Saham-saham yang dominan dibeli asing, 24 Agustus 2011

Saham-saham yang dominan dibeli asing, Rabu 24 Agustus 2011.

Kode saham                      Volume                       Jual                    Beli

AALI	254,000	92,500	104,500
ACES	323,500	0	284,500
AKRA	12,852,500	1,492,500	3,441,000
AMFG	78,000	0	65,000
APLN	34,034,000	0	1,493,000
ASGR	2,014,500	0	231,000
ASRI	119,420,000	13,165,000	33,156,000
BAYU	159,277,000	285,000	1,300,500
BBNI	30,514,500	10,920,000	13,051,500
BBRI	42,878,500	13,576,500	18,303,000
BBTN	3,737,000	57,000	2,993,000
BHIT	16,430,000	0	2,601,500
BIPI	19,528,500	5,000	622,000
BJBR	14,993,000	1,555,000	1,767,500
BKSL	322,937,000	1,826,000	53,516,000
BNII	652,000	134,500	530,000
BNLI	80,500	5,000	62,500
BSDE	6,189,000	1,000,000	4,015,500
BTPN	673,500	500	67,500
BVIC	52,439,500	1,900,000	6,149,000
BWPT	13,680,000	920,000	9,104,500
BYAN	156,000	94,500	126,000
CFIN	8,558,000	2,291,500	3,457,000
CMNP	98,769,000	11,401,000	25,295,000
COWL	13,583,500	0	200,000
CPIN	49,961,500	4,277,000	17,719,500
CTRP	1,517,500	0	1,117,500
DEWA	47,131,000	0	13,841,500
DOID	6,493,500	0	904,500
ELSA	3,578,500	0	98,000
ELTY	351,144,000	1,114,000	6,769,500
ENRG	295,320,000	16,691,000	35,985,000
EPMT	415,500	0	300,000
EXCL	1,490,000	401,500	532,500
FASW	197,500	0	35,000
GIAA	4,264,500	0	364,000
GTBO	10,151,500	0	1,000,000
HDFA	15,233,000	0	5,062,500
HEXA	26,000	0	17,500
HRUM	10,791,500	27,000	4,582,500
IMAS	1,000,000	143,000	900,000
INKP	709,500	126,500	502,000
INRU	899,000	0	63,000
INTA	9,882,000	100,500	650,000
ISAT	1,202,000	678,500	1,128,500
JPFA	2,222,500	125,000	190,000
KRAS	9,356,000	0	172,500
LPKR	69,890,500	0	26,488,000
MNCN	14,791,000	2,058,500	9,222,000
MPPA	901,500	329,500	556,500
PGAS	62,543,000	20,593,500	21,389,000
PNBN	1,569,000	157,000	186,500
PNIN	201,000	0	77,000
PTIS	122,000	0	100,000
PTPP	3,207,000	0	1,328,500
PWON	11,391,500	0	1,854,000
PYFA	8,176,500	0	150,000
SAIP	392,500	0	15,000
SGRO	653,500	167,500	239,000
SMCB	1,351,000	323,000	597,000
SMGR	5,612,000	3,295,500	4,217,500
SMRA	2,764,000	629,500	1,918,000
SSIA	59,011,000	5,646,500	9,946,000
STAR	40,714,500	50,000	90,000
TBLA	5,950,000	12,500	1,449,500
UNSP	83,956,000	0	18,975,000
WIKA	4,909,000	0	2,661,500
WINS	2,922,500	1,267,000	1,507,500

Outlook HD Capital untuk bulan September 2011

Monthly Strategy-Aug (24-08-2011) (BUY): 

“September ceria di IHSG"

• Koreksi telah terjadi sekarang menunggu September ceria: Koreksi cukup dalam dari high di 4.125 telah membawa IHSG hingga mengetes 3.570 (12%) dalam waktu yang sangat singkat namun IHSG berhasil membal dari support baru du 3.570 dan selama lebih dari 2 minggu sudah tidak membentuk new low lagi, dan kelihatannya upaya proses recovery minor uptrend untuk kembali ke 4.125 sedang terjadi.

