Matahari Lanjutkan Dialog dengan 4 Investor Peminat Hypermart

Matahari Putra Prima telah menerima penawaran dari empat investor global yang berminat untuk mengakuisisi saham Hypermart. Salah satu dari empat investor itu adalah Lotte Shopping Co Ltd.

Dengan selesainya tinjauan strategis yang dilakukan Merrill Lynch, MPPA akan melanjutkan ke tahap selanjutnya, yakni pembicaraan dengan empat calon investor global dengan tetap menggunakan jasa Merrill Lynch.

MATAHARI

Empat Broker Asing Borong Saham Bank Tabungan Negara

Investor asing melalui empat broker tampak memborong saham Bank Tabungan Negara (BBTN). Dimotori oleh Deutsche Securities Indonesia, investor asing tercatat memborong 13.300 lot di harga rata-rata RP 1.836.


Kemudian ABN AMRO Asia Securities Indonesia juga memborong 5.054 lot di harga Rp 1.831. Dua broker lainnya yang memfasilitasi aksi borong saham BBTN oleh investor asing adalah UBS Securities Indonesia sebanyak 2.560 lot dan Credit Suisse Securities Indonesia 2.016 lot.


Uniknya, empat broker asing ini mengakumulasi saham BBTN tanpa menjual sama sekali. Akibatnya, harga saham BBTN naik Rp 90 menjadi Rp 1.860. Harga saham BTN sempat mencapai rekor tertingginya di Rp 2.025.
 

1	DB	DEUTSCHE SECURITIES INDONESIA	302	13,300	1,836.04	-	-	-	13,300	13,300
2	HG	ABN AMRO ASIA SECURITIES INDONESIA	100	5,054	1,831.16	-	-	-	5,054	5,054
3	AK	UBS SECURITIES INDONESIA	39	2,560	1,807.79	-	-	-	2,560	2,560
4	CS	CREDIT SUISSE SECURITIES INDONESIA	115	2,016	1,861.93	-	-	-	2,016	2,016
5	KZ	CLSA INDONESIA	57	2,275	1,853.08	1	275	1,930.00	2,000	2,550

67	AO	ERDIKHA ELIT	-	-	-	35	2,465	1,851.90	-2,465	2,465
68	ML	MERRILL LYNCH INDONESIA	1	322	1,800.00	57	3,600	1,824.20	-3,278	3,922
69	LS	RELIANCE SECURITIES TBK.	23	688	1,832.06	40	4,056	1,825.17	-3,368	4,744
70	YJ	LAUTANDHANA SECURINDO	3	50	1,840.00	63	4,020	1,822.66	-3,970	4,070

Deutsche Securities Borong 36 Ribu Lot Saham Bank BJB

Deutsche Securities Indonesia dan ABN AMRO Asia Securities memborong 36.640 dan 9.307 lot saham Bank BJB (BJBR). Harga rata-rata pembelian oleh Deutsche Securities adalah Rp 1.563 dan ABN AMRO di Rp 1.568.

Selain melalui kedua broker itu, investor asing juga tampak memborong saham BJBR melalui CIMB-GK Securities Indonesia sebanyak 5.651 lot dan Credit Suisse Securities Indonesia 5.388 lot.

Akibatnya, harga saham BJBR naik Rp 80 menjadi Rp 1.580. Harga saham BJBR sempat mencapai Rp 1.750, sehingga penurunan yang terjadi membuat harga saham ini tampak murah.
 

1	DB	DEUTSCHE SECURITIES INDONESIA	448	36,640	1,563.17	70	5,305	1,579.94	31,335	41,945
2	HG	ABN AMRO ASIA SECURITIES INDONESIA	108	9,307	1,568.93	-	-	-	9,307	9,307
3	LS	RELIANCE SECURITIES TBK.	299	6,853	1,568.53	67	2,381	1,560.92	4,472	9,234
4	YU	CIMB-GK SECURITIES INDONESIA	136	5,651	1,566.28	35	2,068	1,561.08	3,583	7,719
5	CS	CREDIT SUISSE SECURITIES INDONESIA	132	5,388	1,570.63	10	2,300	1,580.00	3,088	7,688

