Selasa 8 Nov 2011

13%3A49+Overall%2C+Equity+Funds+posted+net+inflows+of+%244.9+billion+for+the+week%2C+with+Emerging+Market+Equity+Funds+accounting+for+over+70%25+of+that+total%2C+while+Bond+Funds+absorbed+%241.6+billion.+Investors+pulled+%2425.3+billion+out+of+Money+Market+Funds%2C+a+13+week+high%2C+which+took+year-to-date+redemptions+past+the+%24218+billion+mark+versus+%24516+billion+for+the+comparable+period+last+year%0D%0A%0D%0A%0D%0A11%3A46+%26nbsp%3BSelasa%2C+08%2F11%2F2011+11%3A42+WIB%0D%0AJepang+Kembali+Diguncang+Gempa+6%2C8+SR%0D%0AGempa+bumi+kembali+mengguncang+Jepang.+Gempa+berkekuatan+6%2C8+Skala+Richter+%28SR%29+terjadi+di+Okinawa+hari+ini.+Namun+tak+ada+peringatan+tsunami+dalam+peristiwa+ini.%0D%0A%0D%0A%0D%0A11%3A44%26nbsp%3B+ABM+Investama+akan+IPO+pada+harga+Rp.+3250+-+4650.+ABM+adalah+perusahaan+terintegrasi+mulai+dr+kontraktor+tambang%2C+power+plant%2C+logistik%2C+dan+tambang+batubara.+Kontribusi+pendapatan+terbesar+adalah+kontraktor+batubara+%2844%25%29.+ABM+termasuk+dalam+grup+Trakindo+%2834%25%29.+Sedangkan+pemegang+saham+utama+adalah+Velle+Verde.+Batubara+yg+di+produksi+adalah+dgn+kalori+5310cal+sehingga+tidak+akan+terkena+peraturan+pemerintah+yg+melarang+ekspor+low+cal+coal.+Tambang+ABM+juga+memilki+jarak+yg+dekat+dgn+laut+%2815-25+km%29.%0D%0A%0D%0A%0D%0A11%3A16+%26nbsp%3BSaham2+yg+masih+di+bawah+harga+penutupan+dec+30+2010%3A+%0D%0A%0D%0A-PTBA+penutupan+2010+tgl+30+dec%3A+22950%2C+sekarang+17700.+Turun+22.8%25+%0D%0A%0D%0A-ADRO+penutupan+2010+tgl+30+dec+%3A%0D%0A2550+sekarang+2100%0D%0A%0D%0A-ANTM+penutupan+2010+tgl+30+dec+%3A+%0D%0A2450%26nbsp%3B+skrg+1720.+%0D%0A%0D%0A-PGAS+Penutupan+2010+tgl+30+dec+%3A+%0D%0A4425+sekarng+3125+%0D%0A%0D%0A-TINS+penutupan+2010+tgl+30+dec+%3A%0D%0A2750+sekarang+1960.%0D%0A%0D%0A%0D%0A10%3A56+%26nbsp%3BDelta+Dunia+Makmur+%28DOID%29+%E2%80%93+Maintain+BuyPrice%3A+Rp620+%E2%80%93+Target+Price%3A+Rp1%2C150%0D%0A%0D%0AStrong+Operation%2C+yet+High+on+non-Opex%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+DOID+posted+a+relatively+flat+EBITDA+of+Rp1.5+tr+compared+to+9M10+and+a+net+loss+of+Rp12+bn.%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+COGS+increased+29.8%25+YoY+mainly+due+to+high+depreciation+expense+as+part+of+27%25+YoY+raise+in+capex+to+U.S.+%24+195+million.%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+Booked+net+loss+in+3Q11+mainly+due+to+forex+loss+as+an+effect+from+depreciation+of+the+Rupiah.%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+Recorded+a+penalty+expense+of+Rp156+billion+or+3%25+of+total+debt+in+the+refinancing.%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+We+believe+bottom+line+would+be+much+better+with+no+penalty+burden+and+lower+interest+expenses+in+the+future.