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, 15 September 2011

Indonesia Palm Oil Sector - Earnings sensitivity to CPO price recovered - Credit Suisse

● Earnings sensitivity to CPO prices for Indonesian companies when CPO prices range between RM3,000 and RM3,500 is now higher than that of Malaysian CPO producers. During such a CPO price range, every RM100/t increase in CPO prices translates into
an average 4.3% increase in earnings of Indonesia CPOs versus 3% for their Malaysian counterparts.
● Despite the improvement in earnings sensitivity, we find that Indonesia plantation companies are trading at a discount to their Malaysian peers. Indonesian companies are trading at 11.2x FY11E P/E, while Malaysian companies at 14.9x FY11E P/E.
● We foresee that there might be a potential return of La Nina. However, it still unclear as to what the strength of the La Nina will be, but will most likely be weaker than the one in 2010-11.
● AALI’s August 2011 CPO output was down by 4% YoY (-8% MoM) due to the holiday season and thus September may see a MoM pick-up. However, we expect a flattening output ahead with 4Q11 output likely to decline QoQ.

Tidak ada komentar:

Poskan Komentar