Borneo Lumbung Chief Expects Stable Coal Prices

Coking coal prices should remain near current levels for the rest of this year despite expectations of a slowdown in demand from China, said Samin Tan, chief executive of PT Borneo Lumbung Engergi & Metal, Indonesia's largest coking coal miner. 

The recently listed company—which mines the coal used to make steel on Indonesia's island of Kalimantan—expects to get an average price of around $250 per ton of its coal this year. That is well above the $185 it made last year but down from a peak of more than $300 hit earlier this year. 

"China has continued to raise the interest rate," Mr. Tan said in an interview. Coal prices have reacted, he said, because "that sends to signal to the market that the Chinese economy is cooling down." Despite that, he said he thinks demand will still prove to be strong enough to keep prices from falling much more. 

While China is its biggest customer, the concerns there aren't derailing Borneo Lumbung's expansion plans. Mr. Tan said the company is already on track to expand its production this year by 88% to 3.6 million tons. "We hope we are going to surpass that target," he said. 

The company's aggressive plans demonstrate optimism that demand for coking coal and other commodities will continue to grow even as China's economic expansion starts to slow. 

Borneo Lumbung, which listed its shares in Indonesia in November, recorded earnings before interest, tax, depreciation and amortization of 1.319 trillion rupiah ($154.8 million) as it produced roughly two million tons of coal last year. This year it should be able to take home an Ebitda of as much as $500 million, Mr. Tan predicted.

"Borneo's average selling prices, production and expansion plans are on track, which should set the stage for its long-term growth as a coking-coal player," said Erindra Krisnawan, analyst at CIMB Securities in Jakarta, in a report this week. 

While the global expansion of the coal industry means Borneo Lumbung often has to wait two years or more for delivery of the huge trucks and other equipment needed to get coal out of the ground, Mr. Tan said the company is on track to expand its capacity to five million tons by the beginning of next year and 15 million tons in 2016.

Borneo has enough reserves to last far into the future. It expects that as early as this month it will be able to expand its confirmed minable reserves to 100 million tons from the current 70 million tons, said Mr. Tan. The company still has a huge area to look for coal in its Kalimantan field and expects to find more, he said, and also has more than $400 million in cash to expand through acquisitions if needed. Source: Wall Street Journal

San Miguel eyes energy projects in Indonesia, Australia

San Miguel Corp., the Philippines’ largest listed company by sales, is considering energy investments in Indonesia and Australia to expand in markets overseas following a series of acquisitions at home.

“That’s what we’re aiming for,” President Ramon Ang told reporters. “Be it coal or natural gas, as long as it’s energy related.”

The company that’s been a brewer for more than a century, has been expanding into industries such as oil, mining, power and infrastructure to boost return on equity to three times the 7 percent level it used to earn from food and drinks alone. It has spent at least $4.5 billion on acquisitions in the past three years and had $2.9 billion in cash at the end of December, according to data compiled by Bloomberg.

San Miguel will likely reach an agreement on an overseas acquisition in August, Ang said on July 6. Last month, he said it is targeting a company in Asia that’s “very profitable” and has “big potential.” He declined to talk about it yesterday.

The company’s profit in the first half rose “double digit” from a year earlier, boosted by energy investments led by Petron Corp., Ang said. Profit at Petron, the nation’s biggest oil company, also increased double-digit, he said, without elaborating.

San Miguel’s net income in the three months ended March more than doubled to 7.14 billion pesos ($170 million) from 2.9 billion pesos a year earlier.

Petron will “for sure” sell shares this year to meet the stock exchange’s minimum public ownership requirement and raise funds for expansion, Ang said. The company, which accounts for about a third of the domestic oil market, will probably contribute about 230 billion pesos to San Miguel’s sales this year, making it the single-biggest source of revenue, Ang said on Feb. 3.

San Miguel shares have fallen 22 percent this year compared with the 6.4 percent advance in the benchmark Philippine Stock Exchange Index. The stock was unchanged at 127.90 pesos as of 11:09 a.m. in Manila trading. Petron, which has declined 15 percent this year, rose 0.3 percent to 16 pesos.

