HEADLINES,Friday, January 09, 2009
TODAY TRADING IDEA’s
Tugu Pratama akan IPO 20-30% sahamnya Qtel akan tender offer pekan ketiga
ISAT, INDF, TKIM ; Buy
Telkom dapatkan tender USO KIJA targetkan kenaikan pendapatan 15% BUMI membeli 89% saham Pendopo Coal WIKA ajukan kembali buyback Timah akan alihkan sisa capex Global Land akuisisi PT Swarna Citra Sentosa MARKET COMMENTARY
STATISTICS INDEX
Forecast Weekly:IDRsupport Rp10200-resistance Rp12050, COMPOSITE KOMPAS100 IHSG: Support 1187– Resistance 1416 LQ45 Market Review : Perdagangan IHSG dalam transaksi kemarin JII kembali mengalami penurunan 18,809 poin ke level 1,402.66. MBX Penurunan IHSG ini terseret kondisi bursa regional yang juga DBX mengalami koreksi. Resesi global yang memicu penurunan profit TOP GAINERS sejumlah perusahaan serta meningkatnya jumlah pengangguran Ticker ISAT memberikan sentimen negatif bagi pergerakan bursa global UNVR sehingga berimbas pada IHSG karena minimnya sentimen positif SMDR dari dalam negeri. Penurunan kembali harga minyak dunia TLKM kembali menyeret saham pertambangan sehingga menimbulkan HMSP TOP LOSERS tekanan jual terhadap saham pertambangan dan energi. Saham Ticker Bumi bahkan mengalami autorejection ke bawah. Sementara AALI kejelasan dari tender offer ISAT oleh Qtel mampu mengangkat ASII saham telekomunikasi tersebut hingga 300 poin ke level Rp ITMG PTBA 5,850. UNTR
Market View : Pergerakan IHSG dalam perdagangan akhir pekan WORLD MARKETS ini akan kembali mengalami tekanan seiring banyaknya sentimen DOW JONES negatif dari pergerakan bursa regional dan global sehingga NASDAQ FTSE berpotensi untuk memperlemah IHSG pada perdagangan akhir NIKKEI pekan ini. Belum menentunya pergerakan bursa saham regional HANG SENG membuat arah pergerakan IHSG diliputi ketidakpastian. STRAIT TIMES Sementara saham-saham pertambangan dan energi berpotensi KLSE untuk kembali menekan pergerakan indeks seiring melemahnya kembali harga minyak dunia yang berimbas pada pergerakan harga sejumlah komoditas di pasaran internasional. Pelaku pasar juga cenderung melakukan aksi profit taking yang biasa dilakukan dalam transaksi akhir pekan. Namun, indeks mendapat sentimen positif dari adanya kejelasan tender offer ISAT pada harga Rp 7,388 pada pekan mendatang.
1,402.66 344.602 281.907 228.473 401.116 203.919
-18.809 -4.963 -5.617 -2.518 -5.208 -3.516
Price Change 5,800 250 7,950 150 2,850 150 7,000 100 9,700 100 Price Change 10,950 -750 12,950 -550 11,550 -450 7,250 -300 5,200 -250 8,742.46 1,617.01 4,505.37 8,800.70 14,415.91 1,824.82 912.07
-27.24 17.95 -2.14 -75.72 -571.55 -2.79 2.55
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice.
