SUCORINVEST
Morning Coffee
December 6, 2010 COMMODITIES & CURRENCIES Last Oil (USD/bbl) Gas (USD/MMBtu) Nickel (USD/Mt) Tins (USD/Mt) Copper (USD/Mt) Gold (USD/Oz) Coal (USD/Mt) CPO (MYR/Mt) Rubber (USD/kg) IDR SGD/USD HKD/USD JPY/USD EUR/USD MYR/USD PHP/USD THB/USD AUD/USD NZD/USD
89.32 4.40 23,500 25,550 8,725 1,412.0 109.50 3,516.0 539.5 8990 1.3023 7.7638 82.84 1.3384 3.1345 43.873 30.02 0.9905 0.7649
%Chg
Description
1.72 1.22 (0.63) 0.06 1.58 1.39 0.46 (0.31) (0.48) (0.05) (1.09) 1.35 (0.37) 0.02 (0.07) 1.49 1.24
WTI Crude Future Natural Gas Future LME 3-mo forward LME 3-mo forward LME 3-mo forward Golds spot Generic 1st ‘IV’ Future Malaysian 3-mo Future S’pore Ribbed Smoked Indonesian Rupiah Singapore Dollar Hong Kong Dollar Japanese Yen Euro Malaysian Ringgit Philippines Peso Thailand Bath Australian Dollar New Zealand Dollar
MAJOR INDEXES Last %Chg Est P/E Description Jakarta Hang Seng Nikkei 225 Shanghai Kuala Lumpur Philipines Straits Times Bangkok SET Dow Jones FTSE 100
3696.3 23320.5 10178.3 2842.4 1501.0 4176.5 3172.4 1034.1 11382.1 5745.3
0.05 (0.55) 0.10 (0.04) (0.15) 0.66 (0.80) 0.20 0.17 (0.39)
18.1 14.7 17.8 16.1 15.9 15.2 15.5 14.5 13.4 11.7
Indonesia Hong Kong Japan China Malaysia Philippines Singapore Thailand United States United Kingdom
HIGHLIGHTS Penguatan Harga Emas Tidak Akan Berdampak Signifikan Bagi ANTM Northstar Tambang Persada Alihkan 40% saham DOID Pada Harga Rp1100/Saham PBRX Right Issue Jamsostek, BBRI Akuisisi BBKP Dalam 3 Bulan Harga IPO Multifiling Mitra Indonesia Rp190-Rp210/Saham Martina Berto IPO Sebanyak 355 Juta Lembar
MARKET VIEW Kemarin IHSG menguat berfluktuasi (sempat plus 33 poin ; minus 15 poin) dan di tutup plus 1,68 poin di 3696,26 di warnai dengan penguatan saham sektor perkebunan, keuangan, perdagangan dan penurunan saham sektor infrastruktur, manufaktur, aneka industri ditengah-tengah penguatan indek bursa global, rasa optimis pemulihan ekonomi global, menjelang pengumuman data tenaga kerja AS dan penurunan IDR/USD. Investor asing kemarin sebagai net buyer sebesar Rp 369 miliar. Hari ini secara teknikal kami perkirakan IHSG mixed dengan potensi profit taking pada kisaran 3667 – 3711 dengan pertimbangan : tiga dari empat indikator teknikal bergerak naik, muncul candle doji, menguji kembali double tops 3710-3711 dan kenaikan indek kemarin di ikuti dengan peningkatan volume. Kemarin indek bursa Eropa melemah setelah ekonomi AS ciptakan lapangan kerja jauh di bawah konsensus. Kemarin Wall Street menguat, dipimpin oleh saham sektor komoditas saat USD melemah setelah penciptaan lapangan kerja jauh di bawah konsensus. Pagi ini bursa Asia di buka mixed saat Yen, harga komoditas menguat dan setelah Bernanke berkata akan beli lebih banyak surat utang untuk pacu pertumbuhan.
