PT Indika Energy Tbk diberi perpanjangan waktu oleh Bapepam-LK hingga akhir Januari 2012 untuk memenuhi kewajibannya mengalihkan saham Petrosea kepada publik sebesar 16,6% atau sekitar 16.743.720 saham.
Adapun batas waktu sebelumnya adalah 28 Agustus 2011. Namun kemudian manajemen INDY mengajukan permohonan perpanjangan waktu karena sentimen negatif pasar keuangan/finansial global yang menghambat perseroan untuk memenuhi kewajiban divestasinya. Sentimen negatif pasar finansial global ini telah membawa pengaruh penurunan seluruh indeks pasar modal di seluruh dunia.
Adapun surat Bapepam-LK yang memenuhi permohonan INDY diterima perseroan pada 25 Agustus 2011. Demikian keterbukaan informasi yang disampaikan Sekretaris Perusahaan INDY Dedy Happy Hardi, kemarin.
Saturday, August 27, 2011
Thai PTT eyes stake in Indonesia's Chandra Asri - source
Thailand's top energy firm, state-controlled PTT Pcl , wants to buy a stake in Indonesian petrochemicals maker PT Chandra Asri as part of its foreign expansion drive, a source at the Energy Ministry said on Friday.
"PTT group has shown interest and is studying the possibility of buying the stake in the Indonesian petrochemical firm from Temasek," the source, who declined to be identified, told Reuters.
"This should be the starting point for PTT to expand into the petrochemical business in Indonesia," he said, adding PTT group was not yet in talks with the seller and had not mandated any financial adviser for the moment.
Singapore state investor Temasek Holdings is trying to sell its 23 percent stake in the Indonesian petrochemicals maker in a deal worth $400 million, two sources with direct knowledge of the deal told Reuters recently.
The market had expected PTT Chemical Pcl , a flagship in the petrochemical business of PTT group, to be interested in the stake, and another potential buyer was Siam Cement , Thailand's top conglomerate.
PTT Chemical declined to comment on the report.
Siam Cement is also expected to be among bidders for Indonesian chemical producer Sulfindo Adiusaha in a potential $700 million deal, a source familiar with the matter said earlier this week.
Siam Cement declined to comment on both deals.
PTT and Siam Cement are major Thai companies which have been aggressive in looking for opportinuty to buy assets overseas especially in Southeast Asia.
PTT Chemical has said it wanted to focus on markets in Vietnam, Indonesia and the Philillpines, which are its export markets.
PTT Chemical has capacity for 2.88 million tonnes of olefins products a year and it is in the process of merging with another PTT affiliate, PTT Aromatics and Refining Pcl , expected to be competed in October.
At 0929 GMT, PTT Chemical shares were up 3.6 percent, while the broad market was 0.75 percent higher. ($1 = 29.99 Baht). Source: Reuters
Friday, August 26, 2011
Indonesian palm oil refiners the winners after tax move
* Refiners, down-stream business gets boost from tax changes
* Indonesian palm oil industry wins upperhand over Malaysia?
* Wilmar, SMART among those likely to benefit
Indonesian palm oil refiners and other downstream firms will be the big winners after the world's top producer made changes to its export taxes this week, analysts and traders said on Friday.
Southeast Asia's biggest economy will cut the export tax cap on crude palm oil (CPO) to 22.5 percent from 25 percent previously, and on palm oil products (olein) to 13 percent from 25 percent from Oct. 1.
"If the palm products export tax is slashed from 25 percent to 13 percent, that appears to be quite a significant reduction," said commodities analyst Chen Xin Yi at Barclays Capital.
"At a broader policy level, it makes sense to promote more downstream, value-added industries and refineries will be one of them.
"In the absence of any changes to Malaysian CPO and palm product export tax structure, and assuming that Indonesian and Malaysian refiners had so far been price competitive, my preliminary assessment is that Indonesian refineries would have an advantage over Malaysian refineries."
Indonesia outpaced Malaysia to become the top palm oil producer in 2007, and is expected to produce about 23 million tonnes this year.
Exports from the archipelago of 17,000 islands are seen at 17 million tonnes in 2011, with India a top buyer.
The CPO export tax, set at 15 percent for September, is aimed at securing domestic supply and reducing volatility in cooking oil prices.
Trade ministry and industry officials meet every month to decide the tax rate for the following month, using the average spot crude palm oil prices in Rotterdam in the preceding 30 days as a reference price.
The new export rate will be calculated based on CIF Rotterdam prices, Malaysian benchmark and Jakarta future prices, according to a finance ministry document seen by Reuters.
"The Indonesian CPO producers will now have a greater incentive to sell domestically to the refiners, rather than exporting," said Xin Yi.
REFINERIES RULE?
Firms with extensive palm interests in Indonesia include Singapore's Wilmar , the world's largest listed palm oil firm, and Sinar Mas Agro Resources and Technology (SMART) .
The government said earlier this year that Wilmar would invest $900 million to build factories in Indonesia to produce palm products such as soap and margarine.
Palm oil giant SMART plans to invest up to 9 trillion rupiah ($1 billion) until 2015 to make downstream products, the firm said in late March.
"Indonesian refiners gain a much higher refining margin," said a Jakarta-based trader. "This will enable them to reduce their prices and compete with Malaysia."
(Refiners) have been lobbying intensely," he added. "They hav been expanding their downstream hugely over the past year or already have plans underway as early as this year."