San Miguel plunged the most in more than 21 years on May 5 after raising about $1 billion selling shares and convertible bonds at a discount.

In addition to its controlling stake in Petron, San Miguel owns power plants that provide more than a fifth of the country’s electricity requirements and a 10 percent interest in Australia-based miner Indophil Resources NL. Indophil holds a third of Tampakan, the largest untapped gold and copper deposit in Southeast Asia.

San Miguel, which has said it expects new businesses to make up 70 percent of revenue in five years, also owns a stake in Manila Electric Co., the nation’s largest power retailer, and has investments in companies with rights to build airports, toll roads and rapid rail transit. Source: Manila Bulletin

Palm Oil May Drop to $952 on Malaysia, Indonesia Output Jump, Mistry Says

Palm oil may slump to as low as 2,800 ringgit ($952) per metric ton in September as output jumps in Malaysia and Indonesia, the world’s two largest growers, according to Dorab Mistry, director of Godrej International Ltd.q

Malaysia may produce 19 million tons in 2011, 2 million more than last year, Mistry told a symposium in Sydney today, according to an advance copy of his remarks. Indonesian output may gain 3 million tons to 25.5 million tons, said Mistry. Palm oil traded at 3,134 ringgit at 5:23 p.m. in Singapore yesterday. 

Lower palm oil prices may help to ease global food costs that rallied to a record in February, according to a United Nations gauge, and held within 2 percent of that peak in June. Mistry, who’s traded the oil used in food and fuels for more than three decades, forecast a rebound to 4,000 ringgit in 2012. 

By September, “the peak summer demand will have gone, Indonesian biodiesel production will slow down dramatically and CPO production will rise strongly,” Mistry said according to the remarks, referring to crude palm oil by its initials. Malaysian stockpiles will reach a record in December, he said. 

Palm oil on the Malaysia Derivatives Exchange has slumped 21 percent since climbing to a 35-month high of 3,967 ringgit on Feb. 10 on expectations output will expand this year. Crude oil’s 28 percent rally over the past year has also lifted the appeal of vegetable oils in biofuels. Mistry said that his forecasts were based on crude oil at $85 to $105 per barrel.

Sime’s Forecast

Lower palm oil prices may hurt growers such as Malaysia’s Sime Darby Bhd. (SIME), the world’s biggest listed producer. Palm oil may remain at about 3,000 ringgit for the rest of the year on good demand, Franki Anthony, Sime Darby’s plantation managing director, said on July 22. 

Mistry’s forecast today is similar to his last public call in April, which was issued in Beijing. He said then that prices may decline to less than 3,000 ringgit as output in Southeast Asia expanded, before rallying in the final quarter. 

“I expect palm stocks on 1st December in Malaysia to be at a record high,” Mistry said in Sydney today, according to the remarks. Reserves in the second-largest producer reached an all- time high of 2.27 million tons in November 2008 and stood at 2.05 million tons last month, according to Bloomberg data. 

Global palm oil output will expand at least 6 million tons from last year as Papua New Guinea, Thailand, India and Colombia also see growth, he said. “We have a strong recovery in tree output, plus a strong increase in mature area,” Mistry said.

Record Production

Mistry’s forecasts for production in Malaysia and Indonesia are higher than official projections. Malaysian output may be 17.6 million tons in 2011, compared with 17 million in 2010, Plantation Industries and Commodities Minister Bernard Dompok said in March. 

Dompok’s outlook would match output in 2009 and compare with 2008’s record 17.7 million tons, official data show.

Indonesia expects output to rise 5.3 percent to 24.4 million tons in 2011, Gamal Nasir, director general for estate crops at the agriculture ministry, said in December. Production in Indonesia will rise 8.1 percent to 24 million tons in 2011, Hamburg-based researcher Oil World said in a July 19 report. 

Global biodiesel demand is expected to grow 3 million tons this year, while demand for food will expand 3.5 million tons driven by rising populations and better living standards in developing countries, according to Mistry. Palm oil competes with soybean oil for use in foods and fuels. 

