Indonesia Stocks May Fall on Rising Bond Yields, Citigroup Says
Indonesia’s stock market, Asia’s second-best performer last year, may fall in 2010 as investors switch to global government bonds amid rising yields, Citigroup Inc.’s Indonesian securities unit said. The benchmark index may fall to 2,470 by yearend from 2,666.94 at yesterday’s close, Sunny Yoon, president of PT Citigroup Securities Indonesia, said in an interview in Jakarta today. Worldwide stimulus spending by governments increased liquidity, which is driving up government bond yields, said Yoon.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aqjIG42FFHZw
Stocks to Rally Throughout Earnings Season: Strategist
By: JeeYeon Park CNBC News Associate
Stocks gained more than 1 percent on Tuesday. Will the market rally continue? Binky Chadha, chief U.S. equity strategist at Deutsche Bank, and Larry Kantor, head of research at Barclays Capital, discussed their market insights.“[Markets] should go significantly higher through earnings season,” Chadha told CNBC. “We think the bar has been lowered for this earnings season.”Chadha said his biggest “overweights” are in the financials and industrials. He added that he has “smaller overweights” in the technology and the consumer discretionary sectors.
http://www.cnbc.com/id/34942440
US Stocks Are Poised to Rally If Republican Wins in Mass.
By: Reuters
US stocks are likely to rally if Republicans pull off a victory in Massachusetts' Senate election Tuesday, on hopes that it would slow down President Obama's sweeping reform program, especially with respect to health care.Massachusetts Senate Candidates Debate In Boston.Getty Images. U.S. Senate democratic nominee Martha Coakley (l) and U.S. Senate republican nominee Scott Brown (r) campaigning to be the the next Massachusetts State Senator.The Democrats' big majorities in Congress are considered key to passing President Obama's reform agenda across numerous parts of the economy, including banking and health care.
http://www.cnbc.com/id/34943625
Energy vs. Metals—Where to Invest: Stock Pickers
By: JeeYeon Park CNBC News Associate
The S&P metals and mining index has soared more than 300 percent over the past year, compared to the energy index, which is up about 20 percent. So which is the better sector for investors going forward? Dan Denbow, portfolio manager at USAA Precious Metals & Minerals Fund, and Jerry Castellini, president and chief investment officer of CastleArk Management, discussed their views. “There’s no better play, as a U.S. investor in the worldwide economy, than in energy,” Castellini told CNBC.“It’s the simple building block of economic growth in Asia and BRICs.”*
http://www.cnbc.com/id/34936796
Shrug Off Banks Weakness???
By: Lee Brodie Producer
http://www.cnbc.com/id/34924933
Platinum Approaching ‘Strong Resistance’: Technical Analysis
(Bloomberg) -- Platinum, trading at a 17-month high in London, is approaching an area of “potentially strong resistance,” according to technical analysis by Commerzbank AG. The attached chart shows a target of $1,698.18 an ounce the bank identified by drawing a trend line from the record $2,301.50 set in March 2008. There is also a target of $1,703.69, which would be a 61.8 percent retracement of the metal’s decline from the record to a low in October 2008, according to a series of numbers known as the Fibonacci sequence. The metal traded at $1,626 at 12:33 p.m. in London.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aslFLOrWH5Cc
Citi's Yoon Likes Telekomunikasi Indonesia, Adaro Energy
Morgan Stanley Says ‘Stick With the BRICs’ on Growth
(Bloomberg) -- Morgan Stanley said investors should “stick with the BRICs” and add to their holdings in China and Russia as faster economic growth will allow emerging-market stocks to catch up to developed-market gains this year. “Stick with the BRICs,” strategists led by Jonathan Garner wrote in a report, referring to Brazil, Russia, India and China. “BRIC tends to outperform in non-recession years such as the 2003 to 2007 period, whilst it has underperformed in recession years.”The brokerage raised its recommended “overweight” in Chinese and Russian equities relative to the MSCI Emerging Markets Index to 2.15 percent, compared with 2 percent and 1.65 percent respectively. They strategists also upgraded Thailand and Peru to “equal-weight” from “underweight” and downgraded Israel to “equal-weight” from “overweight.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agfzY3FhgGhM
Record Cash Means S&P 500 at Half its 2007 Valuation
(Bloomberg) -- U.S. companies are producing more cash than ever, making the Standard & Poor’s 500 Index cheaper than any time since credit markets froze just as investors say profits don’t justify higher prices. While the 68 percent rally since March drove price-earnings ratios to the highest level since 2002, when measured by cash flow the index is 37 percent below the 12-year average and half its valuation of 2007, data compiled by Bloomberg show.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5_2eIRE836E
Hedge-Fund Assets Rose by $4.6 Billion in December, Report Says
(Bloomberg) -- Hedge-fund assets grew by $4.6 billion in December in the eighth straight month of capital growth as investor confidence recovers along with global markets, according to Eurekahedge Pte.Net inflows totaled $600 million in December, while performance-based gains were $4 billion, the Singapore-based research firm said in a report. Assets under management totaled $1.48 trillion at year’s end, it said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agNZqGUIdcFE
U.S. Stocks ‘Can Only Surprise on Upside,’ Says HSBC
(Bloomberg) -- U.S. shares may surprise on the upside this year after lagging behind 2009’s worldwide stock rally, said Garry Evans, head of global equity strategy at HSBC Holdings Plc.“People have got very high expectations for Asia already,” Evans said on Bloomberg Television. “Contrast that to the U.S. where everyone is so bearish, it can only surprise on the upside.” HSBC has an “overweight” rating for U.S. equities and “underweight” on Asia excluding Japan.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWn.tzD5e7mw
China to Allow Yuan Gain on Inflation, Macquarie Says
(Bloomberg) -- China may allow its currency to appreciate from the second quarter as inflation accelerates in the world’s third-largest economy because of higher global commodity prices, according to Macquarie Securities Ltd. “China simply has to start considering using appreciation of the renminbi as a way to insulate itself, or deflect some of these imported inflation pressures,” Michael Kurtz, head of China research at Macquarie, said in a Bloomberg Television interview in Hong Kong. “They’re going to do exactly that in 2010.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alpnN_0Etxn0
http://www.cnbc.com/id/34936796
HSBC's Evans Sees Global Stocks Rising 15% in 2010
Wednesday, January 20, 2010
Tuesday, January 19, 2010
Analisa Teknikal IHSG Harian & Mingguan
IHSG menunjukkan signal positif dari pola candle tri star (indikasi lemahnya momentum penurunan), didukung ADX terkoreksi (momentum penurunan terbatas), stochastic terkoreksi dari overbought (momentum kenaikan terbatas), MACD bullish, seharusnya topang IHSG dan peluang profit-taking patut diwaspadai. Hitungan EW: pencapaian ke level tertinggi baru di 2.661,928, menunjukkan wave iii/3 dalam 5 masih belum selesai, selama bertahan diatas 2.621 (high 06/01) untuk extend ke 2.666 (middle channel line)/2.680 (fibonacci retracement 138,2%). Berdasarkan Analisa Gann Square, IHSG dapat capai target 3.150 selama bertahan di atas support line 2.100 hingga akhir Maret, target 3.450 di Juni jika bertahan diatas 2.360. Bila gagal ditutup di atas support target 1.500/1.800 di H2 2010. Buy 2.630/2.600 target 2.680/2.720 stop loss dibawah 2.575
Resistance: 2668.98/2659.48/2655.24/2651.01. PP 2640.46
Support : 2636.23/2626.72/2621.44/2611.94
Resistance: 2668.98/2659.48/2655.24/2651.01. PP 2640.46
Support : 2636.23/2626.72/2621.44/2611.94
Laporan Fundamental dan Rumor Saham Harian 19-01
Harga saham PT Dayaindo Resources International Tbk (KARK) berpotensi menuju level Rp150 dalam jangka pendek maupun menengah. Perseroan dikabarkan menjalin kerja sama operasi dengan produsen batubara di Kalsel. Isu yang beredar dipasar soal rencana India's National Thermal Power Corp yang ingin masuk menjadi pemegang saham perseroan juga akan menjadi momentum kenaikan harga KARK.