ARBITRAGE SHARES Last %Chg TLKM (US$/ADR) ISAT (US$/ADR) ANTM (AUD/receipt) BLTA (SGD/shr)
In IDR Stock Exchange
36.46 (0.92) 8194 New York 31.50 1.27 5664 New York 1.36 2421 Australia 0.05 345 Singapore
ECONOMIC BRIEF GDP Growth (YoY%) Inflation (YoY%) BI Rate (%) JIBOR Time Deposit Int (avg) Lending Rate
1 mo 3 mo 1 mo 3 mo IDR USD
Jun-10 6.19 Oct-10 5.67 Prev Mo 6.50 6.33 6.75 6.49 6.59 15.53 6.92
Sep-10 5.82 Nov-10 6.33 Last 6.50 6.23 6.66 6.55 6.66 15.82 6.89
Source: Bloomberg LP
JCI last 5 days, source: Bloomberg LP
TECHNICAL PICKS Ticker
ISAT KLBF PTBA WIKA ELTY PGAS UNVR
S1
LAST
5350 5550 3450 3550 21200 21350 630 640 157 158 4250 4350 15400 15800
S2
5700 3675 21550 660 160 4450 16200
R2
RSI
STO
REC
5800 5850 3800 3950 21800 22100 670 690 162 165 4600 4750 16800 17400
R1
50 81 60 47 47 55 46
58 35 86 58 40 71 56
BUY BUY BUY HOLD SELL SELL SELL
1
SUCORINVEST
Morning Coffee
December 6, 2010
SHORT COMMENTARY Penguatan Harga Emas Tidak Akan Berdampak Signifikan Bagi ANTM PT Aneka Tambang Tbk (ANTM) tahun lalu mencatat angka penjualan emas yang besar. Namun demikian angka penjualan yang besar tersebut terutama diakibatkan aktifitas trading emas yang dilakukan. Aktifitas tersebut memberikan marjin keuntungan yang sangat kecil, kurang dari 5%. Karena resiko yang cukup besar, ANTM memutuskan mengurangi aktifitas trading emasnya tahun ini. Oleh karenanya, harga emas yang kini berada diatas US$ 1.400 / t.oz tidak akan menaikan penjualan emas ANTM tahun ini. Tahun ini ANTM menargetkan produksi emas sebanyak 3.080 kg, naik dibanding produksi tahun lalu sebesar 2.626 kg. ANTM tentu saja diuntungkan oleh kenaikan harga emas, namun demikian nikel masih akan menjadi faktor penentu kinerja keuangan ANTM tahun ini. Harga nikel LME hari Jumat kemarin mengalami koreksi minor dan ditutup pada level US$ 23.500 per ton. Rekomendasi dan target harga ANTM : Under Review.