Soybean oil will remain “steady” at $1,250 a ton free-on- board for the next few months due to biodiesel mandates in Brazil and Argentina, Mistry said. Still, the erosion in export demand for soybean oil from so-called price-sensitive countries will continue given its large premium over palm oil, he said. 

Large stockpiles of soybeans in 2011 from better-than- expected crops in Argentina, Brazil and Paraguay may lead to an increase of almost 12 million tons in the crushing of the oilseed compared with last year, Mistry said. That would help to produce 2 million tons more soybean oil in 2011, he said. 

“Soya-oil prices will only rally around December-January as we approach the end of the South American crush season,” Mistry said. “The soya oil premium over palm oil will narrow as a first step before we see any gains in soya oil.” Source: Bloomberg

Rekomendasi HD Capital, 28 Juli 2011

Rekomendasi HD Capital untuk perdagangan Kamis, 28 Juli 2011.

BUY: (BUMI, BNBR, INDF) SELL: BMRI

• Kenaikan IHSG ke all time high dan keadaan yang overbought (jenuh beli) dapat menyebabkan profit taking namun masih ada beberapa emiten second liner dan big cap yang belum mengikuti siklus kenaikan sebelumnya bisa dilirik untuk trading. 

• IHSG close (27-07) 4.174.64 (+41.33/+1.00%) (Val.Rp.3.8T)

• Support: 4.086-4.056-3.970, Resistance: 4.175-4.250

 

Stock picks:

1.     Bank Mandiri (BMRI) (SELL) (Koreksi Rp 7.900) (Close 27/07 Rp 8.050)

• Kenaikan diatas all time high Rp 8.050 dan keadaan jenuh beli (overbought) dapat menyebabkan profit taking atau koreksi minor sehingga rekomen jual dahulu bila masih ada sisa kenaikan lagi.

• Exit (1) Rp 8.050, Exit (2) Rp 8.150, Reverse posisi: Rp 8.200

 

2.    Bumi Resources (BUMI) (BUY): (Target: Rp 3.275) (Close 22/07 Rp 3.125)

• Diperkirakan koreksi akibat ex dividend Rp 44/saham tidak akan terlalu berpengaruh kepada misi utama untuk keluar dari trading range Rp 3.050-3.125 dan menuju ke resistance di moving average 50 harian di Rp 3.275.

• Entry: (1) Rp 3.100, Entry (2) Rp 3.050, Cut loss point: Rp 2.950

 

3.   Bakrie and Brothers (BNBR) (BUY): (Target: Rp 78-85) (Close 27/07 Rp 73)

• Selain menjadi pemilik saham dari BUMI resources, biasanya pergerakan BNBR mengikutinya alias sudah "1 paket" dengan BUMI

• Pasca konsolidasi antara level support Rp 70 dan resistance Rp 75 untuk mengurangi keadaan jenuh beli (overbought) di stochastic, saham ini dapat melanjutkan perjalanan ke target breakout berikutnya di Rp 78-85.

• Entry (1) Rp 72, Entry (2) Rp 70, Cut loss point: Rp 68

 

4.       Indofood (INDF) (BUY): (Target: Rp 6.300) (Close 27/07 Rp 6.100)

• Pasca koreksi dari ex-dividen Rp 133/saham dapat ter-offset oleh penguatan rupiah yang mengurangi beban utang dan import cost gandum dalam US$, daya beli masyarakat tinggi yang dapat menopang kenaikan harga mie merupakan katalis positif untuk akumulasi.

• Entry: (1) Rp 6.050, Entry (2) Rp 5.900, Cut loss point: Rp 5.750

 

Dibuat oleh: 

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 28 Juli 2011

Rekomendasi beberapa sekuritas untuk perdagangan Kamis, 28 Juli 2011.

