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

Senin, 13 Juni 2011

Asia Palm Oil Sector: Too Much of a Good Thing - Credit Suisse

Sales commentary: Credit Suisse forecast CPO price to average M$2,950/ton in 2011 and M$2,500/ton in 2012. With YTD average price of M$3,534/ton, 2H11 CPO price should average M$2,366/ton for our 2011 average price to materialize. We reckon the CPO price momentum to be positive in July/August on spiking demand – due to Ramadan and Eid Al-Fitr – and urge investors to ride the wave. We like SIMP, London Sumatra (LSIP, N, PT Rp2,900) and Astra Agro (AALI, N, PT Rp26,000).

· Analyst Tan Ting Min reiterates her Underweight rating on the plantation sector on rich valuations and bearish CPO price outlook in the short-run.
· Ting Min’s bearish view on the CPO price is based on: 1) strong production rebounds in Indonesia and Malaysia , partly due to weather improvements; 2) demand rationing in the export market; 3) record soybean production in Brazil and WASDE upward revision on soy stock/usage ratio.
· For stock calls, Ting Min’s key Underperform are IOI Corp. (IOI MK, U, PT M$5.0) and Sime Darby (SIME MK, U, PT M$8.0). She maintains her Outperform rating on Wilmar International (WIL SP, O, PT S$6.4), as China’s proxy, and Salim Ivomas (SIMP, O, PT Rp1,850), on attractive valuations.

Tidak ada komentar:

Posting Komentar