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

Selasa, 05 April 2011

Aneka Tambang: Key takeaways from management meeting (ANTM, Rp2,300, Neutral, TP: Rp2,400) - Mandiri

􀂄 Due to technicality problem, coal fired power plant project is no longer relevant to be used for the furnace or smelters. Coal fired power plants can only be used for supporting needs. Fuel will remain contributing significant portion to total energy mix to support its base load power generation for the smelters
􀂄 Antam has sent request for proposal (RFP) to more than 20 international/local financial institutions regarding the funding of its FeNi IV project in Halmahera
􀂄 Antam has signed the MoU with PT PLN to build around 280MW power plant and develop the infrastructure for FeNi IV project in Halmahera, which it might cost around US$500-600mn out of total project cost of US$1.6bn. From 280 MW, coal fired power plant project contributes around 80MW for the supporting needs
􀂄 Antam expects total routine capex around US$450-500mn in FY11F including the refurbishment or upgrading FeNi I and FeNi II plants. It will take around 4 months shut down
􀂄 Ground breaking for the Chemical Grade Alumina (CGA) project is next week. Antam confirmed that JBIC has verbally approved the funding for CGA project while waiting for the ongoing corporate guarantee approval from several ministers in regard to the loan disbursement.
􀂄 Antam forecast ferronickel production will be flat at 18k tons, nickel ore will increase to 7.8mn wmt and gold production around 3.7tons. Antam guided us that ferronickel price this year should be above US$9/lb or on average around US$10/lb.
􀂄 Currently we have Neutral rating on ANTM. In short term ANTM is traded attractively at 10.1xPER11F

Tidak ada komentar:

Posting Komentar