Produksi Penjualan EMAS P e n ju a la n
kg
P e n ju a la n Tra d in g L M
14000
12893
12000 10000
9820 10427
8000 6000 4000 2000
P ro d u ks i
6989
5000
5004
2177
2791
2823
2800
2833
2831
2626
2466
2035
2204
0 2007
2008
2009
9 M1 0
2
Morning Coffee
SUCORINVEST December 6, 2010
EXCERPT FROM THE NEWS Northstar Tambang Persada Alihkan 40% saham DOID Pada Harga Rp1100/Saham…Northstar Tambang Persada Pte Ltd kemarin mengalihkan 40% atau setara 2,72 miliar lembar saham DOID (Rp1360) kepada Northstar Tambang Persada Limited yang berbadan hukum di British Virgin Island dan di kendalikan oleh menajemen dan pemegang saham yang sama. Pengalihan di lakukan melalui transaksi tutup sendiri pada harga Rp1100/saham. Dikabarkan transaksi ini di lakukan untuk memfasilitasi masuknya konsorsium Texas Pacific Group dan Government of Investment Corporation dari Singapura. Bisnis Indonesia, Bloomberg AZ : Sentimen netral. Saat ini saham DOID diperdagangkan pada PER11K=11,48 x ; PBV11K=5,76 x dan EV/EBITDA11K=5,26 x (valuasi menarik) PBRX Right Issue…PBRX (Rp1330) akan melakukan right issue disertai waran untuk menambah penyertaan saham pada PT Pancaprima Ekabrothers (anak usaha PBRX), mengambil alih 51% saham PT Hollit International (HI) yang bergerak di bidang Buying Agent Garment Company dan menambah penyertaan saham pada HI serta membeli tanah & bangunan pabrik milik Liliana Gani (pihak afiliasi). PBRX akan meminta persetujuan pemegang saham pada RULB 22/12/2010 pk.14:00 WIB. Bisnis Indonesia AZ : Sentimen netral. Jamsostek, BBRI Akuisisi BBKP Dalam 3 Bulan…Kementrian BUMN memberikan waktu tiga bulan kepada PT Jamsostek dan BBRI (Rp11400) untuk akuisisi saham BBKP (Rp650) . BBKP dalam waktu dekat berencana right issue sebanyak 20% - 30% dan berharap rampung pada Q1/11. Bisnis Indonesia, Bloomberg, IQ Plus AZ : Sentimen positif. Saat ini saham BBRI diperdagangkan pada PER11K=12,65 x dan PBV11K=3,4 x (valuasi menarik). Sedangkan saham BBKP diperdagangkan pada PER10E=8,78 x dan PBV10E=1,4 x (valuasi menarik). Harga IPO Multifiling Mitra Indonesia Rp190-Rp210/Saham…PT Multifiling Mitra Indonnesia Tbk. (MMI) menetapkan harga IPO sebanyak 257 juta lembar saham sebesar Rp190-Rp210/saham. MMI bergerak di bidang jasa pelayanan berupa konsultasi manajemen dan kearsipan. MLPL (Rp265) dan PT Wisma Jatim Propertindo melalui PT Surya Cipta Investama menguasai hampir 100% saham MMI (sebelum IPO). Sebagai penjamin pelaksana emisi efek adalah PT Ciptadana Securities. Bisnis Indonesia Martina Berto IPO Sebanyak 355 Juta Lembar...PT Martina Berto (MB) yang bergerak di bidang industri perawatan kecantikan termasuk kosmetika dan jamu akan