15:03 Bumi Serpong Damai [ PDF ] Family affair BSDE IJ / BSDE.JK | OUTPERFORM - Maintained | Share Price Rp1260 - Tgt. Rp1500 Property Devt & Invt | - by Lydia TOISUTA --------------------------------------------------------------------------------
FY11 profit is 12% ahead of consensus while in line with our forecast. Its recently-acquired DUTI saved the day as the parent enlarged its opex. BSDE is still our top pick with catalysts expected from sustainable growth. We maintain our FY12-13 EPS but raise our DCF (WACC: 11%) target price to reflect lower costs of funds after repaying or refinancing its high-yield bond. Maintain Outperform.
11:28 SMGR will distribute cash deviden Rp 313 per share.
Jakarta - PT Semen Gresik Tbk (SMGR) will distribute dividend up 50% from 2011 net profit of Rp 313 per share or equivalent of Rp 1.394 trillion.
"Dividends are a maximum of 50% because it will be a lot of capital spending in the next five years," said Finance Director of PT Semen Gresik Tbk Ahyanizzaman.
When asked about his 2011 performance, revenues rise more than 11%. This is supported from the increase in domestic cement demand rose 17.7%. But because of limited capacity so it can not follow the growth of domestic demand for cement. While net income is rise 6% -7% in 2011. "The performance underpinned the rise in net profit in average selling prices did not increase the cost of production per ton.” (Disclaimer)
10:07 CLSA ASEAN FORUM "SSIA" Indonesia property – Sarina Lesmina We are seeing continuing interest from investors on Indonesia property companies, judging from the number of meetings scheduled for the companies that participated in the forum, namely Bumi Serpong (BSDE IJ), Surya Semesta (SSIA IJ), and Lippo Karawaci (LPKR IJ).
laba 2011 MTLA +126.74%
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