disclaimer On.
13:37 Dax fut minus 0.3 saja
11:27 Asing nett sell 173 bio
11:25 RUMORS: SANTOS TO RESUME GAS SUPPLY TO PGAS BY NOVEMBER 2011
11:20 BPMigas Asks Perusahaan Gas Negara to Buy Gas at Higher Price
2011-09-06 04:00:52.547 GMT
By Yoga Rusmana
Sept. 6 (Bloomberg) -- Indonesia’s oil and gas regulator,
BPMigas, said it has asked state-owned gas distributor PT
Perusahaan Gas Negara to purchase the fuel from domestic
producers at a higher price of more than $3 per million British
thermal units.
Gas Negara currently buys some of its gas at $1.6 to $1.8
per million British thermal units, R. Priyono, chairman at
BPMigas, said in Jakarta today. BPMigas expects the new prices
to come into effect in next year’s contracts, Priyono said.
Link to Company News:{PGAS IJ <Equity> CN <GO>}
11:07 BNBR, ASIAN FIBERS (POLY) AND 7 OTHER COMPANIES TO COMPLETE QUASI REORGANIZATION BY DECEMBER
10:48 SPECIAL MENTION:
ADMG: 650-890. 2011 Full Year net profit may rise to IDR500 billion (EPS: IDR133) due to higher sales which could increase by 56% to IDR5.6 trillion from IDR3.6 trillion a year earlier. ADMG will benefit from the stronger rupiah which could reduce significantly its cost of imported raw material. It is now trading at a p/e ratio of ONLY 5.2X 2011 earnings, far below its Asian peers of 16X. At a simple DCF valuation, ADMG's fair value is at IDR2,128. It's buy at any levels.
10:20 Given the uncertainties involved with the proposed price renegotiation, we provide a short summary on other scenarios that are likely to occur.
1. PGAS will renegotiate the purchase price (input cost) and its cost of gas increase to USD5.5/mmbtu from current average of USD2.9/mmbtu and the company is able to fully pass on all the cost increase. This scenario will result in DCF-based fair value of IDR3,890/share.
2. PGAS will accept higher gas price, but can only pass on a USD1.3/mmbtu (50% of cost increase) to customers. This scenario will result in DCF-based fair value of IDR2,735/share.
3. PGAS is only successful in passing 25% on the cost increase (USD0.65/mmbtu) to customers. This worst-case scenario will result in fair value of IDR1,530/share.
10:10 MDLN NOW TRADES AT A P/E RATIO OF ONLY 7.1X 2011 EARNINGS VS PROPERTY INDUSTRIAL AVERAGE OF 14X; PBV RATIO OF ONLY 0.8X VS 1.8X INDUSTRY; IT IS NOW TRADING AT A 38% DISCOUNT TO ITA FAIR VALUE OF IDR500.
10:08 Please note that current Bloomberg consensus’ average target price for PGAS is IDR4,334/share with 19 analyst recommending Buy, 4 neutral and 2 sell
09:23 LOTS Trading Club™ | www.lots.co.id
Lautandhana Securindo | YJ
Investor Reference 6 Sep 2011
Foreigners berbalik arah dari posisi net buy lebih dari Rp300bn menjadi hanya net buy Rp59bn kemarin. Sejatinya kenaikan indeks kemarin memang sekedar untuk menyesuaikan poin yang tertinggal saat kita libur. Kini investor harus kembali menghadapi fakta di market yang masih dibayangi kekhawatiran terulangnya resesi ekonomi global. Dan apa yang tidak ada di krisis 2008 adalah faktor politik yang oleh ekonom kini dimasukkan sebagai penentu resesi tidaknya ekonomi dunia. Perbedaan pendapat di kalangan pemimpin Eropa mengenai bagaimana menyelamatkan euro dan perseteruan Republic-Democrat di Amerika adalah ganjalan terbesar di market saat ini. JPMorgan, Citicorp, UBS dan SocGen adalah bank yang menurunkan
estimasi economic growth karena faktor politik. Dan S&P, yang men-downgrade rating utang Amerika juga gara-gara faktor politik.
Kita tidak membeli saham hanya untuk melihatnya turun kembali. Tidak seperti itu. Oleh karenanya Trading Buy bukan strategi yang bagus untuk saat ini. UNSP misalnya, kemarin sempat bergairah karena dikabarkan bakal menerima 'tax allowance', kembali meredup di akhir sesi. Tunggu untuk Buy On Weakness di harga lebih rendah karena market tampaknya belum akan bergerak satu arah (turun terus menerus), melainkan masih 'back n forth' (maju mundur). ASRI yang menaikkan target penjualan, ITMG yang berencana membagi dividen interim, UNSP yang bakal menerima tax allowance, JSMR yang akan menaikkan tarif tol adalah empat saham yang layak diperhatikan sebagai sasaran Buy On Weakness.
09:14 "Update: Tarif tol akan naik mulai tgl 28 sept 11 sekitar 8% - 12%."
