Rekomendasi HD Capital, 27 Juni 2011

Rekomendasi HD Capital untuk perdagangan Senin, 27 Juni 2011.

BUY: (ITMG, BBRI, GJTL, TLKM)

• Koreksi minor akibat imbas regional dapat digunakan sebagai kesempatan memposisikan diri untuk technical rebound yanga akan menembus all time high IHSG di 3.880. 

• Dalam proses mendekati all time high, biasanya emiten lapis dua dengan fundamental yang kuat mulai aktif.

• IHSG close (24-06) 3.848.56(+24.91/+0.65%) (Val.Rp.3.4T) 

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

 

Stock picks:

1.     Indo Tambang Raya (ITMG) (BUY) (Target Rp 46.000) (Close 24/06 Rp 44.900)

• Kenaikan harga batubara New Castle ke $121/ton dari $119 dan penurunan minyak mentah (hal ini menurunkan harga diesel yang dipakai dalam proses produksi dan transportasi batubara) sangat menguntungkan bahwa ITMG yang mayoritas pangsa ekspor dan mempunyai biaya produksi yang paling mahal di sektornya.

• Entry (1) Rp 44.500, Entry (2) Rp 44.000, Cut loss point: Rp 43.400

 

2.    Bank BRI (BBRI) (BUY): (Target: Rp 6.600) (Close 22/06 Rp 6.350)

• Bila terjadi pullback akibat imbas sentimen regional yang terkoreksi mendekati lower end formasi triangle rekomen akumulasi untuk antisipasi breakout yang akan terjadi dengan target proyeksi Rp 6.600.

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

 

3.   Gajah Tunggal (GJTL) (BUY): (Target: Rp 3.250) (Close 24/06 Rp 3.050)

• Valuasi PER 2011 (7x) dan profitabilitas persero cukup tinggi (ROE 2011 23%) membuat GJTL menjadi pilihan saham lapis dua yang kudu di akumulasi menjelang proses perjalanan IHSG untuk mendekati atau menembus all time high di 3.880.

• Entry: (1) Rp 3.000, Entry (2) Rp 2.925, Cut loss point: Rp 2.825

 

4.       Telekomunikasi Indonesia (TLKM) (BUY): (Target: Rp 7.450) (Close 24/06 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.

• 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)

Indonesia Stocks May Extend Winning Streak

The Indonesian stock market picked up less than a pair of points on Thursday - but that was enough to extend its winning streak to four sessions, gathering nearly 100 points or 2.7 percent in that span. The Jakarta Composite Index finished just below the 3,825-point plateau, and now analysts are suggesting that the market may have a bit more upside left in it at the opening of trade on Friday.

The global forecast for the Asian markets is conflicted, pitting optimism regarding the Greek debt crisis against pessimism regarding U.S. economic data. Crude oil stocks are expected to see considerable pressure, along with gold and property stocks - while airlines, technology, retail and telecom stocks are expected to rise. The European markets finished sharply lower and the U.S. bourses were mixed, and the Asian markets figure to follow the latter lead.

The JCI finished barely higher on Thursday, nudged into the green by gains from the pharmaceuticals and telecoms.

For the day, the index added 1.82 points or 0.05 percent to finish at 3,823.65 after trading between 3,801.70 and 3,829.63. Volume was 7.6 billion shares worth 3.9 trillion rupiah. There were 103 gainers and 103 decliners.

Among the gainers, Kimia Farma surged 24.4 percent, while Indofarma spiked 17.1 percent, Multistrada Arah Sarana added 1.9 percent and Tower Bersama Infrastructure collected 4.4 percent.

The lead from Wall Street provides little clarity as stocks staged a significant recovery in late-day trading on Thursday after a weak start, ending the session mixed. Reports about a deal on Greece's austerity plan helped to offset concerns about the economic outlook.

The early weakness on Wall Street was partly in reaction to the Federal Reserve's downwardly revised economic growth outlook, which was released late in the day on Wednesday. Indicating that the economic recovery is continuing at a somewhat slower than expected pace, the Fed downwardly revised its growth outlook for 2011 and 2012.

Additional selling pressure was generated by the release of a report from the Labor Department showing a notable increase in initial jobless claims in the week ended June 18.