DAILY NEWS PT Pertamina menargetkan anak perusahaannya, PT Tugu Pratama Indonesia untuk melakukan IPO pada tahun ini. Jumlah kepemilikan saham anak usahanya yang akan dilepas berkisar antara 20-30 persen. Namun, besaran nilai sahamnya masih dalam kajian. Dana hasil IPO akan digunakan untuk menambah modal kerja di tahun 2009. IPO Tugu Pratama merupakan salah satu langkah divestasi yang akan dilakukan terhadap beberapa anak perusahaan Pertamina lainnya, terutama anak perusahaan yang memiliki bisnis non inti Pertamina. (Neutral) Qatar Telecom (Qtel) akan melakukan tender offer atas 24,2% saham PT Indosat Tbk (ISAT) senilai Rp 9,76 triliun pada pekan ketiga menyusul telah diajukannya pendaftaran penawaran tender kepada Bapepam-LK. Tender offer dilakukan secara bersamaan dengan bursa New York karena saham ISAT diperdagangkan dibursa tersebut. Pada akhir Desember 2008, Bapepam-LK menerima surat dari BKPM bahwa Qtel dapat menguasai 65% saham ISAT dan mengijinkan penawaran tender saham ISAT tanpa harus melepas Star One. Qtel melakukan tender offer saham ISAT di harga Rp 7.388 per saham. (Positive) PT Telekomunikasi Indonesia Tbk (TLKM) melalui anak usahanya Telkomsel berhasil mendapatkan tender Universal Service Obligation (USO) Paket 2 dan 7. Paket 2 meliputi wilayah Jambi, Riau, Kepulauan Riau, Kepulauan Bangka Belitung, Bengkulu, Sumatera Selatan dan Lampung. Sementara paket 7 meliputi Banten, Jawa Barat, Jawa Tengah, Daerah Istimewa Yogyakarta serta Jawa Timur. (Positive) PT Kawasan Industri Jababeka Tbk (KIJA) menargetkan pendapatan pada tahun ini akan tumbuh sebesar 15% menjadi Rp 495,93 miliar dari tahun 2008 yang diprediksi akan sebesar Rp 431,25 miliar. Perseroan juga akan membangun terminal kontainer dengan membangun Itochu dan Hutchinson. Proyek yang dikerjakan perseroan adalah Medical City dan Jababeka Movieland. Selain itu, perseroan juga akan membangun pembangkit listrik berkapasitas 130 MW. (Neutral) PT Bumi Resources Tbk (BUMI) melalui anak usahanya PT Bumi Resources Invesment membeli 89% saham Pendopo Coal Ltd senilai Rp 1,303 triliun. Pendopo Coal secara tidak langsung memiliki 94,9% saham PT Pendopo Energi Batubara. Transaksi tersebut dilakukan dengan pembayaran berkala . Perseroan akan membayar uang muka Rp 841 juta, kemudian pembayaran transaksi dilakukan secara bulanan untuk 12 bulan pertama sejak penandatanganan senilai Rp 226 miliar. Pembayaran terakhir senilai Rp 1,077 triliun akan dilakukan pada waktu 24 bulan sejak penandatangan. Sebelumnya perseroan membeli Fajar Bima Sakti dan PT Darma Henwa Tbk. (Neutral) PT Wijaya Karya Tbk (WIKA) akan mengajukan pembelian kembali (buyback) saham lanjutan hingga mencapai Rp 140 miliar kepada pemegang saham dalam rapat umum pemegang saham. Sejauh ini realisasi buyback saham perseroan mencapai Rp 25 miliar atau 17,85% dari total dana yang disiapkan perseroan untuk program tersebut yang akan berakhir pada 12 Januari. Perseroan juga baru menandatangani proyek baru untuk pembangunan Dam Tembesi di Riau senilai Rp 240 miliar. Perseroan pada tahun ini menargetkan pencatatan order book sebesar Rp 15 triliun, penjualan Rp 7,4 triliun dan laba bersih Rp 175 miliar. (Positive) PT Timah Tbk (TINS) akan mengalihkan (carry over) sisa belanja modal (capex) tahun lalu senilai Rp 700-800 miliar untuk investasi pada tahun 2009. Penundaan beberapa rencana investasi mengakibatkan realisasi penggunaan belanja modal tahun lalu sekitar Rp 50% dari Tp 1,4 triliun. Dana sisa anggaran belanja modal pada tahun lalu akan digunakan untuk mendanai eksplorasi dan perawatan peralatan mesin perusahaan sepanjang tahun 2009. Perseroan juga akan menyelesaikan pembangunan pabrik Tin Chemical senilai Rp 136 miliar di Bangka pada tahun 2009. pabrik tersebut berkapasitas 120 ribu ton per tahun. Perseroan juga kemungkinan mengusulkan dividen tahun buku 2008 sekitar 30-40% dari laba bersih. Jumlah deviden yang dibagikan tersebut disesuaikan dengan kebutuhan dana investasi tahun 2009. (Positive) PT Global Land Development Tbk (KPIG) telah menyelesaikan akuisisi saham PT Swarna Citra Sentosa, perusahaan properti di Surabaya. Perseroan telah merampungkan akuisisi tersebut pada 23 Desember 2008 dan mengeluarkan dana Rp 500 juta. Perseroan juga telah menguasai 24,6% saham PT Plaza Indonesia Realty Tbk (PLIN). (Positive)
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice.
