2nd session on JCI 25.05.11
@ 3780.16 (-5.78pts) (-0.15%)
H: 3786.90 ; L: 3760.79
Value: 4.01 T (NG 823 B )
Volume: 4.23 B (NG 4.02 B )
(Incl. Crossing : ENRG@148~IDR 536 B)
Foreign Nett Sell: 259 B
USD/IDR: 8598
10 most active stocks by value:
BUMI @ 3400 (+1.49%)
BBRI @ 6150 (-0.80%)
BMRI @ 6950 (-2.11%)
ADRO @ 2375 (+2.15%)
ENRG @ 192 (-1.03%)
ASII @ 58100 (0.00%)
BORN @1530 (+2.68%)
SMGR @ 9700 (+0.51%)
ITMG @ 46650 (-0.10%)
BBNI @3775 (-0.65%)
10 most active stocks by volume:
ENRG @ 79 (-2.46%)
BNBR @ 192 (-1.03%)
ELTY @ 163 (-2.39%)
ENRG-W @ 54 (0.00%)
DEWA @ 98 (-3.92%)
IPOL @ 205 (+5.12%)
ELTY-W @ 32 (-5.88%)
LPLI @ 270 (+8.00%)
UNSP @ 460 (-2.12%)
TRUB @ 67 (-2.89%)
PGAS menaikkan anggaran akuisisi blok gas menjadi US$ 350 juta
http://investasi.kontan.co.id/v2/read/1306318765/68495/PGAS-menaikkan-anggaran-akuisisi-blok-gas-menjadi-US-350-juta
Didominasi Sentimen Jual, IHSG Ditutup Turun 0,15%. Penjualan bersih asing senilai Rp267,82 miliar.
http://pasarmodal.inilah.com/read/detail/1544742/didominasi-sentimen-jual-ihsg-ditutup-turun-015
IHSG Terkoreksi Tipis, Dolar AS Balik ke Rp 8.600
http://www.detikfinance.com/read/2011/05/25/160754/1646988/6/ihsg-terkoreksi-tipis-dolar-as-balik-ke-rp-8600
PTRO bagi dividen Rp 1.195,5 per saham
http://investasi.kontan.co.id/v2/read/1306315733/68492/PTRO-bagi-dividen-Rp-1.1955-per-saham
Charoen Pokphand Bagi Dividen Rp39,8 per Saham
http://pasarmodal.inilah.com/read/detail/1544692/charoen-pokphand-bagi-dividen-rp398-per-saham
Inilah 10 Top Foreign Buy Saham Rabu (25/5)
http://pasarmodal.inilah.com/read/detail/1544892/inilah-10-top-foreign-buy-saham-rabu-255
Inilah 10 Top Foreign Sell Rabu (25/5)
http://pasarmodal.inilah.com/read/detail/1544832/inilah-10-top-foreign-sell-rabu-255
Saham LPLI Teraktif Diperdagangkan Rabu (25/5)
http://pasarmodal.inilah.com/read/detail/1544862/saham-lpli-teraktif-diperdagangkan-rabu-255
Perbankan Bebani Pergerakan IHSG
http://pasarmodal.inilah.com/read/detail/1544812/perbankan-bebani-pergerakan-ihsg
Akuisisi SCTV-Indosiar Diteruskan, KPI Bisa Berikan Sanksi
http://www.detikfinance.com/read/2011/05/25/162419/1647011/6/akuisisi-sctv-indosiar-diteruskan-kpi-bisa-berikan-sanksi
PT Lippo Karawaci Tbk (LPKR) menandatangani kerjasama dengan PT PP (Persero) Tbk sebagai Main Contractor pembangunan menara apartemen The New Royal Suite Tower.