Resource stocks helped to lead the way lower amid a sell-off in the commodities markets. The price of oil fell by more than $4 a barrel on news that the International Energy Agency plans to release 60 million barrels of oil onto the world market.

However, buying interest emerged later in the trading day after reports that Greece has won the consent of a group of inspectors from the European Union and International Monetary Fund regarding its new five-year austerity plan. The inspectors approved the plan after Greece committed to an additional round of tax rises and spending cuts. While the reported deal has generated some optimism about the outlook for the financial situation in Greece, the austerity measures still must be approved by the Greek parliament. Source: RRT News

Saham-saham yang dominan dibeli asing, 23 Juni 2011

Saham-saham yang dominan dibeli asing, Kamis 23 Juni 2011.

Kode Saham                         Volume                     Jual                      Beli

AALI	746,000	73,000	632,500
ADHI	1,553,000	5,000	111,000
ADMG	93,891,500	255,000	1,010,000
AKRA	28,258,500	4,748,000	9,185,500
AMRT	110,000	0	107,500
ANTM	13,502,000	335,500	902,500
APLN	6,462,500	0	50,000
ASGR	859,000	0	200,000
ASII	4,411,000	1,459,500	2,131,000
AUTO	218,000	2,500	10,000
BBCA	10,342,500	3,165,500	5,613,000
BBNI	9,376,500	340,500	5,345,500
BBRI	26,424,000	6,256,500	14,919,000
BDMN	3,894,500	122,000	897,500
BHIT	51,414,000	7,127,000	22,814,500
BKSL	9,948,500	0	1,000,000
BMRI	17,419,500	6,753,000	7,722,500
BMTR	10,079,500	986,000	4,827,500
BNBR	207,156,000	92,500	961,000
BNGA	342,000	0	37,000
BNII	465,000	50,000	120,000
BRAU	16,371,500	0	10,000
BTEL	21,365,500	0	4,843,500
BTPN	106,000	0	71,500
BULL	44,627,000	50,000	100,000
BUMI	58,512,500	12,598,500	22,150,000
BYAN	270,500	117,000	162,000
CLPI	16,947,000	65,000	353,500
CPIN	12,105,500	15,500	9,315,000
CTRP	3,669,500	2,000,000	3,143,500
ELTY	150,704,000	25,000	35,968,500
EMTK	66,000	0	37,500
ENRG	572,989,500	29,746,500	75,800,000
FISH	246,500	0	180,500
GGRM	343,000	179,000	232,500
GJTL	5,003,500	137,500	1,764,500
HEXA	327,500	0	93,500
HRUM	5,362,500	113,000	1,095,000
ICBP	3,766,500	56,000	2,039,000
INDS	11,502,500	18,500	510,500
INDY	7,204,500	847,000	5,286,500
INTP	602,500	131,500	318,000
IPOL	96,493,000	137,500	9,075,000
ISAT	3,667,000	533,000	889,500
ITMG	242,000	20,500	66,500
JKON	51,500	0	50,000
JSMR	3,888,000	1,181,500	2,288,500
JTPE	12,209,000	2,500	400,500
KAEF	102,853,500	1,750,000	20,000,000
KIJA	11,814,000	500,000	4,159,500
KKGI	788,000	16,500	390,000
LPKR	132,882,000	27,500	66,679,500
LSIP	24,288,000	14,287,000	16,942,500
MAPI	987,500	149,500	178,000
MBSS	3,673,000	0	110,000
MDRN	154,000	0	154,000
META	525,500	0	502,000
MIDI	593,500	0	68,000
MITI	3,498,500	0	1,316,500
MYOR	103,000	8,500	101,500
PBRX	8,631,500	0	1,000,000
PTPP	4,200,000	0	4,000,000
RALS	7,258,500	3,500,000	3,902,000
SDRA	18,355,000	0	600,000
SIMP	19,951,500	0	15,247,500
SMGR	2,076,000	335,500	1,048,000
SMRA	9,117,500	3,089,000	7,991,500
SULI	2,581,000	0	500,000
TBLA	6,677,500	10,000	186,000
TURI	21,522,500	25,000	5,025,000
UNTR	4,565,000	679,000	1,358,000
WIKA	535,000	0	56,500
WINS	598,000	0	50,500

Rekomendasi Beberapa Sekuritas, 24 Juni 2011

 Rekomendasi beberapa sekuritas untuk perdagangan Jumat, 24 Juni 2011.