He added that Malaysia, may now be forced to reduce CPO prices to enable its refiners to be more competitive. ($1 = 2.988 ringgits). Source: Reuters
Fitch Adaro Ratings No Immediate Impact on Acquisition Step
Adaro Indonesia is rated Long-Term Foreign and Local Currency Issuer Default 'BB+' with Stable outlooks. Its US$ 800 million senior notes due in 2019, guaranteed by Adaro Energy, are also rated 'BB+'.
The acquisition is to be funded by drawing down on existing credit facilities of Adaro Indonesia. In Fitch's view, the immediate increase in debt and associated interest does not significantly affect Adaro Indonesia's financial profile.
The company is yet to announce details of the coal resources acquired and associated development costs or any guidance on coal production from this venture. Fitch will review the ratings once these details are made available.
Both Adaro Energy and Adaro Indonesia continue to display strong financial profiles, including robust liquidity. Both companies reported improved financial results for the six months ended June 2011 due to higher coal production and stronger selling prices relative to 2010.
Fitch expects coal prices to remain robust and Adaro Indonesia to benefit from increasing production in the short- to medium-term. At end-June 2011, Adaro Indonesia's adjusted debt net of cash to operating EBITDAR and funds from operations interest coverage were 0.85x and 8.72x, respectively (0.83x and 8.71x, respectively for Adaro Energy).
Tuah Turangga Beli Tambahan 40% Saham Agung Bara Prima
PT Tuah Turangga Agung, anak usaha PT United Tractors Tbk, telah menandatangani perjanjian pengambilalihan 40% saham PT Agung Bara Prima, senilai US$ 10,6 juta pada 24 Agustus 2011. Dengan pembelian tambahan saham ini, TTA kini menguasai 100% saham Agung Bara Prima.
Agung Bara Prima adalah suatu perusahaan yang bergerak di bidang pertambangan batubara dan telah memperoleh izin usaha pertambangan operasi produksi berdasarkan surat keputusan Bupati Kapuas No 266/Distamben Tahun 2011, tanggal 20 Juli 2011 tentang persetujuan izin usaha pertambangan operasi produksi.
Lokasi pertambangan batubara ABP terletak di desa Buhut, Kecamatan Kapuas Tengah, Kapubaten Kapuas, Provinsi Kalimantan Tengah, dengan luas areal kurang lebih 1.271 hektare. Demikian keterbukaan informasi Sekretaris Perusahaan United Tractors Sara K Loebis kepada Bursa Efek Indonesia, hari ini.
Saham-saham yang dominan dibeli asing, 25 Agustus 2011
Saham-saham yang dominan dibeli asing, Kamis 25 Agustus 2011
Kode saham Volume Jual Beli
| ABDA | 463.000 | 0 | 250.000 |
| ACES | 134.000 | 0 | 94.000 |
| ADMG | 7.779.500 | 0 | 250.000 |
| AKRA | 17.778.000 | 537.500 | 6.859.500 |
| AMFG | 71.000 | 0 | 30.000 |
| AMRT | 27.500 | 0 | 15.500 |
| ASGR | 1.442.500 | 0 | 590.000 |
| ASRI | 71.817.000 | 10.093.000 | 39.000.000 |
| BBRI | 16.877.500 | 5.324.000 | 6.811.500 |
| BBTN | 1.039.500 | 240.000 | 490.500 |
| BHIT | 8.043.500 | 0 | 1.611.000 |
| BJBR | 6.002.000 | 0 | 150.500 |
| BMRI | 11.873.500 | 5.375.000 | 5.919.500 |
| BNBR | 74.414.500 | 801.500 | 6.472.500 |
| BRMS | 8.913.500 | 0 | 5.044.000 |
| BRPT | 623.000 | 15.500 | 219.000 |
| BSDE | 8.837.500 | 97.500 | 1.500.000 |
| BTPN | 462.500 | 0 | 51.500 |
| BVIC | 122.943.000 | 1.080.000 | 6.386.000 |
| BWPT | 2.959.000 | 0 | 1.020.000 |
| BYAN | 169.000 | 56.000 | 169.000 |
| CFIN | 4.889.500 | 0 | 1.400.000 |
| CLPI | 2.048.500 | 0 | 71.500 |
| CMNP | 39.262.500 | 5.525.000 | 10.378.500 |
| CTRA | 42.117.000 | 6.633.500 | 32.968.500 |
| CTRP | 3.544.500 | 0 | 1.971.500 |
| CTRS | 1.355.500 | 0 | 100.000 |
| DILD | 4.148.000 | 0 | 537.500 |
| DOID | 5.831.500 | 910.000 | 1.608.500 |
| ELTY | 200.714.500 | 75.000 | 1.040.000 |
| FASW | 307.000 | 0 | 15.000 |
| GGRM | 650.000 | 178.500 | 315.000 |
| GPRA | 20.938.500 | 0 | 10.000 |
| GZCO | 212.500 | 0 | 80.000 |
