(Dow Jones) DJIA still has more to fall before investors can expect a meaningful bounce. The next significant support is at the 12400-12450 level, which capped the index in February and early-April. Given how strong this level was as resistance on the way up, it shouldn't give way easily. DJIA down 160 at 12564, off an intraday low of 12521. But since the S&P 500 has already slid through similar support at 1339-1344, a DJIA breakdown may be just a matter of time. S&P 500 down 14 at 1333. If the DJIA closes below 12400, downside levels to watch include the 12280 (50-day moving average) and 12094 (April low).
(Dow Jones) Nymex crude-oil futures broke below $100/barrel for the first time since March 17 amid a broad commodity selloff, sparked in part by a sharp move higher in the dollar. If oil ends where it is now--settlement will happen at around 2:45 p.m. EDT--it'll be the biggest one-day drop in percentage terms since April 2009. While consumers (that's you and me, buddy), can breathe a sigh of relief, they're not out of the woods yet. Brent crude, which is widely seen as a better indicator of global supply and demand, continues trade well in the triple digits, at $111.11, down 7.9% on the day. Nymex recently down 8.3% after trading back up above $100.
(Dow Jones)--The euro fell more than 2% on the day against the dollar Thursday, as global slowdown fears and falling commodity prices sent investors scurrying from riskier currencies. The euro slid to $1.4518 from $1.4827 late Wednesday, according to EBS via CQG. The 2% drop was its largest biggest daily fall in percentage terms since August 2010, according to Brown Brothers Harriman. Earlier in the day, the euro's steep fall was triggered after European Central Bank President Jean-Claude Trichet didn't meet market expectations of signaling an ECB rate hike in June.
Setelah diwarnai aksi jual, IHSG ditutup menguat
http://investasi.kontan.co.id/v2/read/1304587315/66662/Setelah-diwarnai-aksi-jual-IHSG-ditutup-menguat
Dana Asing Topang Rebound IHSG
http://pasarmodal.inilah.com/read/detail/1484542/dana-asing-topang-rebound-ihsg
Ekonomi Indonesia Tumbuh 6,5%, IHSG Stagnan
http://www.detikfinance.com/read/2011/05/05/160744/1633377/6/ekonomi-indonesia-tumbuh-65-ihsg-stagnan
JAKARTA. PT Jasa Marga Tbk (JSMR) berhasil meraih laba bersih sebesar Rp 371,7 miliar pada kinerja kuartal I 2011. Perolehan ini naik 27,46% dari laba bersih periode yang sama di tahun lalu yaitu Rp 291,6 miliar. Kenaikan kinerja didukung oleh pendapatan yang bertambah 13,8% menjadi Rp 1,154 triliun. Volume transaksi lalu lintas semakin padat hingga bertambah 12% menjadi 251,7 juta kendaraan. Sekretaris perusahaan JSMR, Okke Marlina menjelaskan, kenaikan signifikan itu tak dibuntuti melonjaknya beban usaha. Beban hanya naik 5% menjadi Rp 552,9 miliar. "Ini menunjukkan bahwa korporasi tetap menjaga efisiensi di aspek beban usaha," ujar Okke, Kamis, (5/5).
Inilah 10 Top Foreign Buy Saham Hari Ini
http://pasarmodal.inilah.com/read/detail/1484512/inilah-10-top-foreign-buy-saham-hari-ini
Inilah 10 Top Foreign Sell Hari Ini
http://pasarmodal.inilah.com/read/detail/1484572/inilah-10-top-foreign-sell-hari-ini
Tunas Ridean Bagi Sisa Dividen Rp5/Saham
http://pasarmodal.inilah.com/read/detail/1484312/tunas-ridean-bagi-sisa-dividen-rp5saham
IPO HD Finance Alami 'Oversubscribe' 2,32 Kali
http://pasarmodal.inilah.com/read/detail/1484322/ipo-hd-finance-alami-oversubscribe-232-kali
Operasi Berhenti, CPRO Alihkan Udang ke Aset Lain
http://pasarmodal.inilah.com/read/detail/1484272/operasi-berhenti-cpro-alihkan-udang-ke-aset-lain
Naiknya permintaan batubara dari China membuat BUMI dan ADRO melambung
http://investasi.kontan.co.id/v2/read/1304583758/66653/Naiknya-permintaan-batubara-dari-China-membuat-BUMI-dan-ADRO-melambung
ADRO -mengikuti tender PLTU 2 x 1000 US$ 3 miliar megawatt di Kalimantan Selatan. PLN akan melakukan prakualifikasi ulang untuk proyek ini karena jumlah peserta tendernya kurang. Prakualifikasi ulang ini akan berjalan pada 18 Mei 2011.