*DJ Indika Energy Plans To Sell Up To 30% Stake In Petrosea - Official
Revisi Aturan Reksa Dana Diharapkan Rampung Akhir Tahun Ini
http://www.detikfinance.com/read/2011/05/25/143009/1646820/6/revisi-aturan-reksa-dana-diharapkan-rampung-akhir-tahun-ini
Dapat rekomendasi buy, saham CTRA melaju hingga 3,75%
http://investasi.kontan.co.id/v2/read/1306309055/68470/Dapat-rekomendasi-buy-saham-CTRA-melaju-hingga-375
PKPK IS A COAL MINER; IT NOW TRADES AT A P/E RATIO OF 7X 2011 EARNINGS COMPARED WITH ITS CLOSEST RIVAL DEWA AT 8.25X; 12-MONTH TARGET AT IDR210 VS IDR400 IPO PRICE
Csfb :More atractive for indonesia bank. Where foreign countrise also proviDe the same opportunities for indonesia banks to operate in those countries. Over weight for Banking stock
Subject: JPM Indo: buy idea on BRAU IJ
Buy idea – Berau Coal (BRAU)
Stevanus Juanda (analyst) just did a round of earnings revision for Indo coal stocks based on higher thermal coal price for FY11 (US$120/ton to US$124) and FY12 (US$120 to US$125). Biggest change is seen at Berau Coal, with FY11 net income being revised up by 23% and FY12 by 70% (Steve is one out of two analysts with active coverage on BRAU). The forecast implies an outlier FY12 P/E ratio of just 6.8x for Berau Coal, suggesting the name as potentially the most attractively valued stock within Indo coal space. Steve values BRAU at Rp693/share based on NPV.
https://mm.jpmorgan.com/PubServlet?action=open&doc=GPS-597965-0.pdf
Manwhile, there is an outstanding tender offer for the stock at Rp540/share, for period 11 May to 3 June 2011, with payment date on 15 June 2011. The official tender document was posted on the local press on 11 May. Since then, the stock has never fallen below Rp540 on the bid side, suggesting tender acceptance rate could be low (or zero) coming from the 9.743% holder of the public float. With this in mind, the stock may continue to trade with 9.743% free float post the tender period. The founding shareholders intend to keep BRAU a listed company, no matter what happens to the tender’s acceptance rate.
Risk-reward profile for the stock looks good in my opinion, with most of the public float holders don’t seem willing to tender the shares at Rp540, vs. Rp540 last closing price. Within Indo coal universe, BRAU offers the most leverage to international coal price (yes, even more than Bumi!), with ASP-to-EPS sensitivity of 10:31 (for every 10% increase in ASP assumption, EPS will go up by 31%).
UNIFLORA TO COMPLETE DAVOMAS ACQUISITION EARLY JUNE; PRICE AT IDR108/SHARE
eddinax: Uniflora Prima has entered into conditional sale and purchase of shares agreement with five sellers to acquire 51.86% shareholding in cocoa butter and power producer Davomas at consideration price of US$77 million or Rp108 per share.
Asiaplast Bagi Dividen Rp 20 per Saham
http://www.detikfinance.com/read/2011/05/25/132401/1646701/6/asiaplast-bagi-dividen-rp-20-per-saham
LSIP menyetujui pembagian dividen Rp 61 per saham
http://investasi.kontan.co.id/v2/read/1306302221/68451/LSIP-menyetujui-pembagian-dividen-Rp-61-per-saham
ADMG 2011 NET PROFIT COULD RISE BY 2000% TO i800 BILLION FROM IDR38 BILLION AT THE END OF 2010. FAIR VALUE AT IDR1500
MICE NOW TRADE SAT 5.5X 2011 EARNINGS; PBV RATIO OF 0.9X; BELOW FAIR VALUE OF IDR660 (P/E RATIO 8.9X)
BLOOMBERG: *ADARO, J-POWER LIKELY WINNER FOR $3.2B POWER PROJECT: LISTRIK. *ADARO, J-POWER, ITOCHU MADE LOWEST BID IN JAVA POWER PROJECT
BAKRIE & BROTHERS MAY INCREASE ITS STAKE IN VALLAR TO 70% FROM 52% AT PRESENT
Bursa Regional Terpuruk, IHSG Merosot 10 Poin
http://www.detikfinance.com/read/2011/05/25/120641/1646530/6/bursa-regional-terpuruk-ihsg-merosot-10-poin
Asing Jual Saham, IHSG Sesi I Berakhir Turun 0,28%. Penjualan bersih investor asing senilai Rp121,36 miliar.
