Batavia Daily Notes 12 February 2013
IDX Chart Intraday
Top Val Stock 1 MPPA
IDX MOVEMENT
Top Vol
Jakarta Composite
Stock 6.78%
1 ENRG
-2.17%
LQ-45 Volume (mn lot)
2 UNTR
3.64%
2 TMPI
-4.55%
3 TRAM
-0.75%
3 MYRX
0.00%
4 TLKM
0.00%
4 META
1.52%
5 BBRI
1.24%
5 RUIS
-3.77%
Market Update Bursa AS dan Eropa bergerak relatif sideways seiring hampir tidak adanya berita ekonomi siknifikan. Hanya sejumlah stock-specific news yang mewarnai pasar. Investor menunggu pidato Obama nanti malam. Di dalam negeri, BI hari ini akan mengadakan rapat dewan gubernur dan diperkirakan akan mempertahankan suku bunga pada 5.75%. Bursa Jepang dan Korea bergerak mixed pagi ini dan beberapa bursa regional masih tutup memperingati Chinese New Year. IHSG diperkirakan akan cenderung mixed hari ini. Di bulan Maret, sejumlah besar emiten diperkirakan akan melaporkan kinerja FY12 dan domestic-consumption-driven sector berpotensi mencetak kinerja yang cukup baik. Manfaatkan koreksi pasar yang ada saat-saat ini sebelum earnings season tersebut untuk buy on weakness saham-saham berfundamental baik.
Value (bn) Foreign Net Buy/(Sell) (bn) Market Breadth:
4,503.25
11.98
771.33
2.48
0.27% 0.32%
5.56
-21.91%
2,326.14
-41.16%
157.34 Up 117; Flat 131; Down 117
MARKET INDICES Asia Hang Seng (close)
23,215.16
Shanghai (close)
2,432.40
0.00%
11,153.16
0.00%
Nikkei 225 (close)
0.00%
Straits Times (close)
3,270.30
0.00%
Thailand
1,489.11
-0.55%
Kospi (close)
1,950.90
0.00%
Eropa FTSE 100
6,277.06
0.21%
DAX
7,633.74
-0.24%
CAC 40
3,650.58
0.03%
Amerika Dow - Industrial
13,971.24
-0.16%
S & P 500
1,517.01
-0.06%
NASDAQ
3,192.01
-0.06%
COMMODITIES Crude Oil Gold Copper Natural Gas Silver Soybean
97.03
1.37%
1,647.95
-1.15%
372.25
-0.98%
3.28
0.21%
30.91
-1.69%
1,417.25
-1.36%
Nickel
18,095.00
-0.85%
Tin
24,827.00
0.00%
865.00
0.58%
94.05
1.40%
CPO (Rotterdam) Coal (Weekly)
News Highlights CURRENCIES USD/IDR
MDLN : menjual tanahnya seluas 150 ha senilai Rp 3 triliun, setara
Rp 2 juta/m2 kepada PT Tangerang Matra Real Estate, afiliasi ASRI INAF : berniat meangakuisisi produsen bahan baku obat, PT Riasima
Abadi Farma di Bogor. ERAA : berencana menambah 70 gerai Erafone tahun ini. LPPF : membukukan pendapatan bersih sebesar Rp5,62 triliun,
tumbuh 19,57% dibanding tahun 2011.
9,620.00
-0.38%
AUD/IDR
9,886.52
-0.73%
SGD/IDR
7,764.75
-0.45%
JPY/IDR HKD/IDR EURO/IDR
103.32
-0.67%
1,240.64
-0.39%
12,875.65
-0.58%
OVERSEAS LISTING
Rp
TLKM (USD)
40.11
9,646
0.43%
ISAT (USD)
36.24
6,973
0.69%
BLTA (SGD) BUMI PLC (GBP)
0.03
0.00%
385.1
1.88%
Daily Notes News Highlights – cont’d…
12 February 2013 Indofarma (INAF) : Diberitakan perseroan berniat meangakuisisi produsen
bahan baku obat, PT Riasima Abadi Farma, yang berlokasi di Gunung Putri, Bogor. Riasima
merupakan produsen paracetamol hasil patungan atau joint-venture antara pemerintah Indonesia (BUMN) dan perusahaan Korea, Dhaewoo.