Harga saham PT Aneka Tambang Tbk (ANTM) berpeluang menuju Rp3.000 dalam jangka pendek. Perseroan dikabrakan bakal menggelar aksi korporasi dalam waktu dekat. Perseroan telah mengajukan rencana tersebut kepada otoritas pasar modal. Kenaikan harga emas dan rencana perseroan membeli saham Freeport juga bakal berdampak positif.
IHSG dibuka mneguat ke level tertinggi 2.656Kegamangan masih menaungi perdagangan saham pada Selasa (19/1/2010). IHSG diprediksi masih akan bergerak variatif pada nilai transaksi yang tidak terlalu tebal. Tanpa sentimen besar di pasar, investor memilih menunggu musim laporan keuangan yang akan segera hadir. Bursa regional juga masih bergerak ragu-ragu. Sementara bursa Wall Street masih libur perdagangan hingga hari Senin.Bursa Jepang mengawali perdagangan Selasa ini dengan flat, dengan Indeks Nikkei-225 dibuka menguat tipis 5,38 poin (0,05%) ke level 10.860,46.
Nilai tukar rupiah membuka perdagangan hari ini dengan penguatan tipis, mengikuti jejak penguatan mata uang regional atas dolar AS. Pada perdagangan Selasa (19/1/2010), rupiah dibuka menguat tipis ke 9.215 per dolar AS, dibandingkan penutupan kemarin di level 9.230 per dolar AS.Rupiah diprediksi hanya akan bergerak tipis karena tidak ada faktor fundamental yang menggerakkannya secara signifikan. Rumor pergantian Sri Mulyani sejauh ini belum memberikan efek yang signifikan.Di pasar Asia, dolar AS pagi ini juga bergerak tipis atas yen dan euro. Para pialang fokus pada data perekonomian yang akan datang dan masalah utang yang sedang membelit Yunani.Dolar AS melemah ke 90,69 yen, dibandingkan sebelumnya di 90,75 yen. Euro menguat tipis ke 1,4399 dolar, dibandingkan sebelumnya di 1,4382 dolar.
Deutsche: Inflasi 2010 Dilevel 6%
Deutsche Bank memprediksi, tingkat inflasi berada di level 4-6 persen dan produk domestik bruto (PDB) Indonesia akan tumbuh sebesar 5,5 persen pada 2010.
PT CIMB Securities memprediksi, PT Indosat Tbk (ISAT) tidak akan mengubah jajaran direksi atau manajemen senior karena baru melakukan perubahan pada Juni 2009 lalu. "Kami lebih percara bahwa perubahan hanya ada di elvel komisaris dan hal ini memiliki dampak yang kecil terhadap operasional serta harga saham perseroan," kata analis CIMB Securities Mastono Ali dalam riset hariannya kepada INILAH.COM, Selasa (19/1).
Setelah melalui beberapa tahapan perolehan ijin dalam rangka proses Penawaran Umum Saham Perdana (“IPO”), kemarin petang Benakat Petroleum Energi (“BPE”) resmi memperoleh pernyataan pra-efektif dari BAPEPAM-LK, dalam bentuk ijin untuk dapat melakukan publikasi Prospektus Ringkas, sebagai bagian dari proses pelaksanaan Penawaran Awal (bookbuilding) saham perdana BPE.
BRPT Bantah Marubeni Danai Akuisisi
PT Barito Pasific Tbk (BRPT) membantah kabar mengenai Marubeni Corporation akan membantu perseroan untuk mengakuisisi Star Energy.
Secara Teknis, BUMI Berpeluang Naik'
Saham PT Bumi Resources (BUMI), akan menguat terbatas pada Selasa (19/1), menyusul koreksi teknis dua hari terakhir. Investor disarankan beli di harga rendah.
PT AKR Corporindo Tbk (AKRA) akan melakukan penawaran saham umum terbatas II (PUT II) 627.658.500 saham biasa. Target dana PUT II ini sekitar Rp539.786.310.000.
Kinerja saham PT Bakrieland Development Tbk (ELTY) yang terus membaik menjadikan target buruan investor asing, terbukti harga saham di Bursa Efek Indonesia (BEI) terus melejit.
Gozco Akan Akuisisi 2 hingga 3 Perusahaan Sawit
Manajemen Gozco sudah mendekati dua hingga tiga perusahaan sawit di Sumatera. Nilai akuisisi tidak akan lebih dari Rp 500 miliar per perusahaan.
ELTY Perpanjang Periode Buyback Saham
Periode buyback ELTY akan berlanjut hingga April 2010. Dana yang digunakan merupakan dana kas internal.
Leo Investments Bakal Akuisisi Tambang Nikel
Leo Investments akan mengakuisisi 100% saham PT Arga Morini Indah yang memiliki konsesi tambang nikel di Kabaena, Sulteng.
Economic: Tambahan Belanja Sulit Dorong PDB
Rencana penambahan belanja anggaran yang berakibat pada pelebaran defisit APBN-P 2010 menjadi 2,2% .PDB diperkirakan tak akan mendorong pertumbuhan ekonomi jika masalah penyerapan belanja tidak diatasi. Ekonom Standard Chartered BI meyakini pembengkakan defisit tidak akan mampu menggenjot pertumbuhan ekonomi karena pemerintah selalu memiliki permasalahan dalam hal penyerapan belanja anggaran.
Economic: Kurs Bea Masuk Rp9.174,4/US$
Kurs rupiah sebagai dasar pelunasan bea masuk periode 18-24 Januari 2010 ditetapkan Rp9.174,40 atau menguat dibandingkan dengan pekan sebelumnya Rp9.287,00/US$. Penetapan kurs ini berdasarkan Keputusan Menkeu No.24/KM.1/2010 pada 18 Januari 2010 dan berlaku sebagai dasar pelunasan bea masuk, PPn barang dan jasa, PPN BM, pajak ekspor, dan pajak penghasilan.
Banking: BI Kaji Penerepan Exit Policy
BI mengkaji kemungkinan mencabut kebijakan persyaratan CAR minimal untuk memperoleh FPJP. Kajian ini dikaitkan dengan kondisi makro termasuk masalah krisis sebagai bagian dari kebijakan exit policy, ungkap Deputi Gubernur Senior BI. Menurutnya penurunan syarat modal minimal sebagai bagian dari respon krisis BI saat itu. Seiring dengan perbaikan ekonomi dan kondisi di sektor keuangan maka BI berencana mencabut kebijakan tersebut dan mengembalikan pada kebijakan prakrisis sebagai bagian dari exit policy.
Auto: Penjualan Mobil 2009 Turun 20%
Penjualan mobil nasional turun 20% pada tahun 2009 dari tahun lalu, namun penurunan tersebut masih lebih dibandingkan prediksi sebelumnya. Data terbaru dari Gabungan Industri Otomotif Indonesia (Gakindo) menunjukkan penjualan mobil turun menjadi 486.061 unit pada 2009 dari 607.805 pada 2008.
BBCA: Bersama PNBN Pinjami Pertamina US$145 Juta
Dua bank swasta, PT BCA dan PT Pan Indonesia Bank memberi pinjaman sebesar US$145 untuk memenuhi modal kerja PT Pertamina. Keikutsertaan dua bank tersebut merupakan bagian dari sindikasi internasional senilai US$700 juta dengan melibatkan 9 bank. Pinjaman berjangka waktu 5 tahun dengan suku bunga London Interbank Ofered Rate (Libor) plus 3,35%, termasuk spread dan fees.
