The heat was tempted Coal Business
Performance of heavy equipment company PT Intraco Penta Tbk (INTA) in 2009 was shiny. On the condition that the more elegant with its acquisition action series that continues this year 2010.
Currently, INTA shoot three coal mining areas of Borneo, and Sumatra. To accelerate this acquisition, INTA has budgeted U.S. $ 100 million. There are some external funding options to finance these corporate actions.
INTA target acquisition will be realized within this year 2010. However, information about the plan is still minimal.
What is clear, Finance Director Fred L. INTA Manibog said it plans to acquire coal mines to synergize with its main business lines of business as a mining contractor.
Moreover, in 2009 and INTA has just acquired two mining contractor, PT Terra Factor Indonesia and PT Indonesia Columbia Chrome. Terra Factor INTA mastered a way to convert its accounts receivable valued at Rp 164.42 billion to 91.64% ownership share.
For that Terra Factor published about 27 403 new shares at Rp 6 million per share. The number of shares of Terra Factor before only 2,500 shares.
Meanwhile, the Columbia takeover scheme is simpler. INTA purchase approximately 99.99% stake in Columbia for Rp 125 000 per share or a total value of USD 4.99 billion. Columbia is a service company in the field of component repair services and spare parts of heavy equipment.
Two actions are considered to be affiliated corporation, as owner of the shares of Terra Factor and Columbia also has shares INTA. For example, Peter Halim, who has a 30% stake in Terra Factor, also had a 2.37% stake in INTA.
While the sources of funding the acquisition entirely from internal cash INTA. Fund cash and cash equivalents as of December 2009 INTA recorded USD 58.61 billion. Furthermore, targeting the acquisition of INTA's revenue increased to Rp 1.2 trillion with net profit of Rp 60.52 billion in 2010.
Fred added, two new operating subsidiaries have their own customers. Like Columbia, which not only serve the INTA. Columbia also has customers of other companies, such as rival and Kideco, often ordering spare parts to them. Unfortunately, their production is still small. Its assets were only just USD 20 billion, said Fred.
While Terra Factor already has 100 units of heavy equipment for mining coal. Factor Terra also has used heavy equipment sales business, said Fred.
INTA also have children uasaha engaged in financing named PT Intan Baruprana Finance (IBF). In 2009, the company recorded a revenue of USD 29.1 billion.
Indeed, the name is not as famous as the company INTA other heavy equipment. However, without a big name, a seller of heavy equipment brands Volvo, Ingersoll-Rand, Bobcat, Loaders Mahindra Tractors and SDLG menggeber successful year in 2009 and net income. Net profits in 2009 and then rose 63.34% to Rp 37.47 billion. This condition occurs in the middle of a thin decrease of 0.13% of their income to Rp 1.12 trillion.
In 2010, INTA target income went up 20%. Fred insisted, Intraco Penta optimistic could sell around 500 units of heavy equipment during 2010.
The inclusion of Terra Factor and Columbia will also increase the lush growth of INTA performance. I think if it is consolidated, we can increase performance 30% -40%, said Fred.
Considering Option Two: Rights Issue or b
Heavy equipment company PT Intraco Penta Tbk (INTA), the year 2010 this requires funding of about U.S. $ 4.5 million-US $ 5 million for capital expenditures. From that figure, amounting to U.S. $ 2 million-US $ 3 million will be used to construct a new building. The rest for the procurement of heavy equipment.
Finance Director Fred L. INTA Manibog said, to meet these funding requirements, management INTA exploring two options, namely bank loans or issuing new shares (rights issue). Rights issue is still our plan to study, said Fred.
Banking loan option is also still open. Therefore, the ratio of debt to equity ratio (DER), INTA is still safe. Fred said at 1.9 times the DER INTA. Banks usually give tolerance DER of 3.5 to 4 times.
Heavy equipment company that sells branded Volvo, Bobcat, Mahindra, and SDLG will choose the most strategic option. If the rights issue went well, INTA can get U.S. $ 50 million. The proceeds from the rights issue would also be used to acquire coal mining company.
Saturday, May 29, 2010
Friday, May 28, 2010
BONDS
Coupon Bonds FIF Ranging Up to 10.77% 8.05%
PT Federal International Finance (FIF), finally, determine the range of interest for the plan to issue bonds worth Rp 1 trillion. Coupon corporate debt financing consisting of four series will be in the range 8.05% -10.77%.
