Martina Berto Targetkan Penjualan Naik 15%

PT Martina Berto Tbk menargetkan penjualan senilai Rp 653 miliar selama 2011 atau naik 15,3% dibanding 2010 senilai Rp 566 miliar. Direktur Utama MBTO Bryan David Emil di Jakarta, Selasa (31/5), mengatakan, peningkatan penjualan tahun ini akan dipicu dari produk baru yang akan diluncurkan oleh perusahaan.

"Penjualan tahun ini akan didorong dari produk baru yang akan diluncurkan. Sementara, penjualan produk perusahaan yang diekspor berkontribusi sebesar 2,5%," kata dia usai rapat umum pemegang saham tahunan (RUPST).

Peningkatan target penjualan itu, kata dia, juga akan mendukung peningkatan pendapatan sepanjang tahun ini yang ditargetkan sebesar 19,5% menjadi Rp 360 miliar dibandingkan dengan tahun sebelumnya senilai Rp 301 miliar.

"Dengan peningkatan penjualan dan pendapatan tahun ini, perseroan memprediksi dapat mencapai peningkatan laba bersih sekitar 31% menjadi Rp 48 miliar pada 2011," katanya.

Sementara itu, pertumbuhan operasional perseroan juga ditargetkan meningkat 18,1% dari Rp 51,7 miliar menjadi Rp 61 miliar.

Terkait dana penawaran umum perdana saham (initial public offering/IPO), Bryan mengatakan, pihaknya telah menggunakan sekitar 20%  dari total dana IPO yang mencapai Rp 250 miliar.

"Sampai saat ini dana IPO yang terpakai sebesar Rp 54 miliar yang digunakan untuk melunasi utang kepada Bank CIMB Niaga dan Rp 785 juta untuk pengembangan Martha Tilaar Shop. Sisanya ditempatkan di dalam deposito dan penggunaannya akan mengikuti rencana sesuai prospektus," ujarnya.

Sebelumnya, dipaparkan dalam IPO MBTO, dana IPO sebesar Rp 262,7 miliar sekitar 54%  di antaranya akan digunakan untuk membiayai pembangunan pabrik baru di Cikarang serta pembelian mesin-mesin produksi dan utilitas. Sisanya, akan digunakan untuk pembiayaan modal kerja seperti renovasi gedung, pengembangan Martha Tilaar Shop (MTS) sebagai pelayan konsumen di dalam negeri dan sebagai market entry point di kawasan Asia-Pasific, serta beragam pengembangan lainnya.

Sementara pada kesempatan yang sama, Direktur Keuangan MBTO Handiwidjaja menambahkan, dalam RUPST Martina Berto yang merupakan salah satu anak perusahaan Martha Tilaar Group, telah menyepakati untuk membagikan dividen sebesar Rp 10 per saham atau setara dengan Rp 10,7 miliar (29,1%) dari laba bersih 2010 yang sebesar Rp 36,7 miliar. "Recording date dividen MBTO adalah 8 Juli 2011 dan pembagian dividen akan dilakukan pada 22 Juli 2011," ujar dia.

Buana Listya Tama Raih Kontrak US$ 320 Juta

PT Buana Listya Tama Tbk (BULL) meraih kontrak sewa terminal bongkar muat terapung (floating offshore terminal) untuk komoditas batubara senilai US$ 320 juta. "Terminal ini sudah dikontrak dengan satu perusahaan batubara di wilayah Sumatera, nilai kontraknya sebesar 320 juta dolar AS untuk jangka waktu 20 tahun," ujar Direktur Keuangan BULL Kevin Wong, di Jakarta, Selasa (31/5).

Ia menambahkan, finalisasi kontrak sewa terminal bongkar muat terapung untuk komoditas batubara berlokasi di wilayah Sumatera dalam satu hingga dua bulan mendatang. Namun, Kevin belum menyebutkan secara rinci dengan siapa perseroan akan melakukan transaksi sewa, lokasi terminal, serta nilai investasi untuk konversi kapal tanker menjadi "floating storage" itu. "Nanti saja kalau sudah difinalisasi," ujarnya.