82	DR	NUSADANA CAPITAL INDONESIA	77	5,817	1,544.10	156	10,466	1,553.98	-4,649	16,283
83	NI	BNI SECURITIES	103	2,639	1,568.17	221	7,828	1,566.94	-5,189	10,467
84	KI	CIPTADANA SECURITIES	33	3,227	1,539.57	151	11,195	1,563.19	-7,968	14,422
85	ZP	KIM ENG SEKURITAS	26	2,275	1,538.20	268	16,303	1,547.43	-14,028	18,578

UBS Securities dan Deutsche Securities Borong Saham Indofood

Investor asing melalui broker UBS Securities Indonesia dan Deutsche Securities Indonesia memborong 16.020 lot dan 10.800 lot saham Indofood Sukses Makmur (INDF). Harga rata-rata pembelian adalah Rp 4.889 dan Rp 4.890.


Aksi pemburuan oleh asing ini dipicu penurunan harga saham INDF yang sudah terlalu dalam, sehingga menjadi murah. Pasalnya, saham INDF semestinya diperdagangkan pada kisaran harga Rp 5.000-an.

Harga saham INDF ditutup naik Rp 100 menjadi Rp 4.900.
 

1	AK	UBS SECURITIES INDONESIA	407	16,020	4,889.77	-	-	-	16,020	16,020
2	DB	DEUTSCHE SECURITIES INDONESIA	311	10,800	4,890.51	114	3,124	4,896.94	7,676	13,924
3	BZ	BATAVIA PROSPERINDO SEKURITAS	96	4,289	4,881.27	23	673	4,894.28	3,616	4,962
4	LS	RELIANCE SECURITIES TBK.	195	2,991	4,885.86	39	501	4,874.90	2,490	3,492
5	XA	CLEMONT SECURITIES INDONESIA	53	2,101	4,910.29	1	5	4,950.00	2,096	2,106
6	BK	J.P MORGAN SECURITIES INDONESIA	103	1,998	4,886.10	1	158	4,875.00	1,840	2,156

89	CD	MEGA CAPITAL INDONESIA	33	1,130	4,860.58	94	3,531	4,900.42	-2,401	4,661
90	PD	INDO PREMIER SECURITIES	120	958	4,888.34	249	3,996	4,869.99	-3,038	4,954
91	CC	MANDIRI SEKURITAS	9	520	4,873.56	84	5,057	4,900.01	-4,537	5,577
92	CS	CREDIT SUISSE SECURITIES INDONESIA	160	413	4,890.68	150	8,995	4,876.92	-8,582	9,408

Credit Suisse Borong 177 Ribu Lot Saham Bumi Resources

Investor asing melalui Credit Suisse Securities Indonesia kembali aktif memborong 177.165 lot saham Bumi Resources. Selain melalui Credit Suisse, investor asing juga tampak membeli BUMI melalui Macquarie Securities Indonesia sebanyak 39.468 lot, CIMB-GK Securities 42.996 lot, dan JP Morgan Securities Indonesia 6.392 lot


Satu-satunya pemborong investor lokal adalah melalui broker Kim Eng Sekuritas, sebanyak 134.712 lot. Aksi jual didominasi oleh lokal melalui Mandiri Sekuritas yang melepas 130.644 lot.


Harga BUMI ditutup naik Rp 150 menjadi Rp 3.000.

1	CS	CREDIT SUISSE SECURITIES INDONESIA	542	177,165	2,239.26	99	5,148	2,910.38	172,017	182,313
2	ZP	KIM ENG SEKURITAS	1236	134,712	2,932.99	204	19,363	2,885.60	115,349	154,075
3	RX	MACQUARIE SECURITIES INDONESIA	388	39,468	2,966.39	4	1,553	2,975.00	37,915	41,021
4	YU	CIMB-GK SECURITIES INDONESIA	339	42,996	2,924.32	65	10,903	2,946.93	32,093	53,899
5	PO	BALI SECURITIES	114	17,330	2,925.72	66	8,014	2,915.54	9,316	25,344
6	BK	J.P MORGAN SECURITIES INDONESIA	76	6,392	2,934.97	3	478	2,904.08	5,914	6,870

