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

Minggu, 05 Juni 2011

Indonesia Monthly Wrap - May 2011: Holding on to higher ground - JP Morgan

• Key market drivers: Indonesian equities went sideways in May, with the JCI up a mere 0.45% to close at 3,837. The Rupiah was also little changed at 8,543, from April’s record 7 year high close of 8,563. Dollar returns on the JCI were 0.67%, mirroring the slight upticks in the JCI Index and USD/IDR rate. Daily trading slipped 3.6% from April’s volumes to average $566m in May. MSCI Indonesia despite going sideways in USD terms outperformed the EM & Asia-Ex Japan benchmarks by 3.2% and 1.9% respectively, widening its YTD lead. Agri stocks and consumer discretionary majors did well during the month while Financials lost ground.

• Key economic events: The President signed a decree to implement a moratorium on primary forest conversion. The Government announced new infrastructure projects worth Rp 190trn as part of a programme to accelerate long term growth. The Government said that it aimed to cut unemployment by 50 bps to 7% Next year and to 5% over the long term. Pertamina said that sales of unsubsidised fuels were down 38% y/y in 1QFY11. Inflation for the month of May slipped back into the Central
Banks comfort range, printing at 5.98% y/y. Consumer prices rose 0.12% m/m, while core inflation was stable at 4.64%. The trade balance narrowed in the month of April to $1.63bn.

• Key company news: 1) PT Telkom said that it was mulling buying out SingTel’s stake in Telkomsel 2)The Financial sector saw a flurry of bond issuance across banks and multifinance companies 3) BRI launched a tender offer for the 12.2% of Bank Agro Niaga that it does not yet own 4) The Astra group detailed capacity expansions to its Daihatsu and Toyota Factories 5) United Tractors said that it was bidding with consortium partners for the right to build 2 power plants in Sumatra 6)
PGAS said that it had.

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