-Selain dengan PLN, ADRO sendiri tengah membangun proyek pembangkit listrik
2 x 30 megawatt untuk kebutuhan konsumsi internal ADRO dan kontraktor lain di
sekitar lokasi operasional ADRO di Tabalong, Kalimantan Selatan. Adapun nilai
investasi untuk proyek ini sebesar US$ 160 juta.
-"Proyek 2 x 30 MW ini diperkirakan selesai pada kuartal pertama 2011,"
Penurunan emas mulai menjadi-jadi, investor harus waspada
http://investasi.kontan.co.id/v2/read/1304585736/66658/Penurunan-emas-mulai-menjadi-jadi-investor-harus-waspada
Harga kontrak CPO bakal mencapai puncak pada Juli mendatang
http://investasi.kontan.co.id/v2/read/1304578379/66640/Harga-kontrak-CPO-bakal-mencapai-puncak-pada-Juli-mendatang
BLOOMBERG: ADARO, BUMI ADVANCE AS UBS FORECASTS CHINA COAL IMPORTS TO RISE
Elnusa Bakal Raih Kontrak Senilai US$90 Juta
http://pasarmodal.inilah.com/read/detail/1483572/elnusa-bakal-raih-kontrak-senilai-us90-juta
JAKARTA. PT Elang Mahkota Teknologi Tbk (EMTK) membagikan dividen interim senilai Rp 51,273 miliar atau Rp 10 per saham dari laba bersih perseroan tahun 2010. Berdasarkan laporan keuangan 2010, laba bersih EMTK melonjak 165% menjadi Rp 429,188 miliar. "Dividen interim sejumlah Rp 10 per saham adalah dividen final perseroan untuk tahun buku 2010. Perseroan tidak memberikan dividen tambahan dikarenakan sedang menyelesaikan rencana akuisisi PT Indosiar Karya Media Tbk (IDKM)," ungkap Presiden Direktur EMTK Susanto Suwarto dalam keterangan pers tertulis, Kamis, (5/5). Setelah dikurangi pembagian dividen, sebanyak Rp 375,915 miliar dimasukkan sebagai laba ditahan perseroan. Sebanyak Rp 2 miliar akan dipakai sebagai cadangan wajib.
INDY berencana menambah modal perusahaan dgn melepas 10% saham baru tanpa hak memesan efek terlebih dahulu
Jakarta - Laba bersih PT Modernland Realty Tbk (MDLN) pada kuartal I 2011 naik menjadi Rp27,5 miliar dari Rp2,3 miliar pada periode yang sama tahun 2010.