• Rally pasca lebaran: Beberapa katalis positif yang akan keluar di libur lebaran seperti data pertumbuhan GDP Indonesia, inflasi yang diperkirakan sesuai ekspektasi hingga membuat BI menahan rate tetap serta laporan keuangan 9-bulan emiten dan mitos terjadi window dressing di bulan September akhir membuat pelaku pasar cenderung akumulasi versus distribusi.

• Regional: Dunia menanti stimulus QE3 dimana akan terjadi inflow lagi ke aset berisiko emerging market dan melemahnya dolar AS dapat membuat IHSG berlari positif di atas 4000.

• Rekomendasi Portofolio & Target Price 1-bulan:

 

Ticker	TP 1 bln	PER11F	PBV11F	ROE11F
ASII	Rp.75.300	16x	4x	26%
CPIN	Rp.3.400	19x	9x	49%
ADMG	Rp.900	6x	2x	33%
BBRI	Rp.6.850	11x	4x	32%
BMRI	Rp.7.450	13x	3x	25%
BJBR	Rp.1.180	9x	2x	21%
BBCA	Rp.8.450	20x	5x	26%

 

 

 

 

Dibuat oleh: 

Yuganur Wijanarko

 Senior Research HD Capital.

 

(Yuganur@hdx.co.id)

Rekomendasi Beberapa Sekuritas, 25 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Kamis, 25 Agustus 2011.

1. E-Trading Securities

IHSG hari ini ditutup turun 33 poin (-0,86%) ke level 3.847 mengikuti penurunan yang terjadi di sejumlah bursa regional. Net selling asing mencapai Rp 200 miliar. Secara teknikal, indeks diperkirakan akan bergerak konsolidasi di kisaran 3.798-3.883. Cermati BSDE dan ELTY.

2. Sinarmas Sekuritas

Pada perdagangan Kamis (25/8), secara teknikal, indeks diperkirakan akan bergerak mixed dengan kecenderungan melemah pada kisaran 3.823-3.889. Saham-saham yang dapat diperhatikan antara lain PTBA, HEXA, BSDE, CMNP

Indonesia's Toba Bara eyes up to $400 mln IPO - sources

* Coal miner Toba Bara eyes valuation up to $2 bln - sources

* Toba Bara controlled by former minister and general Luhut Panjaitan

* Hires Morgan Stanley, CLSA, Citigroup, Mandiri as underwriters - sources 

Indonesian thermal coal miner Toba Bara Sejahtera plans to raise around $400 million via an initial public offering late this year or early 2012 to tap investor demand in the world's biggest thermal coal exporting nation, four sources with direct knowledge of the matter told Reuters. 

Indonesia's coal output is estimated to rise at least 10 percent annually over the next five years. Industry associations expect production to reach 340 million tonnes this year.

The offering by the miner, controlled by former industry minister and former army general Luhut Panjaitan, would be the third planned by Indonesian coal firms this year. 

"The firm is working with its advisers to prepare the IPO and is looking to launch it by the end of the year or early next year," one of the sources said. 

Another source said the firm, which produced around 6 million tonnes of thermal coal in 2010 from mines in Kalimantan and is planning to increase output to 9 million tonnes this year, is looking at a market valuation of up to $2 billion. 

Toba Sejahtera has appointed Morgan Stanley , Citigroup , CLSA Asia-Pacific Market and local brokerage Mandiri Sekuritas as underwriters, the sources said. 

The sources declined to be identified as the deal is not made public yet. All four underwriters declined to comment. Toba Bara was not available for comment. 

The IPO would also follow the listing of others thermal coal miners including PT Berau Coal in August 2010 that raised over $150 million and Harum Energy that raised $320 million in October. 

Riau Bara Harum, which is also among coal miners that aim to launch an IPO this year, plans to raise up to $500 million from an offering later this year, sources had told Reuters in February. Source: Reuters

Wilmar says buys Indonesian sugar refiner for $104 mln

Singapore's Wilmar , the world's largest listed palm oil firm, acquired Indonesian sugar refiner Duta Sugar International for $104 million in July, the head of its Indonesian unit Hendri Saksti told Reuters on Wednesday. 