| HEXA | 61.000 | 0 | 28.000 |
| ICBP | 5.796.500 | 1.736.000 | 1.978.500 |
| INKP | 378.000 | 77.500 | 254.000 |
| INRU | 13.000 | 4.500 | 13.000 |
| INTA | 14.683.500 | 30.500 | 1.650.000 |
| ISAT | 742.500 | 543.500 | 558.000 |
| JPFA | 1.187.000 | 2.500 | 186.500 |
| KIJA | 140.999.000 | 460.000 | 48.956.500 |
| KKGI | 77.000 | 0 | 30.000 |
| LPKR | 75.227.000 | 250.000 | 23.280.500 |
| LSIP | 14.349.000 | 5.460.000 | 9.327.500 |
| MLIA | 27.000 | 0 | 25.000 |
| MNCN | 8.185.500 | 660.500 | 5.712.500 |
| MPPA | 991.000 | 94.500 | 400.000 |
| MYOH | 46.975.000 | 0 | 712.500 |
| PGAS | 77.753.000 | 10.042.500 | 26.001.500 |
| PTPP | 3.769.000 | 0 | 2.700.000 |
| PWON | 9.872.000 | 0 | 900.000 |
| RALS | 329.000 | 14.000 | 134.000 |
| SGRO | 720.000 | 0 | 510.000 |
| SIMP | 10.752.500 | 3.627.500 | 7.033.000 |
| SIPD | 22.168.000 | 0 | 2.200.000 |
| SMRA | 170.500 | 24.000 | 103.000 |
| SQMI | 1.586.000 | 0 | 76.000 |
| TBLA | 3.438.000 | 69.000 | 578.000 |
| TINS | 10.010.000 | 2.996.500 | 3.355.500 |
| TPIA | 611.500 | 50.000 | 97.500 |
| UNSP | 52.650.000 | 243.500 | 7.419.000 |
| VOKS | 111.000 | 0 | 110.000 |
| WINS | 2.191.000 | 0 | 1.675.000 |
Laba Bersih Perusahaan Gas Negara Semester I-2011 Naik 0,9%
PT Perusahaan Gas Negara Tbk (PGAS) mencetak kenaikan laba bersih yang tipis sebesar 0,9% pada semester I-2011 dibanding periode yang sama tahun lalu, yakni dari Rp 3,32 triliun menjadi Rp 3,35 triliun. Hal ini terjadi karena terjadinya sedikit penurunan pada pendapatan perseroan, yakni sebesar 1,16% menjadi Rp 9,41 triliun dan pada saat bersamaan beban pokok penjualan terjadi kenaikan sebesar 2,31% menjadi Rp 3,55 triliun.
Akibatnya, laba bruto PGAS turun 3,31% menjadi Rp 5,85 triliun. Pada saat yang sama, beban distribusi serta beban umum/administrasi naik masing-masing 18,02% dan 28,38%. Hal ini membuat total beban usaha PGAS pada semester I-2011 naik 21,62% menjadi Rp 1,8 triliun dibanding Rp 1,4 triliun pada semester I-2010.
Kenaikan beban usaha perseroan membuat laba operasional perusahaan tertekan sebesar 11,18% menjadi Rp 4,05 triliun. Namun, manajemen mampu memperkecil dampaknya terhadap laba sebelum pajak karena perseroan mengantungi laba atas perubahan nilai wajar derivatif neto sebesar Rp 199,97 miliar (dari rugi Rp 66,56 miliar), pendapatan keuangan dari Rp 117,32 miliar menjadi Rp 171,37 miliar, dan laba kurs sebesar Rp 68,14 miliar (dari tahun lalu rugi Rp 7,69 miliar).
| Aspek | Jun-10 | Jun-11 | % |
| Pendapatan | 9,52 | 9,41 | -1,16 |
| Beban pokok penjualan | 3,47 | 3,55 | 2,31 |
| Laba bruto | 6,05 | 5,85 | -3,31 |
| Beban distribusi | 0,949 | 1,12 | 18,02 |
| Beban umum dan adm | 0,532 | 0,683 | 28,38 |
| Total beban usaha | 1,48 | 1,8 | 21,62 |
| Laba operasi | 4,56 | 4,05 | -11,18 |
| Laba sebelum pajak | 4,46 | 4,43 | -0,67 |
| Laba bersih | 3,32 | 3,35 | 0,90 |
| Laba per saham | 132 | 134 | 1,52 |
Rekomendasi HD Capital, 26 Agustus 2011
Rekomendasi HD Capital untuk perdagangan Jumat, 26 Agustus 2011.
BUY: PGAS, BBCA, ASII, BKSL
- Koreksi yang disebabkan oleh ulah minusnya Dow Jones dan regional dapat membuka kesempatan akumulasi di saham big cap dan second liner yang akan terdiskon lumayan untuk mengisi simpanan portofolio dengan tujuan menjual di rebound pasca libur lebaran nanti.
- IHSG close (26-08) 3.844.46(-3.84/-0.16%) (Val.Rp.3.6T)
- Support: 3.780-3.700-3.650, Resistance: 3.950-4.020-4.125
Stock picks:
1. Perusahaan Gas Negara (PGAS) (BUY) (Target Rp 3.200) (Close 25/08 Rp 3.000)
- Koreksi yang terlalu tajam hingga membuat saham in memasuki kembali daerah oversold (jenuh jual) dan asing yang melakukan net buy tipis dapat menyimpulkan bahwa downside mulai terbatas sehingga bila masih ada penekanan rekomen akumulasi, apalagi fair value fundamental saham ini masih di atas Rp 3.500 (secara technical juga ada gap di Rp 3.600 yang belum terisi).
