Dalam Sebulan, Laba Bank BUMN Bertambah Rp 2,5 Triliun

Selama sepuluh bulan 2010, empat bank BUMN berhasil mencetak laba bersih sebesar Rp 18,69 triliun atau naik 15,38% dari bulan sebelumnya (September 2010) yang mencapai Rp 16,2 triliun. Dengan demikian, dalam sebulan saja, laba bersih bank-bank persero naik Rp 2,49 triliun.

Demikian data statistik perbankan edisi Oktober yang dipublikasikan Bank Indonesia melalui situsnya, hari ini. Keempat bank BUMN tersebut adalah Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), dan Bank Tabungan Negara (BTN).

Berdasarkan laporan publikasi kinerja kuartal III-2010, laba Bank Mandiri mencapai Rp 6,3 triliun, Bank BRI Rp 6,65 triliun, BNI Rp 2,95 triliun, dan BTN Rp 597 miliar. Total laba keempat BUMN itu mencapai Rp 16,54 triliun.

Sedangkan laba yang berhasil diraup industri perbankan nasional mencapai Rp 49,06 triliun, naik 28% dibandingkan Oktober 2009 yang sebesar Rp 38,32 triliun

Lihat detail statistiknya di sini.

Mandiri Investasi gets license to sell investments in Singapore

Mandiri Investasi, the asset management arm of Indonesia's Bank Mandiri , said on Wednesday it plans to sell mutual funds in Singapore, Malaysia and Thailand as part of a plan to get 20 percent of assets from outside its home base.

Mandiri Investasi has obtained a license to sell investment products in the city-state and is in the process of registering several funds with the Monetary Authority of Singapore, President-Director Abiprayanto Riyanto said at a media briefing in Singapore.

"We will focus first on Singapore and see what we can learn from the process," he said, adding the firm will then move on to Malaysia and Thailand.

The firm hopes to raise money from investors keen on tapping Indonesia's rapid economic growth through the country's stock and bond markets.

Mandiri Investasi is Indonesia's largest homegrown fund manager with assets under management of $2.1 billion. Almost all the money it manages comes from Indonesian investors, and the firm hopes to grow the non-Indonesian component to 20 percent in five years.Source: Reuters

Indonesia's Telkom says in talks to acquire Cambodia's CamGSM

* Telkom seeks majority stake in top Cambodia mobile firm

* CamGSM valued at about $1 billion - source

* Telkom expects to complete deal by Q1 2011

* Would be first major overseas acquisition by Telkom

PT Telekomunikasi Indonesia , Indonesia's biggest telecommunications company, said on Wednesday it is in talks to acquire a majority stake in Cambodia's largest mobile operator CamGSM in a deal that could be worth over $500 million. 

The planned acquisition, which values CamGSM at about $1 billion according to a source with knowledge of the deal, would be Telkom's first major acquisition overseas after a failed bid to acquire Iran Telecommunication Company last year. 

"I hope that the process of acquisition will be completed by the first quarter next year," Tanri Abeng, Telkom's chief commissioner, told Reuters. 

"We've made it through the bidding process and we're now in talks to get financial details done, but we are surely going to take a majority stake," Abeng said, declining to give any financial details. 

CamGSM, established in 1996 between Millicom Group and Cambodia's Royal Group, is the largest mobile operator in Cambodia through its Mobitel and Cellcard brands.

Mobitel's CEO David Spriggs declined to comment on the deal.

Millicom sold its 58.4 percent stake in the firm last year to Royal Group for $346 million in cash. 

Telkom's plan to acquire a majority stake in CamGSM is part of the company's strategy this year to find acquisition opportunities in the region as the once-buoyant Indonesian market is starting to mature.Source: Reuters

SOBI Akhirnya Dijual ke Cargill Seharga Rp 3.500/saham

PT AKR Corporindo (AKRA) melepas 629,166,945 saham (68.82%) di Sorini Agro Asia Corporindo Tbk (SOBI) kepada Cargill Asia-Pacific. Dalam penjualan itu, AKRA meraup dana sebanyak Rp 2,2 triliun.

Transaksi itu dilakukan di harga premium, Rp 3.500 per lembar saham. Lebih tinggi dibandingkan harga pasar sebesar Rp 3.275 per lembar saham.

"Rencana ini akan dibawa ke RUPS perseroan di Januari 2011 untuk diminta persetujuan pemegang saham," kata Presiden Direktur AKRA Haryanto Adikoesoemo dalam siaran persnya, Rabu (15/12).

Ia menambahkan, setelah penjualan saham ini perseoran akan memfokuskan bisnisnya ke sektor energi, distribusi kimia, dan infrastruktur logistik. Dana hasil penjualan saham ini akan digunakan perseroan mengembangkan bisnis utamanya

Sorini merupakan salah satu produsen Sorbitol cair dan serbuk yang mengoperasikan 7 pabrik di sekitar Jawa Timur dan Lampung. Sorbitol merupakan bahan baku berbagai produk konsumer seperti bahan makanan, kosmetik dan obat-obatan.