The firm has previously said it wants to expand by investing at least $1 billion in China, Africa and Indonesia, where it has secured land for sugar plantations. Source: Reuters

Hanhwa Chemical to bid for Indonesia's Sulfindo -source

outh Korea's Hanwha Chemical will join the first round of bidding for Indonesian chemical producer Sulfindo Adiusaha, a source familiar with the matter said, in a potential $700 million deal.

The first-round of bids for Sulfindo are due before the end of this week, with the deal attracting foreign players including Thai industrial conglomerate Siam Cement .
"Hanwha will make a non-binding offer," the source told Reuters, declining to be named because of the sensitivity of the issue.

A Hanwha spokesman said the chemical firm was still looking into the issue but would not comment further.

Sulfindo is controlled by the Victoria Group, owned by Indonesia's Tanojo family, who also own small lender Bank Victoria and brokerage Victoria Securities. Macquarie is the sell-side adviser for the deal, three sources told Reuters earlier. Source: Reuters

Saham-saham yang dominan dibeli asing, 23 Agustus 2011

Saham-saham yang dominan dibeli asing, Senin 23 Agustus 2011.

Kode saham                      Volume                       Jual                       Beli

ADMG	39.997.000	500.000	3.605.000
AMAG	5.351.000	0	100.000
AMFG	67.000	0	14.500
ANTM	20.004.000	1.868.500	5.107.000
ARNA	487.000	0	92.000
ASGR	6.118.500	137.000	359.000
ASRI	101.076.500	563.500	50.030.000
BBCA	12.260.000	1.433.000	3.013.000
BBNI	41.364.000	29.324.000	31.604.000
BBRI	29.748.000	4.280.000	12.979.000
BHIT	23.428.000	0	4.244.500
BIPI	15.748.500	0	30.000
BISI	3.573.500	0	30.500
BJBR	11.437.000	38.000	843.000
BKSL	59.052.000	0	2.470.500
BNBR	223.969.000	914.500	3.349.500
BTPN	792.500	13.500	68.000
BVIC	8.781.500	0	1.000.000
BWPT	16.784.500	2.925.500	6.052.000
BYAN	243.500	76.500	233.500
CMNP	105.238.500	12.848.500	36.033.500
CPIN	39.307.000	5.216.500	21.694.000
CTRS	612.000	0	284.500
DEWA	111.015.500	0	1.000.000
DILD	3.969.500	0	316.000
DOID	24.351.000	69.000	3.574.500
EKAD	2.621.000	0	63.500
ENRG	544.395.000	5.619.500	9.592.500
GGRM	916.500	341.500	466.500
GIAA	5.759.500	1.000	668.500
GZCO	1.332.500	0	206.000
IMAS	1.111.500	278.000	558.500
INDF	25.165.500	2.391.500	19.396.500
INRU	103.500	33.000	103.500
INTA	32.347.000	252.500	3.700.500
JPFA	1.934.500	0	400.500
JSMR	3.276.000	1.236.000	1.315.500
JTPE	3.398.500	0	462.000
KIAS	1.413.000	0	50.500
KKGI	72.000	0	22.000
KLBF	5.773.000	1.896.000	2.923.500
KRAS	5.694.000	160.000	1.018.000
LPKR	91.577.000	14.693.500	26.530.000
LSIP	19.124.500	4.015.000	16.127.000
MAIN	17.533.000	1.288.000	4.732.500
MDLN	77.246.500	150.000	5.685.000
META	13.421.500	1.417.500	1.815.000
MPPA	2.243.000	399.000	685.500
PNBN	698.000	26.000	69.500
POLY	19.540.500	102.500	300.000
PTBA	2.086.500	186.000	631.500
PTIS	38.000	0	34.000
PTPP	8.013.500	0	2.723.500
PWON	13.122.500	0	1.150.000
RMBA	856.500	0	22.500
ROTI	2.156.500	290.500	770.000
SGRO	1.430.000	0	26.500
SMRA	2.101.000	869.000	1.915.500
SMSM	1.213.500	51.500	70.500
STAR	79.726.000	55.000	75.000
TBLA	8.616.000	7.500	328.000
TOTL	5.724.000	305.000	1.200.000
UNSP	142.630.500	0	29.119.500
UNVR	1.245.000	483.000	658.500
WIKA	5.740.500	0	2.543.000

Rekomendasi HD Capital, 24 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Rabu, 24 Agustus 2011.