1. E-Trading Securities

Pada perdagangan kemarin, IHSG naik 41 poin (1,00%) ke level 4.174,11. Asing tercatat melakukan net buying sebesar Rp 394 miliar. Secara teknikal, penguatan selama dua hari berturut-turut membuat indeks masuk area overbought, sehingga perlu diwaspadai sinyal reversal. Hari ini indeks diperkirakan bergerak konsolidasi pada range 4.133-4.212. Cermati MAPI, BBRI, dan PTBA.

2. Universal Broker Indonesia

IHSG diprediksi kembali menguat karena kondisi eksternal dan internal masih kondusif bagi pasar modal nasional. Selain itu, indeks kini dalam tren bullish.  Hari ini, indeks diprediksi berada di level support 4.150-4.125 dan resistance 4.250-4.225. Indeks masih berpotensi naik, kecuali jika indeks Dow Jones turun 1-2%.  

United Tractors Q2 net profit up 27 pct

United Tractors , Indonesia's biggest heavy equipment provider, said on Wednesday that its second quarter net profit rose 27 percent to 1.24 trillion rupiah on higher sales.

The firm, controlled by Indonesia's largest listed firm Astra International , saw heavy equipment sales rising to 742 units in the first six months from 507 units in the same period last year.

Shares in United Tractors were up nearly 8 percent on Wednesday ahead of the results, and rose 9 percent in the first half to outperform a Jakarta index up around 5 percent. Source: Reuters

Saham-saham yang dominan dibeli asing, 26 Juli 2011

Saham-saham yang dominan dibeli asing, Selasa 26 Juli 2011.

Kode Saham                           Volume                 Jual                     Beli

AALI	919,000	69,500	265,500
ADMF	51,500	0	18,000
ADRO	34,656,000	4,038,500	21,875,000
AKRA	18,795,500	6,901,500	10,185,500
AMAG	2,986,000	200,000	357,500
AMFG	180,500	30,500	85,000
AMRT	133,500	0	105,000
APLN	39,784,500	9,144,500	10,397,000
ASBI	343,500	0	263,000
ASGR	928,000	0	48,000
ASII	2,707,000	1,429,000	2,226,500
BBKP	88,410,500	2,001,000	13,786,500
BBLD	900,500	0	297,000
BBNI	99,938,500	33,345,000	60,801,500
BBTN	32,337,000	7,138,000	13,681,000
BFIN	775,500	199,500	235,000
BHIT	34,358,000	0	2,598,000
BIPI	20,940,000	0	950,000
BISI	3,095,500	0	223,000
BJBR	45,737,000	1,351,500	4,778,500
BKDP	54,028,000	0	5,969,500
BLTA	107,395,500	17,540,000	25,893,000
BMRI	31,437,500	11,302,000	12,370,000
BMTR	12,530,500	92,500	4,064,000
BNII	1,576,500	50,000	158,500
BRAU	29,653,000	0	9,750,000
BTEL	14,125,000	1,000	1,933,000
BUDI	3,029,000	0	264,000
BULL	4,532,500	0	3,000,000
BUMI	51,452,500	4,612,000	5,712,500
BVIC	26,394,000	0	635,500
BWPT	20,693,500	93,500	875,000
CFIN	7,687,500	0	550,000
CPIN	18,654,500	952,500	3,246,000
CSAP	10,076,000	0	50,000
CTRA	13,845,000	5,125,500	6,382,500
DOID	36,812,500	0	207,500
EMDE	1,778,000	0	1,220,000
EMTK	132,000	0	46,000
ENRG	287,237,000	18,514,000	19,749,500
EPMT	85,500	0	35,500
GIAA	47,933,500	0	42,500
HEXA	396,000	0	119,000
ICBP	3,918,000	290,000	1,911,000
IDKM	7,050,000	0	22,500
IMAS	605,000	0	438,500
INDF	11,950,500	2,489,500	4,087,000
INDY	2,606,500	43,000	131,000
INTA	29,437,000	0	500,000
INVS	315,500	199,000	210,000
IPOL	95,760,000	0	10,000,000
ISAT	1,065,500	0	939,000
ITMG	4,650,000	756,000	2,395,000
JIHD	154,000	0	54,000
JKON	300,000	0	200,000
JPRS	241,721,500	2,530,000	3,344,500
JSMR	12,227,500	1,357,000	4,944,500
JTPE	24,721,000	0	320,500
LPCK	89,238,000	3,153,000	4,353,500
LSIP	10,141,000	1,046,500	3,146,500
MAIN	22,831,500	1,000	155,000
MAPI	2,089,500	781,500	859,500
MASA	15,632,500	174,500	200,000
MBSS	9,985,000	0	2,031,500
META	808,000	0	57,500
MIDI	646,000	230,000	427,000
MNCN	12,702,500	5,895,000	10,767,000
MPPA	3,269,000	207,000	244,000
MTLA	4,673,000	0	2,375,000
PANS	375,000	20,000	30,000
PBRX	6,487,500	0	1,000,000
PGAS	15,196,500	3,787,500	7,036,000
PNBN	6,348,000	62,500	1,663,500
PTIS	847,000	0	200,000
PTPP	3,176,000	0	880,500
PWON	14,208,000	0	1,142,000
PYFA	9,492,000	0	17,500
RAJA	1,503,500	0	112,500
RICY	5,624,500	0	250,000
RMBA	1,287,500	0	43,000
SGRO	12,425,000	0	1,696,000
SIMP	12,722,000	515,000	2,888,000
SIPD	522,481,500	300,000	70,880,000
SMAR	100,500	5,000	37,000
SMCB	4,924,500	774,000	2,375,000
SMDR	106,000	0	26,000
SMGR	5,746,000	1,857,000	2,726,000
SMMA	379,500	0	12,000
STAR	17,846,500	0	100,000
SULI	3,161,500	0	250,000
TBIG	919,500	200,500	770,000
TBLA	51,892,000	35,500	514,500
TINS	5,127,000	1,567,500	1,647,500
TKIM	1,268,000	0	62,500
TOTL	1,125,500	0	697,000
TRAM	52,186,500	0	724,000
TURI	13,512,000	0	5,060,000
UNSP	122,134,000	11,000	2,331,000
UNTR	5,863,500	3,935,000	4,563,000
VOKS	62,500	0	8,500
WIKA	8,709,500	2,000,000	6,668,000
WINS	5,092,500	314,000	1,643,000
WOMF	3,689,500	0	500,000