Haryanto berharap, Sorini bisa berkembang terus menjadi perusahaan kelas dunia di bawah bimbingan Cargill. Untuk menyelesaikan transaksi ini, sesuai dengan regulasi pasar modal Indonesia, Cargil akan melakukan mandatori tender offer untuk menguasai sisa kepemilikan saham Sorini.

"Akuisisi ini akan menjadi titik awal perkembangan bisnis bahan makanan di Asia, terutama di Indonesia dan Asia Tenggara," ujar Presiden dan Direktur Regional Cargill Asia-Pacific Bram Klaeijsen.

Isu akuisisi Sorini oleh Cargill sebetulnya sudah beredar sejak 24 Agustus 2010 dan telah dimuat di blog ini. Namun ketika itu, kabar akuisisi baru sebatas dari sumber.

Lihat berita terkait:

Cargill eyes stake in Indonesia's Sorini-sources

TV5 owner to invest in Indon broadcast firm

ABC Development Corp., which runs TV5, is buying into Indosiar, a publicly-listed national television station in Indonesia majority owned by Anthoni Salim, chairman of First Pacific Co. Ltd.

“We will partner with Indosiar. This will be an investment by TV5,” said president Ray Espinosa at a press briefing yesterday.

He did not disclose further details but said this was going to take place after TV5 has commenced its international business, which means expanding its reach as far as Europe, North America, Middle East and Japan.

“For our global business, we will form an international company via a joint venture with PLDT [Philippine Long Distance Telephone Co.]. This expands our reach in the international side. We plan to launch this in the first quarter of next year. Also, TV5 will be present in the region via an investment in Indosiar,” explained Espinosa.

Indonesia is the fourth most populous country in the world. The media investment of TV5 is sure to fuel the organization’s aim to be multimedia leader in Asia. “This will allow us to work closely with Indosiar. This is in line with our goal to be a multimedia company,” added Espinosa.

Earlier, PLDT chairman Manuel V. Pangilinan said he and Anthoni Salim, chairman of the phone giant’s parent firm First Pacific, were in discussion to forge a partnership involving the broadcast firms.

Pangilinan said both firm at an exchange of the networks’ talents. After all, Pangilinan said, there are synergies between the two TV outfits.

Indosiar’s parent company, PT Indosiar Karya Media Tbk, is a member company of the Salim Group conglomerate. PLDT, meanwhile, is owned by First Pacific and Japan’s NTT Communications and NTT DoCoMo.

“I have talked to him. I told him if he wants we can just put the two together so we can share each others’ talents. Our journalists are the best in the region. It’s very easy to learn Bahasa Indonesia. We have been talking about it and I told him that we are interested to help you….Maybe put the two stations together or MediaQuest to invest there,” Pangilinan had said.

Espinosa added that TV5 is expected to post between P850 million and P900 million in revenues this year. The bulk of the projected revenues will mainly come advertising revenues of TV5 programs. “In two years, we are probably going to be Number 1 and by middle of next year we would have already covered 95% of national urban areas,” added Espinosa.

MediaQuest is the media holding company of the PLDT retirement fund.

The broadcasting firm, which is more known as TV5, is confident it would hit the numbers by the end of the year, Espinosa told reporters.

The company official said TV5 is spending P7 billion in capital expenditure for broadcast transmission, network and operations, inclusive of new studios and offices this year. 

MediaQuest, he added, will continue to invest in expanding TV5 to be able to achieve its target of being the Number 1 broadcasting network in the country in the next 3 years.

“We will be expanding, same as the reach and strength of the two leading broadcasting networks, by rolling out in all areas where the two networks are present,” he said.

MediaQuest holds a 100% stake in TV5, the television network of former PLDT chairman Antonio “TonyBoy” Cojuangco, and Primedia Inc., the broadcasting firm’s block airtimer. The acquisition cost MediaQuest about P5 billion. Source: ABS-CBNNews

Rekomendasi Beberapa Sekuritas, 15 Desember 2010

Untuk perdagangan Rabu, 15 Desember 2010, tiga sekuritas ternama memberikan ulasan terhadap kondisi bursa, berikut saham-saham pilihan yang patut dicermatin oleh para investor. Berikut rinciannya.

1. E-Trading Securities

Pada perdagangan Selasa, IHSG melemah 2,5 poin (0,06%) ke level 3.689. IHSG masih didominasi oleh pergerakan saham-saham lapis ketiga dan pergerakan cukup menarik terjadi pada saham ADHI. Indeks telah membentuk pola spinning top dan memerlukan konfirmasi pada perdagangan hari ini. IHSG masih akan bergerak dalam kisaran 3.670–3.751, dengan mencermati saham-saham lapis kedua dan ketiga, serta blue chips yang telah memberikan sinyal pembalikan arah (reversal) seperti ASII dan TLKM.