http://pasarmodal.inilah.com/read/detail/1543822/asing-jual-saham-ihsg-sesi-i-berakhir-turun-028
Tengah mencari pinjaman US$ 200 juta, saham ENRG sempat terpeleset 3,6%
http://investasi.kontan.co.id/v2/read/1306295556/68436/Tengah-mencari-pinjaman-US-200-juta-saham-ENRG-sempat-terpeleset-36
Rencana akuisisi lahan di Kalimantan bikin saham GZCO bergerak liar
http://investasi.kontan.co.id/v2/read/1306295230/68435/Rencana-akuisisi-lahan-di-Kalimantan-bikin-saham-GZCO-bergerak-liar-
AALI dan UNSP terjungkal mengikuti penurunan harga CPO
http://investasi.kontan.co.id/v2/read/1306295004/68434/AALI-dan-UNSP-terjungkal-mengikuti-penurunan-harga-CPO
Harga CPO reli, investor beralih ke minyak kedelai
http://investasi.kontan.co.id/v2/read/1306299765/68446/Harga-CPO-reli-investor-beralih-ke-minyak-kedelai
Sesi II, Cermati Bank-Konsumsi-Astra-Bakrie
http://pasarmodal.inilah.com/read/detail/1543762/sesi-ii-cermati-bank-konsumsi-astra-bakrie
Naik Tajam, BEI Awasi Saham CLPI dan AMAG
http://pasarmodal.inilah.com/read/detail/1543722/naik-tajam-bei-awasi-saham-clpi-dan-amag
Citic Securities Jual 51% Saham di AMC
http://pasarmodal.inilah.com/read/detail/1543502/citic-securities-jual-51-saham-di-amc
Tengah mencari pinjaman US$ 200 juta, saham ENRG sempat terpeleset 3,6%
http://investasi.kontan.co.id/v2/read/1306295556/68436/Tengah-mencari-pinjaman-US-200-juta-saham-ENRG-sempat-terpeleset-36
Rencana akuisisi lahan di Kalimantan bikin saham GZCO bergerak liar
http://investasi.kontan.co.id/v2/read/1306295230/68435/Rencana-akuisisi-lahan-di-Kalimantan-bikin-saham-GZCO-bergerak-liar-
AALI dan UNSP terjungkal mengikuti penurunan harga CPO
http://investasi.kontan.co.id/v2/read/1306295004/68434/AALI-dan-UNSP-terjungkal-mengikuti-penurunan-harga-CPO
BLOOMBERG: *TOYOTA EXPANDS OUTPUT IN INDONESIA TO 140,000 BY 2013
JPM TACTICAL SWITCH: from ASII to ADRO
A number of factors underpin this tactical switch recommendation by JPM sales desk: (1) MSCI rebalancing that could result in US$50mn plus buying flow in ADRO over the next few days, (2) Scope for short term trend reversal in Rp:USD (although I would highlight JPM global FX view of continued bearishness in USD vs global currencies, report attached), (3) Investors relative positioning in the two stocks, with ASII being well-owned and ADRO less-so, (4) Newsflow – the much increased scope for ADRO to win the
2000MW power project is new news
BNP Paribas ; Ramayana lestari ( Rals ) at a step discount to closest PE mapi. Ramayana now valued valued at 12,2x 2011earning. Buy tp 950. Elvira tjandra
JAKARTA. PT Suparma Tbk (SPMA) mengalokasikan belanja modal atau capital expenditure (capex) sekitar US$ 4 juta di tahun ini. Keterbukaan informasi BEI menyebut, emiten yang bergerak di industri kertas dan barang cetakan ini menggunakan kas internal atau self financing untuk pendanaan capex. Sebesar 45% dari belanja modal akan digunakan untuk meningkatkan kualitas produk-produk kertas, sedangkan 46% lagi untuk meningkatkan kapasitas produksi terpasang. Adapun, kinerja penjualan bersih SPMA pada tahun lalu naik tipis, yaitu 14% menjadi Rp 1,2 triliun. Meski begitu, pertumbuhan penjualan ini masih diatas pertumbuhan rata-rata industri kertas.