Ia menambahkan, pihaknya akan melakukan konversi sebuah kapal tanker yang dimiliki untuk dijadikan terminal terapung berkapasitas empat juta ton. "Dengan adanya terminal ini, pemindahan batubara akan menjadi lebih cepat," ujarnya.

Sementara, hingga akhir kuartal pertama 2011, perseroan mencatatkan laba bersih Rp 85,17 miliar atau naik 119% dibandingkan periode yang sama pada tahun sebelumnya Rp 38,93 miliar. Peningkatan laba itu, kata dia, didorong oleh pendapatan yang naik 110% dari Rp 122,28 miliar pada kuartal pertama 2010 menjadi Rp 257,17 miliar pada kuartal pertama 2011.

Stock Split Intraco Penta 3 Juni 2011

PT Intraco Penta Tbk (INTA) akan merealisasikan pemecahan nominal saham (stock split) pada awal Juni 2011 demi meningkatkan likuiditas saham perusahaan di pasar modal.

Presiden Direktur INTA Petrus Halim mengatakan, rencana aksi korporasi itu menindaklanjuti hasil rapat umum pemegang saham luar biasa (RUPSLB) perusahaan pada 15 April lalu. "Kebijakan stock split tersebut merupakan upaya INTA untuk meningkatkan likuiditas saham INTA di pasar modal. Setelah stock split, nominal saham INTA akan mengalami perubahan dari semula Rp 250 per saham menjadi Rp50 per saham," kata dia.

Selain meningkatkan likuiditas, lanjut dia, dengan adanya stock split saham INTA akan dapat menambah investor "base" pemegang saham publik INTA. Dia menambahkan, hingga akhir Mei 2011, INTA mencatatkan kenaikan penjualan yang ditunjukkan oleh posisi penjualan alat berat INTA yang telah mencapai hampir 70% total target 2011 pada akhir bulan Mei 2011.

"Kenaikan penjualan signifikan tersebut didukung oleh lonjakan dari sisi penjualan alat berat, order on hand alat berat. Penjualan alat berat INTA, merek Volvo, Bobcat, SDLG, Mahindra dan Ingersoll Rand, selama periode Januari ? Mei 2011 mencapai lebih dari 897 unit atau hampir 70 persen dari total target penjualan 2011 yaitu 1.293 unit," papar dia.

Melihat kondisi pasar dan industri yang mendukung bisnis, ia meyakini, pendapatan Usaha INTA akan dapat melampaui target 2011 sebesar hampir Rp 3 triliun dengan laba bersih sebesar Rp 156 miliar.

Ia menambahkan, untuk terus meningkatkan kinerja sekaligus melengkapi rangkaian solusi total yang ditawarkan kepada konsumen, sejak awal tahun lalu INTA telah mengageni salah satu produk truk dari Cina ternama di dunia, SINOTRUK. "Melalui produk unggulan tersebut, INTA menawarkan solusi dalam industri transportasi dan logistik selain dapat pula dipergunakan untuk mendukung industri lain misalnya pertambangan, agrobisnis, dan lainnya," kata dia.

Direktur Penjualan INTA Willy Rumondor menambahkan, selain merek-merek premium yang selama ini dipasarkan, pihaknya juga akan mendorong penjualan SINOTRUK. "Hal ini, dimaksudkan untuk terus mendorong pertumbuhan INTA melalui penjualan alat berat," katanya.

Berikut jadwal stock split INTA:

3 Juni 2011: Akhir perdagangan nominal saham lama di pasar regular dan negosiasi     

6 Juni 2011: Awal perdagangan saham dengan nominal baru di pasar regular dan negosiasi

6-8 Juni 2011: Periode perdagangan saham di pasar tunai dengan nominal lama

8 Juni 2011: Tanggal terakhir penyelesaian transaksi saham dengan nominal lama 

                  Tanggal penentuan daftar pemegang rekening sebagai dasar pelaksanaan 

                   stock split

9 Juni 2011: Tanggal distribusi saham dengan nominal baru

                  Awal perdagangan saham dengan nominal baru

                  Tanggal dimulainya penyelesaian transaksi saham dengan nominal baru

Carlyle, Suntory bid for 30 pct stake in Indonesia's GarudaFood-sources

Private equity firm Carlyle Group and Japanese brewer Suntory are leading a race to buy a 30 percent stake in Indonesian consumer firm GarudaFood worth over $200 million, three sources with knowledge of the deal said on Tuesday.