melakukan IPO saham bernominal Rp100/saham sebanyak maksimal 355.000.000 lembar atau setara 33,17% dari modal di tempatkan & di setor penuh setelah IPO. Dana hasil IPO akan di gunakan untuk : sekitar 50% untuk membangun pabrik baru di Cikarang, sekitar 20% untuk membayar utang kepada BNGA dan sekitar 30% untuk modal kerja. Sebagai penjamin pelaksana emisi efek adalah PT Trimegah Securities. Per 30/6/210 MB mencatat aset sebesar Rp263 miliar, kewajiban sebesar Rp171 miliar, ekuitas sebesar Rp92 miliar, penjualan sebesar Rp258 miliar, laba usaha sebesar Rp17 miliar dan laba bersih sebesar Rp12 miliar. Jadwal IPO adalah Masa Penawaran Awal (8-20/12/2010), Masa Penawaran (3-7/1/2011) dan Tanggal Pencatatan pada BEI (13/1/2011). Bisnis Indonesia
3
SUCORINVEST
Morning Coffee TRADING TAB
December 6, 2010
Market Activity Ticker
Prev
Price Chg
Last
S2
S1
R1
3695
2 3696
25100
300 25400
ADRO
2400
-25 2375
2300
2325
2425
AKRA
1570
10 1580
1550
1560
1590
2450
-25 2425
2350
2400
2500
2550
-
-
51750 52250 53650 54550
-
-
54050 -1300 52750
3723
STO RSI
AALI
ASII
3675
R2
IHSG
ANTM
3653
Technical Study BB
Relative Ratio
EMA MACD Fibo Classic
Tech. Score
PBV
P/E ‘10
P/E ‘11
BETA
3750
-
-
-
-
-
-
4
4.0
3.4
18.1
na
1.00
24700 25050 25850 26300
-
-
-
-
-
-
5
5.0
6.0
20.8
15.9
1.18
2500
-
-
-
-
-
-
5
5.0
4.1
26.1
14.1
0.84
1610
-
-
-
-
-
-
5
5.0
2.5
17.8
13.9
1.00
-
-
-
-
4
4.0
2.6
15.1
12.8
1.67
-
2
-
-
4
3.0
4.5
16.5
14.3
1.53
BBCA
6500
-50 6450
6300
6350
6550
6700
-
-
-
2
-
-
5
3.5
4.8
19.1
16.7
0.98
BBNI
4350
350 4700
3625
4175
5150
5650
-
3
-
-
-
-
5
4.0
3.6
19.6
16.7
1.53
BBRI
11200
200 11400
11150 11250 11500 11650
BDMN
6400
250 6650
BLTA
325
BMRI
6500
6750
-
-
-
-
-
-
5
5.0
4.3
15.6
12.6
1.21
6800
-
-
-
-
-
-
5
5.0
3.2
19.1
15.2
1.50
325
315
320
330
335
-
-
-
-
-
-
4
4.0
0.5
na
18.0
1.66
6800 -100 6700
6550
6650
6800
6850
-
-
-
3
-
-
5
4.0
3.6
16.3
13.4
1.35
BNBR
75
BNGA
1800
BTEL
245
BUMI
3000
DEWA
75
0
6300
73
70
72
75
76
6
-
-
-
-
-
5
5.5
0.8
1.7
12.1
1.51
160 1960
-2
1690
1830
2050
2125
-
4
-
-
-
-
5
4.5
3.6
23.5
20.3
0.89
245
230
240
250
250
-
-
-
-
-
-
5
5.0
1.3
61.8
46.5
1.03
-25 2975
0
2925
2950
3000
3025
6
-
-
-
-
-
5
5.5
4.5
20.6
12.7
1.60
73
74
76
77
6
-
-
-
4
-
5
5.0
0.5
na
na
1.99
0
75
ELTY
163
-3
160
157
158
162
165
-
-
-
-
3
-
4
3.5
0.7
22.4
17.3
1.91
ENRG
134
-2
132
128
130
135
138
6
-
-
-
-
-
5
5.5
0.9
49.6
14.3
1.82
INCO
4650
-50 4600
4525
4575
4675
4725
-
-
-
2
-
-
5
3.5
3.2
13.4
12.8
1.88
INDF
4900
-50 4850
4725
4800
4950
5050
-
-
-
3
-
-
5
4.0
4.2
16.3
14.4
1.08
16000 16250 16850 17200
INTP
16950 -500 16450
ISAT
5550
ITMG
150 5700
47750 -950 46800
JSMR
-
-
-
-
-
-
5
5.0
4.9
17.7
14.6
1.40
5850
