Blog ini berisi informasi bagi Anda yang ingin berinvestasi di saham dan bukan 'sekadar' main saham.
Seluruh informasi blog ini dimaksudkan bukan untuk mempengaruhi keputusan investasi Anda dan tidak bertanggung jawab atas kerugian yang ditimbulkannya.
Selain Sandiaga S Uno yang melepas 27,5 juta saham Adaro Energy, pemegang saham lainnya, yakni Garibaldi Thohir juga turut menjual 97,5 juta saham. Aksi jual dilakukan pada 23 Desember 2010.
Garibaldi menjual 97,5 juta saham ADRO yang dimilikinya pada harga Rp 2.475. Dengan demikian, Garibaldi mengantungi pendapatan Rp 241,312 miliar.
Berdasarkan data yahoofinance, total transaksi saham ADRO pada tanggal 23 Desember adalah sebanyak 14.708.500.
Salah satu pemegang saham Adaro Energy (ADRO), yakni Sandiaga S Uno menjual 27,5 juta saham ADRO yang dimilikinya. Penjualan dilakukan pada harga Rp 3.000/saham pada 20 Desember 2010.
Demikian penjelasan Wakil Presiden Direktur ADRO CHristian Ariano Rachmat di Jakarta, Kamis 30 Desember 2010.
Berdasarkan data yahoofinance, harga saham ADRO mencapai level tertingginya pada Rp 2.650. Sedangkan total transaksi pada 20 Desember 2010 mencapai 30.452.000 saham.
Dengan penjualan saham tersebut, Sandiaga mengantungi pendapatan sebesar Rp 82,5 miliar.
PT Adhi Karya Tbk (ADHI) hingga pengujung tahun ini berhasil membukukan kontrak proyek-proyek baru senilai Rp 8,1 triliun. Beberapa proyek besar yang digarap oleh ADHI adalah proyek EPC PLTU Balikpapan 2X100 MW senilai total Rp 2,3 triliun dan PLTU 2X7 MW Tanjung Selor Kalimantan Timur Rp 268 miliar. Menurut manajemen, perolehan proyek EPC baru tersebut diharapkan dapat meningkatkan pendapatan pada tahun-tahun berikutnya. Proyek besar lainnya adalah proyek building di antaranya proyek Pusat Pendidikan, Pelatihan & Sekolah Olahraga Nasional di Hambalang Sentul Jawa Barat senilai Rp 1 triliun dan proyek-proyek building lainnya kurang lebih sebesar Rp 0,9 triliun.
ADHI juga mendapat proyek infrastruktur yakni proyek Dermaga Teluk Lamong senilai Rp 401 milair, pembangunan Apron Terminal 3 Bandara Soekarno Hatta Rp 156 miliar, pembangunan jalan layang Kp Melayu-Tanah Abang Rp 214 miliar, free way Balikpapan Samarinda Rp 198 miliar, dan proyek-proyek infrastruktur lainnya senilai kurang lebih Rp 2,7 triliun. Manajemen ADHI berpendapat, perolehan berbagai kontrak proyek prestisius itu membuktikan tekad perseroan untuk menjadi The Great Infrastructure Enterprise. ADHI sanagt optimistis terhadap prospek 2011, dengan adanya rencana pemerintah menaikkan anggaran pembangunan infrastruktur yang semakin besar.
Manajemen juga berencana membentuk anak perusahaan baru untuk menangani bisnis Asphalt Mixing Plant/AMP. Dengan demikian, manajemen ADHI optimistis akan ada perolehan kenaikan proyek baru 20% lebih besar dari tahun 2010.
PT Surya Citra Televisi (SCMA) mengakuisisi saham PT Bangka Tele Vision dari pemilik lama yakni PT Kuda Persada Sakti dan PT Indonesia Network Information. Nilai akuisisi adalah Rp 425 juta dengan kepemilikan setara 85% saham.
Demikian penjelasan Sekretaris Perusahaan SCMA Hardijanto Santoso di Jakarta, Kamis 30 Desember 2010.
Indonesia's largest coal miner, Adaro Energy , has earmarked $603-628 million on capital expenditure next year, compared with $300-350 million this year, deputy corporate secretary Devindra Ratzarwin said on Thursday.
The firm restated earlier estimates of producing between 46-48 million tonnes of coal in 2011 from 42 million tonnes this year. Source: Reuters
PT Bank Mandiri , Indonesia's largest bank by assets, estimates 2011 loan growth at about 23 percent, president director Zulkifli Zaini said on Thursday. Source: Reuters
PT Bank Rakyat Indonesia , Indonesia's second largest bank by assets, sees 2011 loan growth at 22 percent versus 20 percent expected this year, finance director Achmad Baiquni said on Thursday. Source: Reuters
Indonesia's biggest toll road operator, PT Jasa Marga, said on Thursday it expects 2011 revenues will grow 11 percent to 4.8 trillion rupiah ($533.24 million).
