Credit Suisse "Jaga" Saham Indofood

Investor masih bersikap "wait and see" terhadap saham PT Indofood Sukses Makmur Tbk (INDF), setelah kemarin naik tinggi. Hanya broker Credit Suisse Securities Indonesia yang memborong 29.270 lot di harga rata-rata Rp 5.111.

Harga saham INDF ditutup naik Rp 50 menjadi Rp 5.200. Saham ini sempat menyentuh Rp 5.000 dengan volume hanya 62 lot. Aksi beli oleh Credit Suisse membuat harga saham ini relatif terjaga. Pasalnya, ketika turun ke posisi Rp 5.050, Credit Suisse langsung memborongnya, sehingga volume transaksi terbesar terjadi di harga Rp 5.050 hingga Rp 5.150. 

Broker penjual juga sudah tidak banyak lagi. Ini terlihat dari aksi ABN AMRO yang hanya melepas 12.560 lot namun bisa mencatatkan diri sebagai broker penjual terbanyak saham INDF.

1	CS	CREDIT SUISSE SECURITIES INDONESIA	609	29,270	5,111.16	30	5,918	5,120.56	23,352	35,188
2	DX	BAHANA SECURITIES	76	2,009	5,149.85	7	51	5,183.33	1,958	2,060
3	ZP	KIM ENG SEKURITAS	29	1,741	5,107.32	57	945	5,105.77	796	2,686
4	AO	ERDIKHA ELIT	13	801	5,160.05	2	28	5,146.43	773	829
5	FS	AMCAPITAL INDONESIA	9	500	5,150.00	-	-	-	500	500

71	PD	INDO PREMIER SECURITIES	72	368	5,101.63	118	1,642	5,080.72	-1,274	2,010
72	ML	MERRILL LYNCH INDONESIA	125	3,454	5,139.40	51	5,249	5,142.85	-1,795	8,703
73	YU	CIMB-GK SECURITIES INDONESIA	14	216	5,106.94	123	5,177	5,078.67	-4,961	5,393
74	HG	ABN AMRO ASIA SECURITIES INDONESIA	-	-	-	218	12,560	5,110.35	-12,560	12,560

Credit Suisse Borong 16 Ribu Lot Saham Bank BJB

Credit Suisse Securities Indonesia memborong 16.344 lot saham PT Bank BJB Tbk (BJBR) di harga rata-rata Rp 1.421. Selain broker tersebut, tidak ada aktifitas akumulasi yang signifikan dari broker-broker yang sejak awal membeli saham ini, seperti Deutsche Securities, CIMB-GK Securities, dan UBS Securities.

Padahal, kemarin, UBS Securities memborong 36.206 lot di harga rata-rata Rp 1.385.

1	CS	CREDIT SUISSE SECURITIES INDONESIA	237	16,344	1,421.08	132	6,068	1,415.33	10,276	22,412
2	YU	CIMB-GK SECURITIES INDONESIA	33	4,564	1,417.97	27	1,225	1,423.27	3,339	5,789
3	DB	DEUTSCHE SECURITIES INDONESIA	44	2,000	1,417.50	-	-	-	2,000	2,000
4	AK	UBS SECURITIES INDONESIA	30	1,932	1,417.15	-	-	-	1,932	1,932
5	OD	DANAREKSA SEKURITAS	44	1,992	1,421.53	55	494	1,419.68	1,498	2,486

73	KK	PHILLIP SECURITIES INDONESIA	39	644	1,417.87	73	3,352	1,416.57	-2,708	3,996
74	AO	ERDIKHA ELIT	6	700	1,420.00	94	3,768	1,415.39	-3,068	4,468
75	DR	NUSADANA CAPITAL INDONESIA	35	1,550	1,426.39	119	7,072	1,420.21	-5,522	8,622

Investor Asing Borong Saham Bakrie Telecom

Kepastian soal rencana rights issue Bakrie Telecom (BTEL) pada kuartal IV-2010 dengan stand by buyer PT Telkom Tbk (TLKM) mendorong investor asing memborong saham operator Esia melalui broker CIMB-GK Securities.

Broker ini memborong 100.221 lot, dengan investor lokal membeli 22 ribu lot dan selebihnya diborong oleh investor asing.

Trimegah Securities menjadi pemborong terbanyak saham BTEL dengan volume 216.889 lot di harga rata-rata Rp 197. Akibat aksi ini, harga saham BTEL naik Rp 14 atau 7,33% menjadi Rp 205.

Sedangkan broker Recapital Sekuritas yang sejak awal terus memborong saham BTEL tidak menunjukkan aktivitas pembelian. Tokosaham mencatat Recapital telah membeli 1 juta lot ketika harganya masih berada di Rp 150.