-
-
-
-
-
-
6
6.0
1.7
28.3
19.4
0.71
45250 46050 48150 49450
5350
5550
5800
7
-
-
-
-
-
5
6.0
8.2
19.2
11.7
1.58
3475
3525
3600
3625
-
-
-
-
6
-
5
5.5
3.2
19.2
16.6
0.98
3450
3550
3800
3950
6
4
-
-
-
-
6
5.3
6.9
28.8
23.8
0.75
11550 11750 12300 12650
-
-
-
-
-
-
5
5.0
3.9
16.7
14.0
1.68
3575
-
-
-
-
-
-
5
5.0
1.5
25.8
22.5
1.18
4750
-
-
-
-
2
-
4
3.0
8.8
16.2
14.1
1.09
21200 21350 21800 22100
3550
0 3550
KLBF
3575
100 3675
LSIP
12000
-50 11950
MEDC
3175
75 3250
2975
3100
3400
PGAS
4600 -150 4450
4250
4350
4600
PTBA
21250
300 21550
-
-
-
-
7
-
6
6.5
8.4
22.9
14.6
1.31
SGRO
3125
-25 3100
3025
3050
3150
3225
-
-
-
-
-
-
5
5.0
3.0
16.0
13.6
1.09
SMCB
2350
-25 2325
2300
2300
2350
2400
6
-
-
2
-
-
5
4.3
4.5
18.9
14.9
1.45
SMGR
9450
0 9450
9300
9400
9550
9600
6
-
-
3
-
-
5
4.7
5.0
15.2
13.2
0.92
TINS
2775
50 2825
2725
2775
2875
2925
-
-
-
-
-
-
5
5.0
3.8
15.9
12.2
1.76
TLKM
8250 -150 8100
8000
8050
8200
8300
-
-
-
-
-
-
5
5.0
3.7
13.5
12.3
0.78
370
375
390
UNSP
385
400
6
-
-
-
-
-
5
5.5
0.7
19.6
10.7
1.83
UNTR
24150
-50 24100
23650 23850 24450 24850
-
-
-
-
-
-
5
5.0
5.1
20.0
16.6
1.56
UNVR
16700 -500 16200
15400 15800 16800 17400
-
-
-
3
-
-
4
3.5
31.1
34.3
29.5
0.30
-
-
-
3
-
-
5
4.0
2.4
14.7
11.9
0.89
WIKA Prev Last S1, S2 R1, R2 STO RSI
660 : : : : : :
0
0
385
660
630
harga saham hari sebelumnya harga saham penutupan kemarin batas support batas resistance Stochastic Oscillator 14 hari (14:3:3) Relative Strength Index 14 hari
640
670
BB EMA MACD Fibo Classic
: : : : :
690
Bollinger Band 20 hari Exponential Moving Average 24, 90, 240 hari MACD (26:12:9) Fibonacci Retracement Nilai yang diberikan analis teknikal berdasar kan analisa klasik
Tech Score : Nilai rata-rata indikator teknikal & analisa klasik PBV : Price Book Value P/E09 ‘10 : Price Earning Ratio (P/E) tahun 2010 dan 2011 berdasarkan Bloomberg Est. consensus Beta : Koefisien pembanding pergerakan saham dengan pergerakan pasar (IHSG)
Penjelasan Tech Score: Strong Buy 9 8
Buy 7
6
Neutral 5
Sell 4
3
Strong Sell 2 1
4
SUCORINVEST
Morning Coffee
December 6, 2010
WHAT TO WATCH Series
Maturity
Tenor year
Coupon %
Price
YTM %
Yield Curve %
Spread bps
FR0021
15-Dec-10
0.02
14.50
100.16
4.42
3.13
128.96
BUY
FR0015
15-Feb-11
0.19
13.40
101.37
5.57
4.68
89.40
BUY
FR0016
15-Aug-11
0.69
13.45
105.01
5.75
5.62
FR0022
15-Sep-11
0.77
12.00
105.40
4.58
5.71
FR0025
15-Oct-11
0.86
10.00
103.32
5.81
5.78
FR0017
15-Jan-12
1.11
13.15
107.57
5.83
5.98
(14.69)
SELL
FR0018
15-Jul-12
1.61
13.18
110.71
5.94
6.25
(31.42)
SELL
FR0023
15-Dec-12
2.03
11.00
109.18
5.99
6.43
(43.38)
SELL
FR0033
15-Mar-13
2.27
12.50
113.30
6.04
6.51
(47.56)
SELL
FR0019
15-Jun-13
2.52
14.25
118.63