The firm said its 2010 net profit was more than 1 trillion rupiah and revenues grew 17 percent to 4.3 trillion rupiah, as forecast in a Reuters report in October. The state-owned firm has allocated 6.2 trillion rupiah for capital expenditure in 2011, of which half is expected to be raised from bank loans or bonds, CEO Frans Sunito said.
Jasa Marga, which has market capitalisation of about $2.58 billion and has seen its share price more than double in 2010, will start construction of at least three new toll roads on Java island next year, Sunito said.
Indonesian government wants to build 800 kms (500 miles) of new toll roads by 2014, with a focus on the Trans-Java toll road.
Indonesia's poor infrastructure is seen as both a deterrent to growth and an investment opportunity, but improvements have been held up by rows over compulsory land acquisition, an issue that is expected to ease with the passing of a new law next year.
The Indonesian Automotive Association (Gaikindo) sees domestic car sales rising 4 percent next year after sales of 720,000 units this year. Source: Reuters
Indonesia will soon issue regulations to allow underground mining in protected forests, the government said on Thursday, a move likely to attract more investment but alarm green groups.
Indonesia has some of the world's largest reserves of minerals and is keen to increase revenue from the mining sector, which hosts international firms such as Newmont Mining Corp. (NEM.N) and Rio Tinto (RIO.AX).
The country also boasts some of the world's largest and most pristine rainforests, but conflicting mining and forestry regulations have resulted in confusion over which areas may be exploited.
President Susilo Bambang Yudhoyono is expected to sign the new regulation "within weeks", said forestry minister Zulkifli Hasan, and it is likely to kickstart projects that have stalled because of tight forestry policy.
"I have signed the draft, so now we are waiting for the final stage, which is the president's signature," Hasan said.
The regulation will clarify a law issued in 1999 that prohibited open-pit mining in protected forests but did not specify whether underground mining was allowed.
Currently 13 mining companies are allowed to carry out open-pit mining in protected forest areas because their projects were in advanced stages before the practise was prohibited.
Hadi Daryanto, the secretary general of the forestry ministry, did not give details of which companies would start underground mining, but said several could start exploring for coal, nickel and gold next year.
Indonesia has reserves of 546.8 million tonnes of nickel, 112 million tonnes of bauxite and 42.85 million tonnes of copper (measured in copper metal), data from the mining and energy ministry showed.
Mineable reserves of tin stand at 338,911 tonnes, measured in terms of refined tin, while gold reserves were 4,341 tonnes measured in terms of gold ingot, it said.Source: Reuters
Palm oil futures advanced, ending 2010 at the highest annual closing price in at least 15 years, on concern global supplies of cooking oils will tighten after rains disrupted harvesting in Indonesia and Malaysia.
The March-delivery contract gained 1.5 percent to 3,788 ringgit ($1,230) a metric ton on the Malaysia Derivatives Exchange. The most-active contract rose 42 percent this year, the second straight annual increase, and ended at the highest since at least 1995, according to Bloomberg data.
Futures on Dec. 28 gained to 3,792 ringgit, the highest level since March 2008, amid concern that the supply of cooking oils may tighten as dry weather in Argentina hurt the crop in the world’s largest producer of soybean oil, and after rains affected harvesting in Indonesia and Malaysia, the largest exporters of palm oil.
“The overall trend is still up,” Donny Khor, a senior vice president at OSK Investment Bank Bhd., said by phone from Malaysia. The rally may be sustained next year as importers return to the market, he said. Trading is suspended tomorrow for a public holiday, according to a statement on the exchange website.
A public holiday was declared after the nation’s football team won the 2010 AFF Suzuki Cup, Bernama reported, citing Prime Minister Najib Razak.
Argentina’s soybean production may fall by 17 percent to as low as 43 million metric tons in the 2010-2011 harvest as a result of a drought caused by the La Nina weather phenomenon, research company Economia y Regiones said Dec. 28.
Production Outlook
Production of palm oil around the world was forecast on Dec. 10 by the U.S. Department of Agriculture to rise 6.9 percent to 47.9 million tons this marketing year, from a year earlier. Global demand was estimated at 48.2 million tons, up from 44.7 million tons a year earlier, the U.S. agency said.
Stockpiles of vegetable oils including palm oil, soybean oil, and rapeseed oil, are forecast to drop at the end of this season to a seven-year low, pushing prices higher across all markets, the Economic Research Service of the USDA said in a Dec. 13 report.
World inventories of vegetable oils will equal 13.2 percent of demand in the 2010-2011 season, a “critically low level,” the United Nations’ Food & Agriculture Organization said in a November report. Source: Reuters
* Dollar reserve requirements raised to 5 pct in March, 8 pct June * Short term foreign borrowing by banks capped at 30 pct of capital
* Banks must disclose prime lending rates from March
Indonesia's central bank moved on Wednesday to mop up excessive liquidity and encourage more lending, announcing fresh measures that sought also to protect Southeast Asia's biggest economy against new inflationary pressures.\
Bank Indonesia said the minimum dollar reserve requirement for commercial banks would be raised to 5 percent of total deposits from March 1 and to 8 percent on June 1, from the current 1 percent.
