Jababeka Akuisisi Dua Perusahaan Properti Senilai Rp 1,5 Triliun

PT Kawasan Industri Jababeka Tbk (KIJA) mengakuisisi 100% saham PT Banten West Java Tourism Development (BWJ) dan 21,63% PT Tanjung Lesung Leisure Industry (TLLI) senilai Rp 1,5 triliun. Perjanjian jual beli bersyarat sudah ditandatangani pada 3 Agustus 2011 antara KIJA dengan Green Emerald Investment Ltd, PT Nuansa Duta Pratama, PT Bima Sakti Inti Pratama, PT Sapta Manunggal Investama (SMI), PT Tanjung Lesung Paradise, Bramelis Investment Ptd Ltd, dan Meadowood Capital Ltd, selaku penjual 874.520 saham BWJ atau setara 100% kepemilikan.

KIJA juga menandatangani perjanjian jual beli bersyarat dengan SMI, terkait pembelian 7.394.000 saham TLLI milik SMI yang mewakili 21,63% kepemilikan.

Direktur Utama KIJA Setyono Djuandi Darmono mengatakan, pelaksanaan rencana pembelian saham BWJ dan saham TLLI akan dilaksanakan setelah terpenuhinya persyaratan pendahuluan sebagaimana diatur dalam perjanjian-perjanjian tersebut di atas, termasuk bahwa rencana pembelian saham BWJ dan TLLI harus mendapat persetujuan pemegang saham KIJA.

 

Indika Tunjuk Petrosea Tangani Infrastruktur Pertambangan

PT Indika Energy Tbk (INDY) menunjuk PT Petrosea Tbk (PTRO) untuk menangani infrastruktur pertambangan PT Indika Indonesia Resources. Kerja sama ini telah ditandatangani pada 3 Agustus 2011.

Sekretaris Perusahaan INDY Dedy Happy Hardi mengatakan, transaksi tersebut termasuk dalam kategori transaksi dikecualikan dari kewajiban tertentu yang harus dilaksanakan, yakni tentang transaksi afiliasi dan benturan kepentingan tertentu mengingat transaksi tersebut merupakan kegiatan usaha utama anak perusahaan perseroan.

Wadirut Skybee Borong 3,2 Juta Lebih Saham Skybee

Adrian Kusnadi, wakil direktur utama PT Skybee Tbk (SKYB) memborong 3.217.500 saham Skybee pada 29 Juli 2011. Tujuan transaksi untuk investasi.

Dalam keterbukaan informasinya, Adrian mengaku membeli saham Skybee pada harga Rp 630/saham. Pada penutupan perdagangan hari ini, harga saham Skybee ditutup pada harga Rp 670/saham.

Indonesia's president: no need to panic over stock market drop

Indonesia's President Susilo Bambang Yudhoyono said on Friday there was no need to panic over a sharp drop in the local stock market, saying the country was better prepared than in 2008 to face any potential global crisis.

The stock market index fell more than 6 percent at one point on Friday amid a global sell-off sparked by concerns over the euro zone's debt crisis and fears that the U.S. economy could slide back into a recession.

Yudhoyono was addressing an unscheduled cabinet meeting following the latest global economic developments. Source: Reuters

Indonesia President Assures Economy In Better Shape Than 200

Indonesian President Susilo Bambang Yudhoyono said Friday that the domestic economy is better prepared to weather the risks of a potential global slowdown than it had been in 2008.

The president's comment follows those of other senior Indonesian officials aimed at calming the market after fears of a possible global double-dip recession fueled risk aversion, hurting the country's stock market and currency.

The Jakarta Composite Index, Indonesia's main stock index, was down 4.4% at 0818 GMT, off its intraday low. The rupiah declined, with the dollar trading at IDR8,550, up from IDR8,505 late Thursday. Traders suspected Bank Indonesia to have sold around $50 million to halt the rupiah's slide.

"We managed to minimize the impact of the 2008 global economic crisis...(Although) we hope what's happening in the U.S. and Europe do not lead to another crisis, it is our responsibility to anticipate and prepare ourselves, " Yudhoyono said.

"No need to panic as our current conditions are better than 2008," the president added.

Indonesia's economic growth slowed in 2009 due to the global economic crisis, but the country still managed to expand 4.5% thanks to its vast domestic market and relatively strong banking system.

