Saham-saham yang dominan dibeli asing, 1 Juli 2011

Saham-saham yang dominan dibeli asing, Jumat 1 Juli 2011

Kode saham                     Volume                    Jual                       Beli

AALI	690,500	174,500	284,000
ADHI	4,479,000	0	859,000
ADRO	84,017,000	16,131,000	51,901,500
APLN	14,481,500	3,003,500	12,488,000
ARNA	14,570,500	219,000	499,000
ARTI	1,446,000	0	90,000
ASGR	2,028,000	0	445,500
ASII	5,997,500	1,509,000	5,062,000
ASRI	79,816,000	12,137,500	24,884,000
AUTO	9,684,000	75,000	219,500
BAYU	147,500	0	42,500
BBCA	13,508,500	5,158,000	8,237,000
BBKP	24,926,500	607,500	8,003,500
BBNI	27,770,000	4,734,500	22,104,000
BBRI	72,011,500	31,034,000	42,957,000
BBTN	32,273,500	257,000	11,479,000
BDMN	6,000,000	1,413,500	2,972,500
BHIT	25,420,000	3,760,000	3,908,500
BISI	3,691,500	0	200,500
BKSL	194,904,000	6,300,000	8,060,000
BKSW	975,500	0	950,000
BLTA	14,347,000	3,679,500	5,635,500
BMRI	42,119,000	4,709,500	26,583,500
BMTR	4,936,500	0	146,000
BNBA	434,500	0	173,500
BNBR	282,357,500	0	48,882,000
BNLI	588,500	0	300,000
BORN	41,286,500	1,782,000	14,289,500
BSDE	7,828,000	374,500	6,047,000
BTEL	27,776,500	9,500	10,000,000
BUDI	7,610,500	0	174,000
BUMI	72,647,500	15,278,000	19,285,000
BVIC	4,337,000	0	400,000
BWPT	7,871,000	288,500	4,000,000
CFIN	5,199,000	0	1,310,000
CMNP	11,600,500	12,500	609,500
CPIN	60,051,000	17,198,500	33,905,000
CTRA	1,454,500	0	593,500
CTRP	4,985,000	0	2,500,000
CTRS	758,500	0	350,000
DEWA	200,141,500	0	3,597,500
DILD	11,296,500	0	1,004,000
DOID	79,926,000	4,792,500	8,529,000
ELTY	119,549,000	500	13,044,500
EMDE	2,983,500	0	1,000,000
ENRG	67,695,000	0	18,256,500
ETWA	377,000	0	200,000
FASW	2,010,000	0	150,000
FISH	45,500	0	42,500
GGRM	1,361,500	258,000	1,107,000
GIAA	3,101,000	0	20,000
GJTL	3,993,000	793,500	2,360,000
GPRA	1,065,500	0	9,500
GREN	4,119,000	0	50,000
HEXA	1,813,000	30,000	344,500
ICBP	16,248,500	276,500	12,145,500
IMAS	1,761,500	0	267,500
INDF	21,978,000	943,500	14,101,000
INDS	7,700,500	4,000	154,000
INDY	6,254,000	0	1,326,500
INKP	4,754,000	0	580,000
INTA	38,196,000	475,000	2,031,000
INTP	4,979,000	1,199,500	3,131,500
ISAT	7,445,500	646,000	1,826,500
ITMG	1,330,000	399,000	663,000
JPFA	10,192,500	908,000	2,500,500
JSMR	17,905,500	206,500	8,912,000
KIAS	204,500	0	42,500
KKGI	223,000	20,000	71,000
KLBF	22,965,500	1,433,000	6,499,000
LCGP	71,888,000	500,000	1,000,000
LPKR	115,436,000	13,884,500	18,060,000
LSIP	18,840,000	2,110,000	2,798,500
LTLS	851,000	0	250,500
MBSS	6,206,500	0	200,000
MDRN	124,000	0	69,500
MEDC	1,454,500	441,500	629,500
META	1,007,500	0	214,500
MNCN	5,045,000	2,074,000	2,823,500
NISP	15,500	0	13,000
POLY	4,736,000	0	200,000
PTBA	3,489,500	608,500	650,500
PWON	17,358,000	0	1,125,000
PYFA	7,416,000	0	100,000
RALS	389,500	0	180,500
ROTI	250,500	14,500	107,500
SCMA	173,500	30,500	97,500
SIMP	4,190,000	0	597,500
SIPD	62,415,500	0	750,000
SMCB	8,624,500	65,000	2,400,000
SMGR	17,001,500	5,726,000	7,850,000
SMSM	2,123,500	0	19,000
SULI	866,000	0	406,500
TBLA	10,769,500	0	868,000
TINS	9,070,000	2,206,000	2,308,500
TLKM	15,127,000	7,462,500	9,849,500
TOTL	621,500	0	200,000
TRAM	74,125,500	0	1,111,500
TRST	45,738,000	875,000	1,875,000
UNSP	54,102,500	0	6,182,500
UNTR	5,033,000	2,224,000	3,303,500
UNVR	2,561,000	572,500	1,994,500
WINS	4,691,000	0	235,000