A rise to 5 percent in dollar reserve requirement -- which banks store at the central bank -- was expected to absorb $1.5-2.5 billion from the market, while the rise to 8 percent could absorb $3 billion, deputy bank governor Budi Mulya told a news conference.
Indonesian officials have tried channeling strong capital flows into the country towards longer-dated investments for fear a change in risk sentiment may trigger a "hot money" reversal, hurting the local currency and financial stability.
DARLING OF EMERGING MARKETS Indonesia has been a darling of emerging market investors this year. The currency has risen nearly 3.5 percent and the stock market 40 percent -- driven by strong domestic consumption.
Foreigners have so far this year bought net 86.8 trillion rupiah ($9.6 billion) worth of Indonesian government bonds and 9.7 trillion rupiah of central bank SBI debt, latest Bank Indonesia data shows.
But Indonesia joins countries from South Korea to Brazil that have implemented stricter measures to protect their economies from a tide of capital, although Jakarta's steps have been more modest.
"The concern could stem from the fact that most foreign investors buying local assets exchange their dollar liquidity for rupiah via local commercial banks, which could lead to an alarming situation and create rupiah instability should there be a sudden and massive unwinding," Enrico Tanuwidjaja, an economist at OSK-DMG in Singapore, said of the new measures.
"I think Bank Indonesia is trying to ensure that local banks employ closer monitoring of their U.S. dollar banking books."
The central bank on Wednesday also capped banks' vostro accounts at a maximum 30 percent of capital beginning end January, with a three-month transition time. Vostro accounts are rupiah deposits in commercial banks held by foreigners and considered a form of short-term borrowing by the institution.
Inflation, the Achilles heel of Southeast Asia's largest economy, may yet prevent growth from reaching 6-6.5 percent as expected next year. Local food prices have been creeping up as heavy rains have affected commodities, while the partial end to a pump price subsidy on fuel and new taxes on vehicles will also be felt.
BENCHMARK RATE STABLE
Governor Darmin Nasution said on Wednesday that the central bank would keep its benchmark interest rate -- which has been at 6.5 percent for over a year -- consistent with the inflation target range of 4-6 percent in 2011, and 3.5-5.5 percent in 2012.
"Although we think that they will eventually raise interest rates in April 2011, there is a risk of them being reactive, instead of pre-emptive, in doing so," said Helmi Arman, an economist at Bank Danamon.
"Capital inflows have been a key concern among policy-makers. So far Bank Indonesia has taken liquidity management measures to mop up liquidity and sterilize their foreign exchange intervention."
On Wednesday Bank Indonesia also announced that commercial banks with assets of more than 10 trillion rupiah would be required to disclose their prime lending rates starting March 31.
The regulation may bring down rates and spur more lending to businesses which frequently complain about the high rates demanded by commercial banks, which currently hover around 14-15 percent.
Deputy governor Muliaman D. Hadad said banks would have to disclose their base lending rates for corporates, retails and consumers, both mortgage and non-mortgage. This year's lending was estimated to grow by 22 percent, he said, and between 22-24 percent next year. ($1 = 9,017 rupiah). Source: Reuters
Indonesian miner PT Bayan Resources has bought nine coal concessions near its existing Tabang mines in east Kalimantan which it plans to inject into Australia's Kangaroo Resources in exchange for a controlling interest following a new share issue, Bayan said in a statement.
Bayan, Indonesia's eighth largest coal producer, said the concessions have combined reserves of around 116 million tonnes of coal and 3.8 billion tonnes of coal resources.
While the plan is still subject to due diligence and shareholders approval, spokeswoman Jenny Quantero said Bayan would ultimately have a controlling interest in KRL sometime in the first quarter of 2011.
"This transaction is in line with Bayan's strategy of growth through acquisition and expands our resource base while also providing significant infrastructure and operational synergies," company president director Eddie Chin said in a statement.
Indonesian government forecasts see coal production next year reaching 327 million tonnes, 19 percent more than the 275 million expected in 2010. Source: Reuters
Outlook Bursa 2011 oleh HD Capital. Sektor yang prospeknya bagus untuk 2011 menurut HD Capital adalah perbankan (28%), batubara (19%), dan konsumer (21%). Dari ketiga sektor itu, saham jagoannya adalah BRI dengan target harga Rp 14.750, Adaro Energy (Rp 3.200), dan Astra International (Rp 80.000). Outlook Bursa 2011 Oleh HD Capital
Hari terakhir perdagangan untuk tahun ini, Kamis 30 Desember 2010, HD Capital merekomendasikan empat saham pilihannya untuk dicermati dengan rekomendasi beli. Keempat saham itu adalah Bank Rakyat Indonesia (BBRI), Astra International (ASII), Multipolar (MLPL), dan Bumi Resources (BUMI).
