[ob] Re: Kim Eng Indonesia Equity Daily, 7 Aug 09

[ichingprediction]

thx.

--- In obrolan-bandar@yahoogroups.com, KC <kathleen_chu...@...> wrote:
>
> 
> 
> Our
> Comment 
> 
> The
> Indonesia Composite Index rallied 1.9% yesterday boost by strong price
> increases of the Bakrie group.  Trading value of 7 stocks belonging to the
> group made up over 51% of total as management of Bumi Resources attending an
> investor gathering held by RBS in Singapore this week.  Active trading and
> price rallies was also driven by speculation that Energi Mega might
> follow its affiliate Bumi Resources’ step to issue Convertible Bonds. The
> conversion price is said will range Rp675-750 a share (50%-67% above
> yesterday’s closing price).  In addition, Bakrie & Brothers and
> Bakrie Telecom said they are reviewing a possibility for M&A with other
> companies engaging in infrastructure in domestic and regional markets. On Bumi
> Resources, this morning the media reported that the parliament gives a green
> light for the local regencies to buy 14% stake of Newmont Nusa Tenggara
> amounting to US$496m.  To execute the plan, the local regencies have
> formed a JV called PT Multi Daerah Bersaing (MDB) with its partner PT
> Multicapital, a unit of Bakrie group. Bumi has 5% stake in Multicapital.  
> 
>    
> 
> Finance
> Director of Perusahaan Gas indicated that revenue in 1H09 to grow more
> than 10% YoY from Rp5.8t in 1H08.  It is a conservative estimates as
> Perusahaan Gas has booked Rp4.47t revenue in 1Q09 or already 75% of the above
> estimate of Rp5.8t in 1H08.  Ricardo Silaen estimated the company to
> book foreign exchange gain of around Rp887b in 1H09 due to Rupiah 
> appreciation against
> the dollar and yen.  Maintain HOLD. The counter is trading at 16.4x FY09
> PE.  
> 
>    
> 
> Katarina
> Setiawan 
> 
>    
> 
>    
> 
> Highlights 
> 
> •    Perusahaan
> Gas Negara (HOLD): 1H09 revenue to rise over 10% 
> 
> •    Inco
> (HOLD): Protesters lifted mine blockade 
> 
> •    Bumi
> Resources (HOLD): Parliament gives green light divestment of Newmont’s 
> stake 
> 
> •    Bakrie
> & Brothers, Bakrie Telecom: M&A possible 
> 
> From
> our chartist desk 
> 
> •    IDX: The
> index is trying to reach its optimum target of 2427. But, some of big caps are
> deep in overbought condition. Focus on stocks which broke their resistance
> levels. We adjust our lower targets to 2282 and 2060. Today’s trading range 
> is
> between 2243-2293-2326 (support) and 2376-2393-2443
> (resistance).            
> 
> •    BBNI: The
> stock still potentially reverses, referring to signal on 30 July 2009. We
> upgrade our target price to 2150. TRADING BUY    
> 
> •    INCO: The
> share price broke its strong resistance yesterday. The near next target is
> Rp5700. TRADING BUY   
> 
>    
> 
>    
> 
>    
> 
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