100	AK	UBS SECURITIES INDONESIA	1	349	2,900.00	99	17,970	2,859.44	-17,621	18,319
101	MI	VICTORIA SEKURITAS	-	-	-	67	18,070	2,926.85	-18,070	18,070
102	DR	NUSADANA CAPITAL INDONESIA	32	2,543	2,883.93	160	22,685	2,897.24	-20,142	25,228
103	KS	KRESNA GRAHA SEKURINDO TBK.	45	3,876	2,881.35	253	37,030	2,936.10	-33,154	40,906
104	CC	MANDIRI SEKURITAS	77	26,662	3,145.91	28	130,644	2,067.19	-103,982	157,306

Rekomendasi HD Capital, 2 Desember 2010

Untuk perdagangan hari ini, Kamis 2 Desember 2010, HD Capital merekomendasikan empat saham pilihan, yakni Bumi Resources (BUMI), Bank Rakyat Indonesia (BBRI), Bank Mandiri (BMRI), dan Adaro Energy (ADRO) untuk dibeli.

BUY: (BUMI, BBRI, BMRI, ADRO)

• Koreksi di IHSG berhenti akibat technical rebound, sekarang tinggal melihat apakah IHSG bisa diutup di atas key level 3.640 untuk meneruskan tren kembali ke high 3.770.
• IHSG close (01-12) 3.619.094 (+87.883/+2.49%) (Val.Rp.3.8T)

• Support: 3.575-3.500, Resistance: 3.650-3.700-3.770

 

Stock picks:

1.    Bumi Resources (BUMI: (BUY) (Target: Rp 2.950) (close 01/12 Rp 2.850)

• Beberapa katalis positif seperti IPO BRM dimana dana terhimpun akan mengurangi rasio utang sehingga mendongkrak laba perseroan, valuasi PER/PBV termurah di sektor batubara, sensitivitas earnings yang tinggi terhadap perubahan harga batubara dapat menunjang technical rebound pasca koreksi dari level 3.000.

• Entry: (1) Rp 2.825, Entry (2) Rp 2.725, Cut loss point: Rp 2.650

 

2.   Bank BRI (BBRI) (BUY): (Target: Rp 11.350) (Close 01/12 Rp 10.850)

• Emiten bank dengan market cap & ROE terbesar di sektornya masih menarik untuk akumulasi pasca koreksi berlebihan akibat ketakutan kredit macet dari bencana merapi dan sentiment negatif dari rencana stock split.
• Secara technical terlihat ada upaya untuk menuju price gap di Rp 11.350.
• Entry (1) Rp 10.800, Entry (2) Rp 10.700, Cut loss point: Rp 10.600

 

3.   Bank Mandiri (BMRI) (BUY): (Target: Rp 7.050) (Close 01/12 Rp 6.700)

• Penguatan rupiah menguntungkan BMRI karena banyak memiliki portofolio utang dalam US$ dan valuasi menjadi lebih murah dari efek turun yield obligasi RI yang dipakai dalam perhitungan Gordon growth valuation model.
• Entry: (1) Rp 6.700, Entry (2) 6.500, Cut loss point: Rp 6.350

 

4.   Adaro Energy (ADRO) (BUY) (Target: Rp 2.500) (close 01/12 Rp 2.375)

• Tetap rekomen emiten batubara ini yang belum naik banyak sehingga potensi upside terbuka lebar.
• Pasca koreksi valuasi PER/PBV 2010 emiten batubara dengan market cap terbesar mulai menarik, dengan potensi teknikal rebound untuk mengetes upper end down-trend-line di Rp 2.475.
• Sensitivitas terhadap kenaikan harga batubara merupakan yang tertinggi di sektornya dan cadangan yang cukup besar juga menjadi nilai plus.

• Entry: (1) Rp 2.350, Entry (2) Rp 2.275, Cut-loss point: Rp 2.225

 

 

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 2 Desember 2010

Berikut rekomendasi dari tiga sekuritas ternama untuk perdagangan Kamis, 2 Desember 2010.

 

1. Trimegah Securities

Di tengah rebound yang terjadi pada bursa regional maupun global, IHSG ikut menguat dengan pergerakan sepanjang sesi berada di teritori positif. Dengan melihat potensi stochastic membentuk golden cross, terbuka peluang adanya penguatan lanjutan, seiring membaiknya minat beli dari pelaku pasar. Sementara untuk hari ini IHSG akan bergerak di kisaran 3.600-3.648, dengan saham pilihan BMRI dan INDF.