BUY: (BBRI, ASII,MLPL, BUMI)
Pelaku pasar mulai akumulasi dalam berbagai emiten selektif menjelang January effect 2011.
Dengan membeli 3 saham dalam 3 sektor terbesar di IHSG (banking, coal dan consumer) Anda bisa mendapatkan 70% dari total weighting index.
IHSG close (29-12) 3.699.22 (+40.15/+1.23%) (Val.Rp.3.1T)
1. Bank BRI (BBRI): (BUY) (Target: Rp 10.850) (close 27/12 Rp 10.300)
30% dari kapitalisasi IHSG dipegang oleh sektor perbankan, dimana BBRI menjadi saham dengan kapitalisasi terbesar di sektor tersebut
BRI berambisi menjadi pemain mikro segmen (UKM) terbesar di perkotaan melawan pemegang pangsa pasar Danamon.
Entry: (1) Rp 10.200, Entry (2) Rp 10.000, Cut loss point: Rp 9.800
2. Astra International (ASII) (BUY): (Target: Rp 56.000) (Close 29/12 Rp 54.000)
Consumer sector memberikan kontribusi 27% kepada kapitalisasi IHSG, dengan ASII sebagai saham pemegang kapitalisasi terbesar.
Kelihatannya berbagai sentimen negatif sudah tercermin dari koreksi di bawah Rp 50,000 dan sekarang tren mulai berbalik positif untuk jangka pendek dengan misi menuju garis down-trend-line di Rp 56.000.
Kontibusi dari subsidiary unit (AALI & UNTR) sebesar 60% dapat mendongkrak laba di 2011 apalagi outlook CPO dan batubara sangat positif.
Entry (1) Rp 53.500, (2) Rp 52.500, Cut loss point: Rp 51.500
3. Multipolar (MLPL) (BUY): (Target: Rp 345) (close 28/12 Rp 305)
Pasca koreksi sepekan, saham lapis dua ini secara teknikal akan mencoba reverse short term downtrend dengan indikasi stochastic oversold buy yang di confirm oleh downsloping Directional Movement ADX (market tidak sedang trending-tren negative melemah).
Entry: (1) Rp 300, Entry: (2) Rp 285, Cut loss point: Rp 265
4. Bumi Resources (BUMI): (BUY) (Target: Rp 3.300) (Close 28/12 Rp 3.075)
Sektor batubara memberikan kontribusi 19% untuk IHSG
Selain sensitivitas earnings terhadap harga batubara (diperkirakan bila harga batubara di atas US$ 115/ton maka laba BUMI dapat baik 20%), beberapa corporate action untuk mengurangi utang yang sudah terlaksana maupun dalam rencana memberikan advantage besar versus emiten karena bila biaya beban utang berkurang maka laba akan terdongkrak tanpa mengandalkan pendapatan dari segi penjualan batubara.
Entry: (1) Rp 3.025, Entry (2) Rp 2.975, Cut loss point: Rp 2.875
PT Aneka Tambang Tbk (ANTM) mengakuisisi PT Dwitra Enggang Khatulistiwa (DEK) yang memiliki izin usaha pertambangan eksplorasi bahan galian bauksit di Kabupaten Landak, Kalimantan Barat. DEK tercatat menguasai cadangan bauksit sekitar 16 juta wmt.
Hasil bauksit tersebut akan diolah di pabrik pengolahan bauksit untuk menjadi alumina. Nilai akuisisi sekitar Rp 250 juta. Antam juga mendirikan perusahaan patungan dengan Jindal Stainless Ltd India, bernama Abuki Jaya Stainless Indonesia (AJSI) guna mengembangkan bijih nikel menjadi nickel pig iron (NPI) di Kabupaten Konawe Utara, Sulawesi Tenggara. Antam menyetorkan modal Rp 5,08 miliar (55%) dan Jindal Rp 4,16 miliar (45%). Namun, Jindal di tengah jalan kemudian mengundurkan diri, sehingga Antam menguasai AJSI 100% senilai Rp 9,25 miliar.
Status AJSI saat ini tengah dalam tahapan studi kelayakan dan pengurusan perizinan pendirian pabrik pengolahan bijih nikel.
Rabu, 29 Desember 2010, HD Capital merekomendasikan empat saham pilihannya untuk dibeli, yakni Indofood Sukses Makmur (INDF), Bumi Resources (BUMI), United Tractor (UNTR), dan Bank Negara Indonesia (BBNI).
BUY: (INDF, BUMI, UNTR, BBNI)
Pasar mulai akumulasi posisi di berbagai saham selektif yang berprospek cerah antisipasi laporan keuangan Q4 2010 & January effect 2011.
IHSG close (28-12) 3.653.474(+28.915/+0.74%) (Val.Rp.2.6T)
1. Indofood Sukses Makmur (INDF): (BUY) (Target: Rp 5.050) (close 28/12 Rp 4.800)
Kenaikan harga komoditas terutama CPO positif karena laba perseroan diperkirakan dapat naik 10% akibat kontribusi 25% anak usaha di CPO.
