGR production growth). • While the valuation looks attractive at 7.5x CY12 P/E, softening price outlook translates to unattractive growth profile and earning risks - in 2008, valuation bottomed at 6.2x P/E.
#2: International Nickel (INCO IJ) • Highly vulnerable to commodity price risks due to the decline in nickel prices on global growth concerns - despite its recent ~30% fall, nickel prices bottomed at US$9,000/tonne in 2008, translating to a 55% downside risk in the event of a full blown global recession.
• Single commodity exposure, with no hedge against declining commodity prices. • While the valuation looks attractive at 5.7x CY12 P/E (vs. bottom of 6.1x in 2008), we see major (30-40%) earnings downside from lower nickel prices.
October 10, 2011 9
#3: Timah (TINS IJ) • Highly vulnerable to commodity price risks due to decline in tin prices on global growth concerns - despite its recent ~50% fall, tin prices bottomed at US$10,000/tonne in 2008, translating to 50% downside risk. • Unfavourable cost structure (high-cost of offshore operations and purchase from small-scale miners for the inland operations) which doesn't bode well for the company in a declining price environment. • Valuation is a bit high at 9.0x CY12 P/E (valuation bottomed at 9.2x P/E), but we see major (30-40%) down
JAKARTA (Dow Jones)--Indonesia's government has opened bidding for 15 oil and gas blocks, a government official said Monday. Evita Legowo, director of oil and gas at the Department of Energy and Mineral Resources, said nine blocks are on offer via the regular bidding mechanism: the Kuningan Block; Offshore South Java I, II and III; South East Sageri; East Abadi; South West Salawati; West Berau; and Kai. Six other blocks are available via direct offer: Kalyani; South Baturaja;North Baturaja; Kuala Pambuang; Offshore Tanjung Aru; and South East Seram. Indonesia has been struggling to increase its declining crude oil output in the absence of any major oil reserve discoveries in recent years.
11 Oktober METROPOLITAN LAND DIVIDEND, CUM, BI Rate
*DJ Bank Tabungan Negara Target Cut To IDR1,400 Vs IDR1,750 By GS
*DJ Bank Tabungan Negara Raised To Buy From Neutral By GS
*DJ Bank Rakyat Indonesia Target Cut To IDR5,800 Vs IDR7,050 By GS
*DJ Bank Negara Indonesia Target Cut To IDR3,500 Vs IDR4,300 By GS
*DJ Bank Mandiri Target Cut To IDR7,100 Vs IDR8,500 By GS
*DJ Bank Danamon Target Cut To IDR3,800 vs IDR5,244 By GS
DEWA THIRD-QUARTER NET PROFIT MAY MORE THAN DOUBLE TO $4.2 MILLION
BUMI TO COMPLETE FIRST-TRANCHE REPAYMENT OF $600 MILLION OF DEBT TO CIC BY THURSDAY (OCTOBER 13)
DBS Vickers:: Indofood Sukses Makmur : Hold; Rp4,925;
Price Target : Rp5,050 (previous: Rp6,900); INDF IJ
Still in correction mode
FY11F-13F earnings cut by 1-6% on FX rate changes, adjustments in CPO prices. Weaker Rupiah to lift domestic costs of wheat and CPO – margins slightly lowered. Seasonally higher consumption to boost 3Q11 sales. TP revised to Rp5,050. Hold rating maintained on limited 2.5% upside (ex. c.2% dividend yield).
BLOOMBERG: *INDONESIA'S KEY STOCK INDEX GAINS 0.1% TO 3,429.52 AT BREAK
BLOOMBERG: *MEDCO RISES, BIGGEST THREE-DAY GAIN IN A YEAR, AFTER BOND PLAN
Bloomberg: Rupiah Falls Toward 15-Month Low Before Interest-Rate Decision
Asing Tahan IHSG Sesi I Berakhir Naik 0,18%> net foreign buy Rp15,67 miliar.