- Entry (1) Rp 2.900, Entry (2) Rp 2.700, Cut loss point: Rp 2.600.
2. Astra International (ASII) (BUY): (Target: Rp 70.500) (Close 25/08: Rp 67.400)
- Kegagalan untuk menutup kembali di atas resistance kunci di Rp 67.750 mengagalkan skenario untuk naik ke gap Rp 70.500, namun bila terjadi breakdown koreksi ke Rp 65.000 akibat penekanan regional rekomen akumulasi untuk skenario technical rebound.
- Secara fundamental tidak ada yang berubah, suku bunga tetap dan belum jelasnya kapan kenaikan harga BBM masih kondusif untuk pertumbuhan permintaan mobil kedepan serta perseroan juga masih menambah kapasitas produksi dan pabrik.
- Entry (1) Rp 65.600, Entry (2) Rp 64.000, Cut loss point: Rp 62.500.
3. Bukit Sentul (BKSL) (BUY): (Target: Rp 330) (Close 25/08 Rp 295)
- Bila terjadi koreksi untuk menutup price gap di Rp 260 bisa melakukan akumulasi untuk rebound karena fundamental perusahaan sudah banyak berubah dalam 6 bulan kebelakang, seperti Net Profit Margin (NPM) sekarang berkisar 26%, yang sebelumnya hanya 7%, dan masih ada angin bahwa persero akan melakukan private placement diatas harga buku (Rp 133).
- Pasar mulai spekulasi bahwa harga placement akan dilakukan di 2x book atau Rp 270, sehingga memicu momentum kenaikan selama ini.
- Entry (1) Rp 260, Entry (2) Rp 240, Cut loss point: Rp 220
4. Bank BCA (BBCA) (BUY): (Target: Rp 8.200) (Close 25/08 Rp 8.000).
- Bila terjadi koreksi di sektor perbankan biasanya bank dengan valuasi PER termahal namun dengan rasio Net profit Margin tertinggi atas loan portofolionya akan diburu pertama oleh investor bargain hunters yang mencari barang mahal namun bagus yang terdiskon.
- Entry: (1) Rp 7.700, Entry (2) Rp 7.500, Cut loss point: Rp 7.300
Dibuat oleh:
Yuganur Wijanarko
Senior Research HD Capital (Yuganur@hdx.co.id)
Eratex Djaja Konversi Utang Jadi Modal
PT Eratex Djaja Tbk menyetujui konversi utang kepada Radmet sebesar US$ 2.816.430,83 atau senilai Rp 24,04 miliar menjadi penyertaan saham melalui opsi penambahan modal tanpa hak memesan efek terlebih dahulu. Perseroan akan menerbitkan saham baru sebanyak 48.076.474 saham dengan nilai nominal Rp 500/saham.
Terkait hal ini, perseroan telah mengubah anggaran dasarnya, sehubungan dengan peningkatan modal ditempatkan dan disetor dari Rp 49,118 miliar (98.236.000 saham) menjadi Rp 73,15 miliar lebih (146.312.474 saham). Dengan demikian, pemegang saham perseroan adalah South Indonesian Holdings Ltd senilai Rp 11,05 miliar atau setara dengan 22.103.100 saham (15,11%), Continuity Development Limited dari Rp 1,23 miliar atau setara 2.445.900 lembar saham (1,58%), dan masyarakat Rp 60,87 miliar yang terdiri atas 121.753.474 saham (83.21%).
Terkait hal ini, perseroan telah mengubah anggaran dasarnya, sehubungan dengan peningkatan modal ditempatkan dan disetor dari Rp 49,118 miliar (98.236.000 saham) menjadi Rp 73,15 miliar lebih (146.312.474 saham). Dengan demikian, pemegang saham perseroan adalah South Indonesian Holdings Ltd senilai Rp 11,05 miliar atau setara dengan 22.103.100 saham (15,11%), Continuity Development Limited dari Rp 1,23 miliar atau setara 2.445.900 lembar saham (1,58%), dan masyarakat Rp 60,87 miliar yang terdiri atas 121.753.474 saham (83.21%).
Buana Indah Garment Beli 25,7 Juta Saham Eratex Djaja
* Akan dilakukan tender offer
* Herga tender offer kemungkinan sama sebesar Rp 125/saham
Eastern Cotton Mills Ltd yang berbasis di Hong Kong menjual 24.559.000 saham PT Eratex Djaja Tbk pada harga Rp 125/saham. Transaksi penjualan dilakukan pada 24 Agustus 2011. Demikian penjelasan Direktur Eastern Cotton Mills Limited James Shiu Kwong, di Jakarta, hari ini.
Dengan demikian, Eastern mengantungi pendapatan Rp 3,07 miliar dari hasil penjualan saham Eratex Djaja tersebut.
Pada kesempatan berbeda, PT Buana Indah Garment (BIG) mengaku telah membeli 24.559.000 juta saham Eratex dari Cotton Mills. BIG juga membeli 1.214.000 saham Eratex milik Genaire Enterprises Inc.
Dengan demikian, kini BIG menguasai 25.773.000 saham Eratex. Dalam keterbukaan informasinya di Investor Daily, manajemen BIG menyatakan komitmennya untuk melakukan tender offer atas sisa saham milik publik. Hal ini guna memenuhi ketentuan peraturan No IX H1 Bapepam-LK.