Tudung Group, which will sell its stake, has business interests in food and the beverage industry in Indonesia and China, and its GarudaFood unit sells instant food, peanuts, and other snacks globally.

The sale attracted interest from several foreign investors, including private equity firms 3i Group Plc and Unitas Capital, but only Carlyle and Suntory made it to the final bidding, said the sources, who declined to be identified because the deal was not public.

"The deal is almost complete and we hope it could be done by mid-June, the only problem is the valuation," said one of the sources, adding that after the deal GarudaFood expected to launch an initial public offering within one or two years to tap public funds.

If Carlyle wins the bid it would be the first direct investment made by the buyout firm in Southeast Asia's biggest economy, where rivals TPG Capital and CVC have already invested in finance, resources and consumer plays.

Tudung Group, an investment holding firm controlled by the family of founder Darmo Putro, and Carlyle were not available to comment. Suntory declined to comment.
The Tudung Group told Reuters in December a stake sale was being planned and that it had hired Barclays Capital to run the sale. Source: Reuters

Adaro sees 2011 coal output up to 46-48 mln T

Indonesian coal miner Adaro Energy expects 2011 coal production up 5 million tonnes from last year to 46-48 million tonnes, a director at the firm said on Tuesday. 

Rising production costs are the biggest challenge facing Indonesia's largest coal miner, director Edwin Tsang told the Coaltrans Asia conference. 

"We are putting in investments due to lower logistical costs, because heavy equipment costs are rising, labour rising, explosives costs are rising," said Tsang. 

Indonesia, the world's top exporter of thermal coal, is expected to produce 340 million tonnes this year, compared with 320 million tonnes in 2010. 

"I think around 310 (million tonnes) to just under 340," Tsang added. "As far as Adaro is concerned, this year our budget is to produce between 46 to 48 million tonnes."

"It's up ... by around close to 5 million tonnes," he added. "Next year is very difficult to say, probably it should be up -- closer to 50 million tones." 

On Monday the Indonesian Coal Mining Association said India will overtake Japan as the top buyer of Indonesian coal this year, taking as much as 60 million tonnes to help meet its burgeoning power demand. 

Japanese demand and imports were hit by the earthquake and tsunami to hit the country in March of this year, while India is attempting to boost its power supplies significantly in the coming years. 

"This year we're expecting more than 45 percent of our production will go to India and China," said Eko BF Natalina, general manager of marketing and sales at Berau Coal.

"I'm fairly confident that these two countries will lead demand in the future, and in 2012 as well," he added. "In the first quarter of this year, China was quite silent but they come back and next year they will continue to contribute significantly to the coal market industry." 

Natalina said Berau's coal output would be 20 million tonnes this year, rising to 23 million tonnes in 2012 and 30 million by 2014.

Source: Reuters

China coal imports to double in 2015, India close behind

Top coal consumer China should see import demand more than double in the next four years and India will be close behind as both hoover up supplies on international markets to feed rapidly growing power industries, industry executives said on Monday.

China's thermal coal imports could rise to 200 million tonnes in 2015 from around 90 million tonnes in 2011, Neil Dhar, executive vice president of trading house Noble Group, told the Coaltrans Asia conference.

At 90 million tonnes, China's 2011 imports would be steady from 2010, he said. That would indicate shipments would rise for the rest of the year, as China's imports in the first four months of 2011 were down a quarter on 2010.

The flow into China, which emerged as the world's second-largest coal importer after Japan last year, fluctuates according to domestic coal prices and whether or not those are high enough to encourage more electricity output from coal-fired power producers.