2. Erdikha Securities

Setelah sempat melemah, IHSG akhirnya berhasil rebound 87,88 poin menjadi 3619 (2,50%) pada perdagangan kemarin (1/12). Penguatan saham-saham sektor perbankan dan pertambangan menjadi penopang penguatan indeks. Beberapa saham-saham unggulan menunjukan teknikal rebound, sehingga indeks masih mempunyai peluang melanjutkan penguatan. Pergerakan indeks kami perkirakan berada pada kisaran 3.540-3.665. Saham yang direkomendasikan BMRI, SMCB, dan INDF.

3. Kresna Securities

Pelaku pasar kembali melakukan pembelian meskipun angka inflasi di atas ekspektasi. IHSG diperkirakan bergerak di kisaran 3.570-3.680 dengan BBCA dan TLKM sebagai saham pilihan.

Palm Oil Reaches 3,500 Ringgit for First Time in 28 Months

Palm oil advanced to 3,500 ringgit ($1,110) a metric ton for the first time since July 2008 as an increase in shipments from the biggest producers boosted optimism that demand remains strong amid low supplies. 

The February-delivery contract rose as much as 2.6 percent to 3,500 ringgit on the Malaysia Derivatives Exchange and closed at 3,486 ringgit, the highest price since July 15, 2008. Futures climbed 11 percent in November, the fifth monthly increase. 

Exports from Malaysia climbed 11.7 percent to 1.51 million tons in November from the previous month, surveyor Intertek said yesterday. Shipments rose to 1.56 million tons, Societe Generale de Surveillance said. Sales from Indonesia climbed 13 percent to 1.45 million tons in October from a year earlier, the Indonesian Palm Oil Association said Nov. 25. The two countries represent about 90 percent of global output. 

“Encouraging export figures from Malaysia is a positive sign that demand isn’t subsiding,” Ker Chung Yang, an analyst at Phillip Futures Pte., said by phone from Singapore. 

Output in Indonesia may decline this year to 21.8 million tons, less than 22.5 million tons forecast previously, on lower yields, the China National Grain & Oils Information Center said on Nov. 29, citing OilWorld, an industry publication. 

Stockpiles in Malaysia may not be enough to meet demand during the Lunar New Year holiday in February, according to Arhnue Tan, a senior analyst at ECM Libra Capital Sdn.

“There are some supply concerns in Malaysia, which should probably keep prices strong into early next year,” Tan said. 

Malaysia’s production fell 1 percent to 14.3 million tons in the first 10 months of the year, according to data from the nation’s palm oil board. Output this year may total about 17.6 million tons, Plantation Industries and Commodities Minister Bernard Dompok said Nov. 17.

‘Downward Pressure’

Still, a recovery in palm and soybean oils production in 2011 “may put downward pressure on prices” said Siti Rudziah Salikin, an analyst at Standard & Poor’s Equity Research Services. Strong demand from China and India will help limit the downside, according to the report. 

Palm oil may average 3,000 ringgit in the quarter ending December and 2,800 ringgit in 2011, the report said. 

Dry weather in South America, especially Argentina, could affect soybean crops, supporting the palm oil market, Phillip Futures’ Ker said. The two cooking oils are direct substitutes.

January-delivery soybean oil climbed as much as 1.2 percent to 51.63 cents a pound in after-hours trading in Chicago, while soybeans for January delivery advanced as much as 1 percent to $12.5550 a bushel. 

China, the world’s biggest cooking-oil user, has ordered four suppliers including Wilmar International Ltd. and Cofco Ltd. not to lift product prices to help slow inflation, the National Business Daily said, citing people it didn’t identify. 

September-delivery palm oil on the Dalian exchange climbed 1.6 percent to 8,984 yuan ($1,348) a ton, the highest closing price since Nov. 15, and soybean oil for delivery in the same month advanced 1.1 percent to 9,628 yuan a ton, a two-week high. 

CME Group Inc.’s March palm oil contract fell as much as 1.4 percent to $1,077.25 a ton. Futures jumped 6.4 percent yesterday, the most since the contract began trading in May.Source: Bloomberg

Indonesia May Delay Newmont Nusa Tenggara Stake Sale

The Indonesian government may delay the divestment of a 7 percent stake in the local unit of Newmont Mining Corp. following a Jakarta court ruling that disputed ownership of the shares, an official said.