6.09
6.59
(50.15)
SELL
FR0049
15-Sep-13
2.78
9.00
106.99
6.14
6.66
(52.60)
SELL
Valuation
12.76
BUY
(112.83)
SELL
2.83
indifferent
FR0020
15-Dec-13
3.03
14.28
121.50
6.26
6.73
(46.68)
SELL
FR0051
15-May-14
3.44
11.25
114.70
6.35
6.82
(46.90)
SELL
FR0026
15-Oct-14
3.86
11.00
114.91
6.48
6.91
(42.74)
SELL
FR0027
15-Jun-15
4.52
9.50
111.30
6.52
7.03
(50.83)
SELL
FR0030
15-May-16
5.44
10.75
117.12
6.86
7.17
(30.12)
SELL
FR0028
15-Jul-17
6.61
10.00
115.08
7.05
7.31
(26.40)
SELL
FR0032
15-Jul-18
7.61
15.00
144.34
7.26
7.42
(15.58)
FR0038
15-Aug-18
7.69
11.60
124.12
7.38
7.42
(4.02)
SELL indifferent
FR0048
15-Sep-18
7.78
9.00
110.30
7.19
7.43
(24.30)
SELL
FR0036
15-Sep-19
8.77
11.50
126.51
7.29
7.52
(23.05)
SELL SELL
FR0031
15-Nov-20
9.94
11.00
124.49
7.41
7.62
(20.21)
FR0034
15-Jun-21
10.52
12.80
137.44
7.52
7.66
(13.59)
FR0035
15-Jun-22
11.52
12.90
138.59
7.72
7.73
(0.76)
indifferent
FR0043
15-Jul-22
11.61
10.25
118.59
7.74
7.73
0.41
indifferent
FR0046
15-Jul-23
12.61
9.50
111.91
7.93
7.79
13.85
BUY
FR0039
15-Aug-23
12.69
11.75
129.53
7.95
7.80
15.07
BUY
SELL
FR0044
15-Sep-24
13.78
10.00
114.56
8.16
7.86
30.18
BUY
FR0040
15-Sep-25
14.78
11.00
119.95
8.56
7.91
64.39
BUY
FR0037
15-Sep-26
15.78
12.00
129.84
8.47
7.96
51.05
BUY
FR0042
15-Jul-27
16.61
10.25
112.72
8.74
8.00
74.00
BUY
FR0047
15-Feb-28
17.19
10.00
110.70
8.74
8.02
71.53
BUY
FR0052
15-Aug-30
19.69
10.50
114.58
8.88
8.13
75.02
BUY
FR0045
15-May-37
26.44
9.75
105.46
9.15
8.35
79.87
BUY
FR0050
15-Jul-38
27.61
10.50
114.25
9.02
8.38
63.72
BUY
Source: Bloomberg, Sucorinvest Research BUY : Jika YTM berada di atas Yield Curve
SELL :
Jika YTM berada di bawah Yield Curve
Yield Curve
$
%& $ '&
Yield (%)
Yield (%)
indifferent : Jika jarak keduanya kurang dari 5 bps
#
# (
)
*
+ PRQWK
"
"
Tenor (year)
Source: Bloomberg, Sucorinvest Research
Tenor (year)
Source: Bloomberg, Sucorinvest Research
5
SUCORINVEST
Morning Coffee
December 6, 2010
"
"
#
#
"
#
"
# , -
.-
/0-
1&-
/&-
2-
15-Sep-25 15-Aug-30 15-Jul-21 15-Sep-16 15-Aug-13
Top Volume
Maturity
Price
49 36 24 19 19
!(-
3 -
!(-
Frequency Volume
120.59 115.35 111.50 101.75 101.25
49 36 16 19 1 299
Corporate Bonds Maturity Price
Top Active
801.8 730.4 272.4 539.2 108.6 801.8 730.4 584.9 539.2 500.0 6,327.4
Source: IDX
PNBN04SB TLKM02B CLPK02 ADMF04C PNBN03
9-Nov-17 6-Jul-20 27-Nov-12 29-Apr-13 9-Apr-18
Top Volume
Maturity
TLKM02A TLKM02B CLPK02 PNBN03 ADMF04C TOTAL
6-Jul-15 6-Jul-20 27-Nov-12 9-Apr-18 29-Apr-13
3 -
Frequency Volume
100.00 108.55 101.75 100.08 103.65
Price
15 6 5 2 2
5.3 18.0 14.0 6.0 8.0
Frequency Volume
104.25 108.55 101.75 103.65 100.08
2 6 5 2 2 42
20.0 18.0 14.0 8.0 6.0 87.7
Source: IDX
"
!
