(BUMI IJ / BUMI.JK, OUTPERFORM - Maintained, Rp3,350 - Tgt. Rp4,000, Coal Mining)
Reiterate OUTPERFORM. We believe that Bumi is poised for further re-rating as its outlook is supported by 1) strong growth potential from its coal assets given available reserves and ongoing infrastructure and capacity expansion to support strong volume growth (11% CAGR), and 2) balance-sheet deleveraging, which would substantially reduce its cost of capital. We reiterate our OUTPERFORM call at current 12.9x forward P/E and NAV-based target price of Rp4,000.
Rabu, 20 April 2011
Langganan:
Posting Komentar (Atom)
-
►
2014
(7)
- ► 04/06 - 04/13 (1)
- ► 03/09 - 03/16 (1)
- ► 02/23 - 03/02 (1)
- ► 02/16 - 02/23 (1)
- ► 01/19 - 01/26 (1)
- ► 01/05 - 01/12 (2)
-
►
2013
(18)
- ► 12/29 - 01/05 (1)
- ► 07/07 - 07/14 (1)
- ► 05/19 - 05/26 (1)
- ► 04/14 - 04/21 (1)
- ► 03/17 - 03/24 (1)
- ► 02/17 - 02/24 (3)
- ► 02/10 - 02/17 (6)
- ► 01/27 - 02/03 (3)
- ► 01/06 - 01/13 (1)
-
►
2012
(80)
- ► 12/30 - 01/06 (1)
- ► 12/23 - 12/30 (1)
- ► 12/16 - 12/23 (5)
- ► 12/02 - 12/09 (5)
- ► 11/25 - 12/02 (2)
- ► 11/11 - 11/18 (1)
- ► 11/04 - 11/11 (1)
- ► 10/21 - 10/28 (2)
- ► 10/14 - 10/21 (3)
- ► 10/07 - 10/14 (2)
- ► 09/30 - 10/07 (4)
- ► 09/23 - 09/30 (3)
- ► 09/16 - 09/23 (1)
- ► 09/09 - 09/16 (1)
- ► 09/02 - 09/09 (4)
- ► 08/26 - 09/02 (3)
- ► 08/19 - 08/26 (2)
- ► 08/12 - 08/19 (1)
- ► 08/05 - 08/12 (7)
- ► 07/29 - 08/05 (2)
- ► 07/22 - 07/29 (3)
- ► 07/15 - 07/22 (3)
- ► 07/08 - 07/15 (4)
- ► 07/01 - 07/08 (5)
- ► 06/17 - 06/24 (3)
- ► 06/10 - 06/17 (1)
- ► 06/03 - 06/10 (1)
- ► 05/27 - 06/03 (1)
- ► 05/20 - 05/27 (1)
- ► 04/29 - 05/06 (1)
- ► 04/22 - 04/29 (1)
- ► 04/08 - 04/15 (2)
- ► 04/01 - 04/08 (1)
- ► 03/25 - 04/01 (2)
-
▼
2011
(3338)
- ► 10/02 - 10/09 (2)
- ► 09/18 - 09/25 (20)
- ► 09/11 - 09/18 (76)
- ► 09/04 - 09/11 (37)
- ► 08/21 - 08/28 (60)
- ► 08/14 - 08/21 (76)
- ► 08/07 - 08/14 (99)
- ► 07/31 - 08/07 (114)
- ► 07/24 - 07/31 (99)
- ► 07/17 - 07/24 (55)
- ► 07/10 - 07/17 (59)
- ► 07/03 - 07/10 (51)
- ► 06/26 - 07/03 (56)
- ► 06/19 - 06/26 (64)
- ► 06/12 - 06/19 (83)
- ► 06/05 - 06/12 (73)
- ► 05/29 - 06/05 (75)
- ► 05/22 - 05/29 (52)
- ► 05/15 - 05/22 (69)
- ► 05/08 - 05/15 (67)
- ► 05/01 - 05/08 (133)
- ► 04/24 - 05/01 (167)
-
▼
04/17 - 04/24
(55)
- Indonesian Telcos: 1Q11 Preview - 1Q seasonally we...
- Upgrade TP PTBA menjadi Rp 27.300, BUY - Danareksa
- Indonesia Bank State-owned banks to lower dividend...
- Indonesia – Riding the rupiah - CLSA
- Global Equity Strategy - View From The Road: Tokyo...
