Rekomendasi HD Capital, 12 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Jumat, 12 Agustus 2011.

BUY:  PGAS, ASII, BBRI, ADRO

• Proses upward retracement IHSG dari keadaan jenuh jual (oversold) untuk menguji resistance atas di moving crossover dead cross average 5 dan 50 harian (3.920) sudah dimulai rekomen melirik emitten big cap yang masih mempunyai gap atas yang belum tertutup. 

• IHSG close (11-08) 3.840.141(-23.069/-0.60%) (Val.Rp.3.6T)

• Support: 3.730-3.650-3.550, Resistance: 3.925-4.060

 

Stock picks:

1.     Perusahaan Gas Negara (PGAS) (BUY) (Target Rp 3.575) (Close 11/08 Rp 3.350)

• Diperkirakan fair value fundamental saham ini seharusnya di atas Rp 3.300 dan secara technical memang ada price gap antara Rp 3.525-3.600 yang belum tertutup sehingga membuka potensi untuk kenaikan harga.

• Entry (1) Rp 3.350, Entry (2) Rp 3.250, Cut loss point: Rp 3.175.

 

2.    Astra International (ASII) (BUY): (Target: Rp 69.500) (Close 11/08: Rp 67.000)

• Dilihat dari daily stochastic 5 harian yang sudah mulai berjalan menyebrang 50-line, momentum kenaikan sedang dibangun di ASII sehingga potensi untuk meneruskan perjalanan ke resistance price gap Rp 69.500

• Entry (1) Rp 67.150, Entry (2) Rp 66.000, Cut loss point: Rp 65.000.

 

3.    Bank BRI (BBRI) (BUY): (Target: Rp 6.950) (Close 11/08 Rp 6.450)

• Sektor perbankan memiliki kapitalisasi terbesar di IHSG (33%) sehingga bisa dipastikan akan memimpin momentum market dalam technical rebound.

• Outlook suku bunga dan kepercayaan konsumen masih optimis didukung oleh rupiah stabil dan tidak terpengaruhnya sector mikro UKM terhadap factor luar. 

• Entry: (1) Rp 6.350, Entry (2) Rp 6.250, Cut loss point: Rp 6.150

 

4.   Adaro Energy (ADRO) (BUY): (Target: Rp 2.550) (Close 11/08 Rp 2.300).

• Sektor pertambangan batubara (coal) memiliki 20% dari kapitalisasi IHSG, dimana emiten dengan kapitalisasi terbesar adalah ADRO, yang secara teknikal memang berpeluang untuk menutup price gap atas di Rp 2.550 dalam jangka waktu dekat ini.

• Entry: (1) Rp 2.250, Entry (2) Rp 2.200, Cut loss point: Rp 2.100

Dibuat oleh:

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas,12 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Jumat, 12 Agustus 2011.

1.E-Trading Securities

IHSG kemarin ditutup naik 5,7 poin (0,15%) ke level 3.869. Asing masik mencetak net selling, kali ini Rp 651 miliar. Secara teknikal, IHSG masih berpotensi menguat melihat indikator stochastic yang masih bergerak uptrend. Hari ini, indeks diprediksi bergerak pada range 3.828-3.906. Cermati GGRM , PTBA, dan DEWA.

2. Sinarmas Sekuritas

Pada perdagangan Jumat (12/8), secara teknikal, indeks diperkirakan akan bergerak mixed dengan kecenderungan menguat pada kisaran 3.817-3.893. Saham-saham yang dapat diperhatikan untuk speculative buy adalah GGRM, UNVR, BSDE, CMNP.

3. Sucorinvest Central Gani

Penguatan indeks kemarin terjadi di tengah-tengah penurunan bursa global akibat kekhawatiran penyebaran krisis utang Eropa. Secara teknikal, IHSG hari ini diperkirakan berfluktuasi pada kisaran 3.807-3.891. Buy BTEL, INDF, UNVR, hold BNBR, MEDC, TINS, dan sell BNGA.