China boosted power prices on Monday in an attempt to ease its worst power shortages since 2004. That may encourage more coal imports to boost power supply.
India's thermal imports could rise to more than 100 million tonnes by 2015, from around 67 million tonnes in 2011, Dhar said. Imports would jump by almost 10 million tonnes this year, he added.

Despite a bullish long-term outlook, Asian coal prices have been depressed in recent months, largely due to the aftermath of the Japanese quake and tsunami in March that
knocked out some coal-fired plants.

The index for Australian coal on the globalCOAL index closed at $119.47 a tonne on Friday, down from more than $140 in January when prices were driven up by flooding and wet weather in Australia's eastern Queensland state.

WHO BUYS MORE FROM INDONESIA?
India will overtake Japan as the biggest buyer of Indonesian coal in 2011, staying ahead of China in the competition for supply from the world's top thermal coal supplier. Most of India's coal imports come from Indonesia.

India's domestic shortfall in coal supplies to meet power demand will spur the country to import up to 60 million tonnes from Indonesia this year, five million tonnes more than last year and surpassing Japan as top importer, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.

Imports from Indonesia to India, Asia's third-largest economy, would race to 90 million tonnes by 2013, Kamandanu told Reuters.

"Japan has traditionally been the leader at importing Indonesian coal, but now India is surpassing it," Kamandanu said on the sidelines of the conference. "In terms of tonnage, India is moving toward 50-60 million tonnes... very strong.

Demand from India's growing number of independent power producers would push the country's imports, Kamandanu said.

Japan, which suffered a massive earthquake and tsunami in March, would import 57 million to 58 million tonnes of Indonesian coal this year, down from previous peaks of around 65 million tonnes and unchanged from 2010.

The disaster in Japan shut down some coal-fired power plants along the northeastern coast, crimping demand. Japan's thermal coal imports in April fell 13.4 percent on the year to 6.591 million tonnes.

CRANKING UP OUTPUT
Indonesia's coal mining companies are already cranking up production to meet the fast pace of demand growth, and the country and Kamandanu forecast the country would produce 340 million tonnes this year up from 320 million tonnes in 2010.

"All the big guys are increasing their numbers," he said.
Bayan Resources Tbk, the country's eighth-largest coal miner, is projected to more than double its output to as much as 25 million tonnes by 2013 versus last year, said chief financial officer Alastair McLeod. The company's main focus was on striking long-term supply deal to India, he added.

Bayan expects to produce 14.5 million to 15.5 million tonnes in 2011, up from 11.9 million tonnes in 2010, he told Reuters in an interview.

"We started two new mines in 2008 and two new mines in 2009, therefore they have a ramp-up profile over four or five years before they get up to their capacity," McLeod said. "We'll be continually ramping up -- our target by 2013 is to get to 20-25 million tonnes."

Another major Indonesian coal producer, Bhakti Energi, is also eyeing the stiffening competition between China and India for Indonesian supplies.

"India has no alternative for its energy resources. India will become a very good importer for Indonesia," said Bhakti's president director Jeffrey Mulyono.

"China is different. China is growing well in demand but they still have alternatives for fulfilling (coal) combinations with their own development."

Mulyono expects Indonesian coal output to rise at least 10 percent annually over five years, and sees the easternmost province of Papua tapping into its huge coal reserves longer-term. Source: Reuters

Indonesia to Maintain Coal Exports, Make Local Supply Mandatory

Indonesia will continue to encourage exports of coal while making it mandatory for miners to meet domestic demand, Indonesian Energy Minister Darwin Saleh said at the Coaltrans Asia conference in Bali today. 

Indonesia will maintain its “dual role” of generating government export revenue and meeting domestic demand, Saleh said. The country is trying to strike a balance between exports, which account for 75 percent of production, and supplying locally, he said. 

The world’s biggest exporter of thermal coal is building 20 gigawatts of capacity by 2014 of which 14 gigawatts will be coal-fired, Saleh said. Coal production increased 16 percent annually over the last 5 years, he said. Source: Bloomberg

Indonesia Allows Underground Mining in Forests, Minister Says

Indonesia’s President Susilo Bambang Yudhoyono last week issued a decree allowing underground mining in some protected forests for coal and minerals, Forestry Minister Zulkifli Hasan said. 