* Herga tender offer kemungkinan sama sebesar Rp 125/saham
Eastern Cotton Mills Ltd yang berbasis di Hong Kong menjual 24.559.000 saham PT Eratex Djaja Tbk pada harga Rp 125/saham. Transaksi penjualan dilakukan pada 24 Agustus 2011. Demikian penjelasan Direktur Eastern Cotton Mills Limited James Shiu Kwong, di Jakarta, hari ini.
Dengan demikian, Eastern mengantungi pendapatan Rp 3,07 miliar dari hasil penjualan saham Eratex Djaja tersebut.
Pada kesempatan berbeda, PT Buana Indah Garment (BIG) mengaku telah membeli 24.559.000 juta saham Eratex dari Cotton Mills. BIG juga membeli 1.214.000 saham Eratex milik Genaire Enterprises Inc.
Dengan demikian, kini BIG menguasai 25.773.000 saham Eratex. Dalam keterbukaan informasinya di Investor Daily, manajemen BIG menyatakan komitmennya untuk melakukan tender offer atas sisa saham milik publik. Hal ini guna memenuhi ketentuan peraturan No IX H1 Bapepam-LK.
Rekomendasi Beberapa Sekuritas, 26 Agustus 2011
Rekomendasi beberapa sekuritas untuk perdagangan Jumat, 26 Agustus 2011.
1. E-Trading Securities
Pada perdagangan kemarin, IHSG ditutup turun 2,6 poin (-0,07%) ke level 3.844. Asing masih melakukan net selling, kali ini Rp 264 miliar. Secara teknikal, hari ini IHSG masih akan bergerak konsolidasi di kisaran 3.794-3.881 dengan kecenderungan sideways. Perhatikan BBCA dan KIJA.
2. Sinarmas Sekuritas
Pada perdagangan Jumat (26/8), secara teknikal, indeks diperkirakan akan bergerak mixed pada kisaran 3.824-3.875. Saham-saham yang dapat diperhatikan antara lain AALI, BBCA, ASRI, TINS.
Dian Swastatika Bentuk Anak Usaha Baru
PT Dian Swastatika Sentosa Tbk bersama anak perusahaannya, PT Golden Energy Mines, mendirikan PT DSSP Power Sumsel pada 23 Agustus 2011. Kepemilikan saham DSSP terdiri atas DSSA sebesar 95% dan 5% GEMS.
DSSP merupakan special purpose company (SPC) yang dibentuk sebagai tindak lanjut dari penunjukkan konsorsium DSSA sebagai preferred bidder oleh PT PLN dalam tender proyek PLN untuk pengadaaan PLTU Mulut Tambang Sumsel-5 yang berkapasitas 2x150 MW. DSSP akan membangun sebuah pembangkit listrik untuk proyek PLTU Mulut Tambang Sumsel-5 yang direncanakan berlangsung dari tahun 2012-2015 dan operasionalisasi secara komersial mulai tahun 2015.
DSSP merupakan special purpose company (SPC) yang dibentuk sebagai tindak lanjut dari penunjukkan konsorsium DSSA sebagai preferred bidder oleh PT PLN dalam tender proyek PLN untuk pengadaaan PLTU Mulut Tambang Sumsel-5 yang berkapasitas 2x150 MW. DSSP akan membangun sebuah pembangkit listrik untuk proyek PLTU Mulut Tambang Sumsel-5 yang direncanakan berlangsung dari tahun 2012-2015 dan operasionalisasi secara komersial mulai tahun 2015.
BTPN Join Financing dengan BFI Finance Senilai Rp 1 Triliun
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) menjalin kerja sama dengan PT BFI Finance Indonesia Tbk (BFI) untuk membiayai secara bersama-sama (joint financing) kredit kendaraan bermotor senilai Rp 1 triliun. Kerja sama kedua pihak ditandatangani pada 25 Agustus 2011.
Direktur BTPN Anika Faisal memaparkan, kerja sama ini bertujuan untuk meningkatkan portofolio pembiayaan kendaraan bermotor bagi BFI dan BTPN.
Direktur BTPN Anika Faisal memaparkan, kerja sama ini bertujuan untuk meningkatkan portofolio pembiayaan kendaraan bermotor bagi BFI dan BTPN.
Thursday, August 25, 2011
Bayan Akuisisi Enam Perusahaan Tambang
PT Bayan Resources Tbk menandatangani jual beli saham atas enam perusahaan yang memiliki kuasa pertambangan/izin usaha pertambangan di Kalimantan Timur. Keenam perusahaan itu adalah PT Tiwa Abadi (TA), PT Dermaga Energi (DE), PT Orkida Makmur (OM), PT Silau Kencana (SK), PT Sumber Api (SA), dan PT Tanur Jaya, termasuk pengalihan beragam aset, baik bangunan, tanah, dan fasilitas penunjangnya.
Jual beli dilakukan antara Bayan Resources bersama anak perusahaannya, yakni PT Bayan Energy dan PT Sumber Aset Utama dengan PT lithabi Bara Utama, Prime Mine Resources Limited, dan Romo Nitiyudo Wachjo, pada 24 Agustus 2011.