BUY:  BMRI,  ASII, BBRI, BJBR  

• Didorong oleh sentimen regional, pelaku pasar mulai akumulasi saham banking dan sektor lainnya yang sensitif terhadap suku bunga yang diperkirakan tetap pasca lebaran nanti dan keluarnya data inflasi & GDP.

• IHSG close (23-08) 3.880.46(+40.84/+1.06%) (Val.Rp.3.6T)

• Support: 3.830-3.750-3.650, Resistance: 3.950-4.020-4.125

 

Stock picks:

1.     Bank Mandiri  (BMRI) (BUY) (Target Rp 7.250) (Close 23/08 Rp 6.900)

• Stabilnya rupiah yang membuat cost of fuding murah (dasar dari pendanaan adalah obligasi RI) serta NPL recovery on track merupakan beberapa katalis positif dari bank BUMN  ini.

• Entry (1) Rp 6.850, Entry (2) Rp 6.750, Cut loss point: Rp 6.650.

 

2.    Astra International (ASII) (BUY): (Target: Rp 70.500) (Close 23/08: Rp 67.250)

• Walaupun masih sedikit malu-malu untuk bergerak, namun penuntupan di atas 50-days average selama 3 hari berturut-turut membuat average tersebut mulai sloping ke atas, tanda bahwa momentum untuk mencapai price gap atas di Rp 70.500 mulai terbangun.

• Secara fundamental tidak ada yang berubah, suku bunga tetap dan belum jelasnya kapan naik BBM masih kondusif untuk pertumbuhan permintaan mobil kedepan.

• Entry (1) Rp 67.200, Entry (2) Rp 66.700, Cut loss point: Rp 65.500.

 

3.    Bank BRI  (BBRI) (BUY): (Target: Rp 6.750) (Close 22/08 Rp 6.450)

• Pemain mikro UKM dengan market cap terbesar di pangsa pasarnya dan biasanya merupakan vehicle asing untuk menangkap siklus pertumbuhan permintaan kerdit konsumen di Indonesia.

• Entry (1) Rp 6.450, Entry (2) Rp 6.250, Cut loss point: Rp 6.150 

 

4.    Bank Jawa Barat (BJBR) (BUY): (Target: Rp 1.170) (Close 22/08 Rp 1.060).

• Emitten small cap perbankan dengan target penetrasi mikro UKM dan valuasi PER/PBV rendah dengan profitabilitas tinggi dapat diandalkan sebagai pilihan untuk simpan dan jual setelah lebaran untuk antisipasi hasi laporan keuangan dan data GDP/inflasi.

• Entry: (1) Rp 1.050, Entry (2) Rp 1.020, Cut loss point: Rp 990

 

Dibuat oleh:

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 24 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Rabu, 24 Agustus 2011.

1. E-Trading Securities

IHSG kemarin naik 41 poin (1,06%) ke level 3.880,46. Asing masih membukukan net selling, kali ini Rp 93 miliar. Secara teknikal, hari ini indeks diperkirakan masih melanjutkan penguatan menguji resistance 3.920. Pergerakannya berada di range 3.844-3.920. Perhatikan HRUM, UNTR, dan MYOR.

2. Sinarmas Sekuritas

Pada perdagangan Rabu (24/8), secara teknikal, indeks diperkirakan akan bergerak mixed pada kisaran 3.870-3.926. Cermati MYOR, BBNI, CPIN, INTA.

3. Sucorinvest Central Gani

IHSG hari ini diperkirakan mixed menguat pada kisaran 3.854-3.908. Kenaikan indeks kemarin diikuti dengan peningkatan volume dan perkiraan pola down trend fase penurunan.

Adaro Energy Acquired 75% Indonesian Coal Mining for US$ 222.5 Mln

PT Adaro Energy via its subsidiary PT Alam Tri Abadi (ATA), has acquired 75 percent stake of PT Mustika Indah Permai (MIP) from Elite Rich Investment Limited for US$ 222.5 million.