Kenaikan harga gandum dapat membuat perseroan menaikkan harga jual mie 5% di 2011 untuk mengambil kembali margin penjualan, suatu hal yang belum di price-in oleh pasar.
Valuasi menarik, diperdagangkan di 2010 PE 16x & 2011F PE 12 sehingga banyak potensi upside adjustment
Entry: (1) Rp 4.750, Entry (2) Rp 4.650, Cut loss point: Rp 4.500
2. Bumi Resources (BUMI) (BUY): (Target: Rp 3.250) (Close 28/12 Rp 3.050)
Valuasi termurah di sektor batubara (2011F PE 14x, PBV 2.9x) versus sektor standard (2011F 18x, 4.5xPBV) serta potensi penambahan laba akibat rencana debt restructuring utang di 2011 mulai di price in oleh pasar.
Kenaikan harga batubara di atas US$ 115/ton dan potensi adjustment harga rata-rata penjualan dari US$ 66/ton ke US$ 76/ton belum sepenuhnya tercermin dalam harga saham
Entry (1) Rp 3.025, Entry (2) Rp 2.950, Cut loss point: Rp 2.850
3. United Tractors (UNTR) (BUY): (Target: Rp 25.000) (Close 28/12 Rp 23.600)
Kontribusi dari mining unit Pama dapat menaikan margin keuntungan 2011 sebesar 20%.
Kenaikan harga batubara di atas US$ 115/ton selama ini akan positif apalagi persero belum menaikkan harga jual kontrak ke depan untuk adjust ke benchmark price.
Entry: (1) Rp 23.400, Entry (2) 23.050, Cut loss point: Rp 22.250
4. Bank BNI (BBNI) (BUY) (Target: Rp 3.950) (close 28/12 Rp 3.725)
Outlook GDP & suku bunga kondusif dapat membuat proyeksi pertumbuhan pinjaman 18% di 2011 menjadi kenyataan.
Investor dapat memilih emiten dengan sumber pendanaan deposit yang kuat serta flexibilitas dalam diversifikasi portofolio pinjaman seperti BBNI yang juga mempunyai dana cukup pasca rights untuk ekspansi.
Entry: (1) Rp 3.700, Entry (2) Rp 3.600, Cut-loss point: Rp 3.500
* Negara sees 2011 loan growth at 18-19 pct * Plans to acquire a micro-lending bank within two years
* Expects to recoup 1.7 trln rph in bad debt this year
PT Bank Negara Indonesia , the nation's fourth biggest lender and flush with $1.2 billion from a rights issue earlier month, aims to spend big on infrastructure projects, the firm's CEO said on Tuesday.
Indonesia has been a darling of emerging market investors this year, but poor infrastructure and byzantine bureaucracy still deter investors. "When I meet investors during road shows, they're really concerned about our connectivity between islands that is causing higher costs," said Gatot M Suwondo, BNI's president director, in an interview with Reuters.
"Therefore, we need to develop our infrastructures as we move from a (domestic) consumer-driven economy to the combination of consumer and foreign investment."
Negara expects to set aside about 20 trillion rupiah to finance infrastructure projects -- including roads and power plants -- in order to stimulate foreign investor appetite, Suwondo said, but getting them off the ground remained a problem.
"We have 25 trillion rupiah of undisbursed loans because projects never start," Suwondo said." We need the government to step up to help by executing its own spending to build infrastructure."
LOAN AND ACQUISITION BNI is now one of the most capitalised banks in Indonesia after a successful $1.2 billion rights issue this month that help increase its adequacy ratio to 19 percent from 12 percent.
"I expect our loan growth to reach between 18 to 19 percent next year," Suwondo said. "It's still below the sector's target but it's because we're under a restructuring process that is expected to be completed mid next year."
The bank also aims to grow via acquisitions and is looking at opportunities to buy a micro-lender. "We're currently looking [to acquire], maybe in one or two years, because we need to calculate carefully," he said.
The bank also in talks with several potential partners to develop its brokerage unit as well as its life insurance unit, Suwondo added.
Suwondo said that BNI expects to recoup about 1.7 trillion rupiah of bad debt this year to add to a 2010 profit that it expect to jump 60 percent from 2.48 trillion rupiah in 2009 to about 3.97 trillion rupiah based on a Reuters calculation.
The forecast is inline with StarMine SmartEstimate, a consensus that gives more weight to recent forecasts by top-rated analysts, at 3.99 trillion rupiah.
Shares of BNI, which has a market capitalisation of about $6.1 billion, have risen 95 percent this year -- easily beating a broader market that is nevertheless up 40 percent. Source: Reuters
Indonesia's finance ministry is in talks with five state firms to seek a commitment from them to buy government bonds in the event of sudden outflows of capital from the market, an official said on Tuesday.