4. Universal Broker Indonesia

IHSG hari ini diprediksi bergerak mixed. Investor diperkirakan masih wait and see dan menanti pergerakan Dow Jones. Jika Dow Jones mampu rebound dengan kembali ke level diatas 11.000, indeks akan bergerak di level resistance 3.870-3.875 dan support 3800. Investor asing kini dilanda kepanikan, sehingga terus membukukan net selling. Saham-saham blue chip yang bisa dikoleksi antara lain ASII, BMRI, BBRI, INDF. Sementara untuk lapis kedua, amati  MAPI, CPIN, GJTL.  

Indonesia's July tin exports rise 4.5 pct yr/yr

Indonesia's refined tin exports rose 4.5 percent in July from the same month last year but were down almost 15 percent from last month, an official at the trade ministry said on Tuesday. 

Indonesia, the world's top tin exporter, shipped 9,265.72 tonnes of refined tin in July, compared with 8,869.51 tonnes in July last year, trade ministry data showed. In June, tin exports were 10,875.25 tonnes. 

Trade ministry data showed that Indonesia's tin exports from January until July this year were 59,430.23 tonnes. 

"Tin production is normal so far, however with prices dropping recently, output and export volume are automatically following the price trend," said Rudi Irawan, vice chairman at the Indonesian Tin Industry Association and director at independent smelter CV Stania Prima.

At 0506 GMT, benchmark tin on the London Metal Exchange was at $22,500 a tonne after falling by 7.6 percent on Monday, as investors dumped riskier assets in a global rout triggered by fears political leaders are failing to tackle debt crises in the United States and Europe.

Tin struck a record high above $33,000 in April. 

A crackdown on illegal mining on the main producing islands of Bangka and Belitung, tighter export rules, declining onshore reserves and rain that has hindered production in Indonesia helped drive the tin rally earlier this year. 

Indonesia expects to produce 90,000 tonnes of refined tin this year, up from 78,965 tonnes in 2010, on expectations of improved weather conditions.

Indonesia's dry season started in most areas around May-June, the Climatology, Meteorology, and Geophysics Agency has said. Source: Reuters

Indonesia's cement sales in July rise 17 pct y/y

Indonesia's cement sales, an indicator of economic growth in Southeast Asia's biggest economy, rose 17 percent in July from a year ago, data from the Indonesian Cement Association (ASI) showed on Thursday. 

Sales in July were above the association's expectation of a 6 percent rise, supported by demand for housing, offices and hotel construction by the private sector, Urip Trimuryono, chairman of the association. Source: Reuters

Rekomendasi HD Capital, 10 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Kamis, 11 Agustus 2011.

BUY:  ASRI, ASII, CPIN, ADRO

• Bila terjadi koreksi kembali untuk menutup price gap bawah akibat kenaikan terlalu tajam kemarin bisa dijadikan momentum untuk akumulasi karena IHSG sudah masuk tahap konsolidasi untuk menahan downtrend lebih lanjut.

• IHSG close (10-08) 3.863.641(+128.460/+3.44%) (Val.Rp.3.6T)

• Support: 3.730-3.650-3.550, Resistance: 3.925-4.060

Stock picks:

1.     Alam Sutera (ASRI) (BUY) (Target Rp 430) (Close 10/08 Rp 405)

• Outlook sektor property masih optimistis, rekomen mengambil posisi pada koreksi pullback untuk menutup gap bawah antara Rp 395-375.

• Entry (1) Rp 390, Entry (2) Rp 375, Cut loss point: Rp 365

 

2.    Astra International (ASII) (BUY): (Target: Rp 69.500) (Close 10/08: Rp 67.850)

• Bila terjadi koreksi untuk kembali menutup price gap antara Rp 66.000-64.000 rekomen akumulasi untuk proses upward retracement.

• Entry (1) Rp 66.000, Entry (2) Rp 64.100, Cut loss point: Rp 62.550.

 

3.    Chaoren Pokphand (CPIN) (BUY): (Target: Rp 2.800) (Close 10/08 Rp 2.575)

• Permintaan ayam  yang diperkirakan meningkat untuk sisa akhir tahun depan, cost import bahan makanan yang turun dari menguatnya kurs dan proses produksi integrated merupakan katalis positif untuk akumulasi pada pullback atau koreksi minor.