*DJ Adaro, Jpower, Itochu Corp Win $3.2 Bln Power Plant Development Tender
Energi Mega Seeks $200 Mln Loans to Refinance Debt, Daily Says
Gozco Allocates 300 Bln Rupiah for Plantation Area, Daily Says
JADWAL PEMBAGIAN
DEVIDEN TUNAI 2011:
Kode Saham/Jumlah/Tgl Cum/Tgl Bayar
ADRO Rp20,50/Share, CUM-DATE 27 Mei, PAYMENT 9 Juni 2011.
AKRA Rp2, cum 31 Mei / pay 20 Juni.
ASGR Rp25, cum 27 Mei / pay 13 Jun.
ASII Rp1.130, cum 27 Mei / pay 16 Jun.
UNTR Rp270, cum 31 Mei / pay 13 juni.
BBRI Rp70,04, cum 27 Mei / pay 15 Juni. HRUM Rp244,10, cum 30 Mei / pay 17 juni.
-------------------- JUNE 2011------------------
BBCA Rp 70, cum 6 Jun / pay 23 Jun.
BBKP Rp 21, cum 14 Jun / pay 4 Juli.
BBNI Rp 65,98, cum 10 Jun / pay 30 Jun.
INTP Rp 263, cum 17 jun / pay 7 Juli.
TBIG Rp 25, cum 10 jun / pay 28 juni.
WIKA Rp 16,68, cum 6 juni / pay 23 juni.
KKGI Rp 50, cum 5 juli / pay 19 juli.
Inilah Saham Pilihan Rabu (25/5/2011)
http://pasarmodal.inilah.com/read/detail/1542542/inilah-saham-pilihan-rabu-2552011
CTRA targetkan penjualan naik 89%
http://investasi.kontan.co.id/v2/read/1306284600/68413/CTRA-targetkan-penjualan-naik-89
BLTA cari utang buat bayar utang
http://investasi.kontan.co.id/v2/read/1306283400/68410/BLTA-cari-utang-buat-bayar-utang
Saham BORN Disukai Investor Asing
http://pasarmodal.inilah.com/read/detail/1542442/saham-born-disukai-investor-asing
Hati-hati, Saham Asia Pagi Masih Menguat
http://pasarmodal.inilah.com/read/detail/1543032/hati-hati-saham-asia-pagi-masih-menguat
Apresiasi Berlanjut, Pilih Saham Bank-Batu Bara
http://pasarmodal.inilah.com/read/detail/1541462/apresiasi-berlanjut-pilih-saham-bank-batu-bara
Stock Split, Harga Saham SSIA Jadi Rp125/Lembar
http://pasarmodal.inilah.com/read/detail/1542562/stock-split-harga-saham-ssia-jadi-rp125lembar
RUMOR 25 Mei 2011
Boustead Berhad Tambah Saham SDPC
SAHAM PT Millenium Pharmacon International Tbk (SDPC) akan dikerek menembus level Rp 125. Dari keterangan beberapa pelaku pasar, Boustead Holdings Berhad asal Malaysia berniat meningkatkan kepemilikan sahamnya diperseroan melalui pasar sekunder. Selain itu, perusahaan farmasi local dikabarkan tengah mengincar saham SDPC. Kemarin saham SDPC naik Rp 2 (2,7%) ke level Rp 76.