Agus Suprijanto, acting head of the fiscal policy office at the finance ministry, said discussions were still in the early stages, but the so-called bond stabilisation fund would help to maintain bond prices if a reversal in risk sentiment triggered capital outflows.
The five firms are Bank Mandiri , Bank Negara Indonesia and Bank Rakyat Indonesia , as well as pension fund Taspen and deposit insurance corporation LPS, he said.
"If there is a crisis or reversal, they are committed to buy back government bonds," he said, adding that the amount of funds prepared was still being discussed.
Indonesia, Southeast Asia's biggest economy, has been an investor darling this year, but officials are concerned that a tide of hot money could reverse and plunge the economy into crisis.
Bank Indonesia has already moved to encourage investors towards longer-dated paper by scrapping the sale of one- and three-month SBIs and creating a minimum 28-day holding period for the purchase of SBIs.
The government also has funds ready in the state budget to buy back bonds in the event of capital flight, said Suprijanto.
Strong economic growth and political stability have attracted investors to Indonesia, and foreign ownership of government bonds rose to 194.9 trillion rupiah ($21.56 billion) as of Dec. 21 -- almost double the 108 trillion rupiah of December last year -- a third of the total.
Indonesia has also studied the possibility of taxing capital inflows despite it being a less favourable option, Suprijanto said last month.Source: Reuters
PT Bank Mandiri Tbk (BMRI) akan menerbitkan 2.336.838.591 saham baru dengan harga penawaran di Rp 4.000-6.500 per lembar. Total dana yang akan diraup bank terbesar di Indonesia itu berkisar antara Rp 9,3 triliun hingga Rp 14,4 triliun.
Setiap pemegang 8.985 saham lama yang terdaftar pada 10 Februari 2011, berhak atas 1.000 Hak Memesan Efek Terlebih Dahulu (HMETD). Setiap 1 HMETD tersebut memberikan hak kepada pemegangnya untuk membeli sebanyak 1 saham baru di harga Rp 4.000-6.500.
Rencananya, saham baru ini akan dicatatkan di Bursa Efek Indonesia pada 14 Februari 2011. HMETD ini dapat diperdagangkan baik di dalam maupun di luar BEI sesuai peraturan Bapepam IX.D.1 selama 5 hari bursa dari 14 Februari hingga 21 Februari 2011.
Pemerintah Indonesia sebagai pemegang saham Bank Mandiri tidak akan melaksanakan seluruh HMETD yang menjadi haknya dalam penawaran umum terbatas (PUT) ini yakni sejumlah 1.558.152.476.
Pemerintah RI akan mengalihkan HMETD yang dimilikinya kepada Mandiri Sekuritas dan Danareksa Sekuritas selaku agen penjual yang ditunjuknya. Selanjutnya saham hasil pelaksanaan HMETD itu akan dijual melalui penawaran terbatas.
Untuk Selasa ini, 28 Desember 2010, HD Capital merekomendasikan empat saham pilihan yakni Delta Dunia Makmur (DOID), Bank Bukopin (BBKP), Indika Energy (INDY), dan Telekomunikasi Indonesia (TLKM) untuk dicermatin dengan opsi beli.
BUY: (DOID, BBKP, INDY, TLKM)
Dalam tren sideways ini, beberapa emiten di IHSG yang sempat terkorelasi negatif mempunyai prospek upside adjustment ke depan.
IHSG close (27-12) 3.613.700(+1.777/+0.05%) (Val.Rp.2.6T)
1. Delta Dunia (DOID): (BUY) (Target: Rp 1.570) (close 27/12 Rp 1.490)
Bila terjadi pullback ke 100% retracement Fibonacci support di Rp 1.450 rekomen akumulasi dengan target berikutnya di Fibonacci 161.8% target atas Rp 1.570
Tren jangka pendek mulai positif dengan indicator MACD & Stochastic memberikan buy signal sejak sepekan lalu.
Entry: (1) Rp 1.450, Entry (2) Rp 1.380, Cut loss point: Rp 1.270
2. Bank Bukopin (BBKP) (BUY): (Target: Rp 720) (Close 27/12 Rp 650)
Pasar mulai melirik pemain mikro UKM-koperasi ini yang mempunyai valuasi PER 9x/PBV 1.5x 2010 termurah di sektornya yang sudah terkoreksi 20% sejak menyentuh high Rp 790 pada September lalu.
Entry (1) Rp 650, Entry (2) Rp 630, Cut loss point: Rp 590
3. Indika Energy (INDY) (BUY): (Target: Rp 4.750) (Close 27/12 Rp 4.475)
Akuisisi 51% Mitra Bahtera Sagarasejati (MBSS) yang dijadwalkan bulan depan, pembukaan tambang baru di proyek Kalimantan barat serta kontribusi dari unit tambang Kideco di Samarangau dapat menjadi katalis positif untuk meneruskan uptrend.