Indonesia cbank gov sees inflation slowing to 5 pct by end-2011

Bank Indonesia Governor Darmin Nasution said on Friday he expected annual inflation to slow to reach 5 percent by the end of 2011, within the central bank's target range of 4-6 percent.
"Looking at the figures and the trend, inflation will slow down and move to hit five percent at year-end," Nasution told reporters after June inflation data.

The annual consumer price index in June eased to a one-year low of 5.54 percent, the data showed earlier on Friday . The slowing inflation and Nasution's comments underline economists' expectations that Bank Indonesia may now be able to leave rates on hold at 6.75 percent all year. Source: Reuters

Garuda Indonesia to buy 4 Airbus 330s this year-minister

Indonesian flag carrier Garuda Indonesia plans to buy four Airbus 330 aircraft this year, industry minister M.S. Hidayat told reporters on Friday. Source: Reuters

Pemegang Saham Pan Brothers Jual 49 Juta Saham

Salah seorang pemegang saham PT Pan Brothers Tbk (PBRX) bernama Edy Suwarno menjual 49 juta saham yang dimilikinya. Jumlah kepemilikan saham tersebut setara dengan 1,6% dari total modal disetor PBRX.

Edy yang beralamat di Taman Kebon Jeruk ini menjual 49 juta saham PBRX pada 23 Juni 2011 di harga Rp 475/saham. Tujuan penjualan untuk keperluan pribadi.

Sinar Mas Multiartha Suntik Modal Sinar Mas Multifinance Rp 120 Miliar

PT Sinar Mas Multiartha Tbk (SMMA) menyuntik modal PT Sinar Mas Multifinance yang merupakan anak perusahaan perseroan. Suntikan modal dilakukan sebesar Rp 120 miliar. Hal itu disampaikan Direktur Utama Sinar mas Multiartha Doddy Sutanto dalam keterbukaan informasinya kepada Bursa Efek Indonesia.


Jumlah tambahan setoran modal tersebut tidak melebihi 20% dari ekuitas perusahaan, sehingga tambahan setoran modal tidak bersifat material, jelas Doddy.

 

France's LaFarge may invest 300 mln euros in Sumatra -minister

French cement maker LaFarge may invest 300 million euros ($425.67 million) in a new cement plant in Sumatra, Indonesia's industry minister said on Friday. ($1 = 0.705 Euros). Source: Reuters

Indonesia's inflation slows further in June

Indonesia said Friday that inflation slowed further in June, easing pressure for the central bank to raise interest rates. The statistics agency said the consumer price index reached 5.54 percent, down from May's 5.98 percent.

The rate has slowed consistently over the past few months. May's figures was slightly down from April's 6.16 percent and well off March's 6.65 percent.

"We have a pretty good figure for June. This means the central bank won't have to rush to increase its interest rate," Bank National Indonesia economist Rosady Montol said.

The data comes as the central bank battles to keep prices down while also trying to cap huge inflows of foreign cash from investors seeking higher interest rates than in the West.

Bank Indonesia kept its key rate steady at 6.75 percent last month.

From a month earlier, the inflation rate was up 0.55 percent, compared with a 0.12 percent rise in May. The agency said prices for several food items, such as rice, rose unexpectedly.

Indonesia's annual core inflation, which excludes volatile food prices, reached 4.63 percent In June, slightly lower than 4.64 percent in May.

Saham-saham yang dominan dibeli asing, 30 Juni 2011

Saham-saham yang dominan dibeli asing, Kamis 30 Juni 2011.