ELTY: Perpanjang Periode Buyback Saham
ELTY memperpanjang periode buyback saham hingga 3 bulan ke depan. Dengan perpanjangan tersebut, ELTY berniat membeli saham yang ada di pasar hingga maksimal 20% dari modal disetor per 31 Desember 2008. Dana yang diperlukan mencapai Rp 510 miliar.
MLPL: Terancam Gagal Gelar Aksi Korporasi
Rencana MLPL menggelar aksi korporasi berupa reverse stock dan stock split terancam gagal. Hal tersebut dikarenakan perusahaan untuk kedua kalinya tidak dapat menggelar RUPSLB untuk meminta persetujuan pemegang saham terkait rencana tersebut.
ASII: Astra kuasai 58% pasar otomotif nasional
Penguasaan pasar ASII terhadap pasar mobil di Indonesia sepanjang 2009 meningkat 6% menjadi 58% dibandingkan dengan pangsa pasar pada 2008 yang mencapai 52%. Laporan penjualan mobil yang dikeluarkan ASII kemarin mengungkapkan bahwa pada tahun lalu total penjualan mobil yang berada di bawah Astra International mencapai 281.031 unit atau menguasai 58% dari total pasar mobil di Indonesia yang mencapai 486.061 unit.
PJAA: Targetkan Pendapatan Rp950 Miliar
PJAA menargetkan pendapatan akhir 2010 mencapai Rp950 miliar. Pendapatan tersebut meningkat 10% dibanding akhir 2009 yang diperkirakan sekitar Rp800 miliar. Jaya Ancol menganggarkan capex tahun ini sebesar Rp520,9 miliar. Perseroan akan menggunakan dana capex untuk mengembangkan fasilitas dan kawasan wisata. Jaya Ancol berencana membuat wahana baru free fall di kawasan Dufan. Wahana baru itu diperkirakan menelan biaya Rp30 miliar dan ditargetkan beroperasi pada Mei 2010.
BWPT: Siapkan Investasi Pabrik Rp90 Miliar
BWPT menyiapkan dana senilai Rp90 miliar untuk membangun pabrik kelapa sawit berkapasitas 45 ton tandan buah segar (TBS) per jam. Pabrik Kelapa Sawit akan dibangun 4Q10. Biaya pembangunan pabrik diambil dari capex tahun ini yang mencapai Rp350 miliar. Pembangunan Pabrik tersebut bertujuan untuk mengantisipasi peningkatan volume TBS tahun ini.
BBTN: Siap Lunasi Obligasi Rp750 Miliar
BBTN akan melunasi pokok dan kupon obligasi jatuh tempo senilai Rp751,9 miliar. Pembiayaan surat utang jatuh tempo berasal dari dana yang ditempatkan pada SBI. Berasarkan perhitungan BEI, nilai obligasi korporasi yang jatuh tempo tahun ini sebesar Rp11,67 triliun.
PGAS: Jaksa tuding IPO Gas Negara pakai suap
Proses initial public offering (IPO) PGAS (Persero) diduga melibatkan uang suap Rp1,6 miliar kepada anggota DPR periode 1999-2004 guna memuluskan aksi penawaran saham perdana itu pada 2003.
SMRA: Cari Pinjaman Rp 560 Miliar
PT Summarecon Agung Tbk (SMRA) mencari pinjaman hingga Rp 560 miliar guna memenuhi anggaran belanja modal (capex) senilai Rp 800 miliar. Terkait rencana tersebut, perusahaan telah menjajaki beberapa bank untuk meraih pinjaman. Dana yang diperoleh akan digunakan untuk ekspansi usaha di tahun ini, seperti pembangunan Mal Serpong.
CPRO: Suspensi Dicabut
Bursa Efek Indonesia akhirnya mencabut penghentian sementara perdagangan, atau suspensi, saham CPRO terhitung mulai hari ini, Selasa (19/1). Pencabutan dilakukan setelah manajemen CPRO memberi penjelasan kepada BEI tentang penyelesaian gagal bayar bunga obligasi perseroan sebesar US$17,9 juta.
TARGETKAN KONTRAK RP 20 TRILIUN, Wika Akan Emisi Obligasi Rp 400 Miliar
PT Wijaya Karya Tbk (WIKA) akan emisi obligasi senilai Rp 300-400 miliar pada semester I-2010. Dana hasil penerbitan surat utang itu akan digunakan untuk mengembangkan usaha perseroan.
Gapuraprima Beli REITs Amanah Raya
PT Perdana Gapuraprima Tbk (GPRA) menginvestasikan dana Rp 9,36 miliar pada real estate investment trusts (REITs) yang diterbitkan oleh Amanah Raya Bhd, perusahaan investasi dan properti asal Malaysia. Investasi tersebut dibiayai dari dana hasil penawaran umum perdana (IPO) saham perseroan.
Ups! Direktur Non Eksekutif PGAS Mundur
PT Perusahaan Gas Negara Tbk (PGAS) melaporkan Dirketur Non Eksekutif Sutikno mengundurkan diri dari jajaran direksi.
Berlian Laju Raih Kontrak Very US$90 Jt
BLTA telah mendapatkan kontrak sewa baru dengan PT Pertamina untuk memberikan jasa melalui sebuah Very Large Gas Carrier (VLGGC) sekitar US$90 juta.
Sumber: Detik.com, Inilah.com, Investordaily, Kontan.co.id
Harga saham PT Aneka Tambang Tbk (ANTM) berpeluang menuju Rp3.000 dalam jangka pendek. Perseroan dikabrakan bakal menggelar aksi korporasi dalam waktu dekat. Perseroan telah mengajukan rencana tersebut kepada otoritas pasar modal. Kenaikan harga emas dan rencana perseroan membeli saham Freeport juga bakal berdampak positif.
IHSG dibuka mneguat ke level tertinggi 2.656Kegamangan masih menaungi perdagangan saham pada Selasa (19/1/2010). IHSG diprediksi masih akan bergerak variatif pada nilai transaksi yang tidak terlalu tebal. Tanpa sentimen besar di pasar, investor memilih menunggu musim laporan keuangan yang akan segera hadir. Bursa regional juga masih bergerak ragu-ragu. Sementara bursa Wall Street masih libur perdagangan hingga hari Senin.Bursa Jepang mengawali perdagangan Selasa ini dengan flat, dengan Indeks Nikkei-225 dibuka menguat tipis 5,38 poin (0,05%) ke level 10.860,46.
Nilai tukar rupiah membuka perdagangan hari ini dengan penguatan tipis, mengikuti jejak penguatan mata uang regional atas dolar AS. Pada perdagangan Selasa (19/1/2010), rupiah dibuka menguat tipis ke 9.215 per dolar AS, dibandingkan penutupan kemarin di level 9.230 per dolar AS.Rupiah diprediksi hanya akan bergerak tipis karena tidak ada faktor fundamental yang menggerakkannya secara signifikan. Rumor pergantian Sri Mulyani sejauh ini belum memberikan efek yang signifikan.Di pasar Asia, dolar AS pagi ini juga bergerak tipis atas yen dan euro. Para pialang fokus pada data perekonomian yang akan datang dan masalah utang yang sedang membelit Yunani.Dolar AS melemah ke 90,69 yen, dibandingkan sebelumnya di 90,75 yen. Euro menguat tipis ke 1,4399 dolar, dibandingkan sebelumnya di 1,4382 dolar.
Deutsche: Inflasi 2010 Dilevel 6%
Deutsche Bank memprediksi, tingkat inflasi berada di level 4-6 persen dan produk domestik bruto (PDB) Indonesia akan tumbuh sebesar 5,5 persen pada 2010.
PT CIMB Securities memprediksi, PT Indosat Tbk (ISAT) tidak akan mengubah jajaran direksi atau manajemen senior karena baru melakukan perubahan pada Juni 2009 lalu. "Kami lebih percara bahwa perubahan hanya ada di elvel komisaris dan hal ini memiliki dampak yang kecil terhadap operasional serta harga saham perseroan," kata analis CIMB Securities Mastono Ali dalam riset hariannya kepada INILAH.COM, Selasa (19/1).