Entry: (1) Rp 4.400, Entry (2) 4.250, Cut loss point: Rp 4.100
4. Telekomunikasi (TLKM) (BUY) (Target: Rp 9.700) (close 27/12 Rp 8.000)
Valuasi PER 13.4x/PBV 3.75x 2010 yang di bawah valuasi IHSG sekarang (PER 14x) serta harapan akan window dressing akhir tahun memicu investor untuk akumulasi saham ini sehingga downside tidak akan berlanjut lagi.
Entry: (1) Rp 7.900, Entry (2) Rp 7.700, Cut-loss point: Rp 7.500
PT Bank Mandiri (BMRI), Indonesia’s biggest bank by assets, climbed 2.4 percent to 6,500 rupiah as DMG & Partners Securities Pte Ltd. raised the stock’s rating to “buy” from “neutral” and set a share-price estimate of 7,750 rupiah.
China Investment Corp., the nation’s sovereign wealth fund, joined a group including TPG Capital and Government of Singapore Investment Corp. to invest in PT Delta Dunia.
Delta Dunia, which owns Indonesia’s second-biggest coal mining, said in an e-mailed statement today that the group will be led by Northstar Equity Partners.Source: Bloomberg
Untuk perdagangan Senin, 27 Desember 2010, HD Capital merekomendasikan empat saham pilihan, yakni Bank Rakyat Indonesia (BBRI), Astra International (ASII), London Sumatera (LSIP), dan Bumi Resources (BUMI).
BUY: (BBRI, ASII,LSIP, BUMI)
* Pelaku pasar mulai akumulasi dalam berbagai emiten selektif menjelang January effect 2011.
* Kapitalisasi terbesar per sektor untuk IHSG terdiri atas perbankan (30%), consumer (27%) dan batubara (19%), dengan memilih 3 saham dengan market cap terbesar di sektor tersebut dapat mengikuti laju korelasi IHSG dengan mudah.
* IHSG close (23-12) 3.611.74 (-9.15/-0.23%) (Val.Rp.4.1T)
1. Bank BRI (BBRI): (BUY) (Target: Rp 10.850) (close 23/12 Rp 10.300)
* 30% dari kapitalisasi IHSG dipegang oleh sektor perbankan, di mana BBRI menjadi saham dengan kapitalisasi terbesar di sektor tersebut
* BRI berambisi menjadi pemain mikro segmen (UKM) terbesar di perkotaan melawan pemegang pangsa pasar Danamon.
* Entry: (1) Rp 10.200, Entry (2) Rp 10.000, Cut loss point: Rp 9.800
2. Astra International (ASII) (BUY): (Target: Rp 56.000) (Close 23/12 Rp 52.550)
* Consumer sector memberikan kontribusi 27% kepada kapitalisasi IHSG, dengan ASII sebagai saham pemegang kapitalisasi terbesar.
* Kelihatannya berbagai sentiment negative sudah tercermin dari koreksi di bawah Rp 50,000 dan sekarang tren mulai berbalik positif untuk jangka pendek dengan misi menuju garis down-trend-line di Rp 56.000.
* Entry (1) Rp 52.000, (2) Rp 50.500, Cut loss point: Rp 49.500
3. London Sumatra (LSIP) (BUY): (Target: Rp 12.350) (close 23/12 Rp 11.850)
* Sektor CPO mempunyai proyeksi pertumbuhan terbesar di IDX untuk 2011 (30-40%), dengan pilihan saham favorit jatuh kepada London Sumatra Plantation (LSIP).
* Entry: (1) Rp 11.700, Entry: (2) Rp 11.500, Cut loss point: Rp 11.200
4. Bumi Resources (BUMI): (BUY) (Target: Rp 3.200) (Close 23/12 Rp 2.975)
* Sektor batubara memberikan kontribusi 19% untuk IHSG dengan kapitalisasi terbesar dipegang oleh ADRO dan BUMI.
* Selain sensitivitas earnings terhadap harga batubara (diperkirakan bila harga batubara di atas US$ 115/ton maka laba BUMI dapat baik 20%), beberapa corporate action untuk mengurangi yang sudah terlaksana maupun dalam rencana memberikan advantage besar versus emiten karena bila biaya beban utang berkurang maka laba akan terdongkrak tanpa mengandalkan pendapatan dari segi penjualan batubara.
* Entry: (1) Rp 2.900, Entry (2) Rp 2.700, Cut loss point: Rp 2.500
* Bank to raise 3 trln rph via bonds, assets securitisation
Indonesia's top mortgage lender, PT Bank Tabungan Negara , sees a government commitment to allow foreigners to own local property next year as an opportunity for aggressive expansion, the company's CEO said on Thursday.
Indonesia's property sector could attract between $3 billion to $6
billion in new investment if parliament completes the passage of a law
lifting restrictions on foreign property ownership in Southeast Asia's
biggest economy, industry players say.