Kode saham                    Volume                          Jual                   Beli

AALI	1.479.500	182.500	837.000
ADHI	2.250.000	0	907.500
ADMG	18.049.000	84.000	494.500
ADRO	67.064.500	12.478.000	50.999.000
AKRA	12.170.000	2.452.500	3.285.000
AMFG	521.000	3.500	130.000
ASGR	1.886.500	50.000	948.000
ASII	5.020.500	1.940.000	3.363.000
ASRI	90.486.500	1.178.000	22.307.000
BBCA	26.567.500	9.364.500	18.668.000
BBKP	4.002.000	0	500.000
BBNI	31.312.000	9.571.500	16.635.000
BBRI	40.579.000	5.820.000	16.781.000
BBTN	4.998.000	1.136.000	1.770.000
BHIT	28.787.000	14.063.000	15.908.000
BIPI	100.355.500	0	476.500
BISI	4.135.500	0	297.500
BJBR	9.652.500	0	439.000
BKSL	46.067.500	0	2.270.500
BMRI	53.128.500	9.485.500	35.832.500
BNBA	2.955.000	0	833.500
BNBR	286.779.000	5.573.500	11.448.000
BNII	461.000	0	315.000
BRAU	40.731.000	5.690.000	16.000.000
BSDE	10.525.000	754.500	5.213.500
BUDI	19.872.500	2.725.500	7.110.500
BULL	139.099.000	0	90.000.000
BUMI	161.908.500	57.335.000	62.318.500
BUVA	18.929.000	0	50.000
BVIC	2.519.000	0	99.500
BWPT	4.656.500	0	55.500
CLPI	7.141.000	0	100.000
CMNP	12.649.000	39.000	1.961.000
CPIN	56.666.500	11.162.500	31.293.500
CTRA	6.066.500	1.560.000	2.466.500
CTRP	1.634.000	0	144.500
DEWA	119.415.000	0	33.447.000
DILD	7.464.000	0	727.000
DOID	41.985.500	8.086.000	9.199.500
EKAD	35.648.000	746.000	1.006.000
ELTY	103.845.500	6.860.000	31.102.000
EMDE	3.665.500	0	3.000.000
ENRG	290.050.000	13.150.000	71.672.000
ETWA	165.000	0	100.500
EXCL	5.330.500	1.309.000	1.990.000
FASW	968.500	0	234.000
GGRM	2.346.000	891.500	1.594.000
GJTL	7.019.000	125.500	1.163.000
GZCO	9.512.500	0	537.500
HEXA	1.811.500	51.000	391.000
HMSP	25.500	0	8.000
HRUM	8.215.500	3.361.500	3.083.000
ICBP	3.616.500	246.500	3.138.000
IMAS	1.101.000	0	53.000
INAF	14.541.500	0	15.000
INDF	29.156.000	1.164.000	20.497.000
INDY	8.191.500	22.000	4.843.000
INTA	38.928.500	25.000	1.762.500
INTP	4.321.000	926.000	3.352.000
INVS	361.000	176.000	251.000
ISAT	3.722.500	648.000	2.186.500
JPFA	10.458.500	660.000	2.608.500
JRPT	49.000	0	49.000
JSMR	16.022.000	1.739.000	8.781.000
KAEF	12.788.000	2.062.500	4.680.000
KIJA	103.897.000	400.000	18.364.500
KLBF	8.961.500	837.500	3.162.000
KRAS	7.136.500	0	367.000
LCGP	72.922.000	50.000	200.000
LPCK	1.212.000	0	210.000
LPKR	127.963.000	18.407.500	53.954.000
LPPS	6.655.500	0	2.500.000
MAIN	5.028.500	10.500	368.000
MAPI	7.374.500	4.309.500	5.418.000
MDRN	309.500	0	291.500
MEDC	1.884.500	28.500	710.000
META	1.794.000	0	801.500
MICE	90.478.000	2.060.000	2.972.500
MLPL	9.035.500	0	826.000
MNCN	3.278.500	1.216.500	2.131.000
MYRX	25.894.000	50.000	662.000
NISP	52.500	0	30.500
PBRX	7.507.500	0	1.420.000
PWON	28.822.000	0	2.078.000
PYFA	44.139.000	750.000	1.184.500
ROTI	179.000	49.000	131.500
SCMA	263.000	25.500	86.500
SGRO	3.856.500	20.000	510.000
SIMP	35.473.500	7.439.000	21.067.500
SIPD	90.552.000	0	500.000
SMCB	8.464.000	93.500	6.348.500
UNSP	51.171.500	260.000	12.091.000
UNTR	11.219.500	1.392.000	6.268.000
UNVR	2.543.500	815.500	2.029.000
WIKA	1.293.500	7.000	350.500

BUMI Plc Buy More Bumi Resources Shares

Vallar announces that Bumi plc has today entered into sale and purchase agreements with a number of shareholders in Bumi Resources (the "Selling Bumi Resources Shareholders"), pursuant to which Bumi plc has agreed to purchase, and the Selling Bumi Resources Shareholders have agreed to sell, an aggregate of 800,325,500 shares in the capital of Bumi Resources (representing approximately 3.9 per cent. of the issued ordinary share capital of Bumi Resources) in consideration of the issue to the Selling Bumi Resources Shareholders of 13,880,082 Bumi Voting Ordinary Shares ("the Bumi Resources Step-Up Acquisitions"). 