Rekomendasi HD Capital, 27 Juli 2011

Rekomendasi HD Capital untuk perdagangan Rabu, 27 Juli 2011.

BUY:  ADRO, BJBR, BUMI SELL: ASII

• Kenaikan di IHSG ke all time dapat memicu profit taking, namu penurunan akan terbatas oleh beberapa emitten dengan kapitalisasi besar yang masih dalam tahap tren positif.

• IHSG close (26-07) 4.122.641(+35.768/+0.83%) (Val.Rp.3.6T) 

• Support: 4.090-4.026-3.960, Resistance: 4.175-4.250

 

Stock picks:

1.      Adaro Energy (ADRO) (BUY) (Target Rp 2.750) (Close 26/07 Rp 2.575)

• Langkah perseroan untuk masuk ke bisnis pembangkit listik domestik dengan mitra dari Jepang dapat meningkatkan permintaan batubara dan nilai jual persero terhadap pembeli batubara di kemudian hari.
• Entry (1) Rp 2.550, Entry (2) Rp 2.475 Cut loss point: Rp 2.425

 

2.    Bumi Resources (BUMI) (BUY): (Target: Rp 3.300) (Close 26/07: Rp 3.125)

• Didorong oleh sentimen positif dividend Rp 44/saham (cum 27/07) pergerakan harga yang mencoba menutup price gap atas di Rp 3.100 kelihatannya akan berlanjut hingga menguji resistance berikutnya di Rp 3.250-3.300 atau moving average 50 harian.

• Entry (1) Rp 3.100, Entry (2) Rp 3.050, Cut loss point: Rp 2.950.