            MIP is a coal mining company developing a greenfield coal project in South Sumatera and holds a mining permit, known in Indonesian as an IUP, which was granted in April 2011 for a period of twenty years. The project covers an area of approximately 2,000 hectares.

            “Our investment in MIP is part of our drive to create sustainable value from Indonesian coal and achieve our vision to become a leading Indonesian mining and energy group,” said Garibaldi Thohir, president director of Adaro Energy, today.

            MIP is one of a number of acquisitions opportunities that, together with organic growth, will help Adaro Energy to achieve 80 million tonnes of production in the medium term.
            Adaro Energy’s advisors and engineers visited the area in November 2010 and subsequently carried out a geological and drilling program. Following these and other detailed studies, Adaro Energy decided to pursue a majority ownership in MIP.

            Adaro Energy has evaluated the geological information available for MIP and considers that there is significant open cut coal mining potential. The coal geology at MIP was sufficiently uniform. The structure, thickness, and quality of the coal seams were considered well enough defined by the density of drill holes that AE was confident to proceed with the purchase of this potential coal area, even though some incremental technical work is still required before an official statement of Coal Resources and Reserves can be made.

            Marston, an international mining consultant, performed the engineering studies of coal potential on which the valuation was based. Adaro Energy also completed a series due diligence drill holes to confirm the structure thickness and quality of the potentially mineable coal seams before completing the purchase.

            The additional drilling and coal analysis required to completely meet JORC standards is planned over the next two months; after which, a JORC compliant statement of Resources and Reserves will be issued.

Saham-saham yang dominan dibeli asing, 22 Agustus 2011

Saham-saham yang dominan dibeli asing, Senin 22 Agustus 2011.

Stock Code	Volume	Foreign Sell	Foreign Buy
AALI	857.000	328.000	418.500
ANTM	12.396.000	2.449.500	4.413.000
APLN	7.216.500	0	500.000
ARNA	834.000	1.500	38.000
ASGR	5.279.000	240.000	282.500
AUTO	499.000	0	144.500
BFIN	92.500	0	31.000
BHIT	35.246.000	300.000	9.088.000
BISI	3.880.000	0	461.000
BJBR	19.891.000	101.500	552.000
BMTR	2.650.000	1.299.500	1.383.500
BNBR	485.334.000	1.000	900.500
BNGA	622.000	20.000	79.000
BRAU	48.068.500	8.785.500	28.333.500
BRPT	997.000	0	116.000
BVIC	7.855.500	0	250.000
BWPT	10.752.500	1.056.500	7.501.500
BYAN	131.000	71.000	131.000
CMNP	62.940.000	6.525.000	17.436.000
CNKO	14.045.500	0	1.500.000
CPIN	35.027.000	2.080.000	9.913.000
CSAP	10.988.500	0	30.000
CTRP	8.304.500	0	5.000.000
DEWA	108.548.500	1.000	310.000
DOID	23.693.500	5.000	720.000
ENRG	502.894.000	2.946.500	70.170.500
EPMT	433.500	0	300.000
EXCL	2.249.500	866.500	1.177.500
GIAA	13.340.500	2.500	1.670.000
GOLD	28.303.500	0	100.000
GZCO	1.376.000	0	551.500
HEXA	53.500	1.000	10.000
IGAR	1.414.500	0	69.000
INDF	21.657.000	7.562.500	16.486.000
INKP	1.059.500	140.000	332.000
INTP	987.500	267.000	616.500
ISAT	986.500	187.000	544.000
JPFA	2.611.000	504.500	1.052.000
KKGI	36.500	0	27.000
KLBF	5.223.000	1.790.500	1.820.000
KRAS	8.280.000	50.000	177.500
KREN	1.176.500	0	38.500
LPKR	80.299.500	9.340.000	18.576.500
LSIP	8.916.500	1.487.000	5.012.500
LTLS	339.500	0	25.000
MAIN	18.205.000	1.000	630.000
MASA	13.642.000	1.334.000	2.000.000
MDLN	119.921.500	500.000	2.000.000
META	4.259.000	500.000	1.497.000
MNCN	8.272.000	988.000	5.970.000
MYRX	3.247.000	0	100.000
PNIN	290.000	0	84.500
PTIS	116.500	0	100.000
PTPP	7.587.500	20.000	1.930.000
PYFA	788.000	0	88.500
RMBA	1.276.500	0	25.000
SCMA	218.000	0	191.500
SMGR	8.262.500	3.659.000	5.818.000
SMRA	11.042.000	850.000	2.559.000
STAR	46.591.500	0	55.000
TBLA	9.419.000	12.500	284.000
TKIM	145.000	0	34.500
TLKM	8.790.500	4.098.500	5.009.000
TOTL	1.543.000	5.000	220.000
TRUB	39.711.000	0	2.010.000
TSPC	380.500	100.000	180.500
UNSP	152.961.500	100.000	4.159.000