These transactions are expected to close on or around 5 July 2011, at which point the Group's total shareholding in Bumi Resources will be increased to approximately 28.9 per cent. 

As a result of the issue of Bumi Voting Ordinary Shares to the Selling Bumi Resources Shareholders, 5,948,607 Bumi Suspended Voting Ordinary Shares, issued to the Bakrie Group on the closing of the Bumi Resources Transaction, will convert into Bumi Voting Ordinary Shares on a one-for-one basis. 

Supplementary Prospectus

Bumi plc will shortly publish a supplementary prospectus (the "Supplementary Prospectus") in connection with the application for admission of Bumi Voting Ordinary Shares, including those issued and converted following completion of the Bumi Resources Step-Up Acquisitions as described above, to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities. 

The Supplementary Prospectus should be read and construed in conjunction with the prospectus published by Bumi plc dated 17 June 2011 (the "Prospectus").

A copy of the Supplementary Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do. Copies of the Supplementary Prospectus will also be available from Bumi plc's registered office.

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Prospectus and Supplementary Prospectus. 

For further information, please contact:

Vallar: 020 7518 8189

Nick von Schirnding

J.P. Morgan Cazenove: 020 7588 2828

Ian Hannam

James Taylor

Finsbury: 020 7251 3801

Ed Simpkins

Charles Chichester

This announcement has been issued by and is the sole responsibility of the Company.

This announcement is an advertisement and not a prospectus and you should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the Prospectus and Supplementary Prospectus published by Bumi plc in connection with the admission and proposed admission of certain of its ordinary shares to the premium listing segment of the Official List of the Financial Services Authority and to trading on London Stock Exchange plc's main market as more particularly described in the Prospectus. Copies of the Prospectus are available for inspection at Vallar's registered office at 12 Castle Street, St. Helier, Jersey JE2 3RT and Bumi plc's registered office at 2nd Floor, Ibex House, 42-47 Minories, London EC3N 1DX. 

J.P. Morgan Limited (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), which is authorised and regulated by the Financial Services Authority, is acting for Vallar and Bumi plc and no one else in connection with the Bumi Resources Step-Up Acquisitions (as defined in the Supplementary Prospectus) and the Proposals and will not be responsible to anyone other than Vallar and Bumi plc for providing the protections afforded to clients of J.P. Morgan Cazenove. 

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities. 

The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security, therefore this announcement does not constitute a public offering in Indonesia under Law Number 8 of 1995 regarding Capital Market.

This information is provided by RNS

The company news service from the London Stock Exchange

END

Indonesia says French firms to invest $2 bln in geothermal

Indonesia's investment chief Gita Wirjawan said on Friday that French firms have pledged to invest about $2 billion in geothermal power in the country, and will start looking at the prospects this year.

The pledge comes as executives at some French firms including energy major Total are accompanying France's Prime Minister Francois Fillon on a state visit to Jakarta on Friday.
With hundreds of active and extinct volcanoes, Indonesia holds an estimated 28,000 megawatts (MW) of geothermal energy potential, but only produces 1,189 MW in geothermal power. The country aims to produce another 3,967 MW by 2014.

The potential remains largely untapped so far because the high cost of geothermal energy makes the price of electricity generated expensive, and because of regulatory hurdles. Source: Reuters

Rekomendasi HD Capital, 1 Juli 2011

Rekomendasi HD Capital untuk perdagangan Jumat, 1 Juli 2011.

BUY: TLKM, BMRI, ADRO, BBRI

• Keadaan yang jenuh beli di IHSG akan mengakibatkan koreksi di beberapa emiten yang naik banyak dan dalam keadaan jenuh beil (overbought) namun akan membuka peluang untuk yang mengalami fase perubahan trend dari sideways (konsolidasi) ke positive sort term uptrend.