Akuisisi
ini juga dilakukan Indofarma untuk memperkuat sektor hulu dalam industri farmasi nasional. (Sumber : Kontan)
News – cont’d Modernland Realty (MDLN) : Perseroan menjual tanahnya seluas 150 ha senilai Rp 3
triliun, atau setara Rp 2 juta/m2 kepada PT Tangerang Matra Real Estate, afiliasi ASRI dari Grup Argo Manunggal. Investor
Relation Manager MDLN mengatakan dana tersebut akan digunakan untuk mengakuisisi tanah di timur Jakarta dan akan dibangun kawasan industri yang terpadu dengan residensial. Pasca penjualan tanah, land bank MDLN tercatat 651 ha, yang tersebar di Cikande, Kota Modern dan Cakung. Adapun perseroan menetapkan capex tahun ini Rp 1,9 triliun, yang didanai dari emisi obligasi 2012 Ro 500 miliar, pre sales revenue, dan kas internal.
(Sumber : Bisnis Indonesia).
Matahari Department Store (LPPF) : Diberitakan
sepanjang 2012, perseroan membukukan pendapatan bersih sebesar Rp5,62 triliun, tumbuh 19,57% dibanding pencapaian tahun 2011, senilai Rp4,7 triliun.
Pendapatan
yang berasal dari penjualan eceran menyumbang Rp3,17 triliun, penjualan konsinyasi Rp2,41 triliun, dan pendapatan jasa Rp35,23 miliar.
Laba bersih meningkat 65,55% menjadi Rp770,88 miliar
pada akhir tahun lalu. (Sumber : Kontan)
2
Erajaya Swasembada (ERAA) : Diberitakan perseroan membuka gerai multi merek
bernama Erafone Megastore di Jalan Teuku Umar, Denpasar, Bali pada akhir pekan lalu. Gerai
tersebut menjadi gerai pertama yang dibuka tahun ini.
Hingga
Erafone
Megastore
penghujung tahun ini, ERAA berencana menambah 70 gerai Erafone. (Sumber : Kontan)
Daily Notes
12 February 2013
Jadwal Aksi Korporasi / RUPS-RUPSLB
Cash Dividend Kode
Cum-date
Ex-date
Pay-out date
Dividen per share
DVLA
19-Feb-13
20-Feb-13
28-Feb-13
Rp 18
Tipe
Cum-date
Ex-date
Keterangan
Nominal 100 100
Offering 14 - 18 Feb 2013 12 - 13 Feb 2013
Listing 22-Feb-13 18-Feb-13
Price Rp 260 - Rp 390 Rp 220 - Rp 250
Corporate Action Kode
Harga (exercise)
IPO Company Steel Pipe Industry of Indonesia Trans Power Marine
RUPS/RUPSLB
3
Kode
Tanggal
Waktu
GDST
12-Feb-13
15:00
Surabaya
Tempat
TKGA
13-Feb-13
14:00
Toko Gunung Agung, Kwitang, Jakarta
MLBI
15-Feb-13
10:00
Jakarta
META
18-Feb-13
10:00
Jakarta
MYOH
19-Feb-13
14:00
Jakarta
SULI
20-Feb-13
08:30
Cempaka Room, Balai Kartini Building, Jakarta
PTIS
22-Feb-13
09:00
Graha Kirana Building, Jakarta Utara
ALKA
26-Feb-13
09:00
Company Office, Pulogadung, Jakarta
BULL
27-Feb-13
10:00
Jakarta
BBRI
28-Feb-13
09:30
BRI 1 Building, Sudirman, Jakarta
ROTI
28-Feb-13
10:00
BKSW
4-Mar-13
BKSW
4-Mar-13
10:00
