Update News and Rumours Rabu 1 Juni 2011

15:35
ENRG --Reignwood International Investment (Group) Company Limited telah melakukan perjanjian gadai saham dengan Siam Commercial Bank Public Company Limited, Hong Kong Branch pada 19 Mei 2011. dengan menjaminkan sahamnya yang ada di ENRG sebanyak 2.769.550.304 saham.


14:46  JAKARTA. PT Bakrie Sumatera Plantations Tbk (UNSP) akan membagikan dividen 7,47% dari laba bersih 2010 sebesar Rp 60,2 miliar.
"Nilai dividen setara Rp 4,3 per saham," ujar Presiden Direktur UNSP Ambono Januarianto, Rabu, (1/6).
Terkait hal itu, recording date akan dilakukan pada 12 Agustus 2011, sedangkan pembagian dividen pada 26 Agustus 2011.
Sekadar tambahan informasi, UNSP tahun lalu mencatatkan kenaikan laba bersih sebesar 219% dibandingkan 2010 menjadi Rp 805,6 miliar.

14:40  Dev unsp 4,3 rupiah.  26 agustus.

13:38  PT Indospring Tbk merencanakan akan membagikan deviden tunai dan interm tahun 2010 sekitar Rp 200 (dividend yield 6%)


13:32  DEWA : pendinginan berjalan dengan baik jika 110 break dengan volume  target 170

DEWA: coal sales volume for 2011 may double to around 10 million metric tons from 4.5 million tons in 2010. Sales may be at $450 vs $230 million in 2010 (Up 96%). Net profit may be at $51 million vs $590,000 at the end of 2010. TP IDR250


13:31  sales volume for the first quarter of 2011  may be at 14 million metric tons vs 16 million tons in the same period a year earlier. Average selling price is at around $83 vs $63 in the same period a year earlier. Sales at $1.16 billion vs $1.01 billion (up 15%). In the first quarter of 2011,  Bumi may accrue $35 million in gains from the cancelation of Galo Oil stake sale. Net profit for the first quarter may rise to $127 million vs $96.58 million in the first quarter of 2010. (up 31%). Bumi will announce its first-quarter earnings on June 11 under a limited audit review

CLSA-          We might still see the tail-end of the MSCI rebalancing today as changes will have become effective at the end of yesterday. But aside from that it promises to be another lackluster trading day. And with the market closed for trading tomorrow (in celebration of ascension day), many locals are likely going to take the Friday off as well to enjoy an extended weekend (yours truly as well) resulting in probably lighter volumes.

-          SMGR : upgraded to OUTPERFORM with a 10,400 target price (from underperform and a 9500 target). Revenue projections revised upwards as 5m tons of additional capacity will come on-line in 1Q12.

-          BUMI  : Althought the deadline for 1Q11 reporting was supposed to be May 31st, BUMI now looks like it will only have its accounts ready by June 11th, according to local talk


11:30  (ASRI IJ / ASRI.JK, OUTPERFORM - Maintained, Rp310 - Tgt. Rp460, Property Devt & Invt)
1Q11 core profit of Rp153bn is ahead of our estimate and consensus by 21% and 12% respectively, assuming 28% seasonality. Revenue was higher than expected, the main reason for the difference, while gross margins were in line. We raise our FY11-12 EPS estimates by 3-5% to factor in higher revenue while cutting our FY13 estimate by 8% on the back of more conservative estimates for Kemis's earnings recognition. We raise our DCF-based target price (WACC 13%) to Rp460 from Rp380 following our earnings adjustments. Alam Sutera remains our top pick, with stock catalysts expected from further margin extension and the launch of its new township. ( By CIMB - YU )

11:17  May cpi +0,12% on month, market expected +0,03.
May cpi +5,98% on year, market expected +5,90.


11:15  From DBS Inst Sales " ‎​Dear all, the rumor that spread yesterday about BUMI $165 millions Q1 earning seem inaccurate ,the figure is likely to be the operating profit, in my view.
The median consensus on Bloomberg is $ 499.05 millions FY11, my bullish view might see it to be $600 million maximum (without any positive surprise). As the sales volume trend would be 40-45% on H1 and 55-60% for H2, the earning for BUMI is likely to be $100-112.5 million, based on Blommberg estimates or $120-135 millions, based on my bullish view. So the rumors might be excessive (except there is a big bath earning that's unlikely in my view)
This is NOT a SELL call for BUMI, just to neutralized the possibilities of too high expectation by the market, that is based just on the rumor....we might better wait the earning  report release this month.

My call on BUMI is BoW 3350-3200

The F/S delay, in my view, is because the possibilities of BUMI to apply more IFRS principles on their F/S. This might give the signal that Vallar might consolidate BUMI's F/S report (by add it up to 51%) or at least take the significant operational, financing and other decisions over BUMI.

The positive catalyst is
1) Value unlock (in term of reserves value, this stock could reach at least 4500)
2) Volume acceleration
3) Dominant role and control over the coal global trade in coming years."


10:53  DOID / Delta Dunia : 1Q11 net profit of Rp165bn, equivalent to 26.1% of consensus’ FY11F (DOID, Rp1,170)
·    DOID posted 1Q11 net income of Rp165bn (+7.8%yoy) or equivalent to 26.1% of consensus’ FY11F. Historically, 1Q has the highest rainfall; therefore, lowest production numbers.
·    Overburden (OB) removal production (80% of DOID’s revenues) up by 23%yoy. At the same time, coal production fell by 2.4%yoy. As OB removal increased while coal production decreased, stripping ratio increased from 7.7x to 9.6x (+26%yoy).
·    In addition to OB increase, revenue growth yoy was also supported by longer hauling distance (+20%yoy).
·    DOID trades at PER11-12F consensus of 12.9x - 9.8x.


10:38  Happy Cuan yaa.....      ELTYnya..... :D :D :D

10:20  UNSP laba bersih naik 256.9% YoY di 1Q11

10 18  CMNP break out di 1260
disclaimer On

09:55  SMGR has to shut down its subsidiary, Semen Tonasa, due to electrical problem. This would make SMGR loss 40,000 tons output in the next ten days.

09:27  Fw: Bahana Beacon: BPS to announce May’s inflation rate today; Govt and House of Representatives urged to review foreign ownership in local banks; ADRO to acquire four coal mines.