Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Rabu, 19 Januari 2011

NISP Sekuritas Daily 19 Jan 2011 (Cement, BMRI, AALI, INTA)

Domestic cement sales jumps by 6.2% YoY
·          Cement companies sold 40.79mn tons of cement in 2010, up by 38.4mn tons in 2009. The biggest jump was the fragmented players which filled in demand from outer Java, as they saw sales rose by a double digit figure of 14.1% YoY to 5.0mn tons in 2010.
·          Out of the three biggest players, Indocement (INTP, Rp14,900) booked the largest growth by 8.6% YoY to 12.6mn tons from last year. It also saw its market share increase slightly to 30.9% YoY while Semen Gresik (SMGR, Rp8.850) saw market share decline to 43.3% as its sales was up only slightly by 2.9% YoY to 17.6mn tons.

Mandiri right issue said to be in the Rp5,000 mark (BMRI, Rp5,600)
·          It is rumored that Bank Mandiri has determined its right issue price to range in the Rp5,000 mark from initial range of Rp4,000-6,150. However when questioned, the Minister of SOE, Mustafa Abubakar, stated that there is no final decision on this matter.
·          Initial plans for the right issue to be listed on February 14,2010.
·          BMRI is trading at 2011F consensus PER of 11.3x and PBV of 2.4x.

Astra Agro Lestari sales reaches Rp7.81tn, up by 18.5% YoY (AALI, Rp24,900)
·          Astra Agro Lestari reported that its CPO sales are expected to have reached Rp7.81tn or up by 18.5% YoY from Rp6.59tn in 2009. Previously the company had reported that 2010 CPO production had reach 1.11mn tons or flat growth by 5.2% YoY from 1.06mn tons in 2009, due to increase of FFB purchase from third parties.
·          Average selling price last year reached Rp7,027 per kg or up by 12.6% YoY from Rp6,242 per kg in 2008. Therefore its performance was mostly driven by price improvement than volume.
·          Domestic sales increased by 12.6% YoY to 1.02mn tons while export sales declined by 40.3% YoY to only 87.5mn tons.
·          AALI is trading at 2011F consensus PER of 15.1x and EV/EBITDA of 9.8x.

Intraco Penta to acquire coal mine for US$300mn (INTA, Rp2,475)
·          Intraco Penta will soon acquire mining rights in Kalimantan for US$300mn or Rp2.7tn. The rights are control over more than 100mn MT low-calorific value coal. The company is now in negotiations however stated that a clear decision will be made in the second to third quarter this year.
·          Funds for the acquisition will come from its rights issue and bond issue proceeds.
·          Management added that the IPO of its subsidiary, Intan Baruna Finance is targeted to be completed by the end of this year, or in early 2012.
Posted by Saham Pilihan at 09.30

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)