Bonds at 370 days to 48 months was using yields on government securities (GS) series FR0016, FR0018, FR0019 and FR0051 as the benchmark or benchmark.
First, the Series A Bonds FIF 370 days wearing a term benchmark bond yield FR0016. By providing a premium 1.1% to 1.6%, the coupon bonds of this series about 8.05% -8.55%.
Second, the series B bonds FR0018 use yield as a reference and gives a premium of 1.1% -1.6%. This 24-month tenor bonds offer a coupon of about 8.68% to 9.18%.
Third, the series C bonds payable in 36 months which gives a premium 1.5% to 2.5%. With reference to the FR0019 bond yield, this series has to offer coupons ranging from 9.47% -10.47%.
Fourth, the series D bonds payable in 48 months will provide a coupon of 9.77% -10.77%. Because, wearing FIF FR0051 yield plus a premium benchmark of 1.65% -2.65%.
Juliani Eliza Syaftari, Finance Director FIF, optimistically, the bonds will be sold in the market publications. Already there are some investors who had expressed interest in our bonds, said Juliani.
Kim Eng Securities analyst bonds Dian Abdul Hakim argues, coupons offered FIF quite interesting. With the investment rating of investment grade, bonds FIF can be an alternative investment choice of corporate bonds, he said.
Corporate bond analyst Trimegah Oktaviano Bramantya says FIF bond yields interesting. He estimates that, given the premium FIF will be followed by other companies that have similar ratings.
Oktaviano say, in general, the potential issuance of corporate bonds this year 2010 could reach Rp 20 trillion-Rp 25 trillion. Market potential is indeed enormous, especially the BI rate has not increased.
Net Income in 2009 EARTH prices slide
Apparently, the performance of PT Bumi Resources Tbk (BUMI) in 2009 will not be encouraging. Senior vice president of investor relations and the earth will experience a decline caused by the amortization expense from 2003 until 2009.
But many people from the earth itself is difficult to turn to for information on net income from the earth. Amortization expense for the period 2003 to 2009 reached U.S. $ 275 million. Previously, analysts have a consensus. Net income for the earth in the year 2009 amounted to U.S. $ 448 million. Earnings on the part of the earth should be higher than estimates that have been in the set.
OPTIMA STILL suspend affected
And capital markets watchdog the Financial Institutions (Bapepam-LK) refused revoke suspension (suspend) Operations PT OPTIMA KHARYA CAPITAL SECURITIES (OKCS) because the transaction fee that was obtained OKCS still will not dilate and allow them to return customer funds that are still stuck in a contract fund management publications PT Optima Kharya Capital Management (OKCM) would not make sense if they (OKCS) could restore the funds, the expression is in to report by the head bapepam - LK on time yesterday. He has submitted to the management attitude OKCS orally and in writing.
PT Federal International Finance (FIF), finally, determine the range of interest for the plan to issue bonds worth Rp 1 trillion. Coupon corporate debt financing consisting of four series will be in the range 8.05% -10.77%.
Bonds at 370 days to 48 months was using yields on government securities (GS) series FR0016, FR0018, FR0019 and FR0051 as the benchmark or benchmark.
First, the Series A Bonds FIF 370 days wearing a term benchmark bond yield FR0016. By providing a premium 1.1% to 1.6%, the coupon bonds of this series about 8.05% -8.55%.
Second, the series B bonds FR0018 use yield as a reference and gives a premium of 1.1% -1.6%. This 24-month tenor bonds offer a coupon of about 8.68% to 9.18%.
Third, the series C bonds payable in 36 months which gives a premium 1.5% to 2.5%. With reference to the FR0019 bond yield, this series has to offer coupons ranging from 9.47% -10.47%.
Fourth, the series D bonds payable in 48 months will provide a coupon of 9.77% -10.77%. Because, wearing FIF FR0051 yield plus a premium benchmark of 1.65% -2.65%.
Juliani Eliza Syaftari, Finance Director FIF, optimistically, the bonds will be sold in the market publications. Already there are some investors who had expressed interest in our bonds, said Juliani.
Kim Eng Securities analyst bonds Dian Abdul Hakim argues, coupons offered FIF quite interesting. With the investment rating of investment grade, bonds FIF can be an alternative investment choice of corporate bonds, he said.
Corporate bond analyst Trimegah Oktaviano Bramantya says FIF bond yields interesting. He estimates that, given the premium FIF will be followed by other companies that have similar ratings.