Bank Indonesia Research Director Perry Warjiyo earlier in the day underlined that the country's foreign exchange reserves, the country's first line of defence against currency speculators, stood at $122.67 billion at the end of July, compared with $51.64 billion at the end of 2008. Source: Nasdaq.com

Indonesia's GDP Tops Forecast

Indonesia's economic expansion accelerated in the second quarter, beating analyst expectations as investment and export growth lifted the country's output. 
 

Analysts say the robust figures suggest full-year growth may exceed the government's target of 6.5% despite the fear of a possible global slowdown that has pummeled investor sentiment. 

Indonesia's gross domestic product grew 6.49% in the second quarter from a year earlier, accelerating slightly from 6.47% in the first quarter, the official Central Statistics Agency said Friday. 

The economy, Southeast Asia's largest, grew 2.9% from the previous quarter, almost doubling from the first quarter's 1.5% expansion. 

For the first half, economic output grew 6.5% from a year earlier, the agency said. The figures aren't seasonally adjusted. 

The second-quarter performance was slightly stronger than what analysts had been expecting: Economists polled by Dow Jones Newswires had given a median forecast of 6.47% on-year growth and 2.82% on-quarter expansion. 

"Things are still looking up for Indonesia, and we expect the economy to sustain its current pace of growth," OCBC economist Gundy Cahyadi said after the data release. He added that it is probable that full-year growth would exceed 6.5%. 

"Certainly, the strength of the global economy is a risk to reckon with, but the prevailing capacity seen in the domestic economy is likely to form the underlying support for growth prospect going into 2012," Mr. Cahyadi said, referring to the country's strong consumption power and investment projects. 

Mandiri Sekuritas economist Aldian Taloputra said his firm will raise its full-year growth forecast to 6.5% from 6.4%, citing continued strong investments and exports.

The statistics agency's deputy chairman, Slamet Sutomo, was even more bullish, predicting growth of 6.7% this year compared with 6.1% in 2010. 

Economists said the robust growth would continue to attract investments, a key driver of the economy that according to the statistics agency accounted for 32% of GDP.

Investments rose 9.2% from a year earlier during the April-June period, picking up from 7.3% in the previous quarter, the agency said.

Funds have been flowing into Indonesia in recent years thanks to an improving political climate, as security concerns ebb and on government efforts to cut the red tape investors must face when opening businesses. Interest continues to be damped, however, by the country's chaotic infrastructure. 

Exports, the other sector that propelled the economy in the second quarter, climbed 17.4% from a year earlier, accelerating from 12.3% growth in the first quarter.

Household consumption, the biggest component of the economy accounting for 54% of total output, grew a tad faster, rising 4.6% from a year earlier compared with 4.5% in the previous quarter. 

Government spending, meantime, grew 4.5% from a year earlier after having risen 3% in the January-March period. Source: Wall Street Journal

NuEnergy strengthens relationship with Indonesian partner

Melbourne-based NuEnergy Capital on Friday reported that it had signed a joint operating agreement with Indonesian partner PT Petramina Hulu Energi Metana Sumatera, in an effort to strengthen the relationship and capabilities between the two organisations.

NuEnergy would start drilling on its existing coal-bed methane tenements during the current quarter, with the first drilling well expected to start in September, on the Maura Enim PSC.

The tenement is located in South Sumatra, and comprises a combined area of 1 861 km² containing between 10 m and 40 m thick, low rank coal seams ranging in depth from 350 m to 1300 m.

The concessions appear robust for coal-bed methane development, said NuEnergy, adding that it contained thick sections of coal at optimal depths, and located close to existing oil and gas infrastructure.

NuEnergy was aiming to become a meaningful coal-bed methane producer in Indonesia, and plans to subject its acreage to a pilot hole exploration and appraisal drilling, as well as a pressurized coring programme to assess the reservoir characteristics of the coal beds, and the gas production attributes.

Should the pilot programme prove successful, NuEnergy was hoping to become one of the top-tier producers of coal-bed methane in Indonesia, within the next five years. Source: Miningweekly

Exxon will need $1.3 bln for full capacity at Cepu-BPMigas

* ExxonMobil says Cepu moving into full development phase

* U.S. major inks $746.3 mln engineering procurement deal

* ExxonMobil expected to award 4 other contracts before year-end 

Exxon Mobil Corp and its partners must invest $1.3 billion at the giant Cepu block if it aims to achieve full output capacity, Indonesia's oil and gas watchdog said, as the U.S. energy major tries to expedite crude recovery. 