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COMMODITY CRUDE OIL / BARREL COAL / MT NATURAL GAS / mmBtu GOLD / OUNCE NICKEL / MT TIN / MT CPO (MYR) / MT
PRICE (USD) 41.70 84.17 5.605 853.25 11,462.00 11,480.00 1,885.00
CHANGE -0.93 -2.43 0.022 -4.15 -751.00 -245.00 -115.00
DUAL LISTED TLKM (US) ISAT (US) ANTM (GR) BLTA (SP)
PRICE (IDR) 7,046 5,744 1,169 555
RATE (IDR) 10,950.00 14,985.08 119.64 7,395.15 7,790.93 14,368.73
CHANGE 145.000 -276.225 -3.164 -69.731 -122.615 -127.575
FOREX EUR / USD JPY / USD SGD / USD AUD / USD GBP / USD 1000 IDR/ USD
RATE 1.3685 91.5212 1.4807 0.7115 1.5205 0.0902
FOREX (running) USD EUR JPY SGD AUD GBP FED Rate (%) BI Rate (%) ECB Rate (%) BOJ Rate (%) BOE Rate (%) PBOC Rate (%) ASUMSI MACRO GDP (%) Inflation (%) IDR/USD (IDR) SBI – 3 Bulan (%) Crude Oil (USD/brl) Oil Production (bpd) Total APBN (Rp Triliun)
0.25 8.75 2.50 0.10 1.50 5.31 APBN-P 2008
DIVIDEN Ticker BBCA CMNP
6.40 6.50 9,100.00 7.50 95.00 0.93 895.0
JIBOR (IDR) LIBOR (GBP) SIBOR (USD)
CHANGE 38 215 -90 -74
CHANGE -0.0017 0.3100 0.0027 -0.0007 -0.0012 -0.0011
9.03 1.63 0.39
Realisasi 6.20 11.40 9,250.00 9.10 127.20
2009 6.00 6.20 9,400.00 7.50 80.00
Deskripsi Inflation YTD % Inflation YOY % Inflation MOM % Cad devisa
Desember 11.06 11.06 -0.04 $51.600 MI
November 11.10 11.68 0.12 $50.181 MI
985.70
1,123.90
GDP (Rp Triliun)
2Q08 1230,914
1Q08 1122,075
Status
DPS (IDR) 9 35
Cum Date 15 Jan 19 Jan
Ex Date 16 Jan 2o Jan
Recording
Payment 30 Jan 6 Feb
CORPORATE ACTION Ticker CTBN
Cum Date 6 Jan
Ex Date 7 Jan
Ratio 1:10
Effective Date
Descriptions Stock Split
Price
INCOMING IPO’s Company
Business
Underwriter
Offering Date
Share
Price
Listing
HEARD ON THE ROAD CPRO menyebutkan bahwa 41 peti kemas miliknya di tahan oleh Dinas Kepabean AS Mitra Rajasa ubah nama perusahaan jadi Mitra Internasional Resources Dewa akan rights issue
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice.