Akuisisi ini merupakan bagian dari rencana perseroan yang berencana mengakuisisi sembilan perusahaan pertambangan. Oleh karena itu, tiga perusahaan pertambangan lainnya, yakni PT Cahaya Alam (CA), PT Bara Sejati (BS), dan PT Apira Utama (AU), akan dilakukan paling lama sebelum lewatnya jangka waktu 12 setelah tanggal RUPS-LB Bayan Resources pada 7 Juni 2011.
“Dengan dilakukannya pengambilalihan saham pada enam perusahaan dan pengalihan ragam aset tersebut di atas, maka terhitung sejak 24 Agustus 2011, perseroan memiliki 99% kepemilikan saham di TA, DE, OM, SK, SA, dan TJ. Bayan Energy memiliki 1% kepemilikan saham di TA, dan SAU menguasai ragam aset,” jelas Direktur Utama Bayan Resources Chin Wai Fong hari ini.
Saham-saham yang dominan dibeli asing, 24 Agustus 2011
Saham-saham yang dominan dibeli asing, Rabu 24 Agustus 2011.
Kode saham Volume Jual Beli
| AALI | 254,000 | 92,500 | 104,500 |
| ACES | 323,500 | 0 | 284,500 |
| AKRA | 12,852,500 | 1,492,500 | 3,441,000 |
| AMFG | 78,000 | 0 | 65,000 |
| APLN | 34,034,000 | 0 | 1,493,000 |
| ASGR | 2,014,500 | 0 | 231,000 |
| ASRI | 119,420,000 | 13,165,000 | 33,156,000 |
| BAYU | 159,277,000 | 285,000 | 1,300,500 |
| BBNI | 30,514,500 | 10,920,000 | 13,051,500 |
| BBRI | 42,878,500 | 13,576,500 | 18,303,000 |
| BBTN | 3,737,000 | 57,000 | 2,993,000 |
| BHIT | 16,430,000 | 0 | 2,601,500 |
| BIPI | 19,528,500 | 5,000 | 622,000 |
| BJBR | 14,993,000 | 1,555,000 | 1,767,500 |
| BKSL | 322,937,000 | 1,826,000 | 53,516,000 |
| BNII | 652,000 | 134,500 | 530,000 |
| BNLI | 80,500 | 5,000 | 62,500 |
| BSDE | 6,189,000 | 1,000,000 | 4,015,500 |
| BTPN | 673,500 | 500 | 67,500 |
| BVIC | 52,439,500 | 1,900,000 | 6,149,000 |
| BWPT | 13,680,000 | 920,000 | 9,104,500 |
| BYAN | 156,000 | 94,500 | 126,000 |
| CFIN | 8,558,000 | 2,291,500 | 3,457,000 |
| CMNP | 98,769,000 | 11,401,000 | 25,295,000 |
| COWL | 13,583,500 | 0 | 200,000 |
| CPIN | 49,961,500 | 4,277,000 | 17,719,500 |
| CTRP | 1,517,500 | 0 | 1,117,500 |
| DEWA | 47,131,000 | 0 | 13,841,500 |
| DOID | 6,493,500 | 0 | 904,500 |
| ELSA | 3,578,500 | 0 | 98,000 |
| ELTY | 351,144,000 | 1,114,000 | 6,769,500 |
| ENRG | 295,320,000 | 16,691,000 | 35,985,000 |
| EPMT | 415,500 | 0 | 300,000 |
| EXCL | 1,490,000 | 401,500 | 532,500 |
| FASW | 197,500 | 0 | 35,000 |
| GIAA | 4,264,500 | 0 | 364,000 |
| GTBO | 10,151,500 | 0 | 1,000,000 |
| HDFA | 15,233,000 | 0 | 5,062,500 |
| HEXA | 26,000 | 0 | 17,500 |
| HRUM | 10,791,500 | 27,000 | 4,582,500 |
| IMAS | 1,000,000 | 143,000 | 900,000 |
| INKP | 709,500 | 126,500 | 502,000 |
| INRU | 899,000 | 0 | 63,000 |
| INTA | 9,882,000 | 100,500 | 650,000 |
| ISAT | 1,202,000 | 678,500 | 1,128,500 |
| JPFA | 2,222,500 | 125,000 | 190,000 |
| KRAS | 9,356,000 | 0 | 172,500 |
| LPKR | 69,890,500 | 0 | 26,488,000 |
| MNCN | 14,791,000 | 2,058,500 | 9,222,000 |
| MPPA | 901,500 | 329,500 | 556,500 |
| PGAS | 62,543,000 | 20,593,500 | 21,389,000 |
| PNBN | 1,569,000 | 157,000 | 186,500 |
| PNIN | 201,000 | 0 | 77,000 |
| PTIS | 122,000 | 0 | 100,000 |
| PTPP | 3,207,000 | 0 | 1,328,500 |
| PWON | 11,391,500 | 0 | 1,854,000 |
| PYFA | 8,176,500 | 0 | 150,000 |
| SAIP | 392,500 | 0 | 15,000 |
| SGRO | 653,500 | 167,500 | 239,000 |
| SMCB | 1,351,000 | 323,000 | 597,000 |
| SMGR | 5,612,000 | 3,295,500 | 4,217,500 |
| SMRA | 2,764,000 | 629,500 | 1,918,000 |
| SSIA | 59,011,000 | 5,646,500 | 9,946,000 |
| STAR | 40,714,500 | 50,000 | 90,000 |
| TBLA | 5,950,000 | 12,500 | 1,449,500 |
| UNSP | 83,956,000 | 0 | 18,975,000 |
| WIKA | 4,909,000 | 0 | 2,661,500 |
| WINS | 2,922,500 | 1,267,000 | 1,507,500 |
Outlook HD Capital untuk bulan September 2011
Monthly Strategy-Aug (24-08-2011) (BUY):
“September ceria di IHSG"
- Koreksi telah terjadi sekarang menunggu September ceria: Koreksi cukup dalam dari high di 4.125 telah membawa IHSG hingga mengetes 3.570 (12%) dalam waktu yang sangat singkat namun IHSG berhasil membal dari support baru du 3.570 dan selama lebih dari 2 minggu sudah tidak membentuk new low lagi, dan kelihatannya upaya proses recovery minor uptrend untuk kembali ke 4.125 sedang terjadi.