Rekomendasi HD Capital, 23 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Selasa, 23 Agustus 2011.

BUY:  ENRG, GGRM,  ASII, KLBF,  

• Pasar mulai antisipasi stimulus QE3, data inflasi, GDP Indonesia akhir bulan serta laporan keuangan 9 bulan emiten yang akan keluar setelah Lebaran sehingga cenderung lebih ke akumulasi versus distribusi.

• Dalam proses technical rebound dari kondisi yang terkoreksi dalam  kemarin biasanya saham dengan PER tinggi akan diburu versus PER rendah dan rekomen melirik sektor consumer domestik terlebih dahulu.

• IHSG close (22-08) 3.839.75(-3.740/-0.03%) (Val.Rp.3.6T) 

• Support: 3.830-3.750-3.650, Resistance: 3.950-4.020-4.125

 

Stock picks:

1.     Energi Mega Persada  (ENRG) (BUY) (Target Rp 210) (Close 22/08 Rp 194)

• Dalam grup Bakrie, ENRG memiki valuasi PER termahal, namun kelihatannya pasar menilai akan ada re-rating earnings kedepan yang dapat mengurangi valuasi PER sehingga setiap ada koreksi, biasanya ENRG yang dapat rebound terlebih dahulu dalam grupnya versus anak perusahaan lainnya.

• Entry (1) Rp 190, Entry (2) Rp 187, Cut loss point: Rp 180.

 

2.    Astra International (ASII) (BUY): (Target: Rp 70.500) (Close 22/08: Rp 67.750)

• Penutupan di atas moving average 50-harian (Rp 66.700) menandakan potensi untuk meneruskan rally menutup price gap atas di Rp 70.500 dan Rp 72.750 cukup tinggi dalam beberapa hari kedepan.

• Secara fundamental tidak ada yang berubah, suku bunga tetap dan belum jelasnya kapan naik BBM masih kondusif untuk pertumbuhan permintaan mobil kedepan.

• Entry (1) Rp 67.700, Entry (2) Rp 66.700, Cut loss point: Rp 65.000.

 

3.    Gudang Garam (GGRM) (BUY): (Target: Rp 56.900) (Close 22/08 Rp 53.950)

• Saham consumer rokok dengan permintaan konsumen yang cukup inelastis terhadap kenaikan harga dan proyeksi ekonomi memiliki valuasi PER yang cukup mahal namun biasanya merupakan salah satu vehicle dengan market cap besar yang diincar asing untuk ride growth story di Indonesia.

•  Entry (1) Rp 53.625, Entry (2) Rp 51.550, Cut loss point: Rp 49.450

 

4.    Kalbe Farma (KLBF) (BUY): (Target: Rp 3.550) (Close 22/08 Rp 3.400).

• Produksi, penjualan dan pemasaran obat serta produk suplemen kesehatan yang terkonsentrasi ke konsumen domestik dengan permintaan inelastis merupakan daya jual emitten konsumen dengan PER yang cukup mahal namun sepandan harganya.

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

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 23 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Selasa, 23 Agustus 2011.

1. E-Trading Securities

IHSG kemarin turun 3 poin (-0,08%) ke level 3.839,62. Investor asing membukukan net selling Rp 682 miliar. Secara teknikal, candlestick IHSG membentuk dragonfly doji yang mengindikasikan potensi bullish reversal. Hari ini, indeks cenderung menguat di kisaran 3.798-3.890. Cermati GGRM, ASII, dan TBLA.