Kuartal I 2011, laba ELSA amblas 60,7%
http://investasi.kontan.co.id/v2/read/1304576343/66633/Kuartal-I-2011-laba-ELSA-amblas-607
Tingkat Pengangguran Diklaim Turun 0,6%
http://economy.okezone.com/read/2011/05/05/20/453579/tingkat-pengangguran-diklaim-turun-0-6
Bluechip Tertekan, IHSG Sesi I Turun 11,22 Poin. Asing Net Buy Rp 124 miliar
http://pasarmodal.inilah.com/read/detail/1483312/bluechip-tertekan-ihsg-sesi-i-turun-1122-poin
Data PDB Tahan IHSG di Level 3.800
http://www.detikfinance.com/read/2011/05/05/120503/1633035/6/data-pdb-tahan-ihsg-di-level-3800
Sektor keuangan seret IHSG ke teritori negatif
http://investasi.kontan.co.id/v2/read/1304572685/66624/Sektor-keuangan-seret-IHSG-ke-teritori-negatif
Rupiah Semester Kedua Capai Rp8.400 per Dolar
http://www.investor.co.id/marketandcorporatenews/rupiah-semester-kedua-capai-rp8400-per-dolar/11272
BPS: Ekonomi RI Tumbuh 6,5%
http://www.detikfinance.com/read/2011/05/05/113304/1632995/4/bps-ekonomi-ri-tumbuh-65?f9911013
Soliditas Kinerja Emiten
http://www.investor.co.id/home/soliditas-kinerja-emiten/11267
Suntik Anak Usaha, BNI Pakai 5% Dana Rights Issue
http://pasarmodal.inilah.com/read/detail/1483242/suntik-anak-usaha-bni-pakai-5-dana-rights-issue
Cermati Saham Berkinerja Positif & Valuasi Murah
http://pasarmodal.inilah.com/read/detail/1483272/cermati-saham-berkinerja-positif-valuasi-murah
CLSA. CMNP now trades at 7.1 PE11 . The stock has underperfomed its better peer JSMR which now trades at 14.8xPE. Profit in 2010 guadrupled from 2009, hence dividend is expected about Rp 60/sh (assuming payout ratio of 40%)
Bapepam masih kaji laporan BNBR
http://investasi.kontan.co.id/v2/read/1304565032/66598/Bapepam-masih-kaji-laporan-BNBR
Saham AGRO langsung melejit 13% setelah dikabarkan akan di tender offer BRI
http://investasi.kontan.co.id/v2/read/1304568070/66608/Saham-AGRO-langsung-melejit-13-setelah-dikabarkan-akan-di-tender-offer-BRI
Indonesia’s Growth Slows, Giving Room to Extend Rate-Rise Pause
http://www.bloomberg.com/news/2011-05-05/indonesia-s-growth-slows-giving-room-to-extend-rate-rise-pause.html
Varathan Says Indonesia to Have Higher Growth This Year: Video
http://www.bloomberg.com/news/2011-05-05/varathan-says-indonesia-to-have-higher-growth-this-year-video.html
Euro Rises Toward 17-Month High Before ECB Meets; Aussie Falls
Salim Ivomas Naikan Dana IPO jadi Rp 6 T (USD 700 juta) dari sebelumnyaUSD 200-300 juta. Bookbuilding 9-20 mei. Listing 9 Juni
Jadwal Pembagian Deviden Tunai 2011
Kode Saham, Cum-date Ex-date Keterangan
TRIO Dividend 6-May-11 9-May-11 Rp15 per saham
INTA Dividend 9-May-11 10-May-11 Rp56 per saham
EXCL Dividend 11-May-11 12-May-11 Rp107 per saham
SMCB Dividend 11-May-11 12-May-11 Rp23 per saham
LPGI Dividend 12-May-11 13-May-11 Rp112 per saham
BPFI Dividend 12-May-11 13-May-11 Rp10 per saham
