15:18 Inflasi tahunan China turun tajam pada Oktober 2011 ke level
5,5%. Ini membuat pemerintah memiliki ruang gerak lebih banyak untuk menahan
pertumbuhan produksi yang terlalu cepat.
Selain itu China juga memiliki waktu untuk mengatur strategi terhadap
ancaman penurunan ekspor dan ketatnya pengucuran kredit usaha yang menghantam
pengusaha kecil.
Badan Pusat Statistik China dalam websitenya menyatakan, inflasi turun
dari 6,1% pada September setelah mencapai puncaknya pada Juli 2011 yang
mencapai 6,5%
15:01 Bumi repaid the first tranche of $600 million febt to China Investment Corp after it secured $734 million in syndicated bank loans arranged by Barclays. Bumi originally has to pay the first ranche in October 2013. Th syndicated loans carry Libor plus 6%, which is cheaper than 19% (plus IRR) that Bumi got from CIC in 2009. On book, after the repayment, Bumi will gain an annualised $71 million from the early repayment. This, however, when the new loans are accrued, Bumi's leverage will remain high albeit lower costs. The only atrtractive stuff from the company is its promising coal output which could be increasing to 100 million metric tons by 2014. Bumi looks attractive for three-year investment
14:56 asing net buy 616 M
14:30 asing net buy 531 M
14:02 "BRMS Go PRIVATE". BRMS akan melakukan go private pd akhir tahun ini. Go private ini di perkirakan untk mempermudah bakrie dlm menjalankan proses penggabungan dng bumi plc. Langkah ini positive. Karena saham di market jg tdk ada yg memiliki. Harga go private kisaran 750-830. Brms pd hari ini menguat 580 dng transaksi yg cukup aktif. Disclaimer on
10:26 PGAS fr DBS Vickers:: Perusahaan Gas Negara : Buy; Rp3,125;
Price Target : Rp4,150; PGAS IJ
PGAS agrees to new Maleo gas price
PGAS and Santos signed an agreement yesterday to revise the gas price in Maleo block, East Java , operated by Santos Pty. The new price would be US$5/mmbtu, increase from the original price of c.US$2/mmbtu. The press reported that the gas volume under the new contract is limited to 110mmbtu, which is minimal against PGAS’ total gas volume of 780mmscfd.
We understand that PGAS plans to pass on the increase in gas cost to users by end 2011, with a similar gas cost increase. In the event that PGAS is unable to pass on the increase in gas cost, we estimate that the increase gas cost from the Santos contract would erode PGAS’ FY12F net profit by c.8%. We reiterate our Buy call for PGAS with DCF-derived target price of Rp4,150.
PTBA fr DBS Vickers::: Bukit Asam: Buy; Rp18,050;
Price Target : Rp19,000; PTBA IJ
To pay Rp103.46/share interim dividend
PTBA has agreed to pay Rp103.46/share interim dividend, yielding 0.6%. This translates into payout ratio of 10% for 9M11 with total dividend of Rp238bn to be paid on 15 December 2011. It was also reported that cum dividend date will be on 28 November 2011, while ex-dividend date and record date will be 29 November 2011 and 1 December 2011, respectively.
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ASRI- We maintain our BUY call and raise our TP from Rp530 to Rp600 as we revise up our EPS for 2011 and 2012 by 8% and 22%, respectively.
The EPS upgrade is driven by:
- strong pre-sales performance
- better gross margin
- higher launch price for Pasar Kemis
Our TP is derived by applying lower discount of 25% to Serpong project and 30% discount for Pasar Kemis and other projects, without incorporating its up-coming capital-raising proposals: the issuance of bonds and non-preemptive rights
At current price, ASRI is trading at 47% discount to its NAV of Rp843/share
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Market Research - First Asia Capital (PC) | 09/11/2011
☆ IHSG berhasil naik 27 poin pada perdagangan kemarin ditutup di 3805,648. Penguatan indeks kemarin dipicu aksi beli selektif pelaku pasar pada sesi terakhir perdagangan, terutama saham sektor energi. Namun nilai transaksi masih tipis hanya Rp.2 T.
☆ Ini mengindikasikan pelaku pasar masih banyak yang berhati-hati dalam menentukan posisi tradingnya. Faktor eksternal yang masih penuh dengan ketidakpastian terkait penyelesaian krisis utang Yunani dan ancaman krisis di Italia membuat persepsi pelaku pasar atas resiko masih tinggi.
☆ Penguatan saham sektor energi kemarin didorong harga minyak mentah di pasar internasional yang kembali naik hingga di atas USD96/barrel menyusul munculnya ketegangan geopolitik di Iran.
☆ Sementara itu perkembangan pasar saham global tadi malam relatif kembali membaik. Ini merespon data ekspor Jerman September lalu yang naik 0,9% dibandingkan Agustus. Investor juga menyikapi positif merespon keinginan Berlusconi yang akan mundur dari posisi PM Italia pasca voting parlemen Italia yang menyetujui anggaran baru negara tersebut.
☆ Sementara dari faktor domestik, sejumlah rencana aksi korporasi emiten seperti buyback saham dan pembagian dividen interim berpeluang mendorong aksi beli lanjutan. IHSG diperkirakan berpeluang kembali melanjutkan penguatannya.
IHSG S 3759 R 3875
Pilihan saham :
ADRO 2050-2150 Trading Buy
INDF 4900-5250 Buy on Weakness
UNSP 285-300 Buy
SMCB 1910-1960 Buy
ENRG 157-166 Trading Buy
KRAS 860-960 Buy break 890
BHIT 235-275 Spec Buy
BORN 820-920 Trading Buy
BUMI 2275-2475 Trading Buy
First Asia Research
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