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DAILY EVENTS MM DD EVENTS Jan 01
MM DD EVENTS Jan 02
MM DD EVENTS Jan 03
Jan
04
Jan
05 Warrant Converted I ATPK
Jan
06 MSOP Converted III BBRI Warrant Converted BBLD
Jan
07 RUPSLB SMCB Stock Split CTBN 1:10 MSOP Converted III BBRI
Jan
08 Rights Issue II RODA 3:12 @ Rp 100
Jan
09
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14 IPO PT Bumi Citra Permai
Jan
15 RUPSLB VRNA Cum Dividen BBCA
Jan
16 RUPSLB ASIA Ex Dividen BBCA
Jan
17
Jan
18
Jan
19 Cum Dividen CMNP
Jan
20 RUPSLB MIRA EX Dividen CMNP
Jan
21 RUPSLB PSDN
Jan
22 RUPSLB BBKP
Jan
23 RUPSLB PWON
Jan
24
Jan
25
Jan
26
Jan
27 RUPSLB WIKA
Jan
28
Jan
29 RUPSLB MAYA
Jan
30 RUPSLB SMGR
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice. 6
MONTHLY EVENTS YY MM DD 08 Aug 1 5 5 7 7 19 All 08 Sep 1 4 4 4 16 17 All 08 Okt 2 3 7 8 9 29 All 08 Nov 3 6 6 6 21 All 08 Dec 1 4 4 4 16 19 All 09 Jan 1 22 28 09 Feb 2 19 All 09 Mar 2 17 17 All 09 Apr 1 7 29 All 09 May 1 22 All 09 Jun 1 16 24 All 09 Jul 1 All
EVENTS Inflation INA Rapat Dewan Gubernur BI Federal Funds Rate ECB Rate Statement BOE Rate Statement BOJ Rate Statement Financial Statement Report Inflation INA Rapat Dewan Gubernur BI BOE Rate Statement ECB Rate Statement Federal Funds Rate BOJ Rate Statement Financial Statement Report ECB Rate Statement Inflation INA BOJ Rate Statement Rapat Dewan Gubernur BI BOE Rate Statement Federal Funds Rate Financial Statement Report Inflation INA ECB Rate Statement Rapat Dewan Gubernur BI BOE Rate Statement BOJ Rate Statement Financial Statement Report Inflation INA ECB Rate Statement Rapat Dewan Gubernur BI BOE Rate Statement Federal Funds Rate BOJ Rate Statement Financial Statement Report Inflation INA BOJ Rate Statement Federal Funds Rate Inflation INA BOJ Rate Statement Financial Statement Report Inflation INA BOJ Rate Statement Federal Funds Rate Financial Statement Report Inflation INA BOJ Rate Statement Federal Funds Rate Financial Statement Report Inflation INA BOJ Rate Statement Dividen FY08 Inflation INA BOJ Rate Statement Federal Funds Rate Dividen FY08 Inflation INA Dividen FY08
2Q08
2Q08
3Q08
3Q08
3Q08
FY08
FY08
FY08
Source: Bisnis Indonesia, Investor Indonesia, Neraca, Kompas, Stockwatch, RTI, Bloomberg dan Internet News Sources
RESEARCH TEAM Koordinator
:
Johanes Soetikno (
[email protected])
YM:
[email protected]
This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice. 7
Team
:
Alfiansyah (
[email protected]) Sudeswanto (
[email protected]) Eddy Widjaja (
[email protected]) Yayu Rahayu NS (
[email protected])
YM:
[email protected] YM:
[email protected] YM:
[email protected] YM:
[email protected]
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This material is issued by PT Sinarmas Sekuritas, a member of Indonesia Stock Exchanges, represent the opinion of PT Sinarmas Sekuritas, derived its judgement from sources deemed reliable, however, PT Sinarmas Sekuritas and its affiliated cannot guarantee its accuracy and completeness. PT Sinarmas Sekuritas or its affiliates may be involved in transactions contrary to any opinion herein or have positions in the securities recommended herein and may seek or will seek investment banking or other business relationships with the companies in this material. PT Sinarmas Sekuritas, its employees and its affiliates, expressly disclaim any and all liability for representation or warranties, expressed or implied, here in or omission there from or for any loss how so ever arising from any use of this material or its contents or otherwise arising in connection there with. Opinion expressed in this material are our present view and are subject to change without notice.
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