“It may be hard to proceed with the divestment following the court ruling and appeal process by Newmont,” Witoro Soelarno, secretary to the director general of coal and minerals at the Energy Ministry, said in an interview in Jakarta today. “The shares are in dispute and it may affect the stake sale process and the result.”

The South Jakarta District Court ruled yesterday that PT Pukuafu Indah is entitled to the 31 percent stake in PT Newmont Nusa Tenggara that Newmont Mining subsidiary Newmont Indonesia Ltd., along with Nusa Tenggara Mining, a unit of Sumitomo Corp., are required to divest. The court also ordered Newmont to pay Pukuafu $26.6 million for material loss.

Pukuafu, which owns a 20 percent stake in Newmont Nusa Tenggara, filed a lawsuit in December 2009 seeking cancellation of an earlier ruling by an international arbitration court that ordered foreign shareholders of Newmont Nusa Tenggara to reduce their combined stake to 49 percent by 2010.

Newmont Appeal

Newmont will appeal the Jakarta court ruling and is confident of it being reversed, Blake Rhodes, vice president and deputy general counsel of Newmont, said in a statement yesterday.

“The arbitration process was followed for the purpose of clarifying the Government’s and the foreign shareholders’ rights and obligations on divestiture,” Rhodes said. “Newmont Indonesia and Nusa Tenggara Mining properly divested 24 percent of Newmont Nusa Tenggara to the party nominated by the government.”

Newmont Nusa Tenggara, which operates the Batu Hijau gold and copper mine on Indonesia’s Sumbawa island, under a 1986 agreement, was required to offer 3 percent of its stake to the central government or its agencies in 2006, and 7 percent in each year from 2007 to 2010. PT Bumi Resources, through its venture with three local administrations in West Nusa Tenggara province, has bought a 24 percent stake through the divestment program. Officials from Bumi were not immediately available for comment.

Pukuafu ordered Newmont to transfer the 31 percent stake immediately, Tri Asnawanto, Pukuafu’s vice president of legal and external affairs, said by e-mail yesterday. Pukuafu is the unit of Merukh Enterprise Corp. controlled by politician and businessman Jusuf Merukh, which has interests ranging from hotels to gold, copper and to coal mines in Indonesia.Source: Bloomberg

CLSA Indonesia Borong 60 Ribu Lot Saham BUMI

Meski laba bersih BUMI kuartal III-2010 turun, CLSA Indonesia tercatat memborong 60 ribu lot saham perseroan. Aksi beli oleh investor lokal tersebut dilakukan pada harga rata-rata Rp 2.784.


Sementara itu, investor asing melalui Credit Suisse Securities Indonesia cenderung trading saham BUMI dengan membeli 50.172 lot dan menjual 30.567 lot. Investor asing lainnya melalui Macquarie Securities melepas 19.770 lot saham BUMI.


Saat ini tidak tampak aksi akumulasi saham BUMI secara simultan oleh investor asing. Yang terjadi justru lokal yang masih mengakumulasi saham ini.
 

1	KZ	CLSA INDONESIA	209	60,000	2,784.11	40	7,516	2,753.43	52,484	67,516
2	CS	CREDIT SUISSE SECURITIES INDONESIA	394	50,172	2,785.21	279	30,567	2,791.00	19,605	80,739
3	OD	DANAREKSA SEKURITAS	109	20,249	2,799.84	98	1,455	2,813.81	18,794	21,704
4	MI	VICTORIA SEKURITAS	98	16,015	2,840.63	11	446	2,846.19	15,569	16,461
5	YJ	LAUTANDHANA SECURINDO	190	29,456	2,801.86	100	16,235	2,791.66	13,221	45,691

102	AO	ERDIKHA ELIT	8	328	2,824.85	92	9,463	2,762.23	-9,135	9,791
103	PO	BALI SECURITIES	72	10,133	2,783.96	172	24,983	2,788.96	-14,850	35,116
104	RX	MACQUARIE SECURITIES INDONESIA	-	-	-	68	19,770	2,754.69	-19,770	19,770
105	PD	INDO PREMIER SECURITIES	237	6,053	2,804.60	479	42,383	2,806.27	-36,330	48,436