QNB Kesawan Tower, SCBD, Jakarta
TRIM
4-Mar-13
15:00
Tiara 1 Room, Crowne Plaza Hotel, Jakarta
BRAU
7-Mar-13
10:00
Jakarta
TBIG
7-Mar-13
10:00
The Ritz Carlton Hotel, Mega Kuningan, Jakarta
ARII
13-Mar-13
14:00
Seminar Room, IDX Building, Tower II, Jakarta
MAYA
14-Mar-13
14:00
Multifunction Room, Mayapada Tower, Sudirman, Jakarta
Ballroom A, Grand Hyatt Hotel, Jakarta Jakarta
12F
13F
11A
12F
13F
11A
12F
13F
11A
12F
13F
11A
12F
13F
Hold Buy Buy Hold Hold
10,150 8,150 4,250 5,950 8,750
9,100 9,000 4,650 6,250 9,000
-10.34% 10.43% 9.41% 5.04% 2.86%
250,248 201,054 79,257 57,029 204,167
9,730 11,692 12,874 15,083 18,681 19,654 5,826 6,313 7,470 3,335 4,043 4,565 12,246 13,997 16,647
443 611 312 348 525
451 757 339 422 600
527 797 401 476 713
22.9 13.3 13.6 17.1 16.7
22.5 10.8 12.5 14.1 14.6
19.3 10.2 10.6 12.5 12.3
1,725 2,018 2,023 2,674 2,648
2,021 2,620 2,288 2,905 3,138
2,413 3,247 2,570 3,170 3,731
5.9 4.0 2.1 2.2 3.3
5.0 3.1 1.9 2.0 2.8
4.2 2.5 1.7 1.9 2.3
24.9% 30.3% 15.4% 13.0% 19.8%
25.4% 28.9% 14.8% 14.5% 19.1%
21.9% 24.5% 15.6% 15.0% 19.1%
Energy ITMG IJ Equity PTBA IJ Equity ADRO IJ Equity UNTR IJ Equity PGAS IJ Equity
Hold Buy Hold Hold Buy
40,600 15,400 1,570 19,950 4,600
41,000 17,000 1,600 19,300 5,100
0.99% 10.39% 1.91% -3.26% 10.87%
45,875 35,484 50,218 74,416 111,511
5,078 3,086 4,382 5,898 5,933
2,474 2,903 4,418 5,573 7,368
2,449 3,527 5,003 5,855 8,080
4,464 1,339 137 1,581 245
2,232 1,260 139 1,494 304
2,418 1,531 156 1,570 333
9.1 11.5 11.5 12.6 18.8
18.2 12.2 11.3 13.4 15.1
16.8 10.1 10.1 12.7 13.8
8,762 3,540 800 7,056 653
8,558 4,046 960 8,076 823
9,946 4,895 825 9,198 989
4.6 4.4 2.0 2.8 7.0
4.7 3.8 1.6 2.5 5.6
4.1 3.1 1.9 2.2 4.7
60.6% 38.2% 22.6% 22.4% 37.5%
24.7% 31.1% 16.7% 18.5% 36.9%
25.6% 31.3% 16.9% 17.1% 33.7%
Infrastructure INTP IJ Equity* SMCB IJ Equity* SMGR IJ Equity* JSMR IJ Equity
Buy Buy Hold Buy
21,450 3,125 16,400 5,500
25,039 3,400 16,618 6,400
16.73% 8.80% 1.33% 16.36%
78,962 23,947 97,277 37,400
3,602 1,064 3,802 1,339
4,004 1,339 4,200 1,754
5,066 1,449 5,015 2,182
978 139 641 198
1,088 175 708 259
1,376 189 849 322
21.9 22.5 25.6 27.8
19.7 17.9 23.2 21.2
15.6 16.5 19.3 17.1
4,275 969 2,370 1,228
5,091 1,046 2,728 1,358
6,114 1,198 3,589 1,519
5.0 3.2 6.9 4.5
4.2 3.0 6.0 4.1
3.5 2.6 4.6 3.6
23.0% 14.0% 27.0% 16.0%
21.0% 16.0% 26.0% 19.0%
23.0% 16.0% 27.0% 21.0%
Plantation AALI IJ Equity LSIP IJ Equity SGRO IJ Equity BWPT IJ Equity
Buy Buy Buy Buy
18,850 2,200 2,325 1,300
22,500 2,550 2,650 1,720
19.36% 15.91% 13.98% 32.31%
29,684 15,010 4,394 5,267