http://pasarmodal.inilah.com/read/detail/1783538/asing-tahan-ihsg-sesi-i-berakhir-naik-018
Sesi I
Transaksi Kurang dari Rp 1 Triliun, IHSG Naik Tipis 3 Poin
http://finance.detik.com/read/2011/10/10/120617/1740411/6/transaksi-kurang-dari-rp-1-triliun-ihsg-naik-tipis-3-poin
Setelah bergerak liar, IHSG ditutup naik 0,11% di sesi I
http://investasi.kontan.co.id/v2/read/1318223245/79539/Setelah-bergerak-liar-IHSG-ditutup-naik-011-di-sesi-I
Investor Sebaiknya Main Cepat pada Saham Selektif
http://pasarmodal.inilah.com/read/detail/1783536/investor-sebaiknya-main-cepat-pada-saham-selektif
SMRU Targetkan Produksi Mangan 50 Rb Ton di 2012
http://pasarmodal.inilah.com/read/detail/1783523/smru-targetkan-produksi-mangan-50-rb-ton-di-2012
Astra Otoparts Sebar Dividen Interim Rp 30 per Saham
http://finance.detik.com/read/2011/10/10/121447/1740423/6/astra-otoparts-sebar-dividen-interim-rp-30-per-saham
Bunga Bank Naik, Adhi Karya Prediksi Laba 2011 Turun
http://finance.detik.com/read/2011/10/10/120411/1740408/6/bunga-bank-naik-adhi-karya-prediksi-laba-2011-turun
Fajar Surya Bagi Dividen Interim Rp 12 di November
http://finance.detik.com/read/2011/10/10/102515/1740294/6/fajar-surya-bagi-dividen-interim-rp-12-di-november
Pasar motor diprediksi meningkat, saham ASII bergerak liar
http://investasi.kontan.co.id/v2/read/1318218055/79520/Pasar-motor-diprediksi-meningkat-saham-ASII-bergerak-liar
Spekulasi BI pertahankan bunga, rupiah mendekati level terlemah 15 bulan
http://investasi.kontan.co.id/v2/read/1318219559/79527/Spekulasi-BI-pertahankan-bunga-rupiah-mendekati-level-terlemah-15-bulan
Bursa China jatuh ke level paling rendah dalam dua tahun
http://investasi.kontan.co.id/v2/read/1318221002/79530/Bursa-China-jatuh-ke-level-paling-rendah-dalam-dua-tahun
Kondisi modal masih terjaga, BJBR belum berniat right issue
http://investasi.kontan.co.id/v2/read/1318221731/79534/Kondisi-modal-masih-terjaga-BJBR-belum-berniat-right-issue
Bloomberg: Rupiah Slide May Force Indonesia to Delay Interest-Rate Cut
Bloomberg: Indonesia’s SMR Utama Advances 13% in Jakarta Trading Debut
Bloomberg: CICC Sees Counter-Trend Rally, Names Stocks Likely Worth Trading
Bloomberg: Indonesia’s September Tin Exports Decline to 5,233.06 Tons
Bloomberg: Greenwood Sejahtera Plans IPO This Year, Bisnis Indonesia Says
Bloomberg: Most Asian Stocks Rise as Leaders Ease European Debt Concerns
Bloomberg: Medco Energi Plans to Sell $30 Million of Bonds to Repay Debt
Bloomberg: Agung Podomoro Land Plans Acquisition, Bisnis Indonesia Reports
Bloomberg: China Collapse Latest in Year of Unmaterialized Fears, Citi Says
Bloomberg: China Nickel to Buy Indonesia Mine for About HK$2.1 Billion
Analis: Waspadai aksi profit taking lanjutan
http://investasi.kontan.co.id/v2/read/1318209745/79501/Analis-Waspadai-aksi-profit-taking-lanjutan
Sesaat setelah listing, SMRU melejit 10% ke Rp 670 per saham
http://investasi.kontan.co.id/v2/read/1318214220/79513/Sesaat-setelah-listing-SMRU-melejit-10-ke-Rp-670-per-saham
Pemegang saham KIJA restui rencana right issue
http://investasi.kontan.co.id/v2/read/1317981127/79415/Pemegang-saham-KIJA-restui-rencana-right-issue
Konsorsium ADRO teken kontrak jual listrik dengan PLN selama 25 tahun
http://investasi.kontan.co.id/v2/read/1317983257/79420/Konsorsium-ADRO-teken-kontrak-jual-listrik-dengan-PLN-selama-25-tahun
ELTY berhenti menambah tanah
http://investasi.kontan.co.id/v2/read/1318036049/79444/ELTY-berhenti-menambah-tanah
Tahun depan, CTTH fokus ekspansi marmer untuk sektor perumahan
http://investasi.kontan.co.id/v2/read/1318055346/79454/Tahun-depan-CTTH-fokus-ekspansi-marmer-untuk-sektor-perumahan
