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

Selasa, 11 Januari 2011

Mandiri Sekuritas ID (07-Jan-2011) ENRG: Masela Production is expected lower and is delayed for two years; MASA: revenue FY11F to grow by 25%yoy; ANTM: eyeing new gold mine

Energi Mega: Masela Production is expected lower and is delayed for two years (ENRG, Rp127, Buy, TP: Rp200)
􀂄 Inpex Corp., Masela’s operator, revealed that gas production in Masela PSC will be available on 2018, two years delay from the previous target. Moreover, potential LNG production is expected to be lower to 2.5 Mt from initial of 4.5 Mt. ENRG owns only 10% WI and still, this may impose negative outlook for ENRG, although the contribution will not as big as Kangean’s.
􀂄 Currently, ENRG rely on oil production of 2.5 mboepd from Kangean PUO field and 3.5 mboepd of gas from Bentu and Segat. We have not incorporated this delay to our forecast on ENRG.
􀂄 At Rp127, ENRG is currently traded at EV/2P US$1.4/boe, as a result of Masela’s 2P inclusion to ENRG total 2P reserves. Thus far, we still maintain our Buy recommendation with TP of Rp200

Multistrada Arah Sarana: revenue FY11F to grow by 25%yoy (MASA, Rp330, Buy, TP: Rp520)
􀂄 MASA is optimistic revenue growth in FY11F will grow by 25.0% yoy from Rp2.1tn in FY10F in line with production capacity expansion. Export is expected to contribute 75% of revenue.
􀂄 Production capacity for car tire is expected to reach 22.500 tire/day by end 1H11 from 17.500 tire/day by end 2010. Meanwhile, production capacity for motorcycle tire is expected to reach 16.000 tire/day by end 1H11 from 7.900 tire/day by end 2010.
􀂄 Around 70-80% from total production of car tire would be exported. Meanwhile, almost all of motorcycle tire production for domestic market.
􀂄 We have a buy recommendation on MASA. Currently, it is traded at PER11F of 10.7x.

Antam: eyeing new gold mine (ANTM,Rp 2,475, TP: Rp 2,700, Neutral)
􀂄 Antam will capture gold price hike momentum by increasing its gold production this year. Therefore Antam allocates US$ 15-20mn from its FY11F capex to acquire new gold mine.
􀂄 ANTM now expects gold production in FY11F only reached 3.7 – 3.8 tons, lower than previous target of 4tons since Cibaliung gold production in FY10 only reached 380kg below previous target of 500kg
􀂄 Currently we have neutral rating on the stock. ANTM trades at 15.3x -13.0 PER10F-11
Posted by Saham Pilihan at 05.52

Tidak ada komentar:

Posting Komentar

Langganan: Posting Komentar (Atom)