Garibaldi Thohir Turut Jual 97,5 Juta Saham Adaro Energy

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.


Sebelumnya, pada 15 Oktober 2010, TP Rachmat juga melepas 17 juta ADRO yang dimilikinya. Lihat berita: TP Rachmat Jual 17 Juta Saham Adaro Energy.

Sandiaga Jual 27,5 Juta Saham Adaro Energy

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. 

Sebelumnya, pada 15 Oktober 2010, TP Rachmat juga melepas 17 juta saham ADRO yang dimilikinya. Lihat berita: TP Rachmat Jual 17 Juta Saham Adaro Energy.

Adhi Karya Raih Kontrak Baru Rp 8,1 Triliun

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.

SCMA Akuisisi Bangka TV

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.

Adaro eyes $603-628 mln capex in 2011

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

Bank Mandiri sees 2011 loan growth at about 23 pct

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

BRI sees 2011 loan growth at 22 pct vs 20 pct in 2010

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

Jasa Marga sees 4.8 trln rph 2011 revenues

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 to soon issue new underground mining rules

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 Ends 2010 at Highest in 15 Years on Vegetable Oil Supply Outlook

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

Indonesia Central Bank moves to mop up excess liquidity

* 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

Bayan in talks with Kangaroo on coal/asset deal

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

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

Rekomendasi HD Capital, 30 Desember 2010

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)

• Support: 3.570-3.520, Resistance: 3.670-3.770-3.800

Stock picks:

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

Dibuat oleh:

Yuganur Wijanarko

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