Lihat berita:
Recapital Kembali Borong 130 Ribu Lot Saham BTEL (3 September 2010)
Recapital Kembali Borong 359 Ribu Lot Saham BTEL (31 Agustus 2010)
 

1	LG	TRIMEGAH SECURITIES TBK.	297	216,889	197.85	82	53,375	200.12	163,514	270,264
2	YU	CIMB-GK SECURITIES INDONESIA	110	100,221	204.39	68	28,120	203.72	72,101	128,341
3	PO	BALI SECURITIES	87	68,995	200.52	9	8,995	200.00	60,000	77,990
4	DR	NUSADANA CAPITAL INDONESIA	100	73,000	197.75	108	23,982	201.01	49,018	96,982
5	YP	ETRADING SECURITIES	272	70,753	200.97	248	36,943	199.15	33,810	107,696

95	KI	CIPTADANA SECURITIES	102	5,700	195.63	69	49,534	199.57	-43,834	55,234
96	HD	HORTUS DANAVEST TBK.	-	-	-	18	46,350	204.85	-46,350	46,350
97	FZ	WATERFRONT SECURITIES INDONESIA	204	139,186	200.48	214	189,773	199.88	-50,587	328,959
98	YJ	LAUTANDHANA SECURINDO	52	34,154	198.64	113	114,640	198.08	-80,486	148,794

Investor Asing Borong Saham BLTA

Investor asing melalui broker CIMB-GK Securities Indonesia memborong 122.536 lot saham PT Berlian Laju Tanker Tbk (BLTA). Dari jumlah tersebut, 15 ribu di antaranya dibeli oleh investor lokal dengan menggunakan broker yang sama.

Aksi pembelian ini membuat harga saham BLTA naik Rp 15 atau 6,25% menjadi Rp 255.

1	YU	CIMB-GK SECURITIES INDONESIA	268	122,536	249.40	23	5,906	249.49	116,630	128,442
2	YP	ETRADING SECURITIES	271	34,163	247.41	249	23,359	246.88	10,804	57,522
3	GR	PANIN SEKURITAS TBK.	85	21,862	248.43	45	12,314	247.83	9,548	34,176
4	KK	PHILLIP SECURITIES INDONESIA	59	16,968	246.38	88	8,638	246.01	8,330	25,606
5	SH	ARTHAVEST TBK.	6	7,044	248.58	3	205	245.05	6,839	7,249

88	AN	WANTEG SECURINDO	-	-	-	14	10,040	249.96	-10,040	10,040
89	LG	TRIMEGAH SECURITIES TBK.	52	5,773	248.15	92	28,835	247.64	-23,062	34,608
90	PD	INDO PREMIER SECURITIES	218	19,635	249.10	265	51,871	247.36	-32,236	71,506
91	PG	PANCA GLOBAL SECURITIES TBK.	1	10	245.00	157	65,350	247.68	-65,340	65,360

Diborong Deutsche Securities, Saham BBTN Masuk Fase Akumulasi

Saham PT Bank Tabungan Negara Tbk (BBTN) mulai memasuki fase konsolidasi naik, setelah sempat tertekan hingga di posisi Rp 1.820 (titik resisten) yang selalu gagal ditembus. Mulai hari ini, proses akumulasi terjadi, diwarnai oleh aksi borong broker Deutsche Securities Indonesia sebanyak 21.585 lot di harga rata-rata Rp 1.885. Broker ini mengakumulasi saham BTN di kisaran harga Rp 1.880-1.890. 

Harga saham BBTN ditutup naik Rp 70 atau 3,85% menjadi Rp 1.890. Sedangkan Credit Suisse Securities Indonesia mengakumulasi saham BBTN mulai di harga Rp 1.830 hingga Rp 1.890, dengan volume yang dibeli sebanyak 7.134 lot, tanpa menjual sama sekali.