2. Sinarmas Sekuritas

Pada perdagangan Selasa (23/8), secara teknikal, indeks diperkirakan akan bergerak mixed pada kisaran 3.782-3.878. Perhatikan INDF, LSIP, INTP, dan PTBA.

Rekomendasi HD Capital, 22 Agustus 2011

Rekomendasi HD Capital untuk perdagangan Senin, 22 Agustus 2011

BUY:  BBCA, CPIN,  ASII, BUMI,  

• Diperkirakan IHSG tidak akan terkoreksi separah Jumat kemarin walaupun Dow masih merah karena sudah mendiskon kejadian tersebut dengan minus 5% sehingga downside limited.

• Beberapa saham masih melakukan perlawanan, berbeda dengan penurunan pada waktu awal Agustus kemarin sehingga potensi untuk market berbalik dengan cepat sangat tinggi.

• IHSG close (18-08) 3.842.75(-178.740/-4.43%) (Val.Rp.3.6T)

• Support: 3.830-3.750-3.650, Resistance: 3.950-4.020-4.125

 

Stock picks:

1.     Bank BCA (BBCA) (BUY) (Target Rp 8.250) (Close 19/08 Rp 8.200)

• Masih tetap rekomen bank BCA dengan valuasi PER di atas 20x, termahal di semua bank big cap asing maupun lokal, namun mempunyai rasio Net profit Margin (NPM) tertinggi atas loan portofolio yang dimiliki membuktikan teori bahwa barang bagus memang selalu mahal.

• Hebatnya saham ini bisa close positif di akhir sesi tertahan dengan pola hammer di saat IHSG berdarah hingga 5 pct.

• Entry (1) Rp 8.000, Entry (2) Rp 7.850, Cut loss point: Rp 7.750.

 

2.    Astra International (ASII) (BUY): (Target: Rp 70.000) (Close 19/08: Rp 66.100)

• Secara historis bila terjadi koreksi sebesar ini di ASII dengan volume penjualan asing yang mencapai high 1 tahun lebih selalu terjadi technical rebound.

• Secara fundamental tidak ada yang berubah, suku bunga tetap dan belum jelasnya kapan naik BBM masih kondusif untuk pertumbuhan permintaan mobil kedepan.

• Entry (1) Rp 66.100, Entry (2) Rp 64.000, Cut loss point: Rp 63.000.

 

3.    Bumi Resources (BUMI) (BUY): (Target: Rp 2.900) (Close 19/08 Rp 2.700)

• Bumi merupakan saham batubara dengan market cap terbesar dan valuasi premium (PER) yang tertinggi sehingga investor asing akan meliriknya bila terjadi kondisi diskon yang menarik di penurunan harga sahamnya.

• Penutupan Jumat lalu masih positif di saat IHSG berdarah hingga 5 pct lebih sehingga potensi technical rebound masih terbuka.

• Entry: (1) Rp 2.625, Entry (2) Rp 2.550, Cut loss point: Rp 2.450

 

4.    Charoen Pokphand (CPIN) (BUY): (Target: Rp 2.750) (Close 19/08 Rp 2.625).

• Produksi, penjualan dan pemasaran yang integrated serta memiliki pangsa pasar yang terbesar membuat emitten tersebut mirip dengan pola bisnis ASII, sehingga dapat dijadikan alternatif lapis dua untuk ride consumer domestic demand theme di Indonesia.

• Entry: (1) Rp 2.625, Entry (2) Rp 2.550, Cut loss point: Rp 2.375

 

Dibuat oleh:

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 22 Agustus 2011

Rekomendasi beberapa sekuritas untuk perdagangan Senin, 22 Agustus 2011.

1. E-Trading Securities

Perdagangan Jumat pekan lalu, indeks ditutup turun 178,2 poin (-4,43%) ke level 3.842 menyusul meningkatnya kekhawatiran bakal terjadinya resesi global. Secara teknikal, IHSG mengalami tekanan jual besar ditandai dengan candlestick yang membentuk pola Bearish Marubozu. Hari ini indeks berpotensi kembali terkoreksi di kisaran 3.735-3.866. Perhatikan CTRS, SMGR, dan BBCA.

