Update news and rumours Senin 20 Juni 2011

19:12  Remainder On Tap This Week: MONDAY: No major economic news expected TUESDAY

: Existing home sales, FOMC meeting begins; Earnings from Walgreens, Barnes & Noble, Adobe WEDNESDAY: Weekly mortgage apps, oil inventories, FOMC meeting announcement; Earnings from FedEx, Bed Bath & Beyond THURSDAY: Weekly jobless claims, new home sales, money supply, Yahoo shareholders meeting; Earnings from ConAgra, Discover Financial, Oracle FRIDAY: Durable goods, GDP, corporate profits

 


16:13   London - Bursa-bursa Eropa dibuka langsung merosot. Bursa Italia tercatat merosot lebih dari 2% menyusul keluarnya peringatan Moody's soal kemungkinan penurunan peringkat, sementara bursa Prancis malah mengalami gangguan teknis. Mengawali perdagangan Senin (20/6/2011), bursa London dan Jerman langsung merosot, dengan indeks FTSE 100 turun 0,87% ke level 5.665,24, DAX Frankfurt turun 1,20% ke level 7.087,59. Sementara pembukaan perdagangan di Bursa Paris tertunda karena adanya masalah teknis. Bursa Milan, Italia mengalami penutunan lebih besar hingga 2% lebih. Saham-saham perbankan rontok setelah Moody' menyatakan kemungkinan akan memangkas peringkat utang Italia. Saham Intesa San Paolo merosot 2,42%, UniCredit turun 2,36%. 

14:06  REMAINDER The Greek crisis is set to dominate an EU summit in Brussels on June 23-24

11:17  BUMI BREAKS OUT SHORT TERM VOLUME OF 3000-3050; LOOKS READY FOR A REBOUND IF VOLUMES IN 3025 BREAKS 67K LOTS


11:04  LUXEMBOURG/ATHENS (Reuters) - Euro zone finance ministers postponed a final decision on extending 12 billion euros ($17 billion) in emergency loans to Greece, saying Athens would first have to introduce harsh austerity measures.

The ministers said they expected the money, the next tranche in a 110 billion euro bailout of Greece by the European Union and the International Monetary Fund, to be paid by mid-July. Greece has said it needs the loans by then to avoid defaulting on its debt


 10:36  CS : We reiterate Buy INDY on valuation and PTRO re-floating in 3Q. The 1Q11 Coal Earnings from Kideco is in-line. Disappointments are from other subsidiaries (98.5%-owned PTRO and fully-owned Tripatra ) and not consolidated yet 51%-owned MBSS. CS is forecasting average Thermal Coal benchmark prices of US$125/t 2011F (slightly above weekly NEWC spot FOB US$118.4/t as of May 27th), US$130/t 2012F, US$120/t 2013F, US$100/t 2014F and US$90/t Long-Term. INDY remains cheapest amongst SEA Coal and China Coal stocks! At Rp4,150- INDY is trading on 10.5x 2011F PER on +167% EPS Growth and implied 30% Upside to SoTP Rp5,400, we reiterate BUY INDY on valuation, integrated Coal and energy-services earnings, good operations and value-unlocking from 3Q refloating of 98.5%-owned subsidiary Petrosea (PTRO).


10:36  Deutsche Bank menaikan TP baru ASII menjadi Rp.80.500 dan tetap call BUY ASII.

Gold is up 0.8% at $1,538 per troy ounce