Setelah melalui beberapa tahapan perolehan ijin dalam rangka proses Penawaran Umum Saham Perdana (“IPO”), kemarin petang Benakat Petroleum Energi (“BPE”) resmi memperoleh pernyataan pra-efektif dari BAPEPAM-LK, dalam bentuk ijin untuk dapat melakukan publikasi Prospektus Ringkas, sebagai bagian dari proses pelaksanaan Penawaran Awal (bookbuilding) saham perdana BPE.
BRPT Bantah Marubeni Danai Akuisisi
PT Barito Pasific Tbk (BRPT) membantah kabar mengenai Marubeni Corporation akan membantu perseroan untuk mengakuisisi Star Energy.
Secara Teknis, BUMI Berpeluang Naik'
Saham PT Bumi Resources (BUMI), akan menguat terbatas pada Selasa (19/1), menyusul koreksi teknis dua hari terakhir. Investor disarankan beli di harga rendah.
PT AKR Corporindo Tbk (AKRA) akan melakukan penawaran saham umum terbatas II (PUT II) 627.658.500 saham biasa. Target dana PUT II ini sekitar Rp539.786.310.000.
Kinerja saham PT Bakrieland Development Tbk (ELTY) yang terus membaik menjadikan target buruan investor asing, terbukti harga saham di Bursa Efek Indonesia (BEI) terus melejit.
Gozco Akan Akuisisi 2 hingga 3 Perusahaan Sawit
Manajemen Gozco sudah mendekati dua hingga tiga perusahaan sawit di Sumatera. Nilai akuisisi tidak akan lebih dari Rp 500 miliar per perusahaan.
ELTY Perpanjang Periode Buyback Saham
Periode buyback ELTY akan berlanjut hingga April 2010. Dana yang digunakan merupakan dana kas internal.
Leo Investments Bakal Akuisisi Tambang Nikel
Leo Investments akan mengakuisisi 100% saham PT Arga Morini Indah yang memiliki konsesi tambang nikel di Kabaena, Sulteng.
Economic: Tambahan Belanja Sulit Dorong PDB
Rencana penambahan belanja anggaran yang berakibat pada pelebaran defisit APBN-P 2010 menjadi 2,2% .PDB diperkirakan tak akan mendorong pertumbuhan ekonomi jika masalah penyerapan belanja tidak diatasi. Ekonom Standard Chartered BI meyakini pembengkakan defisit tidak akan mampu menggenjot pertumbuhan ekonomi karena pemerintah selalu memiliki permasalahan dalam hal penyerapan belanja anggaran.
Economic: Kurs Bea Masuk Rp9.174,4/US$
Kurs rupiah sebagai dasar pelunasan bea masuk periode 18-24 Januari 2010 ditetapkan Rp9.174,40 atau menguat dibandingkan dengan pekan sebelumnya Rp9.287,00/US$. Penetapan kurs ini berdasarkan Keputusan Menkeu No.24/KM.1/2010 pada 18 Januari 2010 dan berlaku sebagai dasar pelunasan bea masuk, PPn barang dan jasa, PPN BM, pajak ekspor, dan pajak penghasilan.
Banking: BI Kaji Penerepan Exit Policy
BI mengkaji kemungkinan mencabut kebijakan persyaratan CAR minimal untuk memperoleh FPJP. Kajian ini dikaitkan dengan kondisi makro termasuk masalah krisis sebagai bagian dari kebijakan exit policy, ungkap Deputi Gubernur Senior BI. Menurutnya penurunan syarat modal minimal sebagai bagian dari respon krisis BI saat itu. Seiring dengan perbaikan ekonomi dan kondisi di sektor keuangan maka BI berencana mencabut kebijakan tersebut dan mengembalikan pada kebijakan prakrisis sebagai bagian dari exit policy.
Auto: Penjualan Mobil 2009 Turun 20%
Penjualan mobil nasional turun 20% pada tahun 2009 dari tahun lalu, namun penurunan tersebut masih lebih dibandingkan prediksi sebelumnya. Data terbaru dari Gabungan Industri Otomotif Indonesia (Gakindo) menunjukkan penjualan mobil turun menjadi 486.061 unit pada 2009 dari 607.805 pada 2008.
BBCA: Bersama PNBN Pinjami Pertamina US$145 Juta
Dua bank swasta, PT BCA dan PT Pan Indonesia Bank memberi pinjaman sebesar US$145 untuk memenuhi modal kerja PT Pertamina. Keikutsertaan dua bank tersebut merupakan bagian dari sindikasi internasional senilai US$700 juta dengan melibatkan 9 bank. Pinjaman berjangka waktu 5 tahun dengan suku bunga London Interbank Ofered Rate (Libor) plus 3,35%, termasuk spread dan fees.
ELTY: Perpanjang Periode Buyback Saham
ELTY memperpanjang periode buyback saham hingga 3 bulan ke depan. Dengan perpanjangan tersebut, ELTY berniat membeli saham yang ada di pasar hingga maksimal 20% dari modal disetor per 31 Desember 2008. Dana yang diperlukan mencapai Rp 510 miliar.
MLPL: Terancam Gagal Gelar Aksi Korporasi
Rencana MLPL menggelar aksi korporasi berupa reverse stock dan stock split terancam gagal. Hal tersebut dikarenakan perusahaan untuk kedua kalinya tidak dapat menggelar RUPSLB untuk meminta persetujuan pemegang saham terkait rencana tersebut.
ASII: Astra kuasai 58% pasar otomotif nasional
Penguasaan pasar ASII terhadap pasar mobil di Indonesia sepanjang 2009 meningkat 6% menjadi 58% dibandingkan dengan pangsa pasar pada 2008 yang mencapai 52%. Laporan penjualan mobil yang dikeluarkan ASII kemarin mengungkapkan bahwa pada tahun lalu total penjualan mobil yang berada di bawah Astra International mencapai 281.031 unit atau menguasai 58% dari total pasar mobil di Indonesia yang mencapai 486.061 unit.
PJAA: Targetkan Pendapatan Rp950 Miliar
PJAA menargetkan pendapatan akhir 2010 mencapai Rp950 miliar. Pendapatan tersebut meningkat 10% dibanding akhir 2009 yang diperkirakan sekitar Rp800 miliar. Jaya Ancol menganggarkan capex tahun ini sebesar Rp520,9 miliar. Perseroan akan menggunakan dana capex untuk mengembangkan fasilitas dan kawasan wisata. Jaya Ancol berencana membuat wahana baru free fall di kawasan Dufan. Wahana baru itu diperkirakan menelan biaya Rp30 miliar dan ditargetkan beroperasi pada Mei 2010.
BWPT: Siapkan Investasi Pabrik Rp90 Miliar
BWPT menyiapkan dana senilai Rp90 miliar untuk membangun pabrik kelapa sawit berkapasitas 45 ton tandan buah segar (TBS) per jam. Pabrik Kelapa Sawit akan dibangun 4Q10. Biaya pembangunan pabrik diambil dari capex tahun ini yang mencapai Rp350 miliar. Pembangunan Pabrik tersebut bertujuan untuk mengantisipasi peningkatan volume TBS tahun ini.
BBTN: Siap Lunasi Obligasi Rp750 Miliar
BBTN akan melunasi pokok dan kupon obligasi jatuh tempo senilai Rp751,9 miliar. Pembiayaan surat utang jatuh tempo berasal dari dana yang ditempatkan pada SBI. Berasarkan perhitungan BEI, nilai obligasi korporasi yang jatuh tempo tahun ini sebesar Rp11,67 triliun.
PGAS: Jaksa tuding IPO Gas Negara pakai suap
Proses initial public offering (IPO) PGAS (Persero) diduga melibatkan uang suap Rp1,6 miliar kepada anggota DPR periode 1999-2004 guna memuluskan aksi penawaran saham perdana itu pada 2003.