2. Infovesta Utama

Indeks dari Senin hingga Selasa pekan ini diprediksi masih melanjutkan koreksi. Hal itu seiring belum pulihnya kondisi bursa global. Keadaan ini memicu aksi profit taking sejumlah saham unggulan. Meski begitu, IHSG masih bisa menembus 4.100 pada akhir tahun ini.

3. Sucorinvest Central Gani

Untuk perdagangan hari ini, investor bisa hold TLKM. Sedangkan saham-saham yang bisa dijual antara lain ADRO, ASII, BBNI, BMRI, dan LSIP.

NALCO plans to invest Rs 16,500 cr in Indonesia

State-owned aluminium producer NALCO plans to invest Rs 57,903 crore by 2020 on expansion, including the setting up of two large aluminium smelters in India and abroad.

The Navratna firm would invest Rs 16,500 crore in Indonesia for setting up a 5 million tonnes (MT) smelter, with 1,250 MW power plant, a report of the Parliamentary Standing Committee on Coal and Steel said.

It added that the other smelter of the same size would be built in Western Orissa in two phases, with 1,260 MW power plant at an estimated investment of Rs 16,345 crore.

Besides, NALCO has plans to construct a new alumina refinery of 1.4 MT in Andhra Pradesh and 1,000-MW power project as independent power producer.

Both the projects would require an investment of Rs 10,600 crore, the report said, adding that rest of the amount would be spent on existing projects.

Company officials could not be reached for comments on NALCO's mega expansion plans.

In its vision document 2020, the company had said it is targeting a turnover of Rs 25,000 crore by then, with an annual aluminium production capacity of 1.7 million tonnes.

The company had also said that it will create three wholly-owned subsidiaries -- NALCO Metals, NALCO Power and NALCO International -- for entering other non-ferrous metals and energy businesses.

The Orissa-based company, with an alumina refinery capacity of 2.1 million tonnes per annum (MTPA) and an aluminium smelter of 4.6 MTPA, has recently completed its second phase of expansion at an investment of Rs 4,402 crore.

Besides, it also has Bauxite mining capacity of 6.3 MT and generates 1,200 MW captive power. Source: Economic Times

Bajaj to invest $150 mn in Indonesia plant

Bajaj Auto, India’s second-biggest two-wheeler maker, may set up an assembly plant in Indonesia in a bid to increase presence in Southeast Asia and gain from the lower duty structure in the world’s third-largest market.

Known for its Pulsar brands of bikes, the Pune-based firm is looking to spend $150 million (Rs 675 crore) to set up the facility.

The plant, which would be the company’ first major facility outside India, shall be ready by late 2013, according to Tomotaka Ishikawa, president and director of PT Bajaj Auto Indonesia (PT BAI). The proposal would be approved if the Indonesian unit keeps monthly sales above 3,000 units.

“My target is that by the end of the year we will be convinced to have a complete knock-down operation (in Indonesia),” the Jakarta Post quoted Ishikawa as saying. The factory is likely to produce 100,000 units a year.

However, it’s not clear whether Bajaj Auto would upgrade its existing facility, where it assembles semi-knocked down (SKD) parts, or set up a new one. Bajaj Auto declined comment.

PT BAI, 98.94 per cent owned by Bajaj Auto, assembles and markets Pulsar 135, 180 and 220. The loss-making subsidiary has localised some of the assembly operations to bring down Customs duties. It would continue to pursue the localisation of sub-assemblies further this financial year.

“The Customs duty rates for SKD and CKD (completely-knocked down) operations have been reduced by five per cent from December 2010 by the Indonesian government. With the addition of Pulsar 135 and Pulsar 220 to the model line-up and increased local sub-assembly operations, the subsidiary would be in a position to reduce its losses in 2011-12,” stated Bajaj Auto in its annual report. PT BAI has accrued a loss of Rs 92.17 crore since it began operations in 2006-07. Last year, it posted a loss of Rs 9.35 crore.

The Rajiv Bajaj-led company has been looking to expand its operations outside India, with products which have been successful in the domestic market. The Indonesian two-wheeler market shares a variety of similarities with the Indian market. Last year, the firm sold 81 per cent more bikes in Indonesia at 21,586 units, compared to 11,954 units in the corresponding previous period. Source: Business Standard