Rabu 1 Agustus 2012

15:10  Unilever Indonesia Target Raised To IDR25584 Vs IDR20898-HSBC


13:32  DJ Telkom Target Raised To IDR8600 From IDR7700 By Nomura
*DJ Gudang Garam Target Cut To IDR50,000 From IDR60,600 By CS
*DJ Gudang Garam Downgraded To Underperform From Neutral By CS
*DJ Bank Jabar Banten Upgraded To Outperform From Neutral By CS
*DJ Morgan Stanley Planned Bond To Be Minimum NZ$300M In Size - Term Sheet


11:09  Indonesia Jul CPI +4.56% On Year; +4.64% Expected


11:00  Gudang Garam Target Cut To IDR50,000 From IDR60,600 By CS
Last message received on 01/08 at 10:49
Credit Suisse downgrade Gudang Garam on the back of a rise in costs as evidenced in 1H12 results. Poor harvest of clove and tobacco has impacted the company’s costs this year. Raw materials accounted for 25% of total cost in 1H12 (vs 22% in 1H11).
● We believe cost pressure is likely to continue, thus we downgrade our earnings by 20% for this year and 11% for next year, and reduce our 2012 gross margin estimates to 20% from 24.4% previously.
● During 1H12, net profit declined 8% YoY (-19% HoH) to Rp2.1 tn, despite 19% rise in revenue (+7% HoH) to Rp23.6 tn. The net profit is below our estimates (36% of our initial FY12E), while revenue is in line (49% of our initial FY12E).


10:48  Gudang Garam Target Cut To IDR50,000 From IDR60,600 By CS


09:38  laba usaha emiten KIJA pada Q2 2012 terbang menjadi Rp 326,6 milyar, dari Rp 87,91 milyar pada Q2 2011. Sehingga, laba bersih periode berjalan Q2 2012 naik menjadi Rp 205,8 milyar dari Rp 51,61 milyar pada Q2 2011. EPS Q2 2012 naik menjadi Rp 10,39 dari Rp 6,27 pada Q2 2011


0212 GMT  [Dow Jones] Indonesian shares are likely to open lower, as declines in U.S. and many Asian markets inspire investors to take profits amid caution ahead of the FOMC and ECB meetings, traders say. The main index may find support at 4120 after it ended up 1.1% Tuesday at 4142.337. "There may be a healthy correction after the main index rose 3.4% in the previous four sessions," says a fund manager at a local asset management company. Bank Mandiri (BMRI.JK) and car maker Astra (ASII.JK) may lead falls on profit-taking after both gained more than 7.0% in the previous four sessions.