Update news and rumours Jum'at 1 Juli 2011

15:37  DOID 1H NET PROFIT MAY RISE BY 40% TO IDR356 BILLION FROM IDR256 BILLION IN 1H 2010.  DOID NOW TRADES AT A P/E RATIO OF 10X 2011 EARNINGS (EPS: IDR104), COMPARED WITH ASIAN INDUSTRIAL COAL MINING AVERAGE OF 15X. FAIR VALUE OF INDUSTRIAL P/E AVERAGE IS AT IDR1,560. BEST BUY IS AT ANY LEVELS BELOW IDR1,100.


14:45
Bumi Debt Payment to Cic Not Dependent on Bonds, Director Says
2011-07-01 05:05:05.741 GMT
By Yoga Rusmana
     July 1 (Bloomberg) -- PT Bumi Resources’ plan to repay $1.9
billion of debt to China Investment Corp. isn’t dependent on the
issuance of convertible bonds by its affiliate at the end of the
third quarter, said Dileep Srivastava, a director at Indonesia’s
biggest coal producer.
     The first tranche of $600 million is payable in October and
is “independent” of the convertible bonds,’’ Srivastava said
in an e-mailed response yesterday evening. The second tranche of
another $600 million will be paid in October 2012 and the rest
in October 2013, Srivastava said. Both of these tranches will be
settled “with or without using convertible bonds,” he said.


14:14  July 1 (Bloomberg) -- PT Bumi Resources’ plan to repay $1.9 billion of debt to China Investment Corp. isn’t dependent on the issuance of convertible bonds by its affiliate at the end of the third quarter, said Dileep Srivastava, a director at Indonesia’s biggest coal producer.
     The first tranche of $600 million is payable in October and is “independent” of the convertible bonds,’’ Srivastava said in an e-mailed response yesterday evening. The second tranche of another $600 million will be paid in October 2012 and the rest in October 2013, Srivastava said. Both of these tranches will be settled “with or without using convertible bonds,” he said.


DJ Indonesia On-Year Core Inflation +4.63% In June Vs +4.64% In May
*DJ Indonesia On-Year CPI +5.54% In June Vs +5.98% In May
*DJ Indonesia On-Month CPI +0.55% In June Vs +0.12% In May