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, 27 Juni 2011

Kawasan Jababeka: KIJA’s land expansion (KIJA, Rp124, Buy, TP: Rp150) - Mandiri

􀂄 Indonesia’s major industrial estate developer, PT Jababeka Tbk, which operated the Jababeka industrial estate in Cikarang West Java, will acquire more land to further expand in order to meet the surging demand for industrial estates. The company has allocated US$34.68m for land acquisitions
􀂄 Given the surging demand of industrial land in Indonesia, securing further portion of land is crucial for industrial estate developer's operation, especially in Cikarang.
􀂄 Kija currently has the largest available land bank, compared to its peers, with 503ha. Knowing last year land bank sold was up to 100ha, this would translate to only 5 years revenue generating period.
􀂄 We like KIJA as it is a proxy to an integrated industrial estate developer, aside of robust growth due to additional contribution from power plant and dry port operation starting in 2012.
􀂄 KIJA currently trades at 64% discount RNAV11 and PER11F 14.6x.

Tidak ada komentar:

Posting Komentar