“The ruling is aimed at improving existing management of forest use for mining,” Hasan said at Coaltrans Asia Conference in Bali. “Miners must have mining and land-use permits from the local administration and forestry ministry to operate in protected forests.” 

Primary forests and peatlands are excluded from the decree, as the government has imposed a two-year ban on mining and expansion of plantations in those areas, Hasan said.

Indonesia is the world’s largest exporter of power station- coal and tin and is rich with other minerals such as copper, nickel and bauxite. Source:  Bloomberg

Saham yang Dominan Dibeli Asing per 30 Mei 2011

Saham-saham yang dominan dibeli asing per Senin, 30 Mei 2011.

Kode Saham                        Volume                     Jual                      Beli

ABDA	291,500	0	82,000
ADRO	37,554,500	12,251,000	13,560,500
AKRA	20,334,000	301,000	7,999,000
ANTM	10,002,000	587,500	3,514,000
ASGR	3,839,500	0	858,000
ASII	1,359,500	526,000	689,500
ASRI	50,048,500	16,172,000	27,424,500
BATA	500	0	500
BBRI	33,449,000	2,567,000	15,618,500
BBTN	4,921,500	115,000	452,500
BHIT	239,266,000	26,796,000	29,135,000
BKSW	43,000	0	34,500
BMRI	43,573,000	8,268,000	27,545,500
BNBA	221,000	0	175,000
BNBR	326,177,000	555,000	45,555,000
BNGA	725,000	164,000	246,500
BRAU	20,666,000	8,535,500	16,079,000
BRMS	6,374,000	10,000	2,500,000
BRPT	1,084,000	14,000	16,000
BSDE	2,197,500	926,000	1,090,000
BTPN	459,500	65,000	97,000
BYAN	74,500	0	72,000
CPIN	5,530,000	1,509,500	2,945,000
CTRA	8,472,000	548,500	7,943,500
DAVO	3,569,000	0	3,071,500
ELTY	160,562,000	0	100,000
EMTK	189,500	0	5,500
EXCL	22,772,500	3,843,500	15,999,500
FASW	754,000	0	100,000
GGRM	260,000	142,000	205,500
GZCO	3,692,000	0	99,000
HMSP	9,500	2,000	4,000
ICBP	4,434,500	532,000	1,675,500
INDY	10,509,500	1,602,500	7,554,000
INKP	2,621,000	500	2,000,000
INTA	11,299,000	137,000	981,000
ITMG	571,000	204,500	357,000
JPFA	806,500	389,000	481,000
KAEF	3,458,500	0	105,000
KBLI	4,619,500	0	27,000
KBLV	280,000	36,000	206,000
KRAS	8,822,000	99,500	177,500
LPKR	38,294,500	400,000	3,113,500
LSIP	6,843,000	1,072,500	1,747,500
LTLS	205,000	0	1,000
MASA	6,772,500	200,000	1,000,000
MBSS	8,238,000	0	803,500
MDRN	395,500	46,000	189,500
MITI	4,689,500	0	765,000
MLIA	6,500	0	6,500
MLPL	2,935,000	0	431,500
MNCN	6,493,000	1,500,500	4,795,500
MPPA	398,000	18,500	160,500
PGAS	31,853,500	14,364,000	17,169,000
PNBN	969,000	0	230,000
PNIN	2,061,000	103,000	42,500
PTPP	2,911,500	0	1,000,000
PWON	4,545,000	0	500,000
RALS	4,381,500	0	620,000
RICY	1,370,000	0	154,500
RMBA	47,500	0	17,000
ROTI	216,000	25,000	46,000
SCMA	152,000	0	120,000
SGRO	666,000	50,000	343,000
SMAR	372,500	0	100,000
SMCB	5,783,500	0	1,738,500
SMRA	2,546,000	0	880,000
SSIA	7,922,500	690,000	1,602,500
TKIM	109,000	0	67,000
TSPC	166,500	0	10,000
UNVR	757,000	398,500	505,500

Rekomendasi HD Capital, 31 Mei 2011

Berikut rekomendasi HD Capital untuk perdagangan Selasa, 31 Mei 2011.