- Rally pasca lebaran: Beberapa katalis positif yang akan keluar di libur lebaran seperti data pertumbuhan GDP Indonesia, inflasi yang diperkirakan sesuai ekspektasi hingga membuat BI menahan rate tetap serta laporan keuangan 9-bulan emiten dan mitos terjadi window dressing di bulan September akhir membuat pelaku pasar cenderung akumulasi versus distribusi.
- Regional: Dunia menanti stimulus QE3 dimana akan terjadi inflow lagi ke aset berisiko emerging market dan melemahnya dolar AS dapat membuat IHSG berlari positif di atas 4000.
- Rekomendasi Portofolio & Target Price 1-bulan:
Ticker | TP 1 bln | PER11F | PBV11F | ROE11F |
ASII | Rp.75.300 | 16x | 4x | 26% |
CPIN | Rp.3.400 | 19x | 9x | 49% |
ADMG | Rp.900 | 6x | 2x | 33% |
BBRI | Rp.6.850 | 11x | 4x | 32% |
BMRI | Rp.7.450 | 13x | 3x | 25% |
BJBR | Rp.1.180 | 9x | 2x | 21% |
BBCA | Rp.8.450 | 20x | 5x | 26% |
Dibuat oleh:
Yuganur Wijanarko
Senior Research HD Capital.
Rekomendasi Beberapa Sekuritas, 25 Agustus 2011
Rekomendasi beberapa sekuritas untuk perdagangan Kamis, 25 Agustus 2011.
1. E-Trading Securities
IHSG hari ini ditutup turun 33 poin (-0,86%) ke level 3.847 mengikuti penurunan yang terjadi di sejumlah bursa regional. Net selling asing mencapai Rp 200 miliar. Secara teknikal, indeks diperkirakan akan bergerak konsolidasi di kisaran 3.798-3.883. Cermati BSDE dan ELTY.
2. Sinarmas Sekuritas
Pada perdagangan Kamis (25/8), secara teknikal, indeks diperkirakan akan bergerak mixed dengan kecenderungan melemah pada kisaran 3.823-3.889. Saham-saham yang dapat diperhatikan antara lain PTBA, HEXA, BSDE, CMNP
Wednesday, August 24, 2011
Indonesia's Toba Bara eyes up to $400 mln IPO - sources
* Coal miner Toba Bara eyes valuation up to $2 bln - sources
* Toba Bara controlled by former minister and general Luhut Panjaitan
* Hires Morgan Stanley, CLSA, Citigroup, Mandiri as underwriters - sources
Indonesian thermal coal miner Toba Bara Sejahtera plans to raise around $400 million via an initial public offering late this year or early 2012 to tap investor demand in the world's biggest thermal coal exporting nation, four sources with direct knowledge of the matter told Reuters.
Indonesia's coal output is estimated to rise at least 10 percent annually over the next five years. Industry associations expect production to reach 340 million tonnes this year.
The offering by the miner, controlled by former industry minister and former army general Luhut Panjaitan, would be the third planned by Indonesian coal firms this year.
"The firm is working with its advisers to prepare the IPO and is looking to launch it by the end of the year or early next year," one of the sources said.
Another source said the firm, which produced around 6 million tonnes of thermal coal in 2010 from mines in Kalimantan and is planning to increase output to 9 million tonnes this year, is looking at a market valuation of up to $2 billion.
Toba Sejahtera has appointed Morgan Stanley , Citigroup , CLSA Asia-Pacific Market and local brokerage Mandiri Sekuritas as underwriters, the sources said.
The sources declined to be identified as the deal is not made public yet. All four underwriters declined to comment. Toba Bara was not available for comment.
The IPO would also follow the listing of others thermal coal miners including PT Berau Coal in August 2010 that raised over $150 million and Harum Energy that raised $320 million in October.
Riau Bara Harum, which is also among coal miners that aim to launch an IPO this year, plans to raise up to $500 million from an offering later this year, sources had told Reuters in February. Source: Reuters
Wilmar says buys Indonesian sugar refiner for $104 mln
Singapore's Wilmar , the world's largest listed palm oil firm, acquired Indonesian sugar refiner Duta Sugar International for $104 million in July, the head of its Indonesian unit Hendri Saksti told Reuters on Wednesday.
The firm has previously said it wants to expand by investing at least $1 billion in China, Africa and Indonesia, where it has secured land for sugar plantations. Source: Reuters
Hanhwa Chemical to bid for Indonesia's Sulfindo -source
outh Korea's Hanwha Chemical will join the first round of bidding for Indonesian chemical producer Sulfindo Adiusaha, a source familiar with the matter said, in a potential $700 million deal.