Bandar Borong JPFA
KALANGAN bandar disebut-sebut bakal memborong saham PT Japfa Comfeed Indonesia Tbk (JPFA) dalam waktu dekat. Hal ini seiring langkah perseroan memfinalisasi divestasi anak usahanya, So Good, senilai Rp 900 miliar. Hasil penjualannya akan dimasukkan dalam laporan keuangan kuartal II-2011. Saham JPFA pada perdagangan kemarin naik Rp 25 (0,66%) ke level Rp 3.825
Agenda 25 May 2011 Rups ASRM, ERTX, SKLT, LTLS, Modern International, IGAR, MLBI, Apli, Bank Arta Graha, PTRO (agenda stock split), LSIP, KLBF, CPIN, mulai tender offer DYNA 4500
Adaro’s consortium is likely to win the 2x1000 MW coal-fired power plant project in Central Java. In the consortium, Adaro’s stake is 34% followed by J-Power 34% and Itochu 32%. Adaro was reported to offer at lower price than the expected price determined by the committee at about US$6cent/kwh. The announcement will be on 17 June 2011 (Investor Daily)
Trades of the Day...
Fundamentally:
CIMB mempertahankan rating OUTPERFORM untuk Bank Tabungan Negara (BBTN) dengan target harga Rp2800 berdasarkan metode GGM, ROE: 22.8%, CoE: 15.7%, growth: 12.2%. Kami percaya BBTN sebagai penyalur KPR terbesar, patut mendapat perhatian. Market domestik masih underpenetrated hingga sekarang dan dengan bantuan dari pemerintah, BTN bisa mendapatkan dana murah dan menurunkan resiko funding. Katalis akan datang dari pertumbuhan kredit dengan NIM yang meningkat.
Indika Energy: Tripatra won the Cepu Block EPC project worth US$780mn (INDY, Rp4,025, Buy, TP: Rp5,200)
* Tripatra Engineering, wholly owned subsidiary of Indika Energy, together with ExxonMobil (as the operator) have won the Cepu Block that is located in border of Central Java and East Java worth US$780mn, higher than previous indication of US$450mn
* The construction begins in August 2011 and will complete in 2013. The production will commence in 1Q 2014 with estimated production of 165,000bph
* We have taken into account this project in our model but with total value of US$450mn based on the company’s previous target.
* Currently we have buy rating on INDY. It is traded at 12.2x PER11F (mandiri Sec)
Stocks ended modestly lower amid further signs of economic weakness, and despite a positive call on commodities by Goldman Sachs, which lifted prices of oil and metals.
Dow. 12356.21. -25.05. -0.2%
Nasdaq. 2746.16. -12.74. -0.46%
S&P 500. 1316.28. -1.09. -0.08%
FTSE. 5858.41. +22.52. +0.39%
Dax. 7150.56. +29.14. +0.41%
CAC40. 3916.88. +9.90. +0.25%
Oil. 99.59. +1.89. +1.93%
Gold. 1523.300.+7.900. +0.52%
Rupiah. 8570
Euro. 1.4102
TLKM. 35.54.+0.79.+2.27%.Rp 7614
ISAT. 30.37.+0.21.+0.70%.Rp 5205
Vallar. 1,195.00. -5.00. -0.42%
EIDO. 30.92. +0.10. +0.32%
Timah. 26920. +370. +1.39%
Nickel. 22750. +475. +2.13%
CPOAgt 3380RM+25RM+0.75%$1108
Corn. 733.250. -20.750.-2.75%
SoybeanOil.57.480. +0.260.+0.45%
Wheat. 779.750. -23.250-2.90%
Coal 20May 116.80 vs.118.74(13May)