1. E-Trading Securities

Perdagangan kemarin, indeks naik 1 poin (0,05%) ke level 3.823. Investor asing membukukan net buying Rp 288 miliar.  Secara teknikal, IHSG hari ini berpotensi melemah, karena candlestick membentuk pola spinning top di puncak yang mengindikasikan bearish reversal. Kisarannya berada di range 3.794–3.843. Amati TINS dan ANTM.

2. Kresna Sekurindo

Sentimen global kembali membuat indeks konsolidasi dengan 3.789 sebagai support kunci. Hari ini IHSG diperkirakan bergerak di kisaran 3.800-3.855 dengan UNVR dan BDMN sebagai saham pilihan.

3. Indo Premier Securities

Kurang transparannya kebijakan moneter yang akan diterapkan The Fed pasca-quantitative easing II membuat bursa saham dunia kembali turun. Namun, indeks saham domestik naik, karena investor enggan meninggalkan pasar dan mulai mengakumulasi sejumlah saham.  Untuk hari ini, indeks diperkirakan dipengaruhi berita positif dari Yunani.  Kisarannya di level 3.700-3.825 dengan BMRI, BORN sebagai stock picks.

Outlook Saham Bulan Juni oleh HD Capital

Monthly Strategy-June (24-06-2011) (BUY):

"Masih optimistis akan arah IHSG"

• Potensi retracement ke 3.900 di bulan Juli: Secara technical walaupun weekly MACD sudah memberikan SELL signal crossover, namun biasanya kenaikan (retracement) ke atas sebesar 200-point selama 2 minggu dapat terjadi untuk memberikan kesempatan trading.

• Domestic factor: Fundamental ekonomi seperti penguatan rupiah, inflasi terkendali membuat ancaman kenaikan BBM dan BI rate semakin kecil sehingga dana asing masih akan mengalir masuk dan liquiditas domestic di bursa masih mengalir.

• Regional: Krisis Yunani yang menyebabkan penurunan kemarin mulai mereda dan sikap Fed yang realistis namun masih optimistis (mengakui bahwa ekonomi melambat sehingga membiarkan zero rate policy hingga akhir tahun dengan skenario pemulihan ekonomi akan lambat laun terjadi) terhadap perekonomian AS dan global memberikan kepastian situasi yang jelas terhadap investor.

• Rekomendasi Portofolio & Target Price 1-bulan:

 

Ticker	TP 1 bln	PER11F	PBV11F	ROE11F
ASII	Rp 61.500	12x	3.5x	31%
BMRI	Rp 7.200	11x	2.6x	26%
BBCA	Rp 7.400	22x	4x	22%
PGAS	Rp 4.200	11x	5x	50%
BBRI	Rp 6.500	12x	3x	31%
UNSP	Rp 460	6x	0.7x	11%
UNTR	Rp23.800	16x	4x	29%

Dibuat oleh:

Yuganur Wijanarko

Senior Research HD Capital.

(Yuganur@hdx.co.id)

Rekomendasi HD Capital, 24 Juni 2011

Rekomendasi HD Capital untuk perdagangan Jumat, 24 Juni 2011.

BUY: ENRG, TLKM, BUMI, GJTL

• Keberhasilan IHSG bertahan di atas resistance lama Fibonacci 61.8% (3.815) walaupun terimbas koerksi regional menandakan bahwa akan terjadi full retracement rally ke all time high lama di 3.880.

• Grup Bakrie dan beberapa saham lapis dua dengan fundamental yang cukup prospektif belum naik signifikan.

• IHSG close (23-06) 3.832.683(+1.629/+0.43%) (Val.Rp.3.2T)

• Support: 3.770-3.730, Resistance: 3,880-3.950

 

Stock picks:

1.      Telekomunikasi Indonesia (TLKM) (BUY) (Target Rp 7.450) (Close 23/06 Rp 7.200)

• Saham blue chip dengan kapitalisasi paling besar yang diperdagangkan dengan valuasi termurah adalah TLKM: PER 2011 (9.49x), PBV (2.4x) sehingga pelaku pasar mulai ikut dalam proses perbaikan tren menuju price gap atas di Rp 7.350-7.400 yang belum ditutup.