• Entry: (1) Rp 2.475, Entry (2) Rp 2.300, Cut loss point: Rp 2.150

 

4.   Adaro Energy (ADRO) (BUY): (Target: Rp 2.550) (Close 09/08 Rp 2.450).

• Sektor pertambangan batubara (coal) memiliki 20% dari kapitalisasi IHSG, dimana emiten dengan kapitalisasi terbesar adalah ADRO, yang secara teknikal memang berpeluang untuk menutup price gap atas di Rp 2.550 dalam jangka waktu dekat ini.

• Entry: (1) Rp 2.350, Entry (2) Rp 2.250, Cut loss point: Rp 2.175

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 11 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Kamis, 11 Agustus 2011. 

1. E-Trading Securities

IHSG kemarin ditutup naik 128,5 poin (3,44%) ke level 3.863.58 mengikuti kenaikan bursa global. Namun, asing masih membukukan net selling, kali ini Rp187 miliar. Secara teknikal, IHSG masih berpotensi melanjutkan penguatan, melihat candlestick yang membentuk pola bullish dan stochastic berpotensi membentuk golden cross. Hari ini, indeks diperkirakan bergerak pada range 3.793-3.905 dengan kecenderungan menguat. Cermati UNTR, BSDE, dan KLBF.

2. Reliance Securities

Sentimen positif datang dari data surplus perdagangan Tiongkok yang semakin melebar dan keputusan The Fed mempertahankan suku bunga rendah hingga dua tahun ke depan. IHSG kembali bergerak pada tren bullish dengan batasan selanjutnya level  3.909. Potensi upside masih luas. IHSG saat ini bergerak menuju Wave B elliot pada 3.987. Stoploss berada di level 3774. Saham-saham yang masih menarik PGAS, BORN, ADRO dan KLBF.  

3. Sucorinvest Central Gani  

IHSG hari ini diperkirakan menguat pada kisaran 3.807-3.891. Short term MA bearish, sementara long term MA bullish. Namun, klinger oscillator underperform mendatar di area negatif, demikian dengan daily MACD. Buy ADRO, BYAN, hold AKRA, ASII, BBCA, BBRI, BDMN, dan sell TLKM.

4. Sinarmas Sekuritas

Pada perdagangan Kamis (11/8), secara teknikal, indeks diperkirakan akan bergerak mixed dengan kecenderungan menguat pada kisaran 3.850-3.940. Saham-saham yang dapat diperhatikan ADRO, BMRI, ASII, UNTR

Bank Indonesia Will Use Dollars to Buy Government Bonds

Bank Indonesia will use dollars to buy rupiah government bonds in order to manage cash reserves and maintain the stability of the currency, it announced today. 

The central bank will buy the debt at special auctions, said Hendar, Bank Indonesia’s director of monetary policy, who goes by only one name. 

“We’ll hold auctions if the rupiah depreciates because of investors selling government bonds,” he said. “With this tool, the central bank can manage the volatility of the currency, and at the same time it will add to Bank Indonesia’s stock of government bonds.” 

Indonesia’s growth outlook and relatively high yields are luring funds from developed nations with near-zero interest rates, creating volatility in the rupiah. Another round of so- called quantitative easing, increasing the amount of U.S. funds available to be invested abroad, looks more likely after the Federal Reserve said yesterday it was prepared to employ additional tools to spur the world’s largest economy. 

The rupiah strengthened 0.6 percent to 8,533 per dollar as of 4:43 p.m. in Jakarta and has advanced 5.2 percent this year. Bank Indonesia left borrowing cost unchanged at 6.75 percent yesterday. It last raised its benchmark rate by 25 basis points, or 0.25 percentage point, in February. Consumer prices rose 4.61 percent in July from a year earlier, easing from a 5.54 percent gain in June. Source: Bloomberg

Good time now to buy Indonesian stocks: Schroders

An increasingly uncertain economic outlook in the United States and Europe will have relatively little effect on Indonesia's robust fundamentals, instead offering investors a good opportunity to buy equities in Southeast Asia's largest economy, a Schroders fund manager said.

Indonesia's main stock market index , Southeast Asia's best performing equity market, has gained around 4 percent this year.

In line with other volatile equity markets, however, Jakarta stocks fell more than 6 percent on Tuesday, as investors worried about the debt crises in the United States and Europe.

