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

Rabu, 27 Juli 2011

Bank Negara Indonesia: 1H11 results represented 50.5% of our FY11 forecast and 51.6% of consensus (BBNI, Rp4,075, Buy, Rp4,500) - Mandiri

􀂄 BBNI reported net profit of Rp2.7 tn (+41.1% yoy) in 1H11, representing 50.5% of our FY11 forecast and 51.6% of consensus estimates.
􀂄 The bank’s performance improved significantly in 2Q11, partly driven by strong loan growth of 21% yoy during the semester. Consumer and corporate loans posted a strong growth of 34% yoy and 25% yoy, respectively, representing 18% and 37% of total loans at end Jun11.
􀂄 During the analyst meeting yesterday, the management maintained its loan growth target of between 17-20% yoy this year, indicating that a slower loan growth is likely in 2H11. The bank prefers to have proper loan acquisition process to aggressive loan growth in order to minimize the loan quality deterioration in the future. At end Jun11, the bank has written off Rp1.5 tn of bad loans, lower than previous year’s of Rp2.2tn. Should this trend continue in 2H11, we might expect lower impairment expenses allocated for FY11.
􀂄 At current price, BNI is traded at 2012F P/BV of 1.8x and PER of 12.2x We maintained our buy rating on the counter.

Tidak ada komentar:

Poskan Komentar