SMRA: Cari Pinjaman Rp 560 Miliar
PT Summarecon Agung Tbk (SMRA) mencari pinjaman hingga Rp 560 miliar guna memenuhi anggaran belanja modal (capex) senilai Rp 800 miliar. Terkait rencana tersebut, perusahaan telah menjajaki beberapa bank untuk meraih pinjaman. Dana yang diperoleh akan digunakan untuk ekspansi usaha di tahun ini, seperti pembangunan Mal Serpong.
CPRO: Suspensi Dicabut
Bursa Efek Indonesia akhirnya mencabut penghentian sementara perdagangan, atau suspensi, saham CPRO terhitung mulai hari ini, Selasa (19/1). Pencabutan dilakukan setelah manajemen CPRO memberi penjelasan kepada BEI tentang penyelesaian gagal bayar bunga obligasi perseroan sebesar US$17,9 juta.
TARGETKAN KONTRAK RP 20 TRILIUN, Wika Akan Emisi Obligasi Rp 400 Miliar
PT Wijaya Karya Tbk (WIKA) akan emisi obligasi senilai Rp 300-400 miliar pada semester I-2010. Dana hasil penerbitan surat utang itu akan digunakan untuk mengembangkan usaha perseroan.
Gapuraprima Beli REITs Amanah Raya
PT Perdana Gapuraprima Tbk (GPRA) menginvestasikan dana Rp 9,36 miliar pada real estate investment trusts (REITs) yang diterbitkan oleh Amanah Raya Bhd, perusahaan investasi dan properti asal Malaysia. Investasi tersebut dibiayai dari dana hasil penawaran umum perdana (IPO) saham perseroan.
Ups! Direktur Non Eksekutif PGAS Mundur
PT Perusahaan Gas Negara Tbk (PGAS) melaporkan Dirketur Non Eksekutif Sutikno mengundurkan diri dari jajaran direksi.
Berlian Laju Raih Kontrak Very US$90 Jt
BLTA telah mendapatkan kontrak sewa baru dengan PT Pertamina untuk memberikan jasa melalui sebuah Very Large Gas Carrier (VLGGC) sekitar US$90 juta.
Sumber: Detik.com, Inilah.com, Investordaily, Kontan.co.id
Update Daily Investment News
We Are in V-Shaped Recovery, Stay in Stocks: Strategist
By: Lisa Auret Assistant Web Producer, CNBC
The recovery won't be bolstered by the consumer, like in previous recessions. Instead demand will come from a build-up of low inventories and large companies' exposure to emerging market growth, Edith Thouin, vice president of ABN Amro Private Banking said Monday."We do think we are in a V-shaped recovery and equities are the place to be," she said, adding that investors should still shift their focus into a more diversified portfolio.She told CNBC investors should bet on industrial and base material companies, as well as international companies with good exposure to China, South America and other emerging market countries.
http://www.cnbc.com/id/34921771
Euro May Fall to 7-Month Low on Fibonacci: Technical Analysis
(Bloomberg) -- The euro may decline to a seven- month low of $1.380, Tokai Tokyo Securities Co. said, citing trading patterns. The euro is poised to fall to its 200-day moving average of about $1.4288, said Yoh Nihei, a Tokyo-based trading group manager at Tokai. Should the 16-nation currency drop below that level, it will decline toward $1.4120, a 38.2 percent Fibonacci retracement of its advance from $1.2457 on March 4 to $1.5144 on Nov. 25, he said.If the 16-nation euro falls below $1.4120, the next support level will be $1.380, a 50 percent Fibonacci retracement, Nihei said. That would be the lowest since June 16. Support refers to an area where buy orders may be clustered.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFXZ8OpC2PsY
Euro Weakness Versus Pound Set to Intensify: Technical Analysis
(Bloomberg) -- The euro’s decline against the pound may accelerate, according to at least four technical indicators. The moving average convergence/divergence, or MACD, which signals directional trends for a security, gave a so-called sell signal for the euro on Jan. 13. Parabolic systems, used by traders to track the strength of a trend, switched to a sell a day later. The directional movement indicator, or DMI, also indicated the trend for the common European currency is lower.The euro is weakening after European Central Bank President Jean-Claude Trichet said on Jan. 14 that the region’s economic outlook remains uncertain and said policy makers won’t rescue Greece as the country struggles to reduce its budget deficit. The pound gained versus the single currency last week on speculation the Bank of England will allow its bond-buying program to expire as the recovery takes hold.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awNzWDIO_Tlc
Fibonacci Shows DAX Index May Fall to 5,840: Technical Analysis
(Bloomberg) -- Germany’s benchmark DAX Index may fall to 5,840 in a “continued consolidation move,” according to a technical analyst at DZ Bank AG who looks at Fibonacci retracements to predict market movements. “The significant upward momentum of the short-term trend has now been lost, at least from a quantitative point of view,” after the measure dropped below the 38.2 percent Fibonacci retracement level at 5,910, DZ Bank’s Dirk Oppermann wrote in a report to clients today. “The continued consolidation move once again confirms the currently unfavorable cyclical environment on the international stock markets.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayx8TK8L5jVM
Oil Prices to Fall This Week: CNBC Survey
By: Sri Jegarajah Singapore Reporter
CNBC's weekly poll of analysts forecasts oil to continue to fall this week as weak fundamentals (supply overhang and anemic demand) weigh on the market.Out of 12 analysts, nine (or 75 percent) expect prices to fall this week, three said they would be largely unchanged and none expected prices to rise.
Oil fell nearly 6 percent last week and some respondents see a test of $76/bbl, possibly $74 this week. China monetary tightening and a slow start to the U.S. earnings season may also drag. But investor buying on the dips -- as the the global economic recovery gains traction-- may limit any move lower.
http://www.cnbc.com/id/34916169
Market Tips: Stocks Still in a Bull Run
By: CNBC.com
Global stocks were firmer on Monday as metal prices rose on strong Chinese demand hopes. But crude prices were weak as renewed concerns about energy demand prompted investors to sell down their positions.Experts told CNBC that stocks can still go higher, while the oil market could be in for a further correction.Buy on Dips as Equities Still in Bull Run
Roger Groebli, executive director at LGT Capital Management says equity markets are still in a bull run and investors should buy on dips, especially for those who had missed the rally in 2009.
Crude Market In For Further Correction
The crude market could correct further, says Peter McGuire, managing director at CWA Global Markets.
Dollar Bounce Expected
There is a good reason for a dollar-bounce, predicts Sean Callow, senior currency strategist at Westpac Bank. He shares his outlook for the dollar & commodity currencies.
China Data to Impact Dollar
China's economic data will have a strong impact on the greenback, says Damien McColough, chief interest rate strategist at Westpac Institutional Bank.
Yen Set to Weaken
The yen may become another carry-trade currency that will support the US dollar, says Andrew Freris, senior investment strategist at BNP Paribas Wealth Management, which could eventually see the Japanese currency weaken progressively.
Investing in Asia
China, Hong Kong and South Korea will be on a growth trajectory, says Paul Heffner, CEO at Gen2 Partners.
Food Shortages Coming, Buy Commodities: Jim Rogers
Chartology: Is Market About To Tumble?