1	DB	DEUTSCHE SECURITIES INDONESIA	335	21,585	1,885.69	83	9,500	1,879.35	12,085	31,085
2	DR	NUSADANA CAPITAL INDONESIA	281	10,804	1,875.77	75	3,217	1,878.03	7,587	14,021
3	CS	CREDIT SUISSE SECURITIES INDONESIA	248	7,134	1,882.03	-	-	-	7,134	7,134
4	SH	ARTHAVEST TBK.	95	3,250	1,893.48	3	200	1,880.00	3,050	3,450
5	OD	DANAREKSA SEKURITAS	145	5,333	1,877.67	169	3,691	1,880.90	1,642	9,024

89	KK	PHILLIP SECURITIES INDONESIA	140	9,654	1,855.20	354	12,081	1,887.81	-2,427	21,735
90	CC	MANDIRI SEKURITAS	30	774	1,879.15	160	4,905	1,878.93	-4,131	5,679
91	ML	MERRILL LYNCH INDONESIA	48	76	1,877.24	1	5,400	1,850.00	-5,324	5,476
92	SQ	DINAMIKA USAHAJAYA	-	-	-	32	6,892	1,877.12	-6,892	6,892

JP Morgan Kembali Borong 230 Ribu Lot Saham Adaro Energy

JP Morgan Securities Indonesia memborong 230.104 lot saham PT Adaro Energy Tbk di harga rata-rata Rp 2.053. Aksi pembelian dilakukan oleh 3.103 investor asing JP Morgan.


Jika dibandingkan dengan posisi kedua broker pemborong, yakni Merrill Lynch Indonesia, yang hanya membeli 11.082 lot (Rp 2.050), aksi beli yang dilakukan oleh JP Morgan terlihat sangat mencolok. Investor asing JP Morgan terus memborong saham ADRO dari sejak harganya berada di Rp 2.025 hingga Rp 2.100.


Lihat berita juga:
1. JP Morgan Downgrade Adaro To Rp 1.700 edisi 3 September 2010
2. JP Morgan Borong 200 Ribu Lot Saham Adaro Energy edisi 6 September 2010

1	BK	J.P MORGAN SECURITIES INDONESIA	3103	230,104	2,053.69	1	51	1,991.00	230,053	230,155
2	ML	MERRILL LYNCH INDONESIA	164	11,082	2,050.71	6	276	2,050.00	10,806	11,358
3	BW	BNP PARIBAS PEREGRINE	43	3,000	2,058.33	1	84	2,025.00	2,916	3,084
4	LG	TRIMEGAH SECURITIES TBK.	62	10,247	2,025.53	168	7,601	2,049.28	2,646	17,848
5	XL	MAHAKARYA ARTHASECURITIES	8	2,657	2,070.72	2	80	2,037.50	2,577	2,737

101	NI	BNI SECURITIES	42	680	2,040.07	364	14,313	2,041.49	-13,633	14,993
102	YP	ETRADING SECURITIES	115	1,724	2,044.81	705	15,530	2,041.04	-13,806	17,254
103	YU	CIMB-GK SECURITIES INDONESIA	2	14,272	1,996.22	62	30,732	2,019.64	-16,460	45,004
104	KI	CIPTADANA SECURITIES	9	290	2,067.24	130	21,246	2,044.12	-20,956	21,536
105	CC	MANDIRI SEKURITAS	23	444	2,033.78	77	22,985	2,059.61	-22,541	23,42

CLSA Indonesia Borong 84 Ribu Saham TINS

Harga timah dunia yang terus naik dan mencapai US$ 22.855 membuat investor asing memburu saham PT Timah Tbk (TINS), sebagai salah satu produsen timah terbesar dunia. Akibatnya, harga saham TINS naik Rp 300 atau 11,88% menjadi Rp 2.825 atau rekor tertinggi baru.

Broker pembeli didominasi oleh investor asing. Di urutan pertama, CLSA Indonesia memborong 84.052 lot di harga rata-rata Rp 2.745. Pembelian dilakukan oleh nasabah lokal CLSA.

  Investor asing memborong TINS melalui broker Credit Suisse Securities Indonesia yang membeli 35.833 lot (Rp 2.695), Deutsche Securities Indonesia 17 ribu di harga Rp 2.700, JP Morgan Securities 14 ribu di harga Rp 2.628, dan UBS Securities Indonesia 14.870 lot di harga rata-rata Rp 2.709.

Aksi jual justru banyak dilakukan oleh investor lokal. BNP Paribas  mencetak volume penjualan terbanyak, yakni 29.243 lot dan CIMB-GK Securities Indonesia 42.833 lot.

Dengan terus naiknya harga timah dunia karena pasokan yang terbatas, saham TINS memiliki prospek yang bagus untuk dikoleksi. Paling tidak, dalam beberapa hari ke depan, harga saham ini akan tembus Rp 3.000-3.300.