"The Indonesian economy should be relatively less impacted but the stock market should be very much correlated with the volatility of the global stock markets," Kiekie Boenawan, head of investment at Schroder Investment Management Indonesia (SIMI), said in an email late on Tuesday.

"It should present a good opportunity to accumulate Indonesian equities as fundamentals are not impacted as much -- relative to other developed economies."

Asian stocks clawed back some lost ground on Wednesday, following a rebound in U.S. shares, after the Federal Reserve made an unprecedented pledge to keep interest rates near zero for at least two years, stemming a global equity rout for the time being.

But economic growth in the archipelago of 17,000 islands is expected to be 6.6 percent this year, and growing slightly higher in 2012.

"The impact on the Indonesian economy will be relatively less due to Indonesia's low exposure to exports and also due to the low leverage of the economy," added Boenawan. "Most companies are experiencing net cash or very little debt.

"Assuming a 6 percent real growth and an average of 5 percent inflation, we could reasonably expect the stock market to deliver around 13 percent growth in return and dividends next year from this level."

TOP HOLDINGS The Jakarta-based fund company was established in 1991. At the end of July, SIMI had $6.9 billion under management, with around 75-80 percent invested in equities and the remaining in fixed income assets.

Investment decisions in each SIMI fund is based upon contributions and ideas from the investment team of analysts and portfolio managers.

Astra International , Indonesia's biggest listed firm and main vehicle distributor, Bank Mandiri and Bumi Resources are among the main holdings of its equity funds, according to data on its website.

Property stocks are a top pick for Schroders' Indonesian funds, due to the rising levels of middle-income earners and low interest rates, Boenawan said.

Indonesia's central bank held its benchmark overnight policy rate at 6.75 percent on Tuesday for a sixth straight month after July inflation slowed to a 14-month low.

"Property sectors have also been experiencing a surge in demand and prices mainly on the back of rising middle income affluence, low interest rate, and rising direct investments in Indonesia," Boenawan said.

Indonesia expanded at a robust 6.5 percent on year in the second quarter of 2011, at a time when the outlook for the global economy is increasingly uncertain.

"Despite the rising demand and prices in the real physical market, the prices of the property stocks have yet to fully reflect its fundamentals," he added.

Least favoured Indonesian equities for Schroders include telecommunication firms due to a crowded business space, and cement companies.

"For telecommunication, the industry is crowded and has been experiencing fierce price competition since the last 3 years," Boenawan said.

"For cements, although demand is quite robust especially given the rising property prices, the industry has not been able to raise prices further without inviting competition from imported clinkers." Source: Economic Times

Hankook in bidding for Indonesia’s P.T. Multistrada

Hankook Tire Co. Ltd., which recently broke ground on a $353 million tire plant in Indonesia, is among the bidders to buy Indonesia’s P.T. Multistrada Arah Sarana Tbk., whose flag brands are Achilles, Corsa and Strada.

Hankook confirmed it’s involved in the bidding process for Bekasi, Indonesia-based P.T. Multistrada, which reported $220 million in sales in fiscal 2010 and $117 million through the first six months of 2011. The firm generates about three-fourths of its revenue from exports.

News reports from Indonesia also identify TPG Capital L.P.—which last year acquired Huntersville, N.C.-based American Tire Distributors Holdings Inc.—and Japan’s Yokohama Tire & Rubber Co. Ltd. as companies engaged in the bidding process.

P.T. Multistrada has operated under that name since 2004, when investors took over P.T. Oroban Perkasa and undertook a three-year, $100 million modernization of the plant in Bekasi. The firm lists annual capacities of 8.3 million consumer and 4.7 million motorcycle tires.

Multistrada also produces private label tires for a number of U.S. distributors.

Hankook did not comment on its reasons for bidding on Multistrada. The plant that Seoul, South Korea-based Hankook is building in Bekasi is designed to be an export base for the North America and Middle East markets, as well as a regional business hub for emerging Asian markets.

During the first phase of development, Hankook said it anticipates initial capacity of approximately 6 million tires per year, with more than half of that capacity dedicated to the U.S. market. Source: Tire Business

Saham-saham yang dominan dibeli asing, 9 Agustus 2011

Saham-saham yang dominan dibeli asing, Selasa 9 Agustus 2011.

