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

Kamis, 10 Februari 2011

Indo flavour: Upgrade CPO price - Nomura

Ken Arieff, our plantations analyst, believes the CPO party is far from over. He remains bullish on palm oil outlook and upgraded our CPO price assumption from RM3000/t to RM3400/t in 2011F and to RM3550/t in 2012F.

Ken Arieff points out that most planters has either lagged CPO prices by an average of 26% or have corrected up to 16% from their recent peak. He believes concerns over production pick up in 2H11 and China’s tightening are over done. Supply from competing vegetable oils (soybean oils, rapeseed oils, sunflower oils) will remain tight given high overall agriculture prices will intensify the fight for acres, benefiting palm oil.

Poor soft commodity production, strengthening crude oil prices, and a weak US dollar continue the perfect storm for the sector. Note that Indonesian export tax has hit the maximum level of 25% in Feb11 as CPO price rises. Thus Indonesian plantations will benefit from a further rally in CPO price from here as export tax rate will not increase further even if CPO price moves higher (above US$1250/t). Current spot CPO price (KO1 Comdty) is US$1,309/t.

Our Top Picks are Sime Darby for its better leverage to CPO price and reasonable valuations, London Sumatra as the laggard, and Indofood Agri, which has been punished by poor sector sentiment.
Posted by Saham Pilihan at 11.01

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)