AALI Dividend 20-May-11 23-May-11 Rp640 per saham
TGKA Dividend 24-May-11 25-May-11 Rp51 per saham
ADRO Dividend 27-May-11 1-Jun-11 Rp20,5 per saham
BBRI Dividend 27-May-11 30-May-11 Rp70,04 per saham
HRUM Dividend 30-May-11 31-May-11 Rp244.1 per saham
UNTR Dividend 31-May-11 1-Jun-11 Rp 270 per saham
ADMF Dividend 9-Jun-11 10-Jun-11 Rp954.14 per saham
AUTO Dividend Juni 11 Juni 11 Rp434 per saham
*DJ Indonesia 1Q GDP +6.50x% On Year; Mkt Expected +6.53%
*DJ Indonesia 1Q GDP +1.50% On Quarter; Mkt Expected +1.62%
*DJ Indonesia 1Q GDP +6.50x% On Year; Mkt Expected +6.53%
Bloomberg: Timah Drops Most in Three Weeks in Jakarta as Tin Futures Fall
Bloomberg: Palm Oil Gains as Much as 0.5% to 3,280 Ringgit a Metric Ton
Setoran Dividen Bank BUMN Dipangkas 50%
http://www.detikfinance.com/read/2011/05/05/104318/1632928/5/setoran-dividen-bank-bumn-dipangkas-50
*DJ Bukit Asam CEO: Expect 2011 Revenue Up 51% To IDR12 Tln
*DJ Bukit Asam CEO: Expect 2011 Net Profit Above IDR3 Tln Vs IDR2.01 Tln
China Coal Imports May Rise as Drought Saps Hydropower, UBS Says
Bloomberg: Bank Rakyat Offers to Buy Agroniaga Shares at 182 Rupiah Each. Agroniaga Gains Most in Eight Weeks as Rakyat to Buy Shares
Indomobil, Krakatau, Lippo Karawaci: Indonesia Equity Preview
http://www.bloomberg.com/news/2011-05-05/indomobil-krakatau-lippo-karawaci-indonesia-equity-preview.html
Indonesia Stocks May Fall Below 3,800-Point Level
http://news.ino.com/headlines/?newsid=50420112332
IPO Buana Listya membeludak 6,03 kali
http://investasi.kontan.co.id/v2/read/1304556038/66585/IPO-Buana-Listya-membeludak-603-kali
GZCO: memasuki bullish dari netral intraday & masih dalam fase konsolidasi, berpotensi menuju resist 410/435 (buy jika tembus). Support di 380/345 (entry buy). DEWA: intraday di area netral dalam bullish pattern, cenderung konsolidasi hari ini , range diperkirakan 91 (buy) - 99 - 102 (Sell).
Rumor Investor Daily 5/5/2011
UNSP: Vallar Plc disebut” akan membeli 15% saham UNSP, dan masuknya Vallar diduga bakal menambah cash flow UNSP setelah membeli PT Domba Mas, Laba Bersih 1Q diprediksi meroket 300% menjadi Rp 192 Miliar, karena lonjakan harga karet dn CPO
TMPO: !Q Meningkat cukup tajam dan akan menambah capex 20% tahun ini
LMPI: akan backdoor listing dengan menjadikan LMPI sebagai kendaraan investasinya. Maspion backdoor listing dgn membeli 17,78% saham milik Langgeng Bahagia
BUDI: Laba Bersih melonjak 250% akibat ekspandi Perluasan pabrik tepung tapioca dn turunnya harga singkong. Investor Arab dn India sedang menjajaki akuisisi kepemilikan saham perseroan. Bakal Membagikan Deviden
Hari ini akan dirilis GDP Q1 Indonesia pukul 10.30 WIB. BI Rate akan dirilis pada 12 Mei 2011 mendatang.
IHSG: berpotensi mengalami technical rebound dari pola breakout neckline inverted H&S di intraday. Resist 3836-3850, support 3.804/3.783.