• Entry (1) Rp 7.150, Entry (2) Rp 7.000, Cut loss point: Rp 6.850

 

2.    Energi Mega Persada (ENRG) (BUY): (Target: Rp 235) (Close 22/06: Rp 210)

• Earnings recovery story dan gambaran technical menarik (pattern higher low, daily stochastic cross up buy diatas 50-line) memberikan bayak upside untuk saham lapis dua ini yang kelihatannya akan mencoba break high di atas Rp 215.

• Entry (1) Rp 200, Entry (2) Rp 190, Cut-loss point: Rp 187

3.    Bumi Resources (BUMI) (BUY): (Target: Rp 3.375) (Close 23/06 Rp 3.250)

• Akumulasi oleh pelaku pasar yang didorong oleh proyeksi laba 2011-2012 yang optimis didukung oleh harga ASP dan volume produksi batubara sesuai ekspektasi menggagalkan usaha untuk menutup price gap bawah di 3.125 dan sekarang arah berubah untuk retrace atas ke 50-days moving average di 3.375

• Entry: (1) Rp 3.175, Entry (2) Rp 3.100, Cut loss point: Rp 2.975

 

4.   Gajah Tunggal (GJTL) (BUY): (Target: Rp 3.250) (Close 23/06 Rp 2.975).

• Secara technical terjadi crossover buy oleh moving average 5 dan 10 harian, daily stochastic lima harian bergerak nukik ke 50-line, yang kurang cuma tinggal penutupan di atas high kemarin (Rp 3.050), bila itu terjadi maka tren jangka pendek berubah naik untuk target berikutnya di Rp 3.250.

• Entry: (1) Rp 2.950, Entry (2) Rp 2.850, Cut loss point: Rp 2.725

 

Dibuat oleh: 

Yuganur Wijanarko

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

Saham-saham yang dominan dibeli asing, 22 Juni 2011

Saham-saham yang dominan dibeli asing, Rabu 22 Juni 2011.

Kode saham                      Volume                    Jual                           Beli

AALI	442,500	92,500	276,000
ADRO	16,782,500	3,840,500	9,583,000
AKRA	23,416,000	3,348,000	8,169,500
AMRT	117,000	0	93,000
ANTM	14,698,500	65,500	3,359,000
APLN	2,023,500	0	373,500
ASGR	1,627,500	35,000	200,000
ASII	3,265,500	195,500	2,571,500
ASRI	12,005,000	2,500,000	5,292,000
BBCA	15,876,500	7,651,500	8,118,500
BBKP	3,686,000	958,000	2,161,500
BBNI	20,266,500	3,960,000	9,507,500
BBRI	23,915,500	4,409,000	19,900,500
BBTN	10,007,500	255,000	6,918,500
BDMN	1,720,500	406,000	599,500
BHIT	176,544,500	31,922,500	39,078,000
BMRI	18,501,000	1,187,500	6,474,000
BMTR	6,405,500	67,000	2,434,500
BNBR	438,407,500	25,000	2,337,000
BNGA	638,500	4,000	24,000
BNII	786,000	0	314,000
BRAU	30,243,000	1,050,000	1,119,000
BRMS	9,418,500	10,000	1,471,500
BSDE	9,617,000	0	1,298,500
BTPN	108,500	0	39,000
BUMI	114,580,500	5,345,000	47,768,500
BWPT	18,429,500	353,500	6,078,500
BYAN	282,000	47,500	253,000
CLPI	20,778,000	0	334,500
CPIN	12,908,500	971,500	4,793,500
CTRA	500,000	0	230,000
CTRP	1,378,500	0	528,000
DAVO	21,501,000	0	210,000
ELTY	308,078,500	11,000,000	12,794,500
EMDE	4,015,000	0	799,000
EMTK	240,000	0	145,000
ENRG	471,495,500	11,855,000	130,312,000
GIAA	10,140,500	0	236,500
GJTL	5,672,000	62,000	218,500
HEXA	2,238,500	0	640,500
HRUM	2,214,500	40,500	1,661,500
ICBP	4,176,500	1,169,000	3,098,000
IDKM	197,500	0	162,000
INDF	16,144,000	2,473,000	11,404,500
INDY	12,732,000	2,905,500	5,504,000
INTP	1,506,500	187,000	1,202,000
INVS	328,500	217,000	289,500
IPOL	127,166,000	390,000	3,750,000
ISAT	856,500	50,000	568,000
JSMR	12,024,500	59,000	4,380,500
KAEF	10,210,500	0	250,000
KIJA	9,667,500	1,300,000	3,500,000
KKGI	274,500	27,500	183,500
KLBF	10,182,000	263,000	822,500
KRAS	7,692,000	0	493,500
LPKR	201,249,000	11,815,000	73,410,500
MAIN	4,969,500	0	106,500
MBSS	5,178,500	0	107,000
MDRN	90,500	15,000	83,500
MPPA	1,630,000	0	275,000
MYOR	1,579,000	969,500	1,105,500
PGAS	10,120,000	2,665,000	4,463,000
PTBA	2,671,000	617,500	787,000
PTPP	5,449,500	0	3,910,000
RALS	4,265,000	220,000	1,934,000
ROTI	95,000	50,000	87,500
SCMA	475,000	11,500	253,500
SGRO	1,911,500	0	183,500
SIMP	39,712,500	2,750,000	22,773,000
SMRA	5,372,000	841,500	1,994,000
TBIG	4,097,000	172,500	3,331,000
TCID	34,000	0	33,000
TPIA	424,500	94,000	230,000
TURI	11,704,500	0	5,000,000
UNSP	91,857,500	7,500	3,800,000
UNTR	5,878,500	291,500	2,196,500
UNVR	757,500	124,500	262,000
WINS	4,168,000	103,500	2,823,000