1	KZ	CLSA INDONESIA	982	84,052	2,745.12	4	876	2,808.56	83,176	84,928
2	CS	CREDIT SUISSE SECURITIES INDONESIA	534	35,833	2,695.43	13	1,030	2,750.00	34,803	36,863
3	KK	PHILLIP SECURITIES INDONESIA	333	23,994	2,727.27	209	5,996	2,679.61	17,998	29,990
4	DB	DEUTSCHE SECURITIES INDONESIA	74	17,000	2,700.00	-	-	-	17,000	17,000
5	BK	J.P MORGAN SECURITIES INDONESIA	100	14,000	2,628.53	-	-	-	14,000	14,000
6	AK	UBS SECURITIES INDONESIA	130	14,870	2,709.82	14	1,636	2,823.03	13,234	16,506

106	BJ	ANDALAN ARTHA ADVISINDO SEKURITAS	9	5,000	2,585.00	89	15,811	2,670.01	-10,811	20,811
107	GR	PANIN SEKURITAS TBK.	20	1,042	2,740.33	160	18,841	2,775.47	-17,799	19,883
108	YU	CIMB-GK SECURITIES INDONESIA	237	21,788	2,718.14	260	42,833	2,691.97	-21,045	64,621
109	BW	BNP PARIBAS PEREGRINE	12	1,104	2,775.00	154	29,243	2,729.90	-28,139	30,347

Indonesian Stock Market Overweight by Credit Suisse

Thailand, Indonesia and the Philippines stock markets, or TIPs,  still having potential upside. The three markets had started the year as the most undervalued according to Credit Suisse’s model, Sakthi Siva wrote in the report.

She continues to “overweight” the three markets, saying that several industries remain “undervalued.” In Thailand, which is still among the four cheapest in Asia, investors can find the biggest discounts in energy and financial companies, according to the brokerage. Telecommunications stocks offer the biggest discount in the Philippines while coal is the only industry trading at a discount in Indonesia, the strategist said.

 

Investors should reduce holdings in the “overvalued” industries in Thailand, Indonesia and the Philippines following a rally that helped the markets to the biggest gains in Asia this year, Credit Suisse Group AG said. 

The Jakarta Composite Index reached a record high yesterday, having advanced 32 percent this year, the best performer among the 15 largest Asia Pacific markets. It’s followed by a 31 percent gain in the Philippine Stock Exchange Composite Index, also at a record today, and a 26 percent rally in Thailand’s SET Index, which this month reached the highest since November 1996. 

Thailand, Indonesia and the Philippines, or TIPs, “are the best performers year-to-date and more importantly above their 2007 highs,” Sakthi Siva wrote in the report. “We suggest investors take profits in the most overvalued sectors.” 

Consumer staples, consumer cyclicals and industrials are the three most overvalued industries in Indonesia, based on a model that compares price to book value against return on equity, said Siva, who was ranked first for equity strategy in Institutional Investor’s 2010 Asian poll. Property stocks are the most expensive in the Philippines, while consumer cyclicals are the most overvalued in Thailand, according to the report.

‘Resilient Markets’

Stock markets in Thailand, Indonesia, the Philippines and Malaysia have been “remarkably resilient” and investor interest may increase, drawn by Southeast Asia’s economic growth and an equities rally, JPMorgan Chase & Co. wrote in an Aug. 10 report. The region will “remain a magnet for inflows” after having outperformed this year, the brokerage also said on Sept. 3.

Palm Oil Stockpiles in Malaysia Surge 23%, More Than Expected, in August

Palm oil stockpiles in Malaysia, the world’s second-largest producer, jumped a more-than-expected 23 percent in August, the first monthly advance this year, after exports slumped and production increased. 

Inventories climbed to 1,723,262 metric tons from 1,405,740 tons in July, the Malaysian Palm Oil Board said in a statement today. That was the first increase since December, board data show. Output rose 5.7 percent to 1,605,662 tons, the fourth monthly gain, while exports tumbled 18 percent to 1,211,326 tons, dropping for the first time in four months. 

“The inventory level is bigger than most market analysts were expecting,” said Govindlal G. Patel, director of Dipak Enterprise, a trader of vegetable oils, by phone from Rajkot in India. “This may a trigger a correction in palm oil prices.” 

November-delivery futures fell as much as 0.5 percent to 2,629 ringgit ($845) a ton on the Malaysia Derivatives Exchange today and ended the morning session at 2,647 ringgit. Prices may decline to as low as 2,575 ringgit a ton in the next two sessions, Patel said. 

Exports from Malaysia increased 5.4 percent in the first 15 days of September to 653,077 tons from 619,425 tons in the same period in August, Intertek said in an e-mail today.

Production may climb by 5 percent this month, adding to stockpiles, Patel said. 

A drawdown in inventory in Indonesia, the biggest producer, because of higher exports in August may support prices, he said. Buyers of the tropical oil from Indonesia boosted purchases in August before the nation doubled the export tax to 6 percent in September, he said. 