Kode saham                       Volume                   Jual                      Beli

AALI	2,399,000	441,000	642,000
ABDA	790,000	0	250,000
ACES	89,000	10,500	89,000
ADMG	61,332,500	215,000	1,536,500
AISA	9,964,500	0	2,377,500
AKRA	36,511,000	2,342,500	4,398,500
AMAG	13,891,500	0	1,000,000
ASGR	13,247,000	30,000	951,000
BBKP	49,072,000	798,000	4,151,000
BBTN	16,877,000	143,000	3,593,000
BHIT	123,168,500	502,000	7,578,000
BKSL	393,797,000	1,372,000	23,250,000
BLTA	27,083,500	179,000	491,500
BMTR	10,518,000	367,000	5,342,500
BPFI	231,000	0	200,000
BRAU	17,102,000	0	6,516,500
BRMS	12,203,500	0	3,090,500
BUDI	7,033,000	0	3,573,000
BWPT	16,438,500	137,000	8,691,000
BYAN	155,500	76,500	153,000
CFIN	27,152,000	700,000	6,399,500
CPIN	71,861,500	4,735,000	6,587,000
DAVO	16,223,000	0	3,180,000
DEWA	620,481,500	2,582,500	11,188,000
EMDE	8,220,500	1,180,000	1,740,500
EMTK	165,000	0	157,500
ETWA	7,821,500	50,000	1,020,000
GZCO	1,638,500	0	1,011,500
IGAR	7,250,000	0	4,219,000
IMAS	3,528,500	675,500	1,615,000
INCO	15,544,500	3,585,500	6,643,000
INDY	12,712,500	2,250,500	2,542,500
JAWA	7,113,000	10,000	300,000
JPFA	5,528,000	66,000	357,500
JPRS	8,240,500	50,000	100,000
JSMR	15,548,000	826,500	977,500
JTPE	8,949,500	0	12,500
KIAS	2,871,500	0	17,500
KKGI	409,500	0	60,000
LPCK	61,011,500	488,000	506,500
LSIP	18,314,500	4,753,500	11,280,000
LTLS	1,828,000	0	633,000
MAIN	12,839,500	55,000	1,343,000
MDRN	403,000	182,000	348,500
MFIN	351,000	0	219,500
MICE	8,629,000	0	100,000
MITI	12,985,500	0	3,500,000
MLIA	208,000	0	124,500
MLPL	41,455,000	40,500	1,000,000
MNCN	13,115,000	1,095,500	3,730,000
MTLA	7,404,000	0	4,406,000
PGAS	131,774,500	17,221,500	19,573,000
PNIN	3,471,500	0	275,000
PNLF	17,335,500	1,280,000	4,450,000
PTPP	6,071,500	133,000	753,500
PWON	12,854,000	130,000	1,598,000
RDTX	96,500	0	96,500
ROTI	162,500	0	70,500
SCMA	295,500	50,500	257,500
SGRO	3,877,000	42,000	576,500
SIMP	49,004,500	9,090,000	11,394,000
SIPD	220,219,500	0	7,000,000
SMCB	7,321,000	598,000	1,226,000
SMRA	3,456,500	1,276,500	1,312,000
TBLA	41,327,500	14,000	541,500
TOTL	1,953,500	5,000	329,000
TRUB	204,185,000	0	500,000
TURI	6,795,500	0	1,628,000
UNSP	203,229,500	606,000	8,708,500
WICO	1,181,000	0	50,000
WIKA	5,397,000	544,000	933,500

Rekomendasi HD Capital, 10 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Rabu, 10 Agustus 2011.

BUY:  PGAS, ASII, BBRI, ADRO

• Proses upward retracement IHSG dari keadaan jenuh jual (oversold) untuk menguji resistance atas di moving average 5 harian (3.960) sudah dimulai rekomen melirik emiten big cap yang masih mempunyai gap atas yang belum tertutup.