Rekomendasi HD Capital, 23 Juni 2011

Rekomendasi HD Capital untuk perdagangan Kamis, 23 Juni 2011

BUY: (ASII, BBRI, BUMI, TLKM)

• Bila terjadi profit taking akibat imbas regional bisa dijadikan sebagai kesempatan untuk membuka posisi baru untuk yang belum ikut dalam tren kenaikan selama ini. 

• IHSG close (22-06) 3.821.23(+28.62/+0.71%) (Val.Rp.3.4T)

• Support: 3.730-3.700, Resistance: 3,880-3.950

 

Stock picks:

1.     Astra International (ASII) (BUY) (Target Rp 61.450) (Close 22/06 Rp 60.000)

• Keadaan overbought di daily stochastic 5 hari pasca rally yang lumayan kencang selama 2 hari berturut-turut dapat menyebabkan profit taking atau koreksi untuk menutup price gap bawah di Rp 59.100.

• Entry (1) Rp 59.100, Entry (2) Rp 58.700, Cut loss point: Rp 58.100

 

2.    Bank BRI (BBRI) (BUY): (Target: Rp 6.450) (Close 22/06 Rp 6.350)

• Kegagalan untuk menutup di atas upper end formasi segitiga di Rp 6.500 menunda skenario breakout untuk BBRI namun bila terjadi koreksi minor menuju lower neckline triangle di Rp 6.250-6.150 bisa digunakan untuk trading menangkap rebound kembali ke atas.

• Entry: (1) Rp 6.250, Entry (2) Rp 6.150, Cut loss point: Rp 6.050

 

3.   Bumi Resources (BUMI) (BUY): (Target: Rp 3.300) (Close 22/06 Rp 3.200)

• Bila terjadi koreksi akibat kecewanya market setelah kenaikan rasio utang persero untuk menutup price gap bawah di Rp 3.100 dan support bawah berikutnya di Rp 2.975 karena grafik mingguan secara technical mulai menunjukan sedikit perbaikan.

• Entry: (1) Rp 3.100, Entry (2) Rp 2.975, Cut loss point: Rp 2.875

 

4.       Telekomunikasi Indonesia (TLKM) (BUY): (Target: Rp 7.350) (Close 22/06 Rp 7.150)

• Koreksi minor atau pullback ke level Rp 7.100 dan 6.950 dapat digunakan sebagai kesempatan akumulasi posisi untuk mengikuti proses kenaikan minor uptrend untuk menutup price gap atas di Rp 7.300-7.400.