• IHSG close (30-06) 3.814.851(+32.629/-0.85%) (Val.Rp.4.2T)

• Support: 3.830-3.780, Resistance: 3,920-3.980

 

Stock picks:

1.      Telekomunikasi Indonesia (TLKM) (BUY) (Target Rp 7.600) (Close 30/06 Rp 7.300)

• Program buy back saham pemerintah yang sedang berjalan, valuasi PER 2011 yang termurah diantara semua big cap index drivers (9x) dengan profitabiltas (ROE 25%) lumayan dapat menjadi katalis unuk mendorong TLKM keluar dari sideways trend dengan resistance kunci di price gap atas yang belum tertutup (Rp.7.300-7.450).

• Entry (1) Rp 7.250, Entry (2) Rp 7.100, Cut loss point: Rp 6.950

 

2.    Bank Mandiri (BMRI) (BUY): (Target: Rp 7.450) (Close 30/06: Rp 7.200)

• Pembentukan high high di Rp 7.200 setelah lima hari terkonsolidasi dengan volume yang cukup besar memberikan harapan bahwa saham perbankan big cap ini mulai keluar dari tahap sideways tren membentuk minor uptrend channel untuk mendekati all time high di Rp 7.350.

• Entry (1) Rp 7.150, Entry (2) Rp 7.050, Cut-loss point: Rp 6.900

 

3.    Adaro Energy (ADRO) (BUY): (Target: Rp 2.525) (Close 30/06 Rp 2.425)

• Dengan bergeraknya daily stochastic menukik diatas 50-line memberikan kemungkinan besar bahwa trading range selama lima hari yang terjadi antara level Rp 2.325-2.400 akan breakout ke target atas di Rp 2.525.

• Bila hal yang diatas terjadi maka daily MACD akan memberikan signal buy untuk confirm baha tren sudah beralih ke jangka pendek naik (minor uptrend)

• Entry: (1) Rp 2.400, Entry (2) Rp 2.325, Cut loss point: Rp 2.275

 

4.   Bank BRI (BBRI) (BUY): (Target: Rp 6.800) (Close 30/06 Rp 6.550).

• Saham ini kelihatannya mulai memberikan tanda untuk melakukan breakout dari triangle, sehingga bila ada minor pullback medekati lower end di Rp 6.450-6.300 rekomen melakukan akumulasi untuk target projected measured move dari breakout formasi ke Rp 6.800.

• Entry: (1) Rp 6.450, Entry (2) Rp 6.300, Cut loss point: Rp 6.150

 

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 1 Juli 2011

Rekomendasi beberapa sekuritas untuk perdagangan Jumat, 1 Juli 2011.

1. E-Trading Securities

IHSG kemarin naik 58 poin (1,52%) ke level 3.888. Net buying asing mencapai Rp 988 miliar. Secara teknikal, indeks kemarin berhasil menguat dengan candlestick yang membentuk pola white marubozu yang mengindikasikan sinyal bullish continuation.  Hari ini indeks akan bergerak pada range 3.850-3.919. Cermati INTP, BBCA, dan BMRI.

2. Sinarmas Sekuritas

Pada perdagangan Jumat (1/7), secara teknikal, indeks diperkirakan bergerak mixed pada kisaran 3.850-3.890. Pengumuman data inflasi nasional serta perkembangan krisis utang Yunani masih akan mewarnai pergerakan indeks. Saham-saham yang dapat diperhatikan BBNI, HEXA, AALI, JSMR

3. Sucorinvest Central Gani

IHSG hari ini diperkirakan berfluktuasi menguat dengan potensi profit taking pada kisaran 3.873-3.901. Indikator short term MA memberi sinyal bullish, demikian dengan long term MA. Sedangkan daily MACD bergerak naik di area positif.  Buy ADRO, INTP, JSMR, TLKM, sell ANTM, BTEL, BUMI.

Vallar: China Investment Corp wants BUMI paid cash

London-listed Vallar , the controlling shareholder of Asia's biggest thermal coal exporter Bumi Resources , said sovereign wealth fund China Investment Corp wanted its $1.9 billion loan to Bumi to be repaid in cash. 

"CIC wants cash, not swap its loan with CB (convertible bonds)," Vallar's CEO Ari Hudaya told Reuters. Source: Reuters

S&P withdraws Energi Mega Persada rtg at the company's request

Standard & Poor's Ratings Services said today that it had withdrawn its 'CCC+' corporate credit rating on Indonesia-based oil and gas producer PT Energi Mega Persada Tbk. (EMP) at the company's request. 

At the time of the withdrawal, the developing outlook on EMP reflected our view that the company's rating hinged on the resolution of existing covenant breaches.