• IHSG close (09-08) 3.767.641(-82.768/-2.15%) (Val.Rp.3.6T)

• Support: 3.730-3.650-3.550, Resistance: 3.925-4.060

Stock picks:

1.     Perusahaan Gas Negara (PGAS) (BUY) (Target Rp 3.550) (Close 09/08 Rp 3.225)

• Diperkirakan fair value fundamental saham in seharusnya di atas Rp 3.500 dan secara technical memang ada price gap antara Rp 3.525-3.600 yang belum tertutup sehingga membuka potensi untuk kenaikan harga.

• Entry (1) Rp 3.200, Entry (2) Rp 3.050, Cut loss point: Rp 2.975.

 

2.    Astra International (ASII) (BUY): (Target: Rp 69.500) (Close 09/08: Rp 64.100)

• Outlook penjualan mobil dan suku bunga yang masih kondusif membuat investor asing melirik saham dengan kapitalisasi terberar di IHSG yang masih belum menutup price gap atas di Rp 69.500 sehingga masih ada potensi upside.

• Entry (1) Rp 63.800, Entry (2) Rp 62.700, Cut loss point: Rp 61.550.

 

3.    Bank BRI (BBRI) (BUY): (Target: Rp 6.950) (Close 09/08 Rp 6.400)

• Sektor perbankan memiliki kapitalisasi terbesar di IHSG (33%) sehingga bisa dipastikan akan memimpin momentum market dalam technical rebound.

• Outlook suku bunga dan kepercayaan konsumen masih optimis didukung oleh rupiah stabil dan tidak terpengaruhnya sector mikro UKM terhadap faktor luar.

• Entry: (1) Rp 6.300, Entry (2) Rp 6.100, Cut loss point: Rp 5.900

 

4.   Adaro Energy (ADRO) (BUY): (Target: Rp 2.550) (Close 09/08 Rp 2.250).

• Sektor pertambangan batubara (coal) memiliki 20% dari kapitalisasi IHSG, dimana emiten dengan kapitalisasi terbesar adalah ADRO, yang secara teknikal memang berpeluang untuk menutup price gap atas di Rp 2.550 dalam jangka waktu dekat ini.

• Entry: (1) Rp 2.250, Entry (2) Rp 2.200, Cut loss point: Rp 2.100

 

Dibuat oleh:

Yuganur Wijanarko

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

Franciscus Welirang Jual 12.750 Saham Indofood

Franciscus Welirang yang menjabat sebagai wakil direktur utama PT Indofood Sukses Makmur Tbk (INDF) menjual 12.750 saham INDF yang dimilikinya pada 4 Agustus 2011. Harga jualnya adalah Rp 6.500/saham.

Demikian keterbukaan informasi Franciscus Welirang kepada Bursa Efek Indonesia, hari ini.

Anak Usaha Indika Raih Kontrak US$ 746,3 Juta

Anak perusahaan PT Indika Energy Tbk (INDY), yakni PT Tripatra Engineers and Constructors (TPEC) bersama-sama dengan Samsung Engineering Co Ltd (konsorsium) telah menandatangani kontrak dengan Mobil Cepu Ltd senilai US$ 746,3 juta.

Kontrak yang ditandatangani pada 5 Agustus 2011 itu untuk pengerjaan EPC1 Production Processing Facilities yang terletak di Banyu Urip, Kabupaten Bojonegoro. "Bahwa sesuai dengan persyaratan yang ditentukan dalam kontrak dan untuk menjamin pelaksanaan pekerjaan kontrak oleh TPEC kepada Mobil Cepu Ltd, perseroan (INDY) telah menandatangani parent company guarantee tertanggal 5 Agustus 2011," jelas Corporate Secretary INDY Dedy Happy Hardi.

TPG, Hankook, Yokohama bid for Indonesia tyre maker-sources

* Salim Group, Tanuri eye over 40% stake sale for at least $200 mln-sources

* Acquisition will trigger mandatory offer for rest of shares-sources

* TPG placed bid with Northstar Pacific affiliate-sources 

Buyout firm TPG Capital, South Korea's Hankook Tire and Japan's Yokohama Rubber are among bidders for a controlling stake worth at least $200 million in Indonesian tyre maker PT Multistrada Arah Sarana , three sources told Reuters. 

