Kamis 12 Juli 2012

14:48   By Linda Silaen 
     JAKARTA--The World Bank on Thursday revised down its 2013 Indonesia growth
  forecast to 6.4% from 6.5% a month ago, but said a severe global downturn
  could send growth tumbling even further to 4%.
     Stefan Koeberle, the Indonesia country director for the World Bank, said
  that "while Indonesia still enjoys robust growth compared to other emerging
  economies--thanks to the strength of domestic consumption and investment--it
  will not be spared the impact of a global downturn, especially if global
  commodity prices and demand from economies such as China were to be adversely
  affected."
     Shubham Chaudhuri, Indonesia lead economist of the World Bank, also
  reiterated the bank's estimate for Indonesian growth this year of 6.0%.

  Both were speaking at a joint press conference with the Indonesian
  Investment Board, known as BKPM.
     In its June global outlook summary the World Bank estimated that Indonesia
  would grow 6.5% in 2013, lower than the 6.8%-7.2% expansion suggested by the
  Indonesian finance minister in May.
     On Friday the International Monetary Fund said Indonesia would likely post
  6.1% growth this year, slightly lower than a previous forecast of 6.3%, and
  easing from a 6.5% expansion last year due to risks from the euro zone and
  China.
     Indonesia's economy grew 6.5% last year--its fastest since the 1997-1998
  Asian crisis--with its vast domestic market helping shield it from the
  economic turmoil battering its more export-oriented neighbors. 
     Write to Linda Silaen  at
linda.silaen@dowjones.com

14:30  BI rate tetap 5.75 pct


12:10  Bank terbesar kedua di dunia HSBC berpotensi untuk membayar denda yang besar

sekali hingga sekitar USD 1 miliar (Rp 9,4 triliun) atas tuduhan kegagalan kontrol

keamanan akan transaksi keuangan untuk kegiatan terorisme dan kriminal lain.

Dalam berita yang dilansir dari Financial Times, HSBC berencana untuk meminta

maaf kepada Senat Amerika Serikat berkaitan dengan hal itu



10:48 VERY GOOD NEWS on BMTR BOND ISSUANCE: FULLY SUBSCRIBED IDR 1.25 TRILLION

Recap terakhir menunjukkan penjualan Obligasi Global Mediacom I Tahun 2012 Fully Subscribed alias sukses menjual seluruh jumlah yg ditawarkan sebesar Rp 1.25 triliun, dimotori pembelian para Institutional Investors.

Adapun Struktur Obligasi Global Mediacom I Tahun 2012 sbb:

Jumlah Emisi: Rp 1,25 triliun

Peringkat: Id A+ (Single A Plus)

Jangka Waktu & Tingkat Kupon:
Seri A: 3 Tahun: 9.75%
Seri B: 5 Tahun: 10.5%

Jaminan: Saham MNCN dengan jaminan 125% dari jumlah pokok obligasi dengan mekanisme top-up & top down




Perbandingan BJBR dan BJTM:
1.PER BJBR 8,56 price 950 BJTM 7,41 price 430
2.BV BJBR 522 BJTM 221
3.NPM BJBR 16,16% BJTM 29,25%
4.LK FY 2011 BJBR Rev: 6,21Tn NI: 962Mn BJTM Rev 2,94Tn NI:860Mn

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REMINDER:

ROTI fr OSK:
Nippon Indosari (ROTI): Produsen Sari Roti ini adalah produsen mass-bread terbesar di Indosia dengan market share di Indonesia mencapai 90%.
Secara distribusi, ROTI mempunyai jaringan kuat, dengan pabrik-pabrik mereka yang terletak di Jakarta, Surabaya, Semarang, dan Medan.

Perusahaan juga menargetkan dua pabrik baru yang berlokasi di Palembang dan Makassar mulai beroperasi pada semester II 2012, menurut direksi perseroan.

Dengan beroperasinya kedua pabrik tersebut, Nippon Indosari menargetkan kapasitas produksi roti pada akhir tahun ini mencapai 2,6 juta pieces per hari, meningkat 44% dibanding kapasitas pada 2011 sebanyak 1,8 juta pieces per hari.

Buy on Weekness untuk ROTI dengan TP di Rp4,350.

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REMINDER BISI:

***SPECIAL MENTION: BISI: 900-1,200. First half net profit could rise by 96% to IDR138 billion from 70.49 billion a year earlier due to higher revenue and cost of efficiency.

It now trades at a p/e ratio of 9.8 X 2012 EPS of IDR95 vs Asian rivals of 15X. Fair value is at 15 X IDR95 which is equal with IDR1,425.

It is a buy at any levels or on any weaknesses.

***

Fr Kim Eng/ZP
BISI: Upgrade to BUY, raising TP to IDR1,030.

We upgrade our recommendation to BUY (from HOLD) with TP of IDR1,030 from IDR960, as we revise our assumptions on sales and gross margins of hybrid corn and vegetable seeds. Good weather will encourage crop cultivation activities, and new versions of both seed products should raise sales.

Our TP pegs the stock at 12.8x FY12 PER. Key risks to our thesis are the weather outlook, and if corn prices fall to IDR1,200/kg (the lowest level since 2009), farmers will switch to another crop.

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STOCK WATCH ON  " BUMI "

Beredar berita mengenai Putera Sampoerna akan melakukan joint account untk membeli saham bumi dari market.

Ini dpt menjadi catalyst saham bumi .selain itu harga Bumi plc di london naik 3.4%.

Sebelumnya mitsubishi jg telah melakukan hal yg sama dng bumi.