We could have raised the rating if EMP refinanced existing bank loans, adhered to its operating budgets and capital expenditure, and improved its financial performance in line with our expectations of the ratio of adjusted debt to EBITDA of about 6.5x in 2011.

We expected a maximum one-notch improvement in the rating on EMP under this scenario, considering the company's vulnerable business risk profile and highly leveraged financial risk profile. Conversely, we could have downgraded EMP if its liquidity deteriorated due to refinancing delays and covenant breaches, leading the company to alter or restructure any of its debt instruments. We would have considered this a default, based on our criteria. Source: Reuters

Indonesia y/y June inflation seen just above 5 pct-stats bureau head

Indonesia's June inflation is expected to be slightly above 5 percent from a year ago, Rusman Heriawan, chief of the country's statistics bureau said on Tuesday, triggering expectations that the central bank will have room to hold rates again when meeting on July 12. 

Inflation had slowed to a seven-month low of 5.98 percent in May as food prices eased and rupiah appreciation helped curb imported inflation. Source: Reuters

Semen Gresik to raise capacity by 12 pct next yr

Semen Gresik , Indonesia's largest cement maker by output, aims to raise capacity to 23 million tonnes next year from 20.5 tonnes currently, CEO Dwi Sutjipto said on Tuesday. 

The company, which sees production this year at 19.5 million tonnes, plans to build a plant in Kalimantan worth $350 million, in addition to two planned factories in Sumatra and Java islands worth $350 million each.

It also plans to delay issuing $300 million of bonds to 2012 from an earlier plan in the first half this year, said Sutjipto. Source: Reuters

Indonesia may limit fuel subsidies this year

Indonesia's government may limit consumption of subsidised fuels this year to keep the budget deficit at a maximum of 2.1 percent of the GDP, vice finance minister Anny Ratnawati said on Tuesday. Source: Reuters

Japan Sumitomo, Mitsui sign Indonesia gas cooperation pact

Japan's Sumitomo and Mitsui have signed an agreement with Indonesia's BPMigas to develop gas projects from its marginal fields, the Southeast Asian country's oil and gas watchdog said on Tuesday. 

State-run Japan Bank for International Cooperation (JBIC) also said it had agreed with BPMigas to cooperate in fostering development of natural gas projects, in which the bank will finance the gas projects prepared by the two firms. 

"The two companies are willing to develop integrated gas projects, meaning that they are willing to develop upstream to downstream gas projects," Gde Pradnyana, BPMigas's spokesman told reporters. 

He added that Sumitomo and Mitsui would develop marginal fields and the output would be used for domestic demand. 

BPMigas said the two companies would soon start with the feasibility study to find out which fields have the potential to be developed.

JBIC said the deal would help secure stable energy supplies to Japan and create natural gas-related business opportunities for Japanese firms.

The cooperation agreement would benefit both Indonesia, whose domestic gas demand is increasing, and Japan, which is highly dependent on LNG supply from Indonesia, said Nobuyuki Higashi, JBIC's head for Asia and Oceania Finance Department.

Indonesia, the third-biggest exporter of liquefied natural gas (LNG) to Japan, exported 12.8 million tonnes to Japan, the world's biggest LNG importer, last year. 

"The Japanese companies want to develop the marginal fields so Indonesia's total output will increase and all stakeholders will enjoy the benefit," Higashi added. Source: Reuters

Indonesia aims to start floating LNG production in 2016

Indonesia in the race to be first floating LNG producer

* Abadi's final investment decision could come in 2012

* Indonesia looks to develop floating projects in Natuna field

Indonesia aims to bring a floating liquefied natural gas (LNG) project off the Timor Island online by 2016, two years earlier than expected, an official from the country's oil and gas regulator said on Wednesday. 

"The official date is 2018, but we are looking to accelerate that to 2016," Agoes Sapto Rahardjo, senior manager of LNG at BPMigas told Reuters on the sidelines of an industry conference in Singapore. 

An earlier start date puts Indonesia in race with Australia and Malaysia to be the first country to produce LNG from a floating plant. Rising energy consumption in the world's fastest-growing major economies China and India is prompting exporters to ramp up output to feed demand. 

Inpex Corp , Japan's top oil and gas developer, in December said it expected LNG production from the Abadi gas field it operates in the Masela block to start in 2018.

The project's final investment decision (FID) could come as early as next year, Rahardjo said. Inpex had set an end-2013 deadline for the FID. 

