Rabu 26 September 2012

15:10  http://m.detik.com/finance/read/2012/09/26/142237/2037740/6/bumi-plc-niat-lepas-bumi-karena-banyak-utang


14:50  S&P Downgrades PT Bumi Resources To 'B+', Puts On Watch Neg
2012-09-26 07:45:04.897 GMT

Overview
    -- Bumi PLC, a 29% shareholder, has initiated an investigation into
potential financial and other irregularities at its Indonesian operations,
especially in relation to Indonesian coal mining company Bumi Resources.
    -- We believe the investigation could weaken Bumi Resources' access to
the capital markets and test its ability to refinance its short-term debt.
    -- We are lowering our long-term corporate rating on Bumi Resources and
the issue rating on its guaranteed senior secured notes to 'B+' from 'BB-'. We
are also lowering our long-term ASEAN regional scale rating on the company to
'axBB-' from 'axBB'.



14:35  #China Shanghai index falls below 2,000 for 1st time since Jan 2009 (global crisis/recession)


13:47  Corporate Information
Jakarta, 26 September 2012

On 24 September 2012, Bumi PLC issued a press release stating “an independent investigation hasbeen commissioned by Bumi PLC to investigate certain allegations on an urgent basis, and to reportto its board.” We received no advance notice of either the investigation or the press release.

PT Bumi Resources Tbk. is a listed Indonesian company regulated by the Indonesian CapitalMarket Law. As such, we are in contact with Bapepam-LK and the Indonesia Stock Exchange inrelation to this matter and will be complying with all of our obligations under Indonesian Law.

The management of PT Bumi Resources Tbk. will be acting to resolve these matters asexpeditiously as possible, for benefit of all stakeholders, and will make further announcements asappropriate in due course.

For further information, please contact:
Dileep SrivastavaDirector – Corporate Secretary
PT Bumi Resources Tbk.
Tel (62-21) 5794 2080
Fax (62-21) 5794 2070
email dileep@bumiresources.com
www.bumiresources.com




26 September 2012  Bahana Beacon – Corporate Flash
UNTR
Recommendation & Valuation: Maintain REDUCE with IDR18,500 TP
As we expect negative sentiment on the stock to linger on poor coal price outlook and low sales performance in the coming months, we expect UNTR’s 30% ytd market underperformance to persist (exhibit 4).  We maintain our REDUCE rating with DCF-based (WACC: 13%) target price of IDR18,500, translating to 13.3% downside potential.

DISCLAIMER