 

3.    Bank Jabar (BJBR) (BUY): (Target: Rp 1.290) (Close 26/07 Rp 1.230)

• Secara technical menarik untuk kandidat breakout, dengan daily stochastic diatas 50-line dan ruang banyak untuk naik hingga ke daerah overbought.

• Penutupan diatas harga 1 minggu terakhir dengan volume yang lebih besar merupakan tanda bahwa akan terjadi pergerakan untuk bermain diatas level Rp.1210 dalam jangka waktu dekat.

• Entry: (1) Rp 1.210, Entry (2) Rp 1.190, Cut loss point: Rp 1.160

 

4.   Astra International (ASII) (SELL): (Koreksi: Rp 72.000) (Close 26/07 Rp 73.350).

• Keadaan yang terlalu jenuh beli (overbought), tren yang terlalu extended serta valuasi yang mulai terlihat mahal dengan beberapa katalis positif tercemin dalam kenaikan harga adapt menyebabkan profit taking (koreksi) pasca pencetakan new high ini.

• Exit: (1) Rp 74.000, Exit (2) Rp 75.300, Reverse posisi: Rp 76.550

  

Dibuat oleh:

Yuganur Wijanarko

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

Rekomendasi Beberapa Sekuritas, 27 Juli 2011

Rekomendasi beberapa sekuritas untuk perdagangan Rabu, 27 Juli 2011.

1. E-Trading Securities

Pada perdagangan kemarin, IHSG naik  45 poin (1,12%) ke level 4.132 dengan net buying asing Rp 79 miliar. Secara teknikal, perlu diwaspadai profit taking. Hari ini, indeks cenderung menguat di kisaran 4.084-4.160. Perhatikan JPFA, BJBR, dan UNTR.

2. Trimegah Securities

Beberapa saham unggulan mendorong IHSG membukukan rekor tertingginya pada level 4.134. Ada momentum untuk menciptakan rekor harga baru kembali dengan basis support 4.080. Trading ASII, BBCA, UNTR, MAPI.

Laba Bersih BWPT Semester I 2011 Melonjak 99,4%

PT BW Plantations Tbk (BWPT) berhasil membukukan pertumbuhan laba bersih 99,4% pada semester I-2011 menjadi Rp 170,6 miliar dari tahun sebelumnya sebesar Rp 85,6 miliar. Kenaikan ini ditopang oleh peningkatan pendapatan sebesar 73% dari Rp 275,7 miliar menjadi  Rp 476,9 miliar.

Kontribusi penjualan CPO mencapai Rp 413,4 miliar atau 87%, sedangkan kernel Rp 63,9 miliar atau 13% dari total pendapatan perseroan. Dari sisi volume, BWPT berhasil meningkatkan volume penjualan CPO sebesar 35% dan kernel 64%. Kenaikan harga juga turut menyumbang pertumbuhan pendapatan perseroan, dengan rincian harga jual CPO naik 19% dan kernel 101%.

BWPT juga berhasil melakukan penanaman baru sebanyak 4.416 hektare dan penambahan area ytertanam dalam setahun terakhir sebanyak 10.428 ha.

Saham-saham yang dominan dibeli asing, 25 Juli 2011

Saham-saham yang dominan dibeli asing, Senin 25 Juli 2011.

Kode saham                        Volume                   Jual                     Beli