2,406 1,702 541 320
2,217 1,265 306 289
2,275 1,414 404 454
1,528 249 286 79
1,408 185 162 72
1,444 207 214 112
12.3 8.8 8.1 16.5
13.4 11.9 14.4 18.1
13.1 10.6 10.9 11.6
5,974 856 1,306 353
5,660 942 1,334 414
6,260 1,075 1,472 515
3.2 2.6 1.8 3.7
3.3 2.3 1.7 3.1
3.0 2.0 1.6 2.5
29.6% 29.1% 21.9% 22.5%
24.9% 19.7% 12.1% 17.3%
23.1% 19.3% 14.5% 21.8%
Hold Buy Buy Hold
6,700 1,170 1,090 21950
6,150 1,300 1,260 20,400
-8.21% 11.11% 15.60% -7.06%
58,829 8,302 55,350 167,479
3,077 378 1,482 4,164
3,502 454 1,732 4,774
3,775 508 2,006 5,373
350 53 32 546
399 64 37 626
430 72 43 704
19.1 22.1 34.1 40.2
16.8 18.3 29.5 35.1
15.6 16.3 25.3 31.2
2,209 400 133 482
2,428 434 151 562
2,698 470 175 640
3.0 2.9 8.2 45.5
2.8 2.7 7.2 39.1
2.5 2.5 6.2 34.3
15.9% 13.3% 23.8% 113.3%
16.4% 14.7% 24.5% 111.3%
15.9% 15.2% 24.4% 110.0%
Hold Hold
2400 3900
2400 3,475
0.00% -10.90%
4,068 63,952
205 2,355
348 3,290
402 3,800
121 144
205 201
237 232
19.8 11.71 27.1 19.4
10.1 16.8
249 376
392 534
558 706
9.6 10.4
6.1 7.3
4.3 5.5
48.7% 38.2%
52.3% 37.5%
42.4% 32.8%
Buy Buy Buy Buy Hold Hold Buy
1,950 1,360 1,350 390 820 2,200 1,630
2,193 1525 1,677 446 776 2,343 1,775
12.46% 12.13% 24.22% 14.36% -5.37% 6.50% 8.90%
14,066 6,399 23,621 7,995 16,113 3,963 9,956
392 257 841 581 603 182 354
539 680 944 733 788 183 437
576 889 1,371 861 1,362 288 557
57 55 48 28 34 104 61
78 145 54 32 42 107 72
84 189 77 46 70 175 95
34.2 24.7 28.1 13.8 24.3 21.2 26.7
24.9 9.4 25.0 12.4 19.3 20.6 22.6
23.2 7.2 17.5 8.5 11.7 12.6 17.2
360 255 350 211 153 560 254
427 394 393 242 202 625 408
501 574 508 277 266 766 470
5.4 5.3 3.9 1.9 5.3 3.9 6.4
4.6 3.5 3.4 1.6 4.1 3.5 4.0
3.9 2.4 2.7 1.4 3.1 2.9 3.5
16.9% 23.4% 12.9% 14.1% 24.4% 19.7% 18.3%
19.9% 38.8% 12.2% 11.7% 16.6% 17.8% 19.5%
18.1% 34.2% 15.0% 16.0% 29.0% 24.6% 22.4%
Hold
7,700
7,450
-3.25%
311,723
17,785 19,481 22,949
439
481
567
17.5
16.0
13.6
1,493
1,782
2,122
5.2
4.3
3.6
29.4%
27.0%
26.7%
Consumer INDF IJ Equity RALS IJ Equity KLBF IJ Equity UNVR IJ Equity Poultry MAIN IJ Equity CPIN IJ Equity Property SMRA IJ Equity SSIA IJ Equity BSDE IJ Equity* APLN IJ Equity* ASRI IJ Equity* ADHI IJ Equity* WIKA IJ Equity* Conglomerates ASII IJ Equity
Mkt Cap
%
EPS
PER (X)
PBV (X)
Book Value/ share
ROE
12 February 2013
*Based on Bloomberg consensus
Upside
Stock Universe – Earnings Guide
11A
(Rp) Banking BBCA IJ Equity BBRI IJ Equity BBNI IJ Equity BDMN IJ Equity BMRI IJ Equity
Price
Daily Notes
4 Rp Bn
Net Profit Rp Bn 11A 12F 13F
Target Price (Rp)
Rating