By: Lee Brodie Producer
Selling dominated on Friday after JPMorgan dashed hopes that consumer credit was on the mend.Adding to the bearish tone, a survey showed U.S. consumer sentiment was little changed in early January, as worries over income and high unemployment offset news of an improving economy. Also energy [XLE Loading... () ] and materials [XHB Loading... () ] names were hammered after the dollar [US@DX.1 Loading... ()] made gains against a basket of currencies dragging down commodity prices; lately a stronger dollar has been bearish for the market.
http://www.cnbc.com/id/34883179
U.S. Stocks May Outperform Asian Equities, Says HSBC’s Evans
(Bloomberg) -- U.S. shares may surprise on the upside this year after lagging behind 2009’s worldwide stock rally, said Garry Evans, head of global equity strategy at HSBC Holdings Plc. “People have got very high expectations for Asia already,” Evans said on Bloomberg Television. “Contrast that to the US where everyone is so bearish, it can only surprise on the upside.” HSBC has an “overweight” rating for U.S. equities and “underweight” on Asia excluding Japan.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPUzyK8bs_nw
Guinness Wealth Managers Avoid Corporate Bonds, Prefer Stocks
(Bloomberg) -- The managers of the Guinness brewing family’s fortune are putting more money into stocks and avoiding government and corporate bonds because of concern about rising debt in places such as the U.K. Iveagh Private Investment House, the company that oversees the money, is staying away from bonds sold by the British and Greek governments as well as soccer club Manchester United, said Paul Ross, chief executive officer of the asset manager.
http://www.blogger.com/post-edit.g?blogID=6833542981102286398&postID=1657225379961211701
OPEC Won’t Need to Raise Oil Output in 2010, IEA Says
(Bloomberg) -- The Organization of Petroleum Exporting Countries won’t need to raise oil production this year as its output of natural gas liquids increases, the International Energy Agency’s deputy executive director said. “We don’t see a big change in OPEC production this year,” Richard Jones said in an interview late yesterday in Abu Dhabi. “First, non-OPEC production is going to go up, modestly. But the big difference is that OPEC’s production of natural gas liquids increases, by 800,000 barrels a day.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aePS_yr3mlYo
India Stocks Are ‘Most Vulnerable’ to Rates, Goldman Sachs Says
(Bloomberg) -- Indian stocks may be most at risk of a “tactical correction” from rising interest rates after China restrained lending, dragging equities lower last week, Goldman Sachs Group Inc. said. The Reserve Bank of India may increase its repurchase and reverse repurchase rates and cash reserve ratio at a Jan. 29 meeting, the first increases since July 2008, Goldman Sachs analysts led by Timothy Moe wrote in a Jan. 15 report. India’s wholesale prices may rise 5 percent in the 12 months ending March 2011 from 3.4 percent this year, they estimated.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMfgi04jqOPY
By: Lisa Auret Assistant Web Producer, CNBC
The recovery won't be bolstered by the consumer, like in previous recessions. Instead demand will come from a build-up of low inventories and large companies' exposure to emerging market growth, Edith Thouin, vice president of ABN Amro Private Banking said Monday."We do think we are in a V-shaped recovery and equities are the place to be," she said, adding that investors should still shift their focus into a more diversified portfolio.She told CNBC investors should bet on industrial and base material companies, as well as international companies with good exposure to China, South America and other emerging market countries.
http://www.cnbc.com/id/34921771
Euro May Fall to 7-Month Low on Fibonacci: Technical Analysis
(Bloomberg) -- The euro may decline to a seven- month low of $1.380, Tokai Tokyo Securities Co. said, citing trading patterns. The euro is poised to fall to its 200-day moving average of about $1.4288, said Yoh Nihei, a Tokyo-based trading group manager at Tokai. Should the 16-nation currency drop below that level, it will decline toward $1.4120, a 38.2 percent Fibonacci retracement of its advance from $1.2457 on March 4 to $1.5144 on Nov. 25, he said.If the 16-nation euro falls below $1.4120, the next support level will be $1.380, a 50 percent Fibonacci retracement, Nihei said. That would be the lowest since June 16. Support refers to an area where buy orders may be clustered.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFXZ8OpC2PsY
Euro Weakness Versus Pound Set to Intensify: Technical Analysis
(Bloomberg) -- The euro’s decline against the pound may accelerate, according to at least four technical indicators. The moving average convergence/divergence, or MACD, which signals directional trends for a security, gave a so-called sell signal for the euro on Jan. 13. Parabolic systems, used by traders to track the strength of a trend, switched to a sell a day later. The directional movement indicator, or DMI, also indicated the trend for the common European currency is lower.The euro is weakening after European Central Bank President Jean-Claude Trichet said on Jan. 14 that the region’s economic outlook remains uncertain and said policy makers won’t rescue Greece as the country struggles to reduce its budget deficit. The pound gained versus the single currency last week on speculation the Bank of England will allow its bond-buying program to expire as the recovery takes hold.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awNzWDIO_Tlc
Fibonacci Shows DAX Index May Fall to 5,840: Technical Analysis
(Bloomberg) -- Germany’s benchmark DAX Index may fall to 5,840 in a “continued consolidation move,” according to a technical analyst at DZ Bank AG who looks at Fibonacci retracements to predict market movements. “The significant upward momentum of the short-term trend has now been lost, at least from a quantitative point of view,” after the measure dropped below the 38.2 percent Fibonacci retracement level at 5,910, DZ Bank’s Dirk Oppermann wrote in a report to clients today. “The continued consolidation move once again confirms the currently unfavorable cyclical environment on the international stock markets.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayx8TK8L5jVM
Oil Prices to Fall This Week: CNBC Survey
By: Sri Jegarajah Singapore Reporter
CNBC's weekly poll of analysts forecasts oil to continue to fall this week as weak fundamentals (supply overhang and anemic demand) weigh on the market.Out of 12 analysts, nine (or 75 percent) expect prices to fall this week, three said they would be largely unchanged and none expected prices to rise.
Oil fell nearly 6 percent last week and some respondents see a test of $76/bbl, possibly $74 this week. China monetary tightening and a slow start to the U.S. earnings season may also drag. But investor buying on the dips -- as the the global economic recovery gains traction-- may limit any move lower.
http://www.cnbc.com/id/34916169
Market Tips: Stocks Still in a Bull Run
By: CNBC.com
Global stocks were firmer on Monday as metal prices rose on strong Chinese demand hopes. But crude prices were weak as renewed concerns about energy demand prompted investors to sell down their positions.Experts told CNBC that stocks can still go higher, while the oil market could be in for a further correction.Buy on Dips as Equities Still in Bull Run
Roger Groebli, executive director at LGT Capital Management says equity markets are still in a bull run and investors should buy on dips, especially for those who had missed the rally in 2009.
Crude Market In For Further Correction
The crude market could correct further, says Peter McGuire, managing director at CWA Global Markets.
Dollar Bounce Expected
There is a good reason for a dollar-bounce, predicts Sean Callow, senior currency strategist at Westpac Bank. He shares his outlook for the dollar & commodity currencies.
China Data to Impact Dollar
China's economic data will have a strong impact on the greenback, says Damien McColough, chief interest rate strategist at Westpac Institutional Bank.
Yen Set to Weaken
The yen may become another carry-trade currency that will support the US dollar, says Andrew Freris, senior investment strategist at BNP Paribas Wealth Management, which could eventually see the Japanese currency weaken progressively.
Investing in Asia
China, Hong Kong and South Korea will be on a growth trajectory, says Paul Heffner, CEO at Gen2 Partners.
Food Shortages Coming, Buy Commodities: Jim Rogers
Chartology: Is Market About To Tumble?
