Monday, August 1, 2011

Gado Gado Selasa, 2 Agustus 2011

Indomobil Sukses International [ PDF ]

Here comes the new challenger - by Erwan Teguh

(IMAS IJ / IMAS.JK, OUTPERFORM - Maintained, Rp11,950 - Tgt. Rp13,400, Autos)

1H11 core earnings of Rp340bn, +75% yoy, form 40% of our FY11 estimate, relatively in line, considering at least Rp75bn-80bn of interest savings booked in Jul 11. The results should be in line with consensus as well. A stronger 2H is expected, backed by interest savings and better volume from the festive period in Jul/Aug 11 and economies of scale. We remain sanguine on Indomobil's growth appeal and healthier balance sheet after its rights issue. We upgrade FY11-13 earnings by 2-7% after factoring in a lower effective tax and income from insurance rebates and dealer incentives.

9:38 sold smdr 6400 and 6250.... modal 6000 akhir sesi..target kena saham rodeo atas....atutt juga
almi still keep..modal 1420 akhir sesi kemarin..dc on

turi on the track bo 830...

DEWA 1H NET PROFIT $2.95 MILLION VS LOSS $3.24 MILLION

BFIN INTA champion stock....

watch apln...10:09 wibb
imas target 13500..dombreatan kelas atas

Indika Energy (INDY) tengah mempercepat penuntasan pelepasan sebagian saham PTRO jauh sebelum batas waktu 28 Agustus untuk memanfaatkan momentum penguatan kembali bursa saham global. Total jumlah saham yang dilepas sekitar 25%. INDY mengakuisisi 81,95% saham PTRO dari Clough International Singapore Pte. Ltd. pada Juli 2009 seharga Rp10.402/saham. Saham PTRO saat ini bertahan di level Rp40.000/saham.


Penuntasan pelepasan kembali sebagian saham PTRO tersebut menjadi satu paket aksi korporasi yang terintegrasi dengan PTRO yang akan melakukan pemecahan nilai saham (stock split) dengan indikasi rasio 1:10 untuk mendorong likuiditas volume transaksi dan basis investor yang lebih luas.

Efek positif buat INDY
Implikasi dari aksi korporasi pelepasan saham anak perusahaan ini akan mengerek harga saham INDY. Pasalnya, dana yang diperoleh dari penjualan saham PTRO dapat dialokasikan untuk membiayai aksi akuisisi lain. Dengan P/E yang menurun pasca rilis kenaikan EPS kuartal 2-2011, indikasi P/E INDY diestimasikan pada akhir tahun 2011 berada pada kisaran 13x, di bawah P/E industri yang ada di kisaran 16,6x dan jauh di bawah batas atas P/E historikal INDY 10 tahun terakhir pada kisaran 32,01x maka dengan konsensus estimasi EPS 2011 sebesar Rp346, saham INDY diproyeksikan pada level Rp5.000. Salah satu broker saham asing J.P. Morgan Indonesia memasang price target pada Rp4.800 (disclaimer ON)

ADRO: Expect strong 2Q; Top Buy
* KimKwie's conviction on ADRO's production recovery is starting to play out…2Q production +15% QoQ, +19% YoY to 12.2mt, bringing 1H11 to 22.8mt or 48% of our FY11 of 48mt. Very strong data given our forecast is at high end of mgmt guidance 46-48mt, and typically 1H only accounts for 45% of FY.
* We estimate 2Q net profit at US$170mn (+48% QoQ, +431% YoY) on the back of higher ASP at US$73/t (+17% QoQ; +31% YoY) and manageable cost at US$39.5/t (1Q11: US$38.5/t).
Hence, we see 17% upside risk to consensus' too conservative earning est' of $145mn. Expect even better 2H volume on drier weather.
* Kim reiterates Buy TP Rp3,850 (44% upside). Post 3-quarters of earning disappointment and undeperforming the mkt by 8% YTD, now will be the time for ADRO to play
ADRO TP 3850 ( By Citigroup )

BTPN champion chart

(T) untuk mendukung jsx 5075 : mk bmri (10.350), bbri (8200), bbni (6700) - ASII (91000 - up grade -), TLKM (8600, dlm jangka pendek double bottom, target 7800). UNTR (33000 - up trend channel). ISAT (7300 - jangka pendek double bottom target 6200). BUMI (5100), ENRG (850), dsb

cpme on bfin BO

hrum bfin trading kalo mau invest 3 bulan kedepan target hrum 12000, bfin 8100. dc on

lagi mencermati hero saham ndak likuid, public paling ada 5%...gaya2nya mau 12rb....kalo test 1 lot saja...8100

buy main 1150 tarrget bo 1210 target 1270....dc on
bfin makin mantap bo nya target dekat 8100

hmsp champion chart...kurang likuid tapi per chart ganteng

INFO : BFIN baru dinobatkan oleh majalah info sebagai finance No, 1 ber aset >1T, makanya sahamnya ikutan ngacir..., hehe

14:39 german rating agency cut us rating
Mayora Indah (MYOR IJ) plans to issue new bonds worth Rp300b. The company is targeting new bond issuance of Rp300b this year or early next year, chiefly to finance its Rp950b expansion plan as well as loan repayment. They have also secured syndicated loan for the remaining funding needs.
Comment: Their capacity expansion plan seems on track, adding about 20% additional capacity each year with targeted capex of about Rp400-500b. Already, they spent around Rp200b in 1H11 to further expand their capacity and continue to deliver double-digit top-line growth. (CLSA-KZ)

trading buy ruis 365 main 1150

sebaiknya mulai lirik BUMI. datanya mantap banget

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