Indonesia approved an initial development plan for the Abadi plant at the end of last year. The floating LNG project will have a capacity of 2.5 million tonnes per year (tpy), lower than a previously proposed 4.5 million tonnes. 

"After evaluating the risks and the financing structure we decided to go with 2.5 million tonnes. If we see an opportunity later we might expand, but now we're focussed on this first project," said Rahardjo. 

Inpex has a 90 percent stake in the Masela block in Maluku province, while PT Energy Mega Persada , a unit of the Bakrie Group, holds the rest.

Indonesia is also looking at opportunities for developing floating LNG project in other fields such as the huge Natuna gas field, Rahardjo said. 

State oil and gas firm PT Pertamina signed agreements last year with Exxon Mobil , Total and Petronas as partners in the development of the Natuna.

The gas industry has its hopes pinned on floating LNG production to unlock stranded resources in far-flung fields as demand for the fuel soars.

Royal Dutch Shell (RDSa.L) expects to start production at its 3.6 million tpy Prelude plant offshore Australia, the first floating LNG project to be sanctioned, by 2017. Source: Reuters

Bumi listing brings Indonesia's Bakries to London

* Bumi Plc, formerly Vallar, lists in London

* Bakrie family holds 55 percent stake

* Transparency key to easing governance worries, experts say

Shares in Bumi Plc , the mining venture founded by Nat Rothschild, listed under their new name on Tuesday, giving Indonesia's Bakrie family a foothold in London and rekindling debate on the governance of premium-listed firms. 

The politically connected Bakries have 55 percent of Bumi after a complex deal last year that transformed what was then Vallar, a shell set up by Rothschild, into a sizeable player with stakes in two Indonesian coal firms. 

The Bakries have only 29.9 percent of voting rights, a limit intended to protect minority investors. But the potential catapulting of one of Indonesia's best-known political and financial families into the bluechip FTSE 100 index has revived debate over corporate governance safeguards in the sector, particularly in resources firms with large majority owners. 

Indra Bakrie, Bumi's chairman, is the younger brother of tycoon Aburizal Bakrie, chairman of the Golkar party, part of Indonesia's ruling coalition. 

Though not uncommon elsewhere, hefty founder-shareholders are unusual in U.S. and UK markets where ownership tends to be dispersed, and miners like Fresnillo , Antofagasta and Vedanta -- all majority owned by their founding families -- have been viewed with caution by some institutional investors. 

In large part, opaque communications are to blame, and both fund managers and governance experts agree transparency will be key to the success of companies wanting to use the London market to cash in on the commodities boom. 

"You just have to come clean," the head of UK equities at a British fund management house said. 

"If you are in this part of the world, that is one of the major issues you are going to face. A lot of the time (investors) don't know whether something is happening or not until afterwards, which is another reason why a lot of (managers) won't go into these things." 

Potential pitfalls came to the fore earlier this month with a messy power struggle between the board and major shareholders at Kazakh miner ENRC . The spat has left the company bruised, shares battered, and saw two high-profile independent directors ousted.

COMING CLEAN

The solution for Bumi, governance experts agree, will be remaining as open as it was in its listing prospectus, which detailed fraud risks and allegations of graft among risks to investors over 20 pages. 

In one instance, it detailed allegations by an Indonesian tax official at the centre of a high profile corruption trial who said subsidiaries Bumi Resources, KPC and Arutmin paid him $3 million to settle tax disputes. 

Bumi said Indonesian police had found insufficient evidence to file charges against Bumi Resources, and internal investigations found the allegations "groundless".

But Tuesday's listing of Indonesia-focused Bumi could also serve to redress a corporate governance balance that often tips in favour of institutional investors. 

"We have to start being less suspicious about these new entrants to the market who are not playing the normal game of investing a small stake and want to buy a larger stake -- we have to recognise that has advantages," Roger Barker, head of corporate governance at the Institute of Directors, said. 

"Of course there may be an impact on the share price, a risk premium, but one has to decide - perhaps that is the price worth paying for the benefit of a long-term shareholder."

Rothschild, Bumi's co-chairman alongside chairman Indra Bakrie, expects Bumi to move into the FTSE 100 index later in the year, but there are still high-profile doubters. 

"It never occurred to those of us who helped launch the FTSE 100 index 27 years ago that one day it would be providing a cloak of respectability and lots of passive investors for companies that challenge the canons of corporate governance such as Vedanta, ENRC, Kazakhmys, Fresnillo," Richard Lambert, former head of the Confederation of British Industry (CBI) said. 