By: Lee Brodie Producer
Selling dominated on Friday after JPMorgan dashed hopes that consumer credit was on the mend.Adding to the bearish tone, a survey showed U.S. consumer sentiment was little changed in early January, as worries over income and high unemployment offset news of an improving economy. Also energy [XLE Loading... () ] and materials [XHB Loading... () ] names were hammered after the dollar [US@DX.1 Loading... ()] made gains against a basket of currencies dragging down commodity prices; lately a stronger dollar has been bearish for the market.
http://www.cnbc.com/id/34883179
U.S. Stocks May Outperform Asian Equities, Says HSBC’s Evans
(Bloomberg) -- U.S. shares may surprise on the upside this year after lagging behind 2009’s worldwide stock rally, said Garry Evans, head of global equity strategy at HSBC Holdings Plc. “People have got very high expectations for Asia already,” Evans said on Bloomberg Television. “Contrast that to the US where everyone is so bearish, it can only surprise on the upside.” HSBC has an “overweight” rating for U.S. equities and “underweight” on Asia excluding Japan.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPUzyK8bs_nw
Guinness Wealth Managers Avoid Corporate Bonds, Prefer Stocks
(Bloomberg) -- The managers of the Guinness brewing family’s fortune are putting more money into stocks and avoiding government and corporate bonds because of concern about rising debt in places such as the U.K. Iveagh Private Investment House, the company that oversees the money, is staying away from bonds sold by the British and Greek governments as well as soccer club Manchester United, said Paul Ross, chief executive officer of the asset manager.
http://www.blogger.com/post-edit.g?blogID=6833542981102286398&postID=1657225379961211701
OPEC Won’t Need to Raise Oil Output in 2010, IEA Says
(Bloomberg) -- The Organization of Petroleum Exporting Countries won’t need to raise oil production this year as its output of natural gas liquids increases, the International Energy Agency’s deputy executive director said. “We don’t see a big change in OPEC production this year,” Richard Jones said in an interview late yesterday in Abu Dhabi. “First, non-OPEC production is going to go up, modestly. But the big difference is that OPEC’s production of natural gas liquids increases, by 800,000 barrels a day.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aePS_yr3mlYo
India Stocks Are ‘Most Vulnerable’ to Rates, Goldman Sachs Says
(Bloomberg) -- Indian stocks may be most at risk of a “tactical correction” from rising interest rates after China restrained lending, dragging equities lower last week, Goldman Sachs Group Inc. said. The Reserve Bank of India may increase its repurchase and reverse repurchase rates and cash reserve ratio at a Jan. 29 meeting, the first increases since July 2008, Goldman Sachs analysts led by Timothy Moe wrote in a Jan. 15 report. India’s wholesale prices may rise 5 percent in the 12 months ending March 2011 from 3.4 percent this year, they estimated.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMfgi04jqOPY
Monday, January 18, 2010
Update Daily Investment News
Indonesia's finance minister may go by Feb: report
JAKARTA (Reuters) - Indonesia Finance Minister Sri Mulyani Indrawati, a top reformer in President Susilo Bambang Yudhoyono's cabinet, may be replaced by February, the Jakarta Post reported, quoting anonymous sources from a political party. Indrawati and Vice President Boediono are considered the main drivers of reform in Southeast Asia's biggest economy and play a critical role in attracting foreign investment for infrastructure and other projects.The loss of one or other from the cabinet would severely dent investor confidence in Indonesia's commitment to reform and would hit the rupiah currency, bonds and stocks.Both technocrats have been questioned in recent weeks by a parliamentary committee over their decision to bail out Bank Century, a small bank, at the height of the 2008 financial crisis in order to avert a wider financial panic.Officials from the Golkar Party, the political party headed by tycoon Aburizal Bakrie who has long resisted Indrawati's reforms, were quoted by the Jakarta Post saying that the finance minister would probably be replaced by Anggito Abimanyu, head of the fiscal policy agency.President Yudhoyono was re-elected in July thanks to his government's economic policies, reforms, and efforts to tackle corruption.Indrawati and Boediono, who was governor of the central bank at the time, both approved the 6.7 trillion rupiah ($729.4 million) government rescue of Bank Century late in 2008 as Indonesia started to feel the impact of the global financial crisis.
Markets to Peak in Late January: Strategist
By: JeeYeon Park CNBC News Associate
Markets opened lower on Friday and Marc Pado, U.S. market strategist at Cantor Fitzgerald, speculated investors will be taking in profits ahead of the three-day weekend. What should we expect going forward? He shared his market insight.“We’re headed into a strong earnings season, we’re moving higher,” Pado told CNBC.“We expect to reach some sort of peak in the last week of January and then we’ll be set up for a correction.”Pado said the markets have rallied for 10 months and now may see a “substantial pullback.” He added that high unemployment rates will also be a catalyst for bringing the market lower.“In the near-term, you do have to go to the defensive stocks and then we’re looking for a shift to technology back in the summer, because technology really is leading the way and will continue to lead the way in the long term,” he said.
Week Ahead: Earnings Will Call the Tune for Stocks
By: Patti Domm CNBC Executive Editor
Earnings will be a challenge for stocks in the coming week, as major bank and tech firms report, along with hundreds of other companies.Traders on the floor of the New York Stock Exchange.The question, though, is whether earnings news will be strong enough to keep the rally going or investors will see it as an excuse to take profits temporarily.The latter was the case Friday, when tech giant Intel [INTC Loading... () ] fell after reporting better-than-expected profits and an improved outlook. JPMorgan Chase [JPM Loading... () ] stock also fell, and its report raised the flag on other bank stocks after loan losses and weaker-than-expected revenues outweighed a strong income number. Both stocks had moved higher ahead of their reports."We think the reaction is overdone. The issue for equity markets in earnings is really, about, in our view, the multiple," said Binky Chadha, chief U.S. equities strategist at Deutsche Bank.
http://www.cnbc.com/id/34886508
Euro-Region Strains May ‘Undermine’ Currency, Citigroup Says
(Bloomberg) -- The euro may be hurt by fiscal turmoil within the 16-nation union, Citigroup Inc. said. “The sharpening internal strains illustrate that the euro- zone is far from being an optimal currency union,” Michael Hart, a foreign-exchange strategist in London, wrote yesterday in a report. “These internal strains are independent of the external value of the euro but will in turn continue to undermine it.”
Euro May Fall on Wider Greek-German Spread, Deutsche Bank Says
(Bloomberg) -- The euro may extend its decline against the dollar as the premium investors demand for holding Greek bonds instead of benchmark German securities continues to rise, according to Deutsche Bank AG. The difference in yield, or spread, between 10-year Greek debt and German bunds “could widen out beyond the peak of circa 300 basis points,” Adam Boyton, a senior currency strategist in New York at Deutsche Bank, wrote in a research note. “This would suggest some modest downward pressure on euro-dollar.” The euro traded at $1.4377 as of 12:10 p.m. in London from $1.4499 last week. The yield spread between Greek and German bonds was at 272 basis points after reaching 282 basis points earlier. It climbed to 300 basis points in March. A further indicator that the euro may decline is the weakening correlation between the Greek-German bond spread and the Standard & Poor’s 500 Index of stocks, which traditionally have both been driven by “risk sentiment,” according to the bank.
The decline in the correlation is “significant from a foreign-exchange perspective as it arguably has much more information content for the euro than a co-movement with other measures of risk on-risk off,” Boyton wrote. “Hence, it would not be surprising to see the correlation between the euro-dollar and peripheral bond spreads pick up further should this environment persist.”Deutsche Bank forecasts the euro will fall to $1.40 by the end of this year, according to data compiled by Bloomberg.
Gold May Drop in Asia as Dollar Strength Dims Investment Demand
(Bloomberg) -- Gold, little changed in Asia, may decline for a second day as the dollar strengthened, eroding demand for the precious metal as an alternative investment. Bullion held by the SPDR Gold Trust, the biggest exchange- traded fund backed by the metal, fell for a second straight day to 1,112.84 metric tons on Jan. 15, according to the company’s Web site. The dollar rose to a one-week high against the euro on speculation Greece’s struggle to contain its budget deficit will deter investors from buying the region’s assets.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPiFZgN76D3s
For ‘Safe’ Investors, This May Be a Challenging Year
By: Jeff Sommers The New York Times
Money market funds are paying investors next to nothing.More precisely, the 100 biggest funds are now paying 0.05 percent annually, on average, a yield as low as it has ever been, according to Peter G. Crane, the president of Crane Data of Westborough, Mass. “It’s so low it’s a joke,” Mr. Crane said. “At that yield, it would take more than 1,000 years to double your money.” This microscopic rate of return is part of the continuing fallout of the financial crisis — a consequence of the very loose monetary policy of the Federal Reserve and other central banks. They have held their benchmark short-term rates at rock-bottom levels while using unorthodox methods, known as “quantitative easing,” to restore the health of the global financial system.
