selasa 10 Juli 2012

13:43  TIRT kemungkinan BD keliling... be careful

13:36  BFW 7/10/2012 11:54: Indonesia Economy Positive in Terms of Inflation, Growth: IMF

By Novrida Manurung and Agus Suhana
     July 10 (Bloomberg) -- Indonesian economy stands out when looking at growth around the world and in terms of inflation, fiscal deficit, and public debt, IMF Managing Director Christine Lagarde told reporters in Jakarta after meeting President Susilo Bambang Yudhoyono today.

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To contact the reporter on this story: Novrida Manurung at +62-21-2355-3041 or nmanurung@bloomberg.net
To contact the editor responsible for this story: Berni Moestafa at +62-21-2355-3029 or bmoestafa@bloomberg.net



11:12  Bank Jatim will list on JSX this coming Thursday. Be early with your bids. Don’t be shy, or you may miss the rally.
(1)    Bank Jatim IPO priced at Rp430 on 26 June when JCI was at 3,881 and BJBR at Rp900. Since then, the JCI has moved up 3% and BJBR up 4%.
(2)    The IPO was priced based on FY12 metrics (PE and PBV), clouded by provisional fraud expenses (Rp80bn). As we move onto 2H, on FY13 metric Jatim looks uber cheap 6.4x PE, 1.0x PBV, and 8.3% dividend yld.
(3)    On those #s, Jatim will be the second cheapest bank in Asean after Bukopin, despite its profitable and secure civil servant payroll biz, strong rural presence (next to BRI only), and consumer exposure.
(4)    Last five Indo banks IPO did very well. Most recent was Bank Jabar (2010), with IPO-to-date gain of 57%. Bank Tabungan Negara (2009) IPO-to-date gain was 56%. Bank Tabungan Pensiunan Nasional (2008) gain was 645%. Bank Ekonomi (2008) gain was 48%. Bank Bukopin (2006) gain was 74%.
(5)    Do you know that Jatim’s ATM card can be used in any ATM free-of-charge? Do you know Jatim’s gross NPL has never exceeded 1% in the last 8 years. Do you know that Jatim’s cost of deposit is not too far off from BCA? The IPO will give Jatim the higher profile it deserves. And with that, hopefully we get higher valuation on Jatim over time


10:30  UNTR mengubah pola trend bearish menjadi akumulasi awal, sehingga secara teknikal UNTR akumulasi beli di level 22150, melalui indikator stochastis yg berpotensi golden cross. Kisaran perdagangan UNTR 22100 - 22700.


09:47  Tasrul Tanar: GGRM ada indikasi kuat utk bottom reversal, Buy


Market Research - First Asia Capital (PC) 10/07/2012

☆ Kemarin IHSG mengalami koreksi yang cukup dalam. IHSG terkoreksi mencapai 1,73% atau sebesar 70,152 point dan ditutup pada posisi 3985,05.
☆ Asing membukukan net sell sebesar 457,10 miliar. ASing banyak melepas saham-saham blue chip seperti BMRI, ASII  dan ADRO. Selain itu saham yang baru listing yaitu MSKY juga banyak di lepas investor asing.
☆ Kembali menanjaknya yield obligasi Spanyol  hingga mencapai 7% dan surat utan italia hingga ke posisi 6,1% meningkatkan kekhawatiran para investor akan perlambatan ekonomi dunia. Hal ini di dukung dengan data dari Jepang yaitu turunnya tingkat pemesanan mesin pada bulan Mei.
☆ Untuk hari ini IHSG masih akan bergerak mixed. Masih akan berlanjutnya aksi jual asing terhadap beberapa saham blue chip akan menekan indeks.
☆ IHSG masih akan bergerak melemah, namun koreksi indeks tidak akan sebesar kemarin. Investor dapat melakukan strategi trading dengan metode buy on weakness untuk saham-saham sektor konsumsi, infrastruktur dan properti.
☆ IHSG memiliki support di kisaran 3960-3940 sedangkan resisten IHSG berada di kisaran 4025-4060.

Saham Pilihan:
ICBP 5750-6100 Maintain Buy SL:5600
INTP 18000-19350 Spec Buy SL : 17500
RALS 950-1100 Trading Buy SL: 920
BBCA 7150-7550 Spec Buy SL : 7050
SMCB 2500-2700 Trading Buy SL:2425
MAPI 6750-7100 Maintain Buy SL:6650
JSMR 5400-5850 Spec Buy SL:5350

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