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

A note of caution on BMRI - JP Morgan

* Sales call – A note of caution on BMRI from Indo banking guru Rizal Prasetijo. Bank Mandiri’s 2Q11 earnings could be marked down by 7-8%. Our bond desk obtained indicative yield for today’s 3mo T-Bill auction of 4.84%-5.00%. This means the yield of BMRI’s Rp78tr Variable Rate (VR) govies, currently at 6.37% will have to be reset to 4.85-5.00% in 2Q11. This will result in a Rp200-222bn lower interest income after tax in 2Q11 or 7-8% of the Street’s current 2Q11 NP estimate of Rp2,807bn. Part of the bad news may have been priced-in by the market, but not entirely. My take – Bank Rakyat Indonesia (BBRI) looking like a better bank to own over the next three months (recent upgrade to Buy, Analyst Focus List addition), as the Street digests the major upward revision to BBRI’s EPS and the cut to BMRI’s. BBRI trades on 11x FY11 P/E vs. BMRI on 13.8x (pre-revision).
Posted by Saham Pilihan at 14.37

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)