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, 23 Juni 2011

Big Indo bank report - EXTREME, in a good way - CLSA

What is extreme banking? Must read our big report on Indonesian Banks which should be hitting your desks anytime.
A few charts here speaks a thousand words;

1) We have created a new metric which we believe best highlights the relative ability to capture growth and income in each Asian country.
To do this, we look at the change in GDP per capita over the past five years together with return on assets (ROA). We multiply the change in GDP per capita by ROA to arrive at what we call the CLSA Earnings Ability Index (EAI).





Unlike most countries in Asia, Indonesian banks hold fairly unique positions. given their extremely high ROA, Indonesian banks are capitalising on economic growth better than other Asian countries.

Using our new CLSA Earnings Ability Index, we find that the country’s GDP-per-capita growth and ROA combined is greater than the rest of the region. Limited credit penetration, low leverage ratios and high internally generated capital will support strong expansion. With limited overlap of banks’ specialisation, extreme ROAs can persist. We remain Overweight on Indonesian banks.

Bank Central Asia (BBCA IJ) is extremely well positioned. Bit pricey but overall the best bank hands down. We also like Mandiri (BMRI IJ) and Bank Negara (BBNI IJ) as it both banks are armed with ample capital to boost loan growth.
Posted by Saham Pilihan at 16.15

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)