2. Reliance Securities

Menjelang berlangsungnya pertemuan FOMC dan keluarnya Tankan Survey, indeks saham di kawasan Asia kemarin bergerak cenderung flat. IHSG ditutup turun 2,5 poin (0,06%) ke level 3.689,7 dan investor asing memcatatkan net sell Rp 172,1 miliar. Secara teknikal, hari ini IHSG berpotensi rebound dan berada di kisaran 3.678–3.702, dengan saham pilihan di antaranya ASII, BDMN, BBCA,dan UNVR

3. Trimegah Securities

Kenaikan harga saham-saham perbankan telah menopang laju IHSG pada sesi I perdagangan kemarin. Namun, seiring masih kuatnya sentimen negatif di pasar, IHSG kembali tertekan dan ditutup dengan koreksi tipis. Dengan membentuk candle doji, IHSG membuka peluang rebound, meskipun kekhawatiran akan berlanjutnya tekanan jual masih ada, mengingat tren penurunan stochastic yang belum berakhir. Hari ini, IHSG akan bergerak di kisaran 3.675-3.717, dengan saham pilihan BMRI, HEXA, dan INDF.

Rekomendasi HD Capital, 15 Desember 2010

Untuk perdagangan Rabu, 15 Desember 2010, HD Capital merekomendasikan empat saham pilihan, yakni Adaro Energy (ADRO), Bank Negara Indonesia (BBNI), Latinusa (NIKL), dan Semen Gresik (SMGR).

BUY: (ADRO, BBNI, NIKL, SMGR)

• Molornya pembatasan BBM subsidi kepada mobil pribadi hingga 3 bulan lagi (sebelumnya ditakutkan hal ini akan mendorong kenaikan inflasi 1% untuk bulan Desember) membuat investor merasa lega.

• Sektor konsumer dan perbankan harusnya merasakan dampak positif dari keputusan di atas.

• IHSG close (14-12) 3.689.668 (-6.953/-0.18%) (Val.Rp.5.6T)

• Support: 3.640-3.575, Resistance: 3.750-3.800-3.850

 

Stock picks:

1.    Adaro Energy (ADRO): (BUY) (Target: Rp 2.700) (close 14/12 Rp 2.550)

• Kenaikan harga komoditas seperti batubara ke US$ 115/ton belum sepenuhnya tercermin dalam sensitivitas proyeksi laba persero yang dapat menurunkan PER pasca kenaikan jumlah proyeksi laba (earnings).

• Pasar masih optimistis terhadap outlook karet dan harga CPO yang dapat offset penurunan produksi sehingga menaikan proyeksi laba 2010 & 2011F sebesar 6,1% dan 13%.

• Entry: (1) Rp 2.525, Entry (2) Rp 2.450, Cut loss point: Rp 2.350

 

2.   Bank BNI (BBNI) (BUY): (Target: Rp 4.050) (Close 14/12 Rp 3.850)

• Koreksi akibat rights issue selama lebih dari sepekan telah membawa BBNI ke daerah jenuh jual, rekomen akumulasi untuk teknikal rebound dari oversold area karena beberapa katalis positif seperti NPL recovery & ekspansi kredit pasca dana rights masih dapat berjalan di 2011

• Outlook suku bunga BI rate yang tidak berubah banyak di 2011 juga mendukung penyaluran kredit tinggi.

• Entry (1) Rp 3.800, Entry (2) Rp 3.700, Cut loss point: Rp 3.600

 

3.   Latinusa (NIKL) (BUY): (Target: Rp 480) (Close 14/12 Rp 450)

• Bila koreksi minor berlanjut rekomen akumulasi emiten packaging ini sebagai consumer proxy dengan valuasi PER 2011F di 14x & PBV 2.7x yang jauh di bawah consumer consensus HD di PER 21x & PBV 4.4x 2011F

• Entry: (1) Rp 440, Entry (2) 430, Cut loss point: Rp 425

 

4.   Semen Gresik (SMGR) (BUY) (Target: Rp 9.700) (close14/12 Rp 9.400)

• Outlook pertumbuhan semen yang masih optimistis serta valuasi PER/PBV 2010 yang termurah di sektornya versus INTP & SMCB membuat Semen Gresik layak akumulasi pasca pullback koreksi minor ini untuk antisipasi technical rebound.

• Entry: (1) Rp 9.300, Entry (2) Rp 9.200, Cut-loss point: Rp 9.050

   

Dibuat oleh:

Yuganur Wijanarko

Senior Research HD Capital. (Yuganur@hdx.co.id)