The investment will be needed to build five construction facilities to enable the onshore oil block in Java, Indonesia's biggest oil find in over a decade, to reach peak production of 165,000 barrels per day (bpd), R. Priyono, chairman of BPMigas said in a statement on Friday. 

Block operator ExxonMobil is selecting contractors to build facilities to raise production from current output of around 20,000 bpd.

Mobil Cepu Ltd, a unit of ExxonMobil operating the block, also signed a previously announced $746.3 million engineering procurement contract to a consortium of Samsung Engineering and Tripatra Engineers & Construction. 

The contract is one of five needed to build full production capacity at the block.

Slow development of Cepu, after the first breakthrough was made in the Banyu Urip field in 2001, had previously brought ExxonMobil into dispute with Indonesian authorities, which threatened to revoke its operator status. 

ExxonMobil and Pertamina inked a development deal in 2006, ending a four-year impasse as the state-owned oil firm yielded to the major's calls to be the lead operator, easing the way for the country to reverse its declining production. 

Terry McPhail, President of Mobil Cepu Ltd, told reporters that when the firm first started working on the project, it had two development plans, with an initial target for 20,000 bpd. 

"We wanted it to get on so we could get something done quickly," he said. "In the meantime, we have been working on for full field development which is the 165,000 bpd.

"That project is now at the point where the contract we sign today starts the clock and sends us heading towards the point that we can start peak production." 

He added that a challenge for the project is to limit the impact on the people and communities living in the area, in eastern central Java.

"We had to acquire many thousands of tracks of land," he said.

"That means dealing with many land owners and negotiating individual deal with each one of them. That's a significant challenge," he said adding the project has now acquired enough land to enable them to proceed with the new phase of development towards gaining full capacity.

BPMigas said ExxonMobil and partners also expected to award four other contracts before the end of this year.

In April, ExxonMobil made a second discovery at the Cepu block, Kedung Keris.

Indonesia, a former OPEC member, had been expected to produce 970,000 bpd of oil this year. But BPMigas said in May realistic oil output would only be between 933,000 and 945,000 bpd in 2011. 

Southeast Asia's largest economy reached its peak oil production in 1977 with production at 1.65 million bpd. Source: Reuters

Rekomendasi HD Capital, 5 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Jumat, 5 Agustus 2011.

BUY: (ASII, BBCA, ITMG, KLBF)

• Imbas dari koreksi besar di Dow Jones membuka peluang untuk melirik saham big cap index driver yang mempunyai fundamental kuat terutama di emiten yang mempunyai valuasi termahal di sektornya (PER tinggi biasanya identik dengan rasio profitability tinggi).

• IHSG close (05-08) 4.122.44 (-14.42/-0.35%) (Val.Rp.3.8T) 

• Support: 4.065-3.996, Resistance: -4.175-4.250-4.300

 

Stock picks:

1.     Astra International (ASII) (BUY) (Target Rp 70.800) (Close 05/08 Rp 70.400)

• Bila terjadi koreksi dari efek regional rekomen akumulasi karena proyeksi penjualan mobil dan pertumbuhan emiten masih on-track

• Dari semua big cap index driver, posisi ASII sudah medekati level oversold karena sebelumnya telah terkoreksi lumayan jauh (dari high Rp 75.000).

• Entry (1) Rp 69.000, Entry(2) Rp 67.000, Cutloss point: Rp 65.500

 

2.    Bank BCA (BBCA) (BUY): (Target: Rp 8.600) (Close 05/08 Rp 8.600)

• Rekomen melirik bank swasta big cap index driver ini, walaupun mempunyai valuasi PER termahal, namun rasio Net profit Margin dan ROE merupakan tertinggi di sektornya juga, confirm teori bahwa "barang mahal memang bagus".

• Entry: (1) Rp 8.300, Entry (2) Rp 8.150, Cut loss point: Rp 7.950

 

3.   Indo Tambang Raya (ITMG) (BUY): (Target: Rp 48.300) (Close 05/08 Rp 48.300)

• Dari segi nominal harga dan valuasi PER, ITMG merupakan termahal di sektor batubara, alias selalu diperdagangkan di harga premium, dan biasanya investor asing meliriknya dahulu versus yang lain bila terjadi koreksi besar, karena mempunyai rasio ROE dan NPM tertinggi juga.

• Entry (1) Rp 47.100, Entry (2) Rp 46.200, Cut loss point: Rp 45.200

 

4.       Kalbe Farma (KLBF) (BUY): (Target: Rp 3.400) (Close 05/08 Rp 3.325)

• Saham consumer ini selalu diperdagangkan di valuasi premium sehingga bila terjadi koreksi akan membalik dengan cepat.