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ITMG membagikan dividen interim untuk tahun buku 2011 sebesar Rp 1,3 triliun atau setara
dengan Rp 1.168 persaham. Dividen tersebut sekitar 75% dari total laba bersih 1H11 Rp 1.7
triliun. Adapun jadwal pembagian dividen adalah sebagai berikut
Komentar: Kosensus harga wajar ITMG saat ini berada di level Rp56,300/sh
Amount Rp1,168
Cum Deviden di Pasar Reguler dan Negosiasi 28-Sep-11
Ex Deviden di Pasar Reguler dan Negosiasi 29-Sep-11
Tanggal pembayaran 14-Oct-11
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Stocks, Italian Bonds Drop on Europe Debt Concern; Dollar Rises
Sept. 5 (Bloomberg) -- Stocks fell, Italian bonds dropped for an 11th day and the cost of government and bank default insurance rose to records on concern Europe’s debt crisis will worsen. The euro weakened, while the dollar and gold gained.
The MSCI All-Country World Index sank 2% at 4:31 p.m. in New York. Banks led the Stoxx Europe 600 Index down 4.1% in the biggest two-day slump since March 2009. Italy’s 10-year bond yield rose 27 basis points in the longest sequence of gains since the euro’s debut in 1999. The German bund yield fell to a record low of 1.84%. Rates on two-year Greek debt exceeded 50% for the first time. Gold futures jumped 1.4%.Standard & Poor’s 500 Index futures lost 2.3% at 6:24 p.m.
German Chancellor Angela Merkel’s party lost weekend elections in her home state, stoking concern opposition is growing to bailouts for debt-saddled European nations. The U.S. filed 17 lawsuits against banks on Sept. 2 to recover $196 billion spent on mortgage-backed securities bought by Fannie Mae and Freddie Mac. Citigroup Inc. cut its 2011 global economic growth forecast today to 3.1% from 3.7%. U.S. markets are closed today for the Labor Day holiday.
The euro weakened for the fifth day versus the dollar, the longest streak since January. It depreciated as much as 1 percent to $1.4061, the weakest level since Aug. 5. The Swiss franc strengthened 1.1% versus the euro and 0.3% against the dollar, while the yen appreciated against 13 of its 16 major counterparts.
The MSCI Emerging Markets Index dropped 3.2%, the most since Aug. 8. Brazil’s Bovespa retreated 2.7%. South Korea’s Kospi Index retreated 4.4%. The Shanghai Composite Index slid 2 percent after a measure of Chinese services dropped to a record low.
Gold futures climbed 1.4% to $1,902.90 an ounce. Crude oil fell 3.3% to $83.60 a barrel and copper futures declined 1.5%.
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Tuesday (6/9) Early BIRD Fundamental Prespective (Edwin Sebayang-MNC Securites)
Ditengah absent-nya perdagangan di Wall Street Senin krn Labor Day, Bursa Indonesia diperkirakan dpt terkena aksi profit taking setelah Bursa saham utama Eropa berjatuhan rata-rata -4.5% akibat lemahnya data tingkat pekerjaan AS shg kekuatiran Amerika sdg menuju kearah resesi semakin besar membuat The Fed kemungkinan besar akan mengeluarkan kebijakan QE 3 serta kekuatiran baru mengenai Krisis Hutang di Zona Euro kembali muncul.
Kejatuhan tajam Bursa Eropa jg disebabkan ada kemungkinan besar hari Rabu (7/9) Departemen Kehakiman (Kejaksaan) Jerman akan mengeluarkan suatu regulasi yg akan membatasi kebebasan Pemerintah Jerman utk ikut serta membantu negara2 Eropa lain yg sedang terkena krisis, spt: Yunani, dlm program Bailout Bersama.
Kekhawatiran lain adlh Pertanyaan mengenai kekuatan Modal Bank2 Eropa serta Peringatan IMF bahwa bank-bank di Eropa perlu melakukan REKAPITALISASI setelah berkurangnya ketersediaan dana Lender di Money Market sekitar Euro 200 miliar (USD 284 miliar) yg akan memaksa keterbatasan dana pinjaman di Money Market & akibat krisis Zona Euro yg berkepanjangan juga akan memukul revenue & Net Profit Perbankan Eropa kedepannya.
Dilain pihak, harga emas naik tajam +1.4% dan berada diatas USD1902/troy ounce akibat perkiraan akan dikeluarkannya program Quantitative Easing Jilid 3 dan bukan mustahil harga emas bisa mencapai USD2000/troy ounce diakhir thn 2011.
FTSE 5102.58 -3.58%
DAX 5246.18 -5.28%
CAC 40 2999.54 -4.73%
OIL 83.60 -3.30%
GOLD 1902.8 +1.38%
NICKEL 20890. -1.28%
TIN 23950. -1.24%
CPO 3000. -1.38%
TLK.33.94 (7245 )
IIT.31.42 (5365 )
Tue (6/9) IDX Range: 3803-3905
BOW: ASII, UNTR, INTP, AKRA, SMGR, JSMR, BBRI, BMRI, ADRO, ITMG, BBNI, MAPI, BSDE, ASRI (ES-MNC Sec/Disclaimer On)
"...Fasten Your Seatbelt, We're Entering Turbulance Area.."
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