Head Office Chase Plaza, 12th Floor Jl. Jend. Sudirman Kav. 21, Jakarta 12920 Tel : +62-21 520 7374 Fax : +62-21 2598 9821 www.bps.co.id Research Team Andy Ferdinand
Head of Research
Banking, Consumer, Gas Infrastructure & Strategy
[email protected]
Parningotan Julio
Analyst
Technical
[email protected]
Yasmin Soulisa
Analyst
Coal, Plantation & Telcos
[email protected]
Steven Gunawan
Research Associate
[email protected]
Jl. BKR No. 28 C
Medan
Branches Bandung
Surabaya
Medan 20151
Tel : +62-22 730 7111, 731 8691 Fax : +62-22 730 7020
Tel : +62-61 453 1150 Fax : +62-61 414 9884
Darmo Square Blok B No. 8 Jl. Raya Darmo No. 54-56 , Surabaya 60264
Makassar
Tel : +62-31 562 3445 Fax : +62-31 568 9568 Malang
Jl. Brigjend. Katamso No. 56 A
Bandung 40265
Jl. Kahuripan No. 5
Ruko Ruby 1 No. 9 Jl. Raya Boulevard Panakukang Mas, Makassar 90222 Tel : +62-411 430 959 (hunting) , 455 038 (sales) Fax : +62-411 432 376
Semarang
Thamrin Square Blok C 12
Malang 65119
Jl. Thamrin No. 5, Semarang 50244
Tel : +62-341 358 889 Fax : +62-341 353 797
Tel : +62-24 351 6161 Fax : +62-24 351 8546
Batavia Prosperindo Sekuritas Investment Ratings: BUY – expected total return of 10% or more; HOLD – expected total return of -10% to 10%; SELL – expected total return of -10% or less. Expected total return is defined as 12-month total return (including dividends).
DISCLAIMER The information contained in this report has been taken from sources we deem reliable, however, PT. Batavia Prosperindo Sekuritas or its affiliates, cannot guarantee its accuracy and completeness. The views expressed in this report accurately reflect personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations and/or views in this report. Nothing in this report constitutes a representation that any investment strategy or recommendation contained herein is suitable or appropriate to a recipient’s individual circumstances. This report is published solely for information purposes and should not be considered as a solicitation or an offer to buy or sell any securities. Neither PT. Batavia Prosperindo Sekuritas nor any of its affiliates and/or employees accepts any liability for any direct or consequential losses arising from any use of this publication. Copyright and database rights protection exists in this publication and it may not be reproduced, distributed and/or published by any person for any purpose without prior consent of PT. Batavia Prosperindo Sekuritas. All rights are reserved.
Our report is also available at
Bloomberg, BPSJ
ISI Emerging Market, www.securities.com