"Perhaps it is time for those responsible for the index to rethink its purpose," he wrote in a column in Tuesday's Financial Times focusing on Rothschild's second commodities venture, oil and gas shell Vallares. 

Rothschild joined forces with the Bakrie Group last year for Vallar to take a 25 percent stake in coal miner Bumi Resources and a 75 percent stake in Berau Coal Energy . 

Bumi Plc has since said it aims to increase its stake in Bumi Resources, Asia's biggest thermal coal exporter, to up to 50 percent. On Monday it said the stake stood at just under 29 percent after a deal with shareholders. Source: Reuters

Rekomendasi HD Capital, 30 Juni 2011

Rekomendasi HD Capital untuk perdagangan Kamis, 30 Juni 2011.

BUY: (ADRO, ENRG, UNSP, TLKM)

• Keadaan jenuh beli (overbought) menyebabkan IHSG bergerak dalam kisaran sideways (trend samping) namun masih optimistis bahwa proses untuk break all time high di 3.880 hanya tinggal menunggu waktu. 

• IHSG close (28-06) 3.830.270 (+16.84/+0.44%) (Val.Rp.3.4T)

• Support: 3.810-3.770, Resistance: 3,880-3.950

 

Stock picks:

1.     Adaro Energy (ADRO) (BUY) (Target Rp 2.550) (Close 28/06 Rp 2.400)

• Selain optimisme pasar bahwa produksi batubara akan kembali normal sesuai target di Q2 2011 dengan musim panas ini, secara technical ADRO memang sedang proses perbaikan tren dari sideways ke positif dan target breakout terlihat di Rp 2.550.

• Entry (1) Rp.2.375, Entry (2) Rp.2.325, Cut loss point: Rp.2.275

   

2.    Energy Mega persada (ENRG) (BUY): (Target: Rp 215-230) (Close 28/06 Rp 200)

• Walaupun saham BUMI melorot cukup tajam Jumat lalu, namun ENRG tetap dipertahankan di atas level psikologis Rp.200 sehingga dapat disimpulkan bahwa "smart money" memang mengalir ke emiten tersebut untuk antisipasi earnings recovery story yang dapat terlihat di laporan keuangan Q2 2011.

• Entry: (1) Rp 198, Entry (2) Rp 194, Cut loss point: Rp 185

 

3.   Bakrie Sumatra (UNSP) (BUY): (Target: Rp 450) (Close 28/06 Rp 420)

• Selain valuasi PER 2011 (7x) yang termurah di sektor CPO, tren naik di UNSP masih tetap utuh (pattern higher low masih terbentuk utuh) walaupun telah terjadi koreksi selama 5 hari berturut-turut sehingga rekomen akumulasi untuk technical rebound.

• Entry: (1) Rp 420, Entry (2) Rp 405, Cut loss point: Rp 395

 

4.       Telekomunikasi Indonesia (TLKM) (BUY): (Target: Rp 7.450) (Close 28/06 Rp 7.250)

• Program buy back saham oleh pemerintah di big cap index dengan valuasi PER 2011 termurah (9x) dapat menahan downside bila terjadi koreksi sehingga rekomen akumulasi untuk proses penutupan price gap atas di Rp 7.400 yang sempat tertunda ini.

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

 

 

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 30 Juni 2011

Berikut rekomendasi beberapa sekuritas untuk perdagangan Kamis, 30 Juni 2011.

1. E-Trading Securities 

IHSG pada perdagangan Selasa (28/6) naik 16,8 poin (0,44%) ke level 3.830, seiring membaiknya persepsi investor terhadap krisis utang Yunani. Net buying asing mencapai Rp 185 miliar. Secara teknikal, IHSG berhasil menguat dengan indikator Stochastic membentuk deathcross di area overbought. Hari ini, indeks diperkirakan bergerak di kisaran 3.809-3.854. Perhatikan CPIN, SMGR, dan INTA.

2. Sinarmas Sekuritas

Pada perdagangan Kamis (30/6), secara teknikal, indeks diperkirakan bergerak mixed dengan kecenderungan menguat pada kisaran 3.816-3.845. Saham-saham yang dapat diperhatikan TLKM, CPIN, EXCL, BBNI

3. Sucorinvest Central Gani

IHSG diprediksi berfluktuasi dengan potensi profit taking pada kisaran 3.812-3.844. Ini terlihat dari beberapa indikator teknikal. Hold ADRO, PTBA, SMGR, sell BBCA, BDMN, ISAT dan SMCB.