15:14 European shares fell early on Friday, extending the previous session's steep decline, on worries that major economies could be headed into recession, and that policymakers have no solutions for the euro zone debt crisis.
The FTSEurofirst 300 index [ .FTEU3 896.60 -28.59 (-3.09%) ] index of top European shares was down 1.3 percent at 913.47 points, after falling 4.8 percent on Thursday, its biggest one-day decline since March 2009, after a raft of gloomy U.S. economic data on concerns over short-term funding stress on European banks.
"The market is discounting a recession, but I would say they're wrong," said Lothar Mentel, chief investment officer at Octopus Investments, which manages $4 billion.
"Some stocks have been driven down to ridiculous levels. There has been a panic about Euro
14:39 Worries about the European banking system shook stock markets across the continent, and then across the Atlantic Thursday. The selling was compounded by weak U.S. economic reports and signs that the U.S. tech industry is feeling the pinch of a slowing world economy. "The tech stocks have heavy exposure to Europe. That's a big chunk of their earnings," said Art Cashin, head of floor operations at UBS. A number of tech companies this week lowered forward guidance, including Hewlett-Packard HP which cut its full year revenue forecast to $127.2 billion to $127.6 billion, form $129 billion to $130 billion, when it reported earnings Thursday afternoon. HP also said Thursday that it may spin off its personal computer division, and that it was ending its tablets and smart phone business. The company also said it is in talks to buy U.K. software company Autonomy for $10 billion. Cashin said the industry is in a transitional phase as the challenge from the iPad and other mobile devices shakes the PC industry. Earlier this week, Google GOOG said it was buying Motorola Mobility MMI for $12.5 billion. "The world of tech a year from now will be very different," he said.
11:19 HRUM: PBV RATIO: 8.5X VS BUMI: 4.8X; ADRO 3.8X; ITMG: 6.5X; ON P/E RATIO: HRUM: 16.2X; BUMI: 12.3X; ADRO: 14.3X; ITMG: 13.2X
10:31 ENRG STRONG BUY ON NEW TALKS OF MASELA STAKE PURCHASE; TP 260
09:20 BUMI- 1H11 net profit rose 8.8% yoy to $274.4mn. Higher average selling price was able to offset the decline in sales volume - the profit number is 57% of FY11 consensus of $477.6mn
BRMS- reported 1H11 net profit of Rp343.8bn (+96.8% yoy), driven by higher selling prices & lower interest/financing charges - the bottom line figure is 41% of FY11 consensus of Rp841bn
BNBR- posted 1H11 net profit of. Rp81.7bn vs a net loss of Rp302.8bn in 1H10
UNSP- expects to complete its $210m debt refinancing by September. The company's said it has got commitment from a "club-deal" with total facilities up to $250mn, 5 years, with interest of 8%-10%/year.
BTEL- Bakrie Group has acquired PT Rekajasa Akses which holds a license for 4G technology in Indonesia. The deal is worth $12.5mn
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Personal view on JCI today 08/19/11 (Akhmad Nurcahyadi)
Kekhawatiran terulangnya krisis liquiditas, didukung oleh kinerja data makro yang mengecewakan dari jobless claims yang naik, consumer price yang menguat dan existing home sales yang turun sebesar 3.5% telah memicu penurunan tajam ketiga bursa acuan dunia : Dow (-3.68%) S&P500 (-4.46%) Nasdaq (5.22%). Pesimisme pertumbuhan ekonomi dunia oleh Morgan Stanley dan diturunkannya proyeksi penjualan US Auto Sales (FY11F&FY12F) juga telah mendorong VIX Index melonjak tajam 35.12% dan menyebabkan harga emas naik 1.91%. Index di wilayah Eropa merefleksikan kondisi tersebut dan terkoreksi signifikan : FTSE100 (-4.49%) CAC40 (-5.48%) DAX (-5.82%). Harga minyak dunia melemah 7.09% dan demikian pula dengan bursa acuan di wilayah Asia Pasifik : HSI (-1.34%) NKY (-1.25%) SHCOMP (-1.61%).
Hari ini bursa JCI berpotensi mengakumulasikan pelemahan indeks regional dan global tersebut seiring dengan akselerasi kenaikan yang telah terjadi. JCI potensi bergerak pada rentang 3.937- 3.972. Akhmad Nurcahyadi
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Friday (19/8) Early BIRD Fundamental Prespective (Edwin Sebayang-MNC Securites)
ES melihat Bursa Indonesia secara psikologis (Bukan Fundamental) akan turun mengikuti kejatuhan Dow Jones -3.7% (-420 poin), yg tercermin dari tajamnya kenaikan Indeks Ketakutan Konsumen, The CBOE Volatility Index, naik tajam 40% ke level 44, akibat ketakutan akan krisis perbankan Eropa menyusul buruknya data ekonomi yg direlease ttp dilain pihak mendorong penurunan Yield Treasury jk waktu 10 tahun dibawah level psikologis 2%suatu level terendah sejak Masa Eisenhower & mendorong naik harga emas kelevel tertinggi baru.
Data Aktivitas Pabrik bln Agustus di daerah Mid-Atlantic turun tajam -30.7, level terendah sejak Maret 2009 dmn konsensus ekonom adlh +3.7 ditengah data CPI Juli yg naik 0.5% sementara core inflation naik 0.2%.
Data Penjualan Rumah yg ada turun 3.5% bulan lalu mencapai level adjustment seasonal sebesar 4.67 juta unit, jauh dibawah konsensus ekonom 6 juta Unit setelah sebelumnya juga dikejutkan data yg mengecewakan dari naiknya Data Klaim Pengangguran Mingguan sebesar 9000 mjd sebesar 408,000, tertinggi selama 4 minggu terakhir.
Morgan Stanley memperingatkan ekonomi global "berbahaya mendekati Resesi" dan merevisi proyeksi pertumbuhan ekonomi global. Tahun 2011 turun mjd 3.9% dr sebelumnya 4.2% & proyeksi tahun 2012 menjadi 3.8% dari sebelumnya 4.5%.
Bursa Wall Street jg dlm tekanan menyusul berita bahwa otoritas Moneter AS meningkatkan pemeriksaan atas anak usaha Bank Amerika yg berbasis di Eropa, menurut Wall Street Journal.
Dilain pihak harga emas naik tajam diatas USD 1826/ounce, mencapai level tertinggi baru seiring pemburukan data ekonomi.
DOW 10990.58 -3.68%
NAS 2380.42 -5.22%
S&P 1140.65 -4.46%
OIL 81.75 -6.65%
GOLD 1826.7 +1.83%
NICKEL 21300. -2.96%
TIN 22750. -5.23%
CPO.3068. -0.16 %
TLK.34.52 (7360 )
IIT.33.03 (5635 )
Fri IDX Range: 3909-4043
BOW: ASII,AKRA,PGAS, BMRI,BBRI,UNTR,GGRM, JSMR,ITMG,BBNI,INTP, ADRO,INDY,KLBF,MAPI (ES-MNC Sec/Discl On)
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