The first-round of bids for Sulfindo are due before the end of this week, with the deal attracting foreign players including Thai industrial conglomerate Siam Cement .
"Hanwha will make a non-binding offer," the source told Reuters, declining to be named because of the sensitivity of the issue.
A Hanwha spokesman said the chemical firm was still looking into the issue but would not comment further.
Sulfindo is controlled by the Victoria Group, owned by Indonesia's Tanojo family, who also own small lender Bank Victoria and brokerage Victoria Securities. Macquarie is the sell-side adviser for the deal, three sources told Reuters earlier. Source: Reuters
Saham-saham yang dominan dibeli asing, 23 Agustus 2011
Saham-saham yang dominan dibeli asing, Senin 23 Agustus 2011.
Kode saham Volume Jual Beli
| ADMG | 39.997.000 | 500.000 | 3.605.000 |
| AMAG | 5.351.000 | 0 | 100.000 |
| AMFG | 67.000 | 0 | 14.500 |
| ANTM | 20.004.000 | 1.868.500 | 5.107.000 |
| ARNA | 487.000 | 0 | 92.000 |
| ASGR | 6.118.500 | 137.000 | 359.000 |
| ASRI | 101.076.500 | 563.500 | 50.030.000 |
| BBCA | 12.260.000 | 1.433.000 | 3.013.000 |
| BBNI | 41.364.000 | 29.324.000 | 31.604.000 |
| BBRI | 29.748.000 | 4.280.000 | 12.979.000 |
| BHIT | 23.428.000 | 0 | 4.244.500 |
| BIPI | 15.748.500 | 0 | 30.000 |
| BISI | 3.573.500 | 0 | 30.500 |
| BJBR | 11.437.000 | 38.000 | 843.000 |
| BKSL | 59.052.000 | 0 | 2.470.500 |
| BNBR | 223.969.000 | 914.500 | 3.349.500 |
| BTPN | 792.500 | 13.500 | 68.000 |
| BVIC | 8.781.500 | 0 | 1.000.000 |
| BWPT | 16.784.500 | 2.925.500 | 6.052.000 |
| BYAN | 243.500 | 76.500 | 233.500 |
| CMNP | 105.238.500 | 12.848.500 | 36.033.500 |
| CPIN | 39.307.000 | 5.216.500 | 21.694.000 |
| CTRS | 612.000 | 0 | 284.500 |
| DEWA | 111.015.500 | 0 | 1.000.000 |
| DILD | 3.969.500 | 0 | 316.000 |
| DOID | 24.351.000 | 69.000 | 3.574.500 |
| EKAD | 2.621.000 | 0 | 63.500 |
| ENRG | 544.395.000 | 5.619.500 | 9.592.500 |
| GGRM | 916.500 | 341.500 | 466.500 |
| GIAA | 5.759.500 | 1.000 | 668.500 |
| GZCO | 1.332.500 | 0 | 206.000 |
| IMAS | 1.111.500 | 278.000 | 558.500 |
| INDF | 25.165.500 | 2.391.500 | 19.396.500 |
| INRU | 103.500 | 33.000 | 103.500 |
| INTA | 32.347.000 | 252.500 | 3.700.500 |
| JPFA | 1.934.500 | 0 | 400.500 |
| JSMR | 3.276.000 | 1.236.000 | 1.315.500 |
| JTPE | 3.398.500 | 0 | 462.000 |
| KIAS | 1.413.000 | 0 | 50.500 |
| KKGI | 72.000 | 0 | 22.000 |
| KLBF | 5.773.000 | 1.896.000 | 2.923.500 |
| KRAS | 5.694.000 | 160.000 | 1.018.000 |
| LPKR | 91.577.000 | 14.693.500 | 26.530.000 |
| LSIP | 19.124.500 | 4.015.000 | 16.127.000 |
| MAIN | 17.533.000 | 1.288.000 | 4.732.500 |
| MDLN | 77.246.500 | 150.000 | 5.685.000 |
| META | 13.421.500 | 1.417.500 | 1.815.000 |
| MPPA | 2.243.000 | 399.000 | 685.500 |
| PNBN | 698.000 | 26.000 | 69.500 |
| POLY | 19.540.500 | 102.500 | 300.000 |
| PTBA | 2.086.500 | 186.000 | 631.500 |
| PTIS | 38.000 | 0 | 34.000 |
| PTPP | 8.013.500 | 0 | 2.723.500 |
| PWON | 13.122.500 | 0 | 1.150.000 |
| RMBA | 856.500 | 0 | 22.500 |
| ROTI | 2.156.500 | 290.500 | 770.000 |
| SGRO | 1.430.000 | 0 | 26.500 |
| SMRA | 2.101.000 | 869.000 | 1.915.500 |
| SMSM | 1.213.500 | 51.500 | 70.500 |
| STAR | 79.726.000 | 55.000 | 75.000 |
| TBLA | 8.616.000 | 7.500 | 328.000 |
| TOTL | 5.724.000 | 305.000 | 1.200.000 |
| UNSP | 142.630.500 | 0 | 29.119.500 |
| UNVR | 1.245.000 | 483.000 | 658.500 |
| WIKA | 5.740.500 | 0 | 2.543.000 |
Subscribe to:
Posts (Atom)
TEXTAREA_ID