%E2%88%99%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B%26nbsp%3B+Maintain+BUY+recommendation+with+new+Target+Price+Rp1%2C150%2C+translating+PE%E2%80%9912+17x%0D%0A%0D%0A%0D%0A10%3A53+%26nbsp%3B+BREAKING+NEWS+%3A+Bumi+Resources%E2%80%99+Director+and+Corporate+Secretary%2C+Dileep+Srivastava%2C+stated+that+the+company+decides+to+delay+its+first+tranche+debt+repayment+worth+USD600m+to+China%0D%0AInvestment+Corporation.+The+debt+epayment%2C+originally+planned+for+in+October+2011%2C+will+be+delayed+until+further+announcement+by+the+company%0D%0A%0D%0A--------------------------------------------%0D%0A%0D%0ATuesday+%2808%2F11%29+Early+BIRD+Fundamental+Prespective+%28Edwin+Sebayang-MNC+Securities%0D%0A%0D%0A%22..The+Euro+Zone%27s+Debt+Crisis+Might+be+Overcome+in+One+or+Two+Years+AT+THE+LATEST..%22+%28Juergen+Stark%2C+a+member+of+the+ECB%27s+Executive+Board%29%0D%8A%0D%0
Pupus+sudah+ekspektasi+ES+mengharapkan+barang+murah+krn+diluar+dugaan+Dow+Jones+justru+mengalami+kenaikan+sebesar+%2B85.15+poin+after+keluarnya+pernyataan+Board+Executive+Bank+Sentral+Eropa+%28ECB%29%3A+Krisis+Hutang+di+Zona+Euro+AKAN+BERAKHIR+PALING+LAMBAT+dlm+1+atau+2+tahun+kedepan%2C+diiringi+naiknya+harga+Oil+%2B1.6%25+mendekati+USD+96%2Fbarrel+serta+Gold+%2B0.32%25+dmn+sentimen+positif+diatas+berpotensi+mendorong+Bursa+Indonesia+utk+MENGUAT.+%0D%0A%0D%0AWall+Street+Bounce-Back+ditutup+mendekati+level+tertinggi+dlm+perdagangan+Senin+dmn+Dow+Naik+%2B0.71%25%26nbsp%3B+%26amp%3B+ditutup+diatas+level+psikologis+12%2C000+dipimpin+saham+Home+Depot+%2B2.61%25+%26amp%3B+Hewlett-Packard+%2B3.37%25%2C+ditengah+The+CBOE+Volatility+Index+ditutup+diatas+level+31%2C+ttp+kenaikannya+terbatas+krn+investor+terus+mencermati+perkembangan+dari+Zona+Euro%2C+khususnya+laporan+mengenai+PM+Italy+Silvio+Berlusconi+yg+dikabarkan+akan+mengundurkan+diri+sbg+desakan+Partai+Oposisi+akibat+gagal+menerapkan+kebijakan+menghindari+Italy+dari+krisis+hutang+ditengah+naiknya+yield+obligasi+Pemerintah+Italy+tenor+10+thn+mencapai+6%2C58%25%2C+tertinggi+sejak+thn+1997.+Sementara+itu%2C+PM+Yunani+Papandreou+yg+mengundurkan+diri+telah+menyepakati+persetujuan+dgn+Pihak+Oposisi+utk+menyetujui+Rencana+Bailout+International%2C+ttp+belum+scr+detail+ditengah+ultimatum+Uni+Eropa+dari+Yunani+yg+scr+serius+mengatasi+krisis.%0D%0A%0D%0ADOW+12068.39+%2B0.71%25%0D%0ANAS+2695.25+%2B0.34%25%0D%0AS%26amp%3BP+1261.11+%2B0.63%25%0D%0AOIL+95.77+%2B1.6%25%0D%0AGOLD+1796.9+%2B0.32%25%0D%0ANICKEL+18700+-1.06%25+%0D%0ATIN.22000+-0.23%25%0D%0ACPO.2971.+Unch%0D%0ATLK.34.03+%28Rp.7615%29%0D%0AIIT.28.84+%28Rp.5165%29%0D%0A%0D%0ATue+IDX+Range%3A+3748+-+3802%0D%0A%0D%0ABUY%3A+PGAS%2C+BBRI%2C+BBNI%2C+AKRA%2C+ADRO%2C+SMGR%2C+UNTR%2C+INTP%2C+GGRM%2C+AALI%2C+ASII%2C+MAPI%2C+BMRI%2C+INDF%2C+ASRI%2C+ICBP%2C+ITMG%2C+SIMP%0D%0A%0D%0ASELL%3A+GIAA%2C+BORN%2C+BLTA+%28Pls+Contact+MNC+Sec+Research+Div.+or+email+to+edwin.sebayang%40bhakti-investama.com%2FDiscl+On