Dua pekan, indeks acuan harga obligasi pemerintah naik hampir 10%
http://investasi.kontan.co.id/v2/read/1318060800/79457/Dua-pekan-indeks-acuan-harga-obligasi-pemerintah-naik-hampir-10
NIKL patok kenaikan pendapatan hingga 40% pada 2012
http://investasi.kontan.co.id/v2/read/1318166387/79484/NIKL-patok-kenaikan-pendapatan-hingga-40-pada-2012
Ini dia emiten yang kinerjanya tidak terpengaruh krisis
http://investasi.kontan.co.id/v2/read/1318203073/79487/Ini-dia-emiten-yang-kinerjanya-tidak-terpengaruh-krisis
Antam bersiap akuisisi tambang baru batubara
http://investasi.kontan.co.id/v2/read/1318204938/79490/Antam-bersiap-akuisisi-tambang-baru-batubara
BIPI anggarkan dana capex US$ 24 juta di 2012
http://investasi.kontan.co.id/v2/read/1318205458/79491/BIPI-anggarkan-dana-capex-US-24-juta-di-2012
Berpotensi Turun, IHSG Dibuka Naik 0,11%
http://pasarmodal.inilah.com/read/detail/1783480/berpotensi-turun-ihsg-dibuka-naik-011
Investor Cermati Krisis Eropa, IHSG Hanya Naik Tipis
http://finance.detik.com/read/2011/10/10/093648/1740235/6/investor-cermati-krisis-eropa-ihsg-hanya-naik-tipis
Rekomendasi Saham
IHSG Fluktuatif Menanti Kabar Krisis Eropa
http://finance.detik.com/read/2011/10/10/072827/1740171/6/ihsg-fluktuatif-menanti-kabar-krisis-eropa
Dibidik Glencore, 'Speculative Buy' BNBR
http://pasarmodal.inilah.com/read/detail/1783474/dibidik-glencore-speculative-buy-bnbr
Glencore Beli Saham Bumi Plc Tunggu Harga Turun
http://pasarmodal.inilah.com/read/detail/1783469/glencore-beli-saham-bumi-plc-tunggu-harga-turun
SMRU Catatkan Saham Perdana di BEI
http://pasarmodal.inilah.com/read/detail/1783296/smru-catatkan-saham-perdana-di-bei
Strategi Alokasi Aset untuk Investasi
http://pasarmodal.inilah.com/read/detail/1783300/strategi-alokasi-aset-untuk-investasi
Investor Disarankan Main di Saham Defensif & Bank
http://pasarmodal.inilah.com/read/detail/1783118/investor-disarankan-main-di-saham-defensif-bank
Krisis Global, Picu Rupiah Jauhi Level Rp8.000/US$
http://ekonomi.inilah.com/read/detail/1782925/krisis-global-picu-rupiah-jauhi-level-rp8000us
Total Emisi Obligasi/Sukuk/EBA Capai Rp28,81 T
http://pasarmodal.inilah.com/read/detail/1782720/total-emisi-obligasisukukeba-capai-rp2881-t
KIAS akan Segera Kuasi Reorganisasi
http://pasarmodal.inilah.com/read/detail/1774807/kias-akan-segera-kuasi-reorganisasi
Greenwood Sejahtera Lepas 13,3 miliar saham
http://pasarmodal.inilah.com/read/detail/1783255/greenwood-sejahtera-lepas-133-miliar-saham
Ups! Sepekan, Saham Bank Yunani Turun 15,5%
http://pasarmodal.inilah.com/read/detail/1783077/ups-sepekan-saham-bank-yunani-turun-155
Upaya Eropa Cegah Krisis, Angkat Bursa Asia
http://pasarmodal.inilah.com/read/detail/1782672/upaya-eropa-cegah-krisis-angkat-bursa-asia
WIKA Investasi di Infrastruktur dan Energi
http://pasarmodal.inilah.com/read/detail/1778172/wika-investasi-di-infrastruktur-dan-energi
Elnusa Perkirakan Kontrak Baru US$170 Juta
http://pasarmodal.inilah.com/read/detail/1724982/elnusa-perkirakan-kontrak-baru-us170-juta
NAB Reksa Dana Syariah Rp5,60T
http://pasarmodal.inilah.com/read/detail/1773144/nab-reksa-dana-syariah-rp560t
Ramai-ramai Berlindung di Reksadana Terproteksi
http://pasarmodal.inilah.com/read/detail/1783355/ramai-ramai-berlindung-di-reksadana-terproteksi
Danareksa meminta suntikan modal
http://investasi.kontan.co.id/v2/read/1318209015/79500/Danareksa-meminta-suntikan-modal
[Dow Jones] The USD/IDR is lower at 8,950 vs 8,975 late Friday on improving risk appetite globally, dealers say. "We saw some foreign names selling dollars in the market this morning likely for long-term investment," a dealer says. Meanwhile Bank Indonesia, who last month spent around $10 billion to help defend the rupiah, has not yet been heard selling the greenback this morning. Dealers tip a 8,930-8,980 range for today. (i-made.sentana@dowjones.com)