• Entry: (1) Rp 7.100, 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, 23 Juni 2011

Rekomendasi beberapa sekuritas untuk perdagangan Kamis, 23 Juni 2011.
1. E-Trading Securities

Perdagangan kemarin, IHSG naik 26 poin (0,71%) ke level 3.821. Investor asing tercatat melakukan net buying Rp 723 miliar. Perlu diwaspadai aksi profit taking karena indeks telah menguat selama tiga hari berturut-turut. Untuk hari ini, indeks diperkirakan akan bergerak pada range 3.790–3.844. Cermati MEDC dan BDMN. 

2. Kresna Sekurindo

Dengan ditutup di tren turun pola bull flag, IHSG diperkirakan masih akan mencoba membentuk tren naik baru. Outlook ekonomi AS versi The Fed akan menjadi salah satu sentimen pendorong indeks. Hari ini, indeks akan menguji area positif di kisaran 3.790-3.855 dengan MEDC dan DOID sebagai saham pilihan.

3. Trimegah Securities

Di tengah kekhawatiran serta penantian akan kepastian pertumbuhan perekonomian global, masih tersedia ruang bagi IHSG untuk melanjutkan rally. Hari ini indeks akan menguji kembali resistance di level 3.850. Untuk itu, pelaku pasar bisa memanfaatkan momentum ini, karena di saat yang sama fast moving Oscillator mulai merambah area jenuh beli. Trading sell ASII, BBRI, UNTR.

Indonesia to investigate palm oil company that allegedly breached moratorium

Indonesia's REDD+ Task Force will investigate charges that PT Menteng Jaya Sawit Perdana (PT Menteng), a palm oil company owned by Malaysia-based Kuala Lumpur Kepong Berhad (KLK), has cleared peat forest in breach of the country's newly-signed moratorium on the granting of new forestry licenses on peatlands and in primary forest areas.

The allegation was levied by the Environmental Investigative Agency, an international NGO, and Telapak, an Indonesian group, after an on-the-ground undercover investigation. EIA and Telapak found that PT Menteng had cleared peat forest near Sampit in Indonesia's Central Kalimantan province without securing proper licenses. PT Menteng had only a Location Permit, not the Plantation Business Permit required under Indonesian plantation law or a permit from the Ministry of Forestry releasing the 7,400-ha (18,300-acre) concession.

PT Menteng's parent company KLK has since called the accusation "preposterous", yet has failed to produce any evidence showing that it has secured the proper permits, according to EIA.

"EIA and Telapak's evidence shows that the KLK subsidiary PT Menteng was systematically clearing land within Indonesia’s moratorium zone in the REDD+ Pilot Province," EIA's Tomasz Johnson told mongabay.com. 

"Plantation licensing records held by the Provincial and Central governments, also held by EIA, indicate that KLK does not have a plantation business operation permit for PT Menteng, nor has the land in question been released from the forest estate by the Ministry of Forestry."

In comments emailed to Reuters, KLK admitted a small area of potential illegal clearing by a contractor, but asserted it had secured a permit in 2009, two years before the moratorium went into affect. By EIA also cast doubt on those claims.

"KLK’s claim that an 'over-eager' contractor may have cleared 70 hectares does nothing to address [its lack of the proper permits]," said Johnson. "Nor does KLK’s claim to have obtained a plantation business permit for 6,000 hectares in 2009 clarify the matter any further. They refer to 'Kalimantan province', which doesn't exist, and don't stipulate which of their numerous concessions or subsidiaries the permit is supposedly for - in Central Kalimantan alone KLK has at least three concessions operating in just under 30,000 ha. "

"KLK's own company report from 2010 makes no reference to a plantation business permit for PT Menteng. Our evidence stacks up, KLK's doesn't."

To bolster its case, EIA released a trove of video, photos, and GPS coordinates. Last week, EIA and Telapak issued a joint report — Caught REDD Handed — detailing the alleged transgressions by PT Menteng. 

