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, 19 April 2011

Asean Frontpage, 19 April 2011 : : ASEAN Telcos, JSMR - JPM View

Indonesia
• FLOW : Buy BBNI, BBRI, ISAT, INTP Sell: KLBF, LSIP, APLN, PNLF

• Jasa Marga : Downgrade to Neutral due to short-term uncertainty Mr. Frans S. Sunito has served as JSMR’s president director for two terms, which renders him ineligible under Indonesian SoE rules to seek re-election at the upcoming AGM. The new president director will be announced in mid-June. The current management, in our view, has been able to select attractive toll road concessions. We believe there is a risk of a change in strategic direction or toward more aggressive toll road acquisitions from other toll road operators. We believe that this may not be fully priced in at this time, and would be reluctant to add new positions to the stock. We have also taken down our numbers reflecting changes to account system IFRS. PT lower to Rp3450 (vs Rp3600 previously). http://bit.ly/hp0R8L

• Domestic cement demand for the month of March +11% YoY driven by strong demand from Java. SMCB made the most with 20% growth YoY, INTP 8% and SMGR is flat. SMCB also announced to pay div 23/sh (1% yield). Sales view: Reiterate our positive view on Indo cement stocks. Buy into weakness.

• Indo Idea: Buy PGAS: Boris Kan launched a new regional monthly product today on Asia's Utilities and Power equipment companies. Top Idea this Month is PGAS: The stock has underperformed the market by 10% YTD on the back of recent headwinds on gas supply concerns. We believe most-ves are now priced in and see more upside going forward because we expect (1) a price increase in 2Q11, as rising oil prices makes it easier for PGAS to raise prices with overall energy cost surging; (2) a 40% increase in gas supplies from FY13-FY17 with the 2 LNG terminals coming into operation, and (3) a ramp-up of gas supplies from Lematang and Kramasan Gasfields from 30-40MMScfd currently to the full contracted volume of 70MMScfd by FY11E. Valuation is undemanding as well at 12x/10x 2011E/12E PER with a 5% dividend yield. http://bit.ly/hJi3uu
Posted by Saham Pilihan at 14.15

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