"I can see property prices jumping, especially in the cities, said said
Iqbal Latanro, BTN's chief executive officer, in an interview at his
22nd floor Jakarta office, overlooking the presidential palace.
"The only problem for most Indonesians is low buying-power, but as the
economy is growing and the central bank's rate still at its lowest
level, then that problem is slowly lifting."
BTN, the smallest of four Indonesian state banks but the country's
biggest mortgage lender, plans to open new 200 branches across the
archipelago next year in a bid to attract more deposits, Latanro said.
BTN would seek to raise about 2 trillion rupiah via bonds and 1 trillion
rupiah through asset-securitisation to fuel the expansion.
RAISE ASSETS, PROFIT FORECAST
"As the economy grows, consumption-type loans also flourish --
especially for housing," said Latanro. "Therefore we have increased our
loan growth target to between 20 to 30 percent next year, with asset
growth about 15-20 percent."
Latanro said BTN expects profits to jump about 50 percent next year.
The bank's 2009 net profit was 490.45 billion rupiah and is expected to
hit about 790 billion rupiah in 2010 -- up 60 percent this year and in
line with forecasts by StarMine's SmartEstimate, a consensus that gives
more weight to recent forecasts by top-rated analysts.
Latanro's 2011 profit forecast of 1.2 trillion rupiah, however, 50
percent up, is higher than StarMine's estimate of 1.1 trillion rupiah.
"We aim to maintain our net interest margin at around 5 to 6 percent
next year amid tightening competition in the mortgage segment," he said.
Shares of BTN, which went public a year ago raising 1.9 trillion rupiah, have risen 94 percent this year -- easily beating a broader market that is nevertheless up 40 percent.
Latanro, a 25 year veteran of BTN and avid golfer, also said the bank was in talks with several middle-eastern investors to develop its shariah unit.
Indonesia has been a darling of emerging market investors this year, although wariness remains over what steps the government may take to stop volatility caused by inflows of hot money into the debt and equity market. ($1 = 9042.000 Indonesian Rupiah). Source: Reuters
Four companies interested in investing in PT Matahari Putra Prima, Indonesia’s biggest retailer by market value, may complete their due diligence in the first week of January, a spokesman said.
“We expected them to finish before the end of this month, but I think it may be done in the first week of January,” Danny Kojongian, Matahari’s director of corporate communications, said by phone in Jakarta today.
Bank of America Corp.’s Merrill Lynch unit is facilitating discussions with four companies, including South Korea’s Lotte Shopping Co., that may “explore the modes of investment” that may include a stake sale, Matahari said in a statement Dec. 3.
“We’re still waiting for Merrill’s review,” of the companies, Kojongian said today.
A purchase would give the buyer control over the biggest rival to Carrefour SA in Southeast Asia’s largest economy, which is forecast to expand at least 6 percent this year. Matahari’s hypermarket business has annual sales of about $1 billion that will probably grow 22 percent this year, the statement said.
Wal-Mart Stores Inc. and French retailer Casino Guichard- Perrachon SA are among the companies that have looked at the assets, people familiar with the deal said in November.
Matahari, which means “sun” in Indonesian, has 51 hypermarkets in Southeast Asia’s most populous nation, where domestic consumption accounts for two-thirds of the economy.Source: Bloomberg
Riset Indofood Sukses Makmur (INDF) oleh NISP Sekuritas. Target harga Rp 5.725 dengan lini bisnis andalan Bogasari (tepung terigu) dan perkebunan kelapa sawit. Riset Indofood Sukses Makmur Oleh NISP Sekuritas
Riset Industri Semen oleh Ciptadana Sekuritas. Target harga Semen Gresik Rp 11.000 dan Indocement Rp 19.000 dan menjadi pilihan utama Ciptadana untuk dikoleksi. Riset Industri Semen Oleh Ciptadana Sekuritas
Toko Saham adalah blog khusus yang sengaja dibuat untuk menyediakan informasi bagi investor saham di seluruh Indonesia. Blog ini lahir karena didorong keterbatasan akses informasi bagi investor lokal terhadap kondisi dan perkembangan emiten dibandingkan para investor asing.
Investor asing dengan modal yang jauh lebih besar jauh diuntungkan posisinya dibandingkan investor lokal. Mereka bisa mengakses informasi soal perkembangan setiap emiten dari berbagai sumber.
Atas pemikiran itulah maka pada 14 Juli 2010, blog ini resmi terbentuk. Meski terbilang baru, saya berharap blog ini dapat merealisasikan misi di atas, yakni menjadi pusat informasi mengenai emiten-emiten di bursa saham Indonesia.
Seluruh informasi blog ini diperbaharui setiap 30 menit.
Tentu saja misi blog ini tidak akan tercapai tanpa dukungan para pembaca. Karena itu saya dengan senang dan hati terbuka menerima saran dan kritik dari Anda semua.
Hi..i am a journalist at Investor Daily Indonesia. A Business Newspaper in Indonesia. This blog is not represented my office opinion and content.
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