• Menguatnya rupiah selama ini membuat cost import bahan baku obat murah sehingga mendongkrak laba.

• Entry: (1) Rp 3.225, Entry (2) Rp 3.125, Cut loss point: Rp 2.975

 

 

Dibuat oleh: 

Yuganur Wijanarko

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

Westside quits Indonesia

Brisbane-based WestSide Corporation now owns a drill rig after abandoning its coal bed methane venture with Indonesia’s Bumi Resources, the Australian company has announced.

WestSide chief executive Julie Beeby said the company had originally signed agreements with Bumi and its subsidiaries Kaltim Prima Coal (KPC) and Arutmin Indonesia to focus on projects in Kalimantan. 

The company had already invested $2 million to date in the PT Seamgas Indonesia joint venture and had commissioned the rig Bumi acquired in 2008 for $4.2 million, she said.

"However, confirmation of WestSide's tenure and operatorship in these areas has not been forthcoming to enable us as the operator to progress from the Project Definition Study to an exploration campaign," she said. 

The entry of new participants in production sharing contracts, including Pertamina, Energi Mega Persada and Tata had further diluted the company’s potential interest and made the joint venture more complicated, Beeby said. 

The conclusion of the deal would give the chance to focus exclusively on its projects in the Bowen and Galilee basin and the Meridian SeamGas project, all in Queensland, she said.

"Investing to increase certified (proven and probable) reserves within our producing gas field, where we have the added benefit of immediate gas sales, offers a superior and timelier return on shareholders' funds than pursuing greenfield Indonesian prospects better suited to international energy majors," Beeby said. 

It also gave WestSide unencumbered ownership of the Schramm TXD 180 drill rig, which it had been using at its Tilbrook, Mount Saint Martin, Paranui and Pretty Plains project areas for Meridian SeamGas since October 2009. 

Beeby said the rig would be leased out at commercial rates when not required by WestSide. Bumi holds an 8.8% stake in the Australian company. Source: Upstream Online

HSBC Minta Perpanjangan Refloating Saham Bank Ekonomi

HSBC Holdings selaku pemegang saham PT Bank Ekonomi Raharga Tbk (BAEK) telah menjual 500 ribu saham BAEK pada harga rata-rata Rp 1.909/saham. Harga ini jauh di bawah harga tender offer yaitu Rp 2.652/saham.

Melihat kondisi ini, pemegang saham kemudian mengajukan permohonan perpanjangan waktu untuk dapat mengalihkan saham sesuai peraturan IX.9.1 kepada Bapepam-LK pada 18 Juli 2011. Hingga kini, pemegang saham BAEK masih menunggu jawaban Bapepam tersebut.

Sesuai ketentuan Bapepam, pemegang saham yang mengakuisisi saham perusahaan terbuka wajib melakukan tender offer. Setelah dua tahun, kepemilikan saham tersebut harus dilepas kembali kepada publik agar publik bisa memiliki 20% saham perusahaan.

Asia Leisure Jual 100 Juta Saham Bukit Uluwatu

PT Asia Leisure Network kembali menjual kepemilikan sahamnya pada PT Bukit Uluwatu Villa Tbk (BUVA) pada 14 Juli 2011. Jumlah saham yang dijual sebanyak 100 juta atau 3,5% dari seluruh modal setor BUVA.

Saham tersebut dijual pada kisaran harga Rp 400/saham, namun harga jual ini tanpa memperhitungkan unsur saham jaminan. "Tujuan transaksi adalah penjualan dan pembelian kembali saham," demikian penjelasan manajemen Asia Leisure yang beralamat di Talavera Officer Park, Lantai 10, Jl TB Simatupang, Cilandak ini.

Saham-saham yang dominan dibeli asing, 4 Agustus 2011

Saham-saham yang dominan dibeli asing, Kamis 4 Agustus 2011.

