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, 13 Januari 2011

Mandiri Sekuritas Borneo Lumbung: Key takeaways from meeting with the management (BORN, Rp 1,670, Not rated)

􀂄 Management indicated FY10 coal production and sales volume reached 1.95Mt and 1.65Mt respectively and average selling price of US$ 185/ton. These numbers will lead to indicated FY10 revenue of Rp 2.7tn which significantly higher than FY09 revenue of Rp 200bn.

􀂄 Amid coal price hike, management has indicated significant higher selling price for 1Q11 shipment at range US$ 240-275/ton.

􀂄 It exports most of its coal to North Asia with China as the main destination. It has 3 year agreement with Glencore as its exclusive marketing agent for 2Mtpa off take which paying 4.5% fee.

􀂄 For FY11 it aims 3.8Mt coal production while 2Mt has been contracted with its Chinese customers with quarterly pricing. It also aims to increase its installed capacity up to 5Mtpa by 2H11 from currently 3.6Mtpa.

􀂄 FY11F capex is allocated at US$ 185mn which around US$ 170mn will be used for equipments.

􀂄 Currently we have no rating on the stock. Based on consensus BORN is trading at 15.5xPER11F.
Posted by Saham Pilihan at 05.28

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)