http://www.cnbc.com/id/34897996
Expect Dow 11,500-13,000 This Summer: Strategist
Markets are digesting mixed economic data over weakness in the jobs market, retail and government efforts to hold bailed-out bankers accountable. Will stocks prove to be resilient and go higher? Paul Schatz, president of Heritage Capital, and Andrew Kanaly, chairman of Kanaly Trust Company, weighed in. “The market’s setting up for a very routine, healthy, normal pullback of 4 to 7 percent,” Schatz told CNBC.“Maybe we have a percent or two left on the upside in the next week to 10 days.”Schatz said he expects markets to pull back up to 7 percent into late February before the rallying into the summer.“We’ll get to Dow 11,500 to 13,000,” he said. “It will be fairly broad-based—semiconductors, energy services and I like utilities—a lot of sectors are going to participate in that last rally.”
http://www.cnbc.com/id/34861924
JAKARTA (Reuters) - Indonesia Finance Minister Sri Mulyani Indrawati, a top reformer in President Susilo Bambang Yudhoyono's cabinet, may be replaced by February, the Jakarta Post reported, quoting anonymous sources from a political party. Indrawati and Vice President Boediono are considered the main drivers of reform in Southeast Asia's biggest economy and play a critical role in attracting foreign investment for infrastructure and other projects.The loss of one or other from the cabinet would severely dent investor confidence in Indonesia's commitment to reform and would hit the rupiah currency, bonds and stocks.Both technocrats have been questioned in recent weeks by a parliamentary committee over their decision to bail out Bank Century, a small bank, at the height of the 2008 financial crisis in order to avert a wider financial panic.Officials from the Golkar Party, the political party headed by tycoon Aburizal Bakrie who has long resisted Indrawati's reforms, were quoted by the Jakarta Post saying that the finance minister would probably be replaced by Anggito Abimanyu, head of the fiscal policy agency.President Yudhoyono was re-elected in July thanks to his government's economic policies, reforms, and efforts to tackle corruption.Indrawati and Boediono, who was governor of the central bank at the time, both approved the 6.7 trillion rupiah ($729.4 million) government rescue of Bank Century late in 2008 as Indonesia started to feel the impact of the global financial crisis.
Markets to Peak in Late January: Strategist
By: JeeYeon Park CNBC News Associate
Markets opened lower on Friday and Marc Pado, U.S. market strategist at Cantor Fitzgerald, speculated investors will be taking in profits ahead of the three-day weekend. What should we expect going forward? He shared his market insight.“We’re headed into a strong earnings season, we’re moving higher,” Pado told CNBC.“We expect to reach some sort of peak in the last week of January and then we’ll be set up for a correction.”Pado said the markets have rallied for 10 months and now may see a “substantial pullback.” He added that high unemployment rates will also be a catalyst for bringing the market lower.“In the near-term, you do have to go to the defensive stocks and then we’re looking for a shift to technology back in the summer, because technology really is leading the way and will continue to lead the way in the long term,” he said.
Week Ahead: Earnings Will Call the Tune for Stocks
By: Patti Domm CNBC Executive Editor
Earnings will be a challenge for stocks in the coming week, as major bank and tech firms report, along with hundreds of other companies.Traders on the floor of the New York Stock Exchange.The question, though, is whether earnings news will be strong enough to keep the rally going or investors will see it as an excuse to take profits temporarily.The latter was the case Friday, when tech giant Intel [INTC Loading... () ] fell after reporting better-than-expected profits and an improved outlook. JPMorgan Chase [JPM Loading... () ] stock also fell, and its report raised the flag on other bank stocks after loan losses and weaker-than-expected revenues outweighed a strong income number. Both stocks had moved higher ahead of their reports."We think the reaction is overdone. The issue for equity markets in earnings is really, about, in our view, the multiple," said Binky Chadha, chief U.S. equities strategist at Deutsche Bank.
http://www.cnbc.com/id/34886508
Euro-Region Strains May ‘Undermine’ Currency, Citigroup Says
(Bloomberg) -- The euro may be hurt by fiscal turmoil within the 16-nation union, Citigroup Inc. said. “The sharpening internal strains illustrate that the euro- zone is far from being an optimal currency union,” Michael Hart, a foreign-exchange strategist in London, wrote yesterday in a report. “These internal strains are independent of the external value of the euro but will in turn continue to undermine it.”
Euro May Fall on Wider Greek-German Spread, Deutsche Bank Says
(Bloomberg) -- The euro may extend its decline against the dollar as the premium investors demand for holding Greek bonds instead of benchmark German securities continues to rise, according to Deutsche Bank AG. The difference in yield, or spread, between 10-year Greek debt and German bunds “could widen out beyond the peak of circa 300 basis points,” Adam Boyton, a senior currency strategist in New York at Deutsche Bank, wrote in a research note. “This would suggest some modest downward pressure on euro-dollar.” The euro traded at $1.4377 as of 12:10 p.m. in London from $1.4499 last week. The yield spread between Greek and German bonds was at 272 basis points after reaching 282 basis points earlier. It climbed to 300 basis points in March. A further indicator that the euro may decline is the weakening correlation between the Greek-German bond spread and the Standard & Poor’s 500 Index of stocks, which traditionally have both been driven by “risk sentiment,” according to the bank.
The decline in the correlation is “significant from a foreign-exchange perspective as it arguably has much more information content for the euro than a co-movement with other measures of risk on-risk off,” Boyton wrote. “Hence, it would not be surprising to see the correlation between the euro-dollar and peripheral bond spreads pick up further should this environment persist.”Deutsche Bank forecasts the euro will fall to $1.40 by the end of this year, according to data compiled by Bloomberg.
Gold May Drop in Asia as Dollar Strength Dims Investment Demand
(Bloomberg) -- Gold, little changed in Asia, may decline for a second day as the dollar strengthened, eroding demand for the precious metal as an alternative investment. Bullion held by the SPDR Gold Trust, the biggest exchange- traded fund backed by the metal, fell for a second straight day to 1,112.84 metric tons on Jan. 15, according to the company’s Web site. The dollar rose to a one-week high against the euro on speculation Greece’s struggle to contain its budget deficit will deter investors from buying the region’s assets.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPiFZgN76D3s
For ‘Safe’ Investors, This May Be a Challenging Year
By: Jeff Sommers The New York Times
Money market funds are paying investors next to nothing.More precisely, the 100 biggest funds are now paying 0.05 percent annually, on average, a yield as low as it has ever been, according to Peter G. Crane, the president of Crane Data of Westborough, Mass. “It’s so low it’s a joke,” Mr. Crane said. “At that yield, it would take more than 1,000 years to double your money.” This microscopic rate of return is part of the continuing fallout of the financial crisis — a consequence of the very loose monetary policy of the Federal Reserve and other central banks. They have held their benchmark short-term rates at rock-bottom levels while using unorthodox methods, known as “quantitative easing,” to restore the health of the global financial system.
http://www.cnbc.com/id/34897996
Expect Dow 11,500-13,000 This Summer: Strategist
Markets are digesting mixed economic data over weakness in the jobs market, retail and government efforts to hold bailed-out bankers accountable. Will stocks prove to be resilient and go higher? Paul Schatz, president of Heritage Capital, and Andrew Kanaly, chairman of Kanaly Trust Company, weighed in. “The market’s setting up for a very routine, healthy, normal pullback of 4 to 7 percent,” Schatz told CNBC.“Maybe we have a percent or two left on the upside in the next week to 10 days.”Schatz said he expects markets to pull back up to 7 percent into late February before the rallying into the summer.“We’ll get to Dow 11,500 to 13,000,” he said. “It will be fairly broad-based—semiconductors, energy services and I like utilities—a lot of sectors are going to participate in that last rally.”
http://www.cnbc.com/id/34861924
Subscribe to:
Comments (Atom)