- IHSG Siap Senggol Level 3.800 - Detikfinance
- DAVO Tak Jadi Diakuisisi Uniflora - TopSaham
- Metropolitan sets IPO at Rp240-Rp300 - Insider Sto...
- Laba Bersih KKGI Jadi Rp81,9 M di Kuartal I - Inil...
- Mandom to distribute Rp340 dividend - Insider Stories
- Glencore Gives Investors Perfect Chance to Pass - ...
- Coal Sector (OVERWEIGHT) Black is beautiful - Dana...
- Bank Rakyat Indonesia (BUY): Indicated Rp4t net pr...
- Strategy Alert - Burgeoning middle income - Deutsche
- Visit to DOID - a turnaround story (increase ROE -...
- KLBF Though fundamentals is sound, valuation is ex...
- BUMI Growing, de-leveraging - CIMB
- Asian Stocks Rise as U.S. Housing, Earnings Boost ...
- Indonesia's Indo Tambangraya sees Q1 coal output a...
- Astra Otoparts pecah saham 1:5 - Bisnis Indonesia
- CPO futures end marginally higher - Business Times
- Steel use to surge by 5.9% to 1,359 mmt in 2011: W...
- Subsidi BBM dan Listrik Bisa Bengkak Rp 50 Triliun...
- Indonesia's Regulator Says 21 Extra LNG Cargoes Ma...
- Mandiri Tunas Finance: Pondasi yang kokoh - Mandiri
- PNBN:Risk of narrowing NIM - Mandiri
- Asean Frontpage, 19 April 2011 : : ASEAN Telcos, ...
- Sales volume hit record high number Buy United Tr...
- ON THE PLATTER: AKR Corporindo (AKRA IJ; BUY; ...
- Indonesia Banks: US Marketing Feedback – Inflation...
- ACE Hardware Indonesia (Initiating coverage with O...
- Plantations Sector Update - Unsustainable - Bahana
- Jasa Marga (JSMR IJ) – resurfacing of JORR-S legal...
- Indonesian banking sector, currency kick - CLSA
- Kalbe Farma: Hold; Rp3,675; TP Rp3,275; KLBF IJ P...
- Asian Stocks Fall as U.S. Credit Outlook Cut; Oil ...
- S&P threatens to cut U.S. credit rating on deficit...
- U.S. Stocks Tumble After S&P Reduces Country's Lon...
- Palm Oil Advancing 23% Hurting Unilever as Stockpi...
- Unilever Indonesia (UNVR IJ, Rp14,950 HOLD) Gettin...
- Asia On The Ground: Indonesia Coal - UBS Investmen...
- Astra Agro Lestari: Buy; Rp22,800; TP Rp30,650; AA...
- Automotive March 2011 4W sales reached 82K, up 18...
- Banking Update - Gauging inflationary risk - Bahana
- Kawasan Jababeka: KIJA’s toll exit 34km constructi...
- Adaro Adaro Energy: Invest US$100mn to IndoMet Coa...
- Automotive: Components shortages causes decreased ...
- Rising headwinds make for rough sailing in Q2 - JP...
- MAPI, pricey takeover for Krispy Kreme - Insider S...
- CTRA Raih Penjualan Rp854M hingga Kuartal I 2011 -...
- Penerbitan Obligasi INTA Mundur Hingga Agustus 201...
- Adaro to propose US$75 mio dividend - Insider Stories
- China First-Quarter Gas Imports More Than Double, ...
- High oil prices start to hit demand - Financial Times
- U.S. metal imports slow in Feb, Q2 recovery seen -...
- ► 04/10 - 04/17 (131)
- ► 04/03 - 04/10 (107)
- ► 03/27 - 04/03 (147)
- ► 03/20 - 03/27 (131)
- ► 03/13 - 03/20 (148)
- ► 03/06 - 03/13 (114)
- ► 02/27 - 03/06 (141)
- ► 02/20 - 02/27 (113)
- ► 02/13 - 02/20 (58)
- ► 02/06 - 02/13 (111)
- ► 01/30 - 02/06 (90)
- ► 01/23 - 01/30 (119)
- ► 01/16 - 01/23 (85)
- ► 01/09 - 01/16 (91)
- ► 01/02 - 01/09 (110)
Tidak ada komentar:
Posting Komentar