Multistrada, Indonesia's No. 2 tyre maker, is controlled by one of the country's biggest conglomerates, the Salim Group, and veteran investment banker Peter Tanuri. Together they own over 44 percent of the firm through direct and indirect stakes and have effective control of the company through its board. 

An acquisition of a controlling stake by bidders would trigger a mandatory offer for the rest of the shares, which are publicly held, two of the sources said. Multistrada had a market value of about $360 million, based on Monday's close. 

The controlling shareholders have hired HSBC as adviser, and bids went in on Friday last week, two sources said.

Hankook Tire confirmed its bid in a regulatory filing on Tuesday. A decision could be made as early as this week, according to two sources with knowledge of the matter.

Sources were not authorised to speak to the media. 

Multistrada's vice president and director J Sukarman told Reuters the firm had not been informed by shareholders of any plans to sell. TPG, Salim Group and Tanuri could not immediately be reached for comment. Yokohama and HSBC declined to comment. 

Multistrada shares rose as much as 4 percent on news of the Hankook Tire bid, bucking a 1 percent fall in the benchmark Jakarta share index . 

Multistrada, which ships over 70 percent of its output to foreign markets, including the United States and Europe, produced 8.1 million tyres last year. 

Its net profit edged up to 176 billion rupiah ($21 million) last year, while revenue jumped 19 percent to 2.01 trillion rupiah, according to company accounts. 

TPG has bid jointly with its Indonesia affiliate Northstar Pacific, sources said. TPG in 2010 acquired U.S. company American Tire Distributors for $1.3 billion. ($1 = 8507.000 Indonesian Rupiah). Source: Reuters

Saham-saham yang dominan dibeli asing, 8 Agustus 2011

Saham-saham yang dominan dibeli asing, Senin 8 Agustus 2011.

Kode saham                         Volume                  Jual                      Beli

AALI	985,500	225,500	287,500
ADMG	70,742,500	9,000	3,171,500
AISA	5,844,000	0	369,000
AMAG	35,173,500	500,000	2,500,000
AUTO	2,415,500	40,500	108,500
BBKP	32,787,500	1,327,000	4,134,000
BBLD	2,268,500	0	250,000
BBTN	47,543,500	5,567,000	15,916,000
BHIT	70,715,500	502,000	5,153,000
BMTR	9,931,000	107,000	3,791,000
BNBR	783,346,500	3,695,000	28,466,000
BNGA	6,426,500	695,500	4,226,000
BPFI	220,000	0	219,000
BSIM	2,115,000	5,000	24,000
BTPN	1,576,000	60,000	168,500
BUDI	5,850,000	0	3,018,000
BVIC	43,930,000	0	250,000
BWPT	13,330,000	8,087,000	10,774,000
BYAN	139,000	88,500	135,000
CLPI	8,168,500	0	2,105,000
CMNP	36,321,000	2,747,000	5,109,500
CTRA	20,624,000	1,371,000	2,317,500
CTRS	7,848,000	10,000	1,000,000
DEWA	366,878,500	1,190,000	5,153,500
DILD	12,523,500	114,500	1,020,000
ELTY	481,254,500	40,182,000	78,585,000
EMDE	9,853,000	2,033,500	3,078,500
EMTK	153,000	0	148,000
ENRG	916,703,000	28,932,000	38,600,000
EPMT	279,500	0	200,000
GPRA	15,105,000	0	29,000
GZCO	5,797,000	0	2,258,500
HEXA	1,419,000	311,000	1,083,500
IGAR	2,777,500	0	93,000
INCO	18,175,500	942,500	4,468,500
INTA	62,743,500	15,000	4,195,000
INVS	418,000	163,500	271,500
IPOL	66,154,500	0	11,500,000
ISAT	2,559,000	950,000	1,698,500
JAWA	12,367,500	685,000	2,000,000
JPFA	7,527,500	289,000	1,688,500
JPRS	3,320,500	0	342,500
KIAS	2,710,000	0	72,500
KKGI	669,000	38,000	175,500
KRAS	62,572,500	475,000	10,732,500
LPCK	40,734,500	172,000	5,647,000
LSIP	24,060,500	10,067,000	12,873,000
LTLS	793,000	0	13,000
MAIN	12,697,500	0	268,000
MASA	50,822,000	193,000	8,429,500
MDRN	325,000	21,000	141,000
META	9,413,000	0	378,000
MITI	19,092,500	0	5,000,000
MNCN	15,181,500	1,859,500	7,898,500
MPPA	6,060,000	100,500	106,000
MTLA	3,472,500	0	3,000,000
MYOR	475,500	122,500	206,000
NISP	60,000	0	58,500
PANS	1,608,500	0	230,000
POLY	40,690,500	0	1,619,500
PTIS	1,195,500	0	700,000
PTPP	6,495,500	33,000	1,501,000
ROTI	854,000	229,000	309,500
SDRA	4,869,000	0	759,500
SIPD	218,512,500	504,500	1,010,000
SMCB	7,888,000	1,262,500	1,310,000
SMGR	11,070,000	4,417,500	4,916,500
SMRA	11,676,000	5,499,500	8,600,500
SMSM	2,395,500	0	75,000
SSIA	53,376,500	225,000	1,915,500
TBLA	40,761,000	732,500	1,504,000
TLKM	32,303,000	6,521,000	26,658,500
TOTL	990,000	0	80,000
TRST	4,571,500	0	701,500
UNSP	153,242,000	1,788,000	8,866,000
UNVR	4,377,000	1,104,000	1,542,500
WIKA	2,847,000	47,000	625,000