The allegations are especially damaging because the investigation occurred the day the forest moratorium was officially defined by Indonesian President Susilo Bambang Yudhoyono. The two-year moratorium is part of Indonesia's commitment to reduce emissions from deforestation and peatlands degradation under a $1 billion REDD+ agreement with Norway. Central Kalimantan, the province where the alleged clearing took place, is the pilot province for Indonesia's REDD+ program.

The report also caused some discomfort in Norway by highlighting the Norwegian government's $41 million investment in KLK. The KLK shares are held in Norway's pension fund portfolio, which also includes other logging and plantation companies linked to deforestation in Indonesia.

"Norway’s Government Pension Fund Global (GPFG) has investments in scores of plantation and logging companies in Indonesia, including four major groups operating 24 plantation subsidiaries without relevant permits in the Central Kalimantan Pilot Province," said EIA in a statement. "Norway has made roughly five times more money from plantations and logging in Indonesia and neighboring countries during the past year – including illegal operations – than it has granted to Indonesia thus far under the US$1bn REDD+ Letter of Intent."  Source: Mongabay  

Pearl Energy to invest $350m in Indonesia gas field

Pearl Energy, a wholly-owned subsidiary of Abu Dhabi's Mubadala Development Company, will invest about $350 million (Dh1.2 billion) in the development of the joint venture Ruby natural gas field in Indonesia in which it holds a 70 per cent stake, Andy Mitchell, Director, Corporate Communications at Mubadala Oil and Gas, told Gulf News Tuesday.

"The field will come on stream in the latter part of 2013.

"It is expected to produce 80 million standard cubic feet of gas per day," Mitchell said.

"It's a profitable development for us and would establish Mubadala as an operator in Indonesia,' he added.

Pearl Energy operates a range of exploration, development and production assets in Southeast Asia.

The development of the Ruby offshore gas field was approved by BPMigas, Indonesia's Upstream Oil and Gas Executive Agency, allowing the project to proceed to the construction and installation stage, Mubadala said in a statement.

Investment

The development phase will involve total investment of approximately $500 million by the field partners Pearl Oil (Sebuku) Limited, Total E&P Sebuku and Inpex South Makassar Ltd. Ruby is located in the Makassar Strait between Kalimantan and the island of Sulawesi, within the Sebuku Production Sharing Contract area.

The block covers 2,345 square kilometres with water depths ranging from 50 to 200 metres.

The offshore development will consist of the drilling of an anticipated four production wells and the installation of two main structures — a wellhead platform, bridge-linked to a production platform.

Gas will be transported to shore via a 14-inch, 312km pipeline and a dedicated receiving terminal, for processing at the Senipah Onshore Gas Plant, operated by Total E&P, Mubadala added.

It will then be delivered to the buyer, PT Pupuk Kalimantan Timur, which operates a nearby fertiliser plant, under the terms of a wider Natural Gas Sales and Purchase Agreement covering the Sebuku and Mahakam PSCs that was also signed this week, said Mubadala.

"Ruby is our first full-field, operated development project in Indonesia, and as such it is an important project for us to have brought to the point of sanction.

"Our efforts will now be directed to working with our contractors to deliver Ruby into production safely and on schedule," said Barry O'Donnell, Regional vice-president of Mubadala Oil and Gas. Source: Gulf News

Garuda Indonesia Orders 25 Airbus A320 Planes to Replace Boeing 737 Fleet

PT Garuda Indonesia ordered 25 Airbus SAS A320s, including 10 A320neos, as it replaces a fleet of Boeing Co. (BA) single-aisle aircraft at its low-cost unit. 

The contract, worth about $2.2 billion at list prices, also includes options for another 25 A320neo planes, Garuda Chief Financial Officer Elisa Lumbantoruan said by e-mail today. The Citilink unit, which operates five 737s, will receive the new Airbus aircraft from early 2014, he said. 

The deal builds momentum for the A320neo after Toulouse- based Airbus yesterday won 90 orders for the plane on the first day of the Paris Air Show. Boeing is deciding between joining Airbus in offering a revamped single-aisle aircraft with new engines and developing an all-new model. 

Garuda, Indonesia’s biggest carrier, picked the Airbus planes because of lower operating costs and because they were more quickly available than Boeing models, Lumbantoruan said. Slots for the 737 are sold out until 2016, Jim Albaugh, the head of Boeing’s commercial-plane unit, said in an interview yesterday. 

