Rabu 10 Agustus 2011

14:50  REMINDER::: JP MORGAN - PGAS Perusahaan Gas Negara
Renegotiation risk likely to be priced in; upgrade to
Neutral

· Renegotiation risk likely to be priced in; upgrade to Neutral but with lower
price target of Rp3,300: Our sensitivity analysis in our August 4, 2011 report
“BPMigas seeks to raise gas sale price for PGAS”, suggests that at the current
share price of Rp3,200, the potential upward price adjustment of gas supply
from Conoco Phillips (US$1.85/MMbtu) and Pertamina (US$2.1/MMbtu) to
US$5.0-5.5/MMbtu has been priced in. Consequently, we upgrade PGAS from
UW to Neutral, but lower our DCF-based Jun-12 price target from Rp3,750 to
Rp3,300. We have not adjusted our earnings forecasts (which are relatively in
line with those of consensus), but have increased our discount


14:05  hangseng tadi sempet turun ke plus 1.9 pct skrg balik lagi plus 2.88 pct lagi


13:58   REMINDER:: Agenda 10 Agustus  Rups CMNP
12 Agustus  Rups Alakasa Industri,  ALMI  DIVIDEND, RP 70 CUM
15 Agustus  Cum dev Plaza Indonesia 2,5,  cum clpi 27,8, Rupslb CNKO, TRUB
18 Agustus  Rups INCF, Elty
19 Agustus  RUPSLB SAIP, kren, cum dev BRNA 90
22 Agustus  Cum dev Lppf 14,0,  rupslb BDMN, rups lppf,  NUSANTARA INFRASTRUCTURE RUPSLB, cum dev AKRA 200, Lap Keu BUMI
23 Agustus  Rupslb ERTX, CNTX, BRMS,  BUMI RESOURCES RUPSLB (Bumi said that it plans to seek shareholders' approval on August 23 to buy back shares I assume that the buyback shares size will reach around 3% or around 623 million shares (1.24 million lots) from the market within the usual 18-month period


13:58  BUMI RESOURCES RUPSLB (Bumi said that it plans to seek shareholders' approval on August 23 to buy back shares I assume that the buyback shares size will reach around 3% or around 623 million shares (1.24 million lots) from the market within the usual 18-month period)


13:36  JAKARTA (Dow Jones)--Bank Indonesia expects capital inflow to the country to
  remain strong, and be even stronger if the U.S. Federal Reserve authorizes a
  third round of quantitative easing, the governor of the central bank told
  reporters Wednesday.
     "Capital inflow may also come to countries that could give high return,"
  Bank Indonesia Gov. Darmin Nasution said.
     He said the central bank is preparing some anticipative steps to cope with
  the expected influx.
     On the movement of the local currency against the U.S. dollar, Nasution
  said the central bank will stay "on guard against volatility of the rupiah on
  the money market." He didn't elaborate.


12:02  DJ Bank Indonesia Governor: Capital Inflow To Remain Strong.