"
"
Source: Bloomberg, Sucorinvest Research
120.59 115.35 105.00 101.75 102.35
FR0040 15-Sep-25 FR0052 15-Aug-30 FR0027 15-Jun-15 FR0055 15-Sep-16 GBRB0023NvBV 25-Oct-16 TOTAL
!
3 -#
Government Bonds Maturity Price Frequency Volume
FR0040 FR0052 FR0053 FR0055 ORI007
, -
Source: Bloomberg, Sucorinvest Research
Top Active
!
+
-
-"
Source: Bloomberg
`
3 -#
!(-
3 -
!(-
3 -
Source: Bloomberg
6
SUCORINVEST
Morning Coffee
December 6, 2010
#$ 45
#$ 45
"
1-
!-
!(-
1&-
% 0-
1-
3 -
Source: Bloomberg, Sucorinvest Research
!-
!(-
1&-
% 0-
3 -
Source: Bloomberg, Sucorinvest Research
#$ 45
#$ 45
"
`
`
3 -
1-
!-
!(-
1&-
% 0-
3 -
3 -
Source: Bloomberg, Sucorinvest Research
1-
!-
!(-
1&-
% 0-
3 -
Source: Bloomberg, Sucorinvest Research
%#$ 45
$ #$ 45
"
3 -
1-
!-
!(-
1&-
Source: Bloomberg, Sucorinvest Research
Indonesia Malaysia China Russia Peru Brazil
Rating S&P Moody’s BB AA+ BBB BBBBBB-
Ba2 A3 A1 Baa1 Baa3 Baa3
% 0-
3 -
3 -
!-
!(-
1&-
% 0-
3 -
Source: Bloomberg, Sucorinvest Research
Fitch
Risk Premium Last Prev Month
Inflation Last Prev Month
BB+ AA+ BBB BBBBBB-
1.54 0.41 0.93 2.06 1.37 1.04
6.33 2.00 4.40 8.10 2.22 5.20
1.98 0.87 1.15 2.10 1.74 0.91
1-
5.67 1.80 3.60 7.50 2.10 4.70
Central Bank Rate Last Prev Month Description 6.50 2.75 5.56 7.75 3.00 10.75
6.50 2.75 5.56 7.75 3.00 10.75
Bank Indonesia Reference Rate BNM Spot Reference Central Bank of China Base Rate Russia Interbank Offered Rate 3Mo Peru Central Bank Reference Rate Brazil Central Bank Reference Rate
Source: Bloomberg
7
SUCORINVEST
Morning Coffee
December 6, 2010
AGENDA November - December 2010 6
7
MON
TUE
8
WED
9
THU
BRM Listing
10
FRI
MTSM Pubex
December 2010 13 KLBV Pubex
MON
14
TUE
FOMC Meeting
15
WED
16
THU
17
FRI
MDRN Pubex SMRA Pubex
8
SUCORINVEST
Morning Coffee
December 6, 2010
PT SUCORINVEST CENTRAL GANI Head Office: Equity Tower 31st floor Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 phone: 62 21 2996 0999 fax: 62 21 5797 3938 www.sucorinvest.com Branch Office: SURABAYA Jl. Trunojoyo 67 Surabaya 60264 ph: 031 563 3720 fax: 031 563 3710
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9