AALI	877.000	37.000	121.500
ADMG	97.951.000	1.635.000	1.751.000
ADRO	25.116.000	4.563.500	15.860.000
AISA	32.099.000	400.000	9.420.000
AKRA	28.200.000	50.500	1.498.000
AMFG	313.000	0	156.000
AMRT	4.500	0	4.500
APLN	22.314.500	2.007.500	8.430.500
ASBI	418.000	0	291.500
ASGR	1.029.500	0	99.000
ASRI	213.888.000	18.475.000	64.931.500
BBKP	32.670.500	111.000	15.986.500
BBLD	1.279.500	0	50.000
BBNI	30.629.500	7.406.500	14.920.500
BBTN	25.551.000	6.008.500	7.203.000
BDMN	13.939.500	827.000	4.288.000
BFIN	655.500	13.500	409.000
BHIT	217.525.500	51.248.000	94.596.500
BIPI	44.363.500	0	462.500
BKDP	172.697.500	72.500	10.000.000
BKSL	53.050.500	112.500	300.000
BLTA	30.125.500	7.530.000	11.125.000
BNBR	410.826.500	1.500.000	20.500.000
BRAU	10.052.000	23.000	3.461.500
BRMS	5.484.500	0	1.628.500
BSDE	14.616.500	3.749.000	5.896.000
BTEL	11.014.500	0	140.000
BVIC	6.720.500	0	500.000
BYAN	241.000	114.500	178.000
CFIN	6.674.500	943.000	1.017.500
CTRA	5.132.500	20.000	1.000.000
CTRP	4.327.500	600.000	2.000.000
CTRS	664.000	50.000	100.000
DEWA	469.791.000	2.500.000	30.841.000
ELSA	2.418.500	2.000	300.000
ELTY	916.591.500	23.215.000	111.589.500
EMDE	2.175.500	0	995.000
EMTK	127.500	0	104.500
EPMT	60.500	0	45.500
EXCL	1.338.000	257.500	291.000
FASW	823.000	0	64.500
GIAA	53.150.000	0	1.380.000
GJTL	14.825.000	1.131.000	2.152.000
HEXA	137.500	0	89.500
IMAS	5.290.500	712.500	2.211.500
INDF	13.019.000	1.899.000	3.568.000
INDY	5.952.500	662.500	3.867.000
INVS	404.000	209.500	396.500
ISAT	3.800.000	77.000	3.373.500
JAWA	2.748.000	0	1.300.000
JPFA	4.880.500	734.500	801.000
JSMR	13.581.000	343.500	3.520.000
KDSI	654.500	0	270.000
LPCK	32.444.500	0	205.000
LSIP	9.073.500	2.762.000	4.404.000
MAIN	11.070.000	23.000	1.000.000
MAPI	2.822.000	267.500	748.500
MDRN	82.500	35.000	42.000
META	1.937.500	0	500.000
MNCN	37.944.500	12.464.000	25.462.500
MYOR	512.500	313.000	348.500
PBRX	6.156.500	0	100.000
PNBN	2.075.500	0	679.500
PTBA	2.199.000	187.500	684.500
PTIS	563.000	0	60.000
PTPP	1.428.500	0	150.000
PWON	7.604.000	0	500.000
ROTI	377.500	50.000	159.000
SMAR	143.500	36.500	44.000
SMCB	5.423.500	0	3.300.500
SMRA	29.135.500	1.696.500	12.357.000
TLKM	14.089.500	7.267.000	11.357.000
TOTL	1.117.000	0	359.000
TPIA	19.000	6.000	10.000
UNSP	222.661.500	511.500	1.279.500
UNTR	3.913.000	2.279.500	2.794.000
UNVR	671.500	237.000	325.000
WIKA	8.102.500	2.676.000	7.601.500
WOMF	3.095.500	0	206.500

Laba Bersih Astra Agro Lestari Semester I-2011 Melonjak 99,54%

PT Astra Agro Lestari Tbk (AALI) pada semester I-2011 berhasil membukukan laba bersih Rp 1,27 triliun, melonjak dua kali lipat dari periode yang sama tahun lalu sebesar Rp 636,45 miliar berkat pertumbuhan penjualan.

Kenaikan laba bersih AALI ditopang oleh kenaikan angka penjualan baik dari minyak sawit mentah (crude palm oil/CPO) maupun komoditas lainnya dalam setahun terakhir menjadi Rp 5,29 triliun atau naik 51% dari tahun lalu sebesar Rp 3,51 triliun.

Menurut Investor Relations Astra Agro Lestari Tofan Mahdi, pencapaian kinerja tersebut ditopang oleh nilai penjualan komoditas perseroan yang cukup tinggi pada 6 bulan pertama tahun ini. "Laba kami naik hingga 2 kali lipat pada semester pertama tahun ini dibandingkan dengan periode yang sama tahun lalu, pendorongnya adalah penjualan kami meningkat," kata dia.