Bloomberg: Coal Two-Year High May Spur China Import Rebound: Energy Market
Bloomberg: Australia Stock Futures Drop as U.S. Weakens, Commodities Fall
BLOOMBERG: *INDO INTEGRATED ENERGY GIVES RESULTS OF CONSENT SOLICITATION
Bloomberg: Krakatau Steel Plans to Build a 5.9-Trillion Rupiah Iron Mill
Bloomberg: Indomobil Finance to Sell 500 Billion Rupiah of Bonds June 1-6
Bukit Asam, Indo Tambangraya Megah, dan Alam Sutera Top Performing Listed Companies 2011
http://www.investor.co.id/marketandcorporatenews/bukit-asam-indo-tambangraya-megah-dan-alam-sutera-top-performing-listed-companies-2011/11240
IPO Waskita Tunggu Restrukturisasi Rampung
http://economy.okezone.com/read/2011/05/04/278/453371/ipo-waskita-tunggu-restrukturisasi-rampung
Saham-saham Batubara Jadi Rekomendasi Kamis (5/5)
http://pasarmodal.inilah.com/read/detail/1480622/saham-saham-batubara-jadi-rekomendasi-kamis-55
BUMI Tunda Pelaksanaan RUPST/RUPSLB
http://pasarmodal.inilah.com/read/detail/1481192/bumi-tunda-pelaksanaan-rupstrupslb
Grup Lippo Kembali Beli Saham LPKR
http://pasarmodal.inilah.com/read/detail/1481672/grup-lippo-kembali-beli-saham-lpkr
Triwulan I-2011, Pendapatan Jasa Marga Capai Rp 1,15 Triliun
http://www.investor.co.id/home/triwulan-i-2011-pendapatan-jasa-marga-capai-rp-115-triliun/11237
BLOOMBERG:*INDONESIA CENTRAL BANK ALLOWING RUPIAH TO GAIN: BRODJONEGORO
BLOOMBERG: *INDONESIA'S EXCHANGE RATE IS STABLE, MARTOWARDOJO SAYS. INDONESIA CONFIDENT GOVERNMENT CAN CONTAIN INFLATION
PTBA Optimis Akuisisi 2 Perusahaan Tambang
http://pasarmodal.inilah.com/read/detail/1482412/ptba-optimis-akuisisi-2-perusahaan-tambang
Pendapatan Naik, TMPO Akan Naik ke Rp 200
http://pasarmodal.inilah.com/read/detail/1482292/pendapatan-naik-tmpo-akan-naik-ke-rp-200
April, Penjualan Latinusa Dipastikan 38 Ribu Ton
http://economy.okezone.com/read/2011/05/05/278/453455/april-penjualan-latinusa-dipastikan-38-ribu-ton
IHSG Masih Diancam Profit Taking
http://economy.okezone.com/read/2011/05/05/278/453463/ihsg-masih-diancam-profit-taking
Fundamentally:
CIMB mempertahankan rating OVERWEIGHT untuk sektor perbankan dengan top picks pada BBKP dengan TP Rp1200, BMRI dengan TP Rp9300, BBTN dengan TP Rp2800 dan BDMN dengan TP Rp8400. Earning perbankan mencapai 38% yoy pada 1Q11 dengan BMRI menjadi bintang. Namun kami mendowngrade BBRI dengan TP Rp6600, BJBR dengan TP Rp1350, BBNI dengan TP Rp4650 karena melemahnya pertumbuhan earning. Kami menilai BBRI layak mendapat rating SELL karena valuasi telah melebihi growth potential dan akan memberi downside. Prediksi kami loan growth 2011 adalah 20-22%.
Banks
In an earnings drive - by Mulya Chandra CFA
Despite loan seasonality, the earnings of Indonesian banks grew a remarkable 38% yoy in 1Q11, double our expectation, with Mandiri providing the main booster. On the heels of the results, we upgraded our ratings for Mandiri, Bukopin, and BTPN, while downgrading Rakyat, Jabar, and BNI for early symptoms of weaker earnings growth ahead. Consistent with our bottom-up strategy, our top picks remain Bukopin, Mandiri, BTN and Danamon for their company-specific strengths. Our main sell is Rakyat, on our belief that its valuations have run ahead of its growth potential, which could surprise on the downside. Loan growth beating consensus FY11 estimates of 20-22% should be the sector's prime re-rating catalyst.:
BNBR
(CC) Bakrie and Brothers: SOTP valuation is Rp142/share (BNBR, Rp75, Not rated)
∙ Yesterday, BNBR market price rose by 11.9%. After a closer look at its SOTP valuation, we understand that BNBR share price has been laggard from its subsidiaries.