[Dow Jones] Base metals are trading higher on the London Metal Exchange as Chinese buying activity picks up as markets there reopen after the week-long National Day holiday. Three-month zinc is leading the gains, trading 1.0% higher at $1,940 a metric ton. Benchmark three-month copper is up $3 at $7,371/ton. Friday's better-than-expected U.S. non-farm payrolls report is helping boost sentiment in Asia Monday, although analysts warn that the complex remains extremely sensitive in the near term to macroeconomic indicators from Europe that could suggest a mid-to-long-term slowdown in demand. A softer USD is also helping buoy the base metals; the EUR/USD is at 1.3460 from 1.3375 late in New York Friday
[Dow Jones] The Kospi is likely to open lower, tracking falls in the U.S. stocks, but downside may be limited as measures to inject liquidity into European banks seem to be on the way, analysts say; "(German Chancellor) Merkel and (French President) Sarkozy provided few details on the plan, but pledged to unveil a comprehensive plan to contain the euro-zone debt crisis by the end of the month," says Bae Sung-young, an analyst at Hyundai Securities. He notes financial stocks may fall after their U.S. peers fell sharply Friday. But he adds "stocks that have fallen a lot may show a rebound, helping the index try the 1800 level this week." Further, he says as Samsung Electronics (005930.SE) came up with stronger-than-expected 3Q guidance Friday, sentiment looks more positive towards some upcoming 3Q earnings results. The Kospi ended up 2.9% at 1759.77 Friday. (kyong-ae.choi@dowjones.com)
[Dow Jones] The HSI may fall to track Wall Street's declines on Friday, while profit-taking pressure is also likely to emerge after the index rose 9.0% over the past two sessions, with Prudential Brokerage's associate director Alvin Cheung tipping the index's support around 17,500. "I don't expect a sharp fall today, as the overall trading sentiment has been stabilized and I believe the index could test 18,000 in the near-term after a short-term consolidation;" the HSI ended up 3.1% at 17,707.01 Friday. HK property stocks are expected to fall today, on expectations the Chief Executive Donald Tsang plans to reiterate his pledge to boost land supply in his final policy addresss on Oct. 12, as well as announce plans to resume construction of subsidized homes as property prices remain far beyond the reach of many local households. Sinopec (0386.HK) may lag after fuel price cut news in China. (susanna.tai@dowjones.com)
[Dow Jones] China shares may rise tracking gains in global markets last week while the onshore market was closed for National Day holiday. The Shanghai Composite Index may see resistance at 2400 after ending at a near 30-month low of 2359.22 (down 0.3%) on Sept. 30. "The stock market may start to rebound after recent falls. The government's resolution to support Wenzhou is positive as it may prevent China's 'subprime crisis'," says Li Bin, an analyst with Guolian Securities. Chinese Premier Wen Jiabao visited Wenzhou last week and urged stronger financial support for cash-strapped smaller businesses, highlighting concerns that a capital shortage could be spreading, according to the state-run Xinhua News Agency. The Shenzhen index was down 0.2% at 1004.52 on Sept. 30.(wynne.wang@dowjones.com)
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