Vegetable oil imports by India, the top user after China, reached a record last month after traders built inventories to meet festival demand. Shipments surged 64 percent to 1.07 million tons from 650,603 tons a year earlier, the Solvent Extractors’ Association of India said yesterday by e-mail. 

Palm oil has rebounded 17 percent since dropping to the lowest level in almost eight months on July 7, on speculation that demand will increase in Asian nations and harvesting in Malaysia and Indonesia will be disrupted in November and December should La Nina cause flooding in growing areas.Source: Bloomberg

Indonesia's Auto Sector Continues To Thrive On Domestic Demand, With Sales In H110 Rising 76% Year-On year (Y-O-Y) To 370,208 Units

Indonesia's auto sector continues to thrive on domestic demand, with sales in
H110 rising 76% year-on-year (y-o-y) to 370,208 units, prompting BMI to raise
our full-year sales forecast to nearly 680,000 units, representing growth of
40.6%. 

BMI's forecasts also show sales of 962,830 units by the end of our
forecast period in 2014, based on steady average annual growth of around 9% for
the next five years after this year's correction from a 20% decline in 2009. Our
view for sustained economic growth (and private consumption, in particular)
backs up this projection of strong vehicle sales. 

Indonesia is also gaining ground as the biggest market in the ASEAN region. Despite Thailand's highest
monthly sales for a decade in June, the H110 total of 356,692 units (up 54.1%)
came second to Indonesia's 370,208 units. 

Meanwhile, affordable financing and underinvestment in public transport,
particularly in the capital Jakarta, have been cited as factors behind
Indonesia's thriving motorcycle segment, which BMI expects to grow an annual
average of 14% over the next five years. According to official statistics, there
were 8.09mn motorcycles registered in Jakarta in May, which is just short of the
city's 8.5mn population. Based on BMI's forecast for this year, a total of
1.36mn could be added by the end of the year. Interestingly, the country's
passenger car segment, the largest in South East Asia, has not been impacted by
the growth in motorcycle use. Where some markets have seen a switch from
motorcycles to smaller cars, both segments are booming in Indonesia. 

Despite its strong vehicle sales growth, Indonesia stays in eighth place in
BMI's Business Environment Ratings for the auto sector in Asia Pacific on 53.9
from a possible 100. It is the region's largest passenger car market and as
such, will always have an appeal for investors. Low labour costs, and a
competitive environment with room for new players, increase Indonesia's
attractiveness, as do its regulations on intellectual property rights (IPRs),
which boost its regulatory environment rating. The country's risk scores act as
a hindrance however, with low scores for corruption, bureaucracy and the legal
framework. In terms of the competitive landscape, Toyota Motor has a
considerable advantage, as it led the market in H110 with sales of 140,184
units, up 77.4%. Toyota benefits from competing in the popular MPV segment with
its Avanza and Kijang Innova models, joined by the newly launched Alphard
premium MPV. Any potential incentives for hybrid sales would also open the door
for its Prius and Auris hybrid models. It also has an interest in the compact
segment through its mini car brand Daihatsu, which ranked second overall behind
its parent in H110, with sales of 54,573 units, up 58.1%. Source: Reuters

BRI sees 9 month net profit over 6 trln rph

PT Bank Rakyat Indonesia (BBRI), Indonesia's second biggest lender by assets, said on Thursday it expects net profit in the first nine months of 2010 to be over 6 trillion rupiah ($667.7 million).

This would be at least a 13 percent rise versus net profit in the same period last year of 5.3 trillion rupiah. The bank's first half 2010 profit rose 23 percent to 4.3 trillion rupiah. Source: Reuters

Indonesia's 2010 coal output seen falling 10-20 pct

* Rains hamper mining, seen leading to further output loss

* Govt says rains likely to hurt exports

Indonesia, the world's top thermal coal exporter, said on Thursday coal production this year may fall 10-20 percent from an initial target of 254 million tonnes as heavy rains hampered mining.

The likely fall in Indonesian coal exports may tighten a regional market that has been dampened by tepid Chinese demand in recent weeks.

"The rainy season seems to have continued and many coal producers have reported halting mining activities. Production could fall between 10 to 20 percent," Bambang Gatot Aryono, a director at the mines and energy ministry, told reporters.

He said first half 2010 coal output this year was 115 million tonnes. Indonesia produced 250 million tonnes of coal in 2009.

Aryono said the fall in production will have an impact on exports, but gave no details.

Indonesia has been hit by unseasonally heavy rains during what is normally the dry season of July to September, hitting output of coal, tin and other metals from miners such as Bayan Resources (BYAN). Source: Reuters