Dalam keterbukaan informasi kepada Bursa Efek Indonesia, anak perusahaan dari Astra International ini mencatatkan penjualan komoditas CPO sepanjang semester I-2011 sebesar Rp 4,54 triliun, naik 44,5% dibandingkan periode yang sama tahun lalu sebesar Rp 3,14 triliun.

Peningkatan tersebut berkat pertumbuhan penjualan CPO perseroan sebesar 18,7% dari 477.639 ton menjadi 566.774 ton. Penjualan tersebut didominasi oleh kenaikan volume penjualan lokal yang mampu menyerap 94,8% atau sebanyak 537.226 ton, naik sebesar 22,7% dari sebelumnya sebesar 437,96 ton.

Harga rata-rata CPO perseroan berada pada level Rp 8.013 per kg atau naik 21,6% dari periode yang sama tahun lalu sebesar Rp 6.590 per kg.

Corporate Planning and Investor Relations Astra Agro Lestari Yarmanto mengatakan peningkatan tersebut seiring dengan membaiknya produksi tandan buah segar (TBS) yang dibukukan perseroan pada periode 6 bulan pertama ini.

Rekomendasi Beberapa Sekuritas, 26 Juli 2011

Rekomendasi beberapa sekuritas untuk perdagangan Selasa, 26 Juli 2011.

1. E-Trading Securities

Pada perdagangan kemarin, indeks harga saham gabungan (IHSG) turun 19,78 poin (-0,48%) ke level 4.087,09. Hari ini, indeks diperkirakan bergerak pada range 4.046-4.109. Perhatikan BSDE, BBTN, AKRA.

2. Reliance Securities

Indeks diprediksi masih kembali melemah dengan support terdekat level 4.040 dan resistance 4.106. Saham-saham yang masih berpotensi terkoreksi antara lain UNTR, GGRM, ISAT, ITMG, JSMR dan PTBA.

Review HD Capital Terhadap Market Bulan Juli 2011

HD “Hits, close but no cigar, & misses” score review Monthly strategy June (24-06-2011) (80%)

 

HD "Hits, close but no cigar, & misses" score review

Hits (mencapai & melebihi TP 1-bln), Close but no cigar (mendekati TP 1-bln), Miss (Tidak mencapai atau mendekati TP 1-bln):

Monthly Strategy 2011

Monthly Strategy-June (24-06-2011) (BUY):   "Masih optimis akan arah IHSG"

 (IDX 24/06: 3.821) (IDX 21/07: 4.051) (Hit)

 

Rekomendasi Portofolio & Target Price 1-bulan:

• 1. (Hit) Astra International (ASII) (TP:Rp.61.500) (24/06:Rp.60.000) (21/07:Rp.Rp.71.700)

• 2. (Miss) Bakrie Sumatra (UNSP) (TP: Rp.460) (24/07:Rp.390) (21/07:Rp.Rp.430) 

• 3. (Hit) Bank Mandiri (BMRI) (TP: Rp.7.400) (24/06: Rp.7.150) (21/07: Rp.7.600)

• 4. (Hit) Bank BCA (BBCA) (TP: Rp.7.400) (24/06:Rp.7.100) (21/07:Rp.Rp.7.950) 

• 5. (Hit) Bank BRI (BBRI) (TP: Rp.6.500) (24/06:Rp.6.300) (21/07: Rp.6.750)

• 6. (Miss) Bumi Resources (BUMI) (TP: Rp.3.500) (24/06:Rp.3.200) (21/07: Rp.3.100) 

• 7. (Hit) United Tractors (UNTR) (TP: Rp.23.800) (24/06:Rp.22.600) (24/07: Rp.25.200)

 

Hits (mencapai TP 1-bln termasuk index close lebih diatas level cutoff date): 7

Close but no cigar (mendekati TP 1-bln): 0

Miss (Tidak mencapai atau mendekati TP 1-bln): 2

Total Accuracy:  80% (hits)

Dibuat oleh: 

Yuganur Wijanarko

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