Kode saham                         Volume                   Jual                   Beli

ADMF	54,500	0	7,500
AMAG	52,404,000	400,000	8,225,000
AMFG	362,000	137,000	189,500
ANTM	14,002,000	1,538,000	5,488,500
APLN	17,688,000	259,000	3,206,000
ARNA	1,537,000	0	322,500
ASGR	36,148,000	80,000	465,000
AUTO	782,000	25,000	79,000
BBCA	7,277,500	3,372,500	4,481,500
BBKP	23,236,000	1,480,500	4,632,000
BDMN	8,032,000	1,724,500	3,438,500
BHIT	30,618,500	506,000	5,886,000
BIPI	11,037,000	311,000	1,000,000
BKDP	9,033,000	0	2,229,500
BMTR	5,174,000	409,500	2,819,000
BNII	643,000	0	300,000
BNLI	179,500	0	122,000
BORN	30,697,000	1,580,000	8,119,500
BRAU	7,679,500	0	2,838,000
BTPN	661,000	0	36,000
BUMI	105,605,500	20,902,500	33,977,000
BVIC	102,746,500	2,325,000	6,743,000
BWPT	19,088,500	425,500	3,213,000
CPIN	49,951,000	2,817,500	21,979,000
CTRP	5,806,000	490,000	1,000,000
CTRS	2,223,500	0	122,000
DEWA	224,183,500	311,000	29,649,500
DOID	31,492,500	256,000	3,860,000
DVLA	122,000	0	70,500
ELTY	333,785,500	3,096,000	8,486,000
ETWA	23,498,000	30,000	600,000
GDST	112,365,000	0	5,002,500
GGRM	1,666,000	593,500	1,223,500
GJTL	14,145,000	485,500	4,868,500
GZCO	12,961,500	0	8,000,000
ICBP	6,431,000	208,500	2,987,500
IMAS	2,262,000	668,000	1,584,500
INDY	6,901,500	126,000	1,542,500
INRU	270,500	45,000	269,500
INTA	48,924,500	0	2,490,000
INVS	331,000	138,500	241,500
IPOL	98,772,000	0	750,000
ISAT	1,887,000	350,500	1,130,500
JAWA	18,007,000	13,500,000	3,594,500
JPFA	4,181,500	318,000	624,000
JPRS	8,918,500	0	200,000
KAEF	3,894,000	1,890,500	2,000,000
KKGI	375,000	55,500	134,500
LSIP	6,801,500	617,000	2,484,000
MASA	38,858,500	50,000	1,025,000
MDRN	91,000	0	51,000
MNCN	21,828,000	6,716,000	14,617,000
MPPA	2,501,500	0	61,000
NISP	604,500	550,000	603,000
PJAA	672,500	80,000	300,000
PNBN	3,213,000	0	358,000
PNIN	13,726,000	0	1,900,000
PTIS	322,500	0	115,000
PTPP	6,257,500	33,000	2,348,000
RDTX	139,500	0	139,500
RUIS	2,556,000	50,000	90,000
SGRO	4,724,500	19,500	1,557,500
SIPD	466,239,500	8,010,000	52,000,000
SMRA	5,316,000	2,157,500	4,046,500
SMSM	2,902,500	215,000	916,000
TBLA	26,765,500	165,000	2,977,000
TCID	46,500	0	44,000
TKIM	1,661,500	0	32,500
TLKM	73,493,000	8,874,000	38,428,500
TOTL	1,080,000	10,000	830,000
TRST	6,393,000	0	2,193,000
UNSP	74,114,500	263,000	7,317,500
UNVR	8,674,000	1,162,500	2,131,000
WIKA	1,657,000	47,000	556,500
WOMF	339,500	0	15,000

Rekomendasi Beberapa Sekuritas, 5 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Jumat, 5 Agustus 2011.

1. Etrading Securities

IHSG kemarin turun 14 poin (-0,35%) ke level 4.122.09 terimbas sentimen negatif dari bursa global. Net selling asing mencapai Rp 554 miliar. Secara teknikal, indeks break dari support uptrend channel-nya. Hari ini, IHSG diperkirakan bergerak pada range 4.082-4.145 dengan kecenderungan terkoreksi terbatas. Perhatikan MAPI, MYOR, dan AALI.

2. Sinarmas Sekuritas

Pada perdagangan Jumat (5/8), secara teknikal, indeks cenderung bergerak melemah pada kisaran 4.077-4.168. Data pertumbuhan ekonomi Indonesia dapat memberikan sentimen terhadap indeks. Cermati TLKM, CPIN, GJTL, AUTO.

3. Sucorinvest Central Gani

IHSG diperkirakan melemah berfluktuasi pada kisaran 4.093-4.149. Empat indikator bergerak turun. Contohnya, daily MACD yang dead cross di area negatif. Hold INDF, UNVR, sell BBRI. BDMN, BTEL, PTBA, dan UNTR.