BUY: (BMRI, ASII, ASRI,BBRI)

• Sentimen positif dari beberapa data ekonomi domestik yang sesuai ekspektasi serta dukungan regional dapat mendorong IHSG mengetes resistance old time high to 3.880.

• Rekomen melirik sector yang sensitive ke pergerakan suku bunga seperti perbankan dan properti. 

• IHSG close (30-05) 3.826.14(-6.490/-0.44%) (Val.Rp.3.2T)

• Support: 3.770-3.710-3.680, Resistance: 3,850-3.920-4.000

Stock picks:

1.    Bank Mandiri (BMRI) (Target Rp 7.350) (Close 30/05 Rp 7.200)

• Secara teknikal menarik, daily stochastic yang menukik di atas 50-line memberikan kesimpulan bahwa tren naik yang terjadi dari level Rp 6.950 akan terus berlangsung paling tidak ke high lama di Rp 7.350.

• Entry (1) Rp 7.150, Entry (2) Rp 6.950, Cut loss point: Rp 6.850

2.    Astra International (ASII) (BUY): (Target: Rp 60.250) (Close 30/05 Rp 59.050)

• Pasca koreksi ex dividend Rp 1.130/saham, downside di ASII tertahan karena pasar masih melihat optimistis kinerja penjualan mobil motor serta anak usaha CPO dan alat berat kedepan di Q2 2011 yang didukung oleh suku bunga kondusif (BI rate tetap).

• Exit (1) Rp 59.000, Entry (2) Rp 58.600, Cut loss point: Rp 58.000

 

3.   Alam Sutera (ASRI) (BUY): (Target: Rp 320) (Close 30/05 Rp 300)

• Suku bunga tetap serta peningkatan daya beli konsumen dapat mendukung pertumbuhan penjualan residential dan komersial emiten properti dengan rasio profitabilitas tertinggi di sektornya (13%).

• Entry: (1) Rp 295, Entry (2) Rp 285, Cut loss point: Rp 280

4.   Bank BRI (BBRI) (BUY) (Target: Rp 6.550) (close30/05 Rp 6.400)

• Proyeksi laba analis paling tinggi untuk 2012 dari semua bank big cap memberikan valuasi PER 2012F sangat murah untuk BBRI yaitu 10x, dan bisnis micro consumer lending yang unik membuatnya terinsulasi dari competitor bank asing lainnya.

• Secara technical mulai ada perbaikan ke tren positif dengan daily stochastic mencoba menukik diatas neutral 50-line 

• Entry(1) Rp 6.350, Entry (2) Rp 6.150, Cut loss point: Rp 6.050

Dibuat oleh:

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 31 Mei 2011

Berikut rekomendasi beberapa sekuritas untuk perdagangan Selasa, 31 Mei 2011.

1. E-Trading Securities

IHSG kemarin turun 6,24 poin (-0,17%) ke level 3.826,14 dengan net buying asing Rp 196,9 miliar. Secara teknikal, pelemahan indeks berhasil tertahan garis support MA 20 dengan candlestick yang membentuk pola spinning top. Untuk hari ini, IHSG diperkirakan bergerak di kisaran 3.797–3.849. Amati BBRI dan BJBR.  

2. Kresna Sekurindo

Stochastic yang golden cross masih membuka peluang bagi IHSG untuk menguji kembali level tertingginya. Untuk hari ini, indeks diperkirakan berada di rentang 3.800-3.850. TLKM dan INDY menjadi saham pilihan kami.

3. Trimegah Securities

Penetrasi resistance di 3.850 kemarin tertahan akibat profit taking sejumlah saham unggulan. Perlambatan ekonomi Eropa dan data industri Jepang yang relatif kurang baik diperkirakan membuat indeks bergerak moderat di kisaran 3.810–3.850.