Airbus markets the A320neo as 15 percent more fuel efficient than current planes. Deliveries of the new aircraft are due to begin in 2015. 

Citilink also plans to add four leased Airbus A320s this year to support traffic growth that’s three times as fast as last year, Garuda said earlier this month. The unit flies to domestic cities including Jakarta, Surabaya and Denpasar.  Source: Bloomberg

Saham-saham yang dominan dibeli asing, 21 Juni 2011

Saham-saham yang dominan dibeli asing, Selasa 21 Juni 2011

Kode Saham                             Volume                             Jual                           Beli

AALI	577.000	139.500	341.500
ADRO	39.238.000	16.864.500	26.741.500
AKRA	34.616.000	20.000	2.604.500
AMFG	41.500	0	9.500
ANTM	24.620.000	2.415.000	3.888.500
ARTI	6.794.000	0	186.000
ASGR	559.500	0	51.500
ASRI	36.500.500	5.000.000	9.727.500
BBKP	6.535.000	235.000	1.640.500
BBRI	23.785.000	4.184.500	12.834.500
BBTN	6.647.500	313.000	3.015.000
BISI	10.049.500	100.000	206.500
BJBR	26.642.500	479.000	9.986.500
BKSL	77.573.000	0	17.656.500
BMRI	29.324.000	2.931.000	12.500.000
BMTR	6.746.500	0	1.136.000
BNII	367.500	30.000	150.000
BRAU	36.960.500	0	3.875.000
BSDE	15.599.500	0	3.500.000
CPIN	15.511.000	1.600.500	7.255.000
CTRA	4.581.500	1.972.000	3.281.000
CTRP	11.027.000	0	3.000.000
CTRS	7.823.000	192.000	400.000
DEWA	333.379.500	0	8.624.000
EMTK	128.500	0	110.500
ENRG	554.226.000	18.467.500	64.115.000
ETWA	9.235.500	0	1.519.500
EXCL	4.669.000	539.500	4.076.000
GGRM	1.195.000	654.000	988.000
GIAA	11.081.000	0	20.000
GJTL	10.113.000	270.000	2.072.000
HEXA	762.000	49.500	186.000
HRUM	1.835.000	11.500	614.000
ICBP	6.255.500	897.000	1.349.500
INDF	31.903.000	4.615.500	20.505.000
INDS	11.729.500	50.000	589.500
INTP	923.500	171.500	472.500
INVS	364.000	209.000	353.500
IPOL	29.156.000	0	5.000.000
ISAT	1.897.500	5.500	1.253.500
JAWA	1.211.500	0	379.500
JSMR	12.308.000	305.500	605.000
KIJA	30.415.000	6.188.500	9.480.500
KKGI	438.000	49.000	211.000
KLBF	15.636.000	2.695.500	3.436.000
LPKR	141.731.500	3.678.500	78.171.500
MAPI	1.710.500	371.000	1.022.500
MASA	9.550.000	0	1.500.000
MDRN	1.273.000	0	1.267.500
MIDI	1.491.500	0	151.500
PGAS	15.669.500	8.374.000	10.892.000
PNBN	5.119.500	356.000	4.256.000
PTPP	3.694.000	0	3.174.000
RALS	2.424.000	109.000	872.000
SCMA	909.000	19.500	375.000
SGRO	3.300.000	90.500	1.804.500
SIMP	19.877.000	5.594.500	7.913.500
SMCB	750.000	0	94.500
SMGR	7.057.000	371.500	6.296.500
SMRA	7.960.500	1.137.000	6.070.000
SMSM	1.058.500	0	30.500
SSIA	5.688.000	1.000.000	3.069.000
TBIG	1.280.000	50.000	1.023.500
TBLA	2.982.500	0	94.000
TCID	226.500	220.000	149.000
TLKM	12.521.500	3.231.500	7.271.000
TRAM	69.741.500	0	376.000
TSPC	280.500	50.000	280.000
UNSP	101.234.000	530.000	978.000
UNTR	5.349.500	873.500	3.623.500
UNVR	782.000	26.000	171.000