Rekomendasi HD Capital, 9 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Selasa, 9 Agustus 2011

BUY: (BBCA, ENRG, ADRO, KLBF)

• Rebound pada sesi 2 di IHSG berhasil menurunkan level minus dari -200 pt hingga tinggal sisa 71pt sehingga potensi technical rebound dapat terjadi karena pada dasarnya bargain hunting oleh investor asing sudah dimulai.

• Dalam koreksi dalam biasanya emitten dengan PER tinggi di sektornya atau di grup perusahaan akan dilirik terlebih dahulu versus PER rendah.

• IHSG close (08-08) 3.850.44 (-71.377.42/-1.82%) (Val.Rp.3.8T) 

• Support: 3.730-3.580, Resistance: -3.880-3.925-4.064

 

Stock picks:

1.       Bank BCA (BBCA) (BUY) (Target Rp 8.250) (Close 05/08 Rp 8.050)

• Dalam koreksi pasar di antara emiten perbankan, rekomen BBCA walaupun diperdagangkan di PER tinggi (valuasi mahal) merupakan yang paling efisien dan menguntungkan secara operational (NPM atau net profit margin tertinggi di sektornya).

• Entry (1) Rp 8.050, Entry(2) Rp 7.900, Cutloss point: Rp 7.700

 

2.    Energi Mega Persada (ENRG) (BUY): (Target: 215) (Close 08/08 Rp 205)

• Di dalam universe saham grup Bakrie, PER tertinggi (valuasi termahal) dipegang oleh ENRG sehingga bila ada rebound di grup tersebut biasanya ia yang akan bermain terlebih dahulu.

• Potensi earnings upgrade belum sepenuhnya di price in untuk saham ini.

• Entry: (1) Rp 200, Entry (2) Rp 195, Cut loss point: Rp 189

 

3.   Adaro Energy  (ADRO) (BUY): (Target: Rp 2.400) (Close 08/08 Rp 2.325)

• Dalam sektor batubara valuasi PER termahaldengan market cap terbesar dipegang ADRO, yang secara techincal juga lebih menarik dari lainnya karena posisi uptrend masih utuh.

• Entry (1) Rp 2.325, Entry (2) Rp 2.275, Cut loss point: Rp 2.225

 

4.       Kalbe Farma (KLBF) (BUY): (Target: Rp 3.350) (Close 08/08 Rp 3.175)

• Saham emiten produsen obat yang diuntungkan dari turunnya biaya import cost bahan baku obat dari menguatnya rupiah selama ini mempunyai valuasi PER tertinggi di sektor consumer sehingga cepat sekali membal pasca terjadinya koreksi.

• Entry: (1) Rp 3.150, Entry (2) Rp 3.125, Cut loss point: Rp 3.075

 

 

Dibuat oleh: 

Yuganur Wijanarko

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