∙ SOTP valuation using yesterday market prices results in BNBR fair price price of Rp142/share. This figure is 9.2% higher than previous SOTP valuation of Rp130/share using 30 March 2011 market price. Between 30 March and yesterday, market price for its SOTP components increased: UNSP by 12.5%, BTEL by 8.6%, Vallar by 4.2%, ENRG by 27.7%, and ELTY by 1.4%
Indonesia Banks Big Picture
April 2011: Foreign Investors Remain Overweight, Prefer Low PB n Foreign investors prefer BMRI, BBNI and BBTN over BBRI accounting change — In the post strong CY10 result month (March), net foreign buying was concentrated in BMRI, BBNI and BBTN (Fig. 1). Banking sector 2010 EPS growth of 43% was well above 27% forecast. BMRI, BBNI and BBTN were 5- 10% above expectations. While BBRI surprised the most with 56% EPS growth, with the stock up +12% in April, the data show no significant changes in foreign ownership. There was marginal buying in BBCA and selling in BDMN. ( citi group)
Rumor: ASII akan memiliki 10% saham ADRO seiiring dengan rencana perusahaan untuk diversifikasi ke sektor batubara. ADRO dinilai adalah salah satu perusahaan batubara yang solid dan sangat potensial untuk 10 tahun kedepan berdasarkan kapasitas produksi dan cadangannya. Dikabarkan ASII akan membeli saham ADRO pada harga Rp2,800.
Pertumbuhan ini dapat mendongkrak harga TMPO ke level Rp 200 dengan perhitungan PE Ratio yang masih sangat murah dibandingkan perusahaan media lain. TMPO ditutup menguat ke level auto reject atas Rp 128 atau meningkat 33 poin (+34.74%)
REMINDER::AGENDA 06 May 2011 Rups ASII, Cum Dev MERK 4464, Cum Dev TRIO 15
09 May 2011 Cum Dev INTA 56, Cum Right Issue UNTR 33:4 (15.050), Cum Right INDS 1:5 (1520), Rups PANS, Pertamina Likely To Restart Balikpapan Refinery, Mulai Penawaran IPO Megapolitan Land 240-300
10 May 2011 Rups KBLV, TMPO, COWL, HEXA, INTP, AKRA, Vallar Plc expects to complete a stake increase in BUMI, Listing HD Finance, Mulai penawaran IPO Buana Listya Tama 105-175
JP Morgan: We upgrade ADRO to a higher target price at Rp4,500 prev Rp4,000 based on robust financial performance and sustainable growth on EPS. We forecast the EPS will increase double for FY2011
REMINDER:::CIMB mempertahankan rating NEUTRAL untuk Adaro Energy (ADRO) dengan target harga Rp2600 berdasarkan metode NAV. Laba inti 1Q11 sebesar $110mn atau naik 98% qoq (karena low base pada 4Q10 karena cuaca buruk), namun sejalan dengan ekspektasi kami, sekitar 20% dari FY11. Kami melihat earning akan menguat untuk kedepannya. ADRO masih merupakan saham coal termahal disektor ini, 14.8x FY11 PER (vs sector average 13x) (CIMB - 02 May 2011)
United Tractors by Macquarie
Komatsu Japan: Greater activities; Higher 2011 volume guidance
With the completion of reconstruction on Komatsu manufacturing plants at all five locations in Japan, we expect gradual improvement on production activities to occur in the near term. According to Komatsu, the company is striving to ensure stabilization on production through regular assessments in the restoration progress on its suppliers and infrastructure facilities. UT has now provided new and higher 2011 volume guidance of around 7,000 for its heavy equipment sales. Thus, we have raised our 2011 volume estimate by 13% to 7,087 units (+31.1% y-y) from 6,238 units (+15.4% y-y) previously given 1Q11 Komatsu sales volume realization of 2,207 units (+81.2% y-y)