Oktaviano say, in general, the potential issuance of corporate bonds this year 2010 could reach Rp 20 trillion-Rp 25 trillion. Market potential is indeed enormous, especially the BI rate has not increased.
Net Income in 2009 EARTH prices slide
Apparently, the performance of PT Bumi Resources Tbk (BUMI) in 2009 will not be encouraging. Senior vice president of investor relations and the earth will experience a decline caused by the amortization expense from 2003 until 2009.
But many people from the earth itself is difficult to turn to for information on net income from the earth. Amortization expense for the period 2003 to 2009 reached U.S. $ 275 million. Previously, analysts have a consensus. Net income for the earth in the year 2009 amounted to U.S. $ 448 million. Earnings on the part of the earth should be higher than estimates that have been in the set.
OPTIMA STILL suspend affected
And capital markets watchdog the Financial Institutions (Bapepam-LK) refused revoke suspension (suspend) Operations PT OPTIMA KHARYA CAPITAL SECURITIES (OKCS) because the transaction fee that was obtained OKCS still will not dilate and allow them to return customer funds that are still stuck in a contract fund management publications PT Optima Kharya Capital Management (OKCM) would not make sense if they (OKCS) could restore the funds, the expression is in to report by the head bapepam - LK on time yesterday. He has submitted to the management attitude OKCS orally and in writing.
Thursday, May 27, 2010
GAS FOR INDUSTRY
Industrial Gas Prices Still Rise 1 April 2010
According to the Head of the Executing Agency for Upstream Oil and Gas (BP Migas), R Priyono appropriate ceremony and 14 head of the division-level officials of BP Migas, the price increase that adjusts with economical price.
Rising gas prices from the manufacturer. Related to industry demand not raise gas prices, according Priyono, it is difficult to achieve.
If the price does not rise industrial gas, oil and gas upstream industry will die, nobody wants to invest because they do not profit. So, the price should be appropriate to invest in upstream economical to run, he said.
So far the allocation of gas for domestic needs from PT Perusahaan Gas Negara (PGN) is obvious. However, PGN difficulty conducting gas to end users due to limited gas infrastructure.
For industrial customers in West Java, the allocation of gas supply 329 million metric standard cubic feet per day (mmscfd).
Separately, Secretary of the company PT PGN Wahid Sutopo states, the current gas price of 3.8 dollars per million british thermal unit (MMBTU) plus transportation costs.
The plan, as at 1 April 2010, the gas price for industry increased by 10-15 percent. PGN's gas prices followed the price of the proposed upstream industries and depending on where customers are located.
In a number of gas sale and purchase contract between PT PGN and a number of producers, gas prices have increased, including from Medco and PT Pertamina HE ONWJ.
To meet industry needs, PGN need new additional supply from a number of gas producers such as Medco. Additional gas supplies have risen compared to earlier by reason of the increase in investment costs and to follow developments in world oil prices.
Especially since 2007 prices of industrial gases from PT PGN has not increased. Yet another type of fuel, like diesel, for industry was up first.
The other thing in question is the business of gas supply deposit payment. According to Wahid, all industrial customers requested a three-month guarantee of payment in form of credit notes (letters of credit / LC).
Thus, the industrial customers do not have to pay in cash, enough with the L / C, gas used first, then pay cash, he said.
Industry players is also an objection against the imposition of surcharge plans about 200 percent by PGN for the gas industry that uses more than an agreement.
PGN argued, it was to control the use by customers. If the use according to the contract, not subject to surcharge. Additional charges apply if usage above the limit of the contract.
Therefore, its value should be high enough to be considered before exceeding contract customers.
Contacted separately, the Indonesian Employers Association chairman Sofyan Wanandi asserted, employers objected to the increase in gas prices. Employers ask for a compromise that is fair for both parties so that the industry had no trouble operating.
What we wonder, Why is the government still allow the export of gas. Gas exports to Singapore are still high. The reason is a contract, can not be undone. What is clear is that we can never expressly decided the fulfillment of domestic gas supply before export.
According to the Head of the Executing Agency for Upstream Oil and Gas (BP Migas), R Priyono appropriate ceremony and 14 head of the division-level officials of BP Migas, the price increase that adjusts with economical price.
Rising gas prices from the manufacturer. Related to industry demand not raise gas prices, according Priyono, it is difficult to achieve.
If the price does not rise industrial gas, oil and gas upstream industry will die, nobody wants to invest because they do not profit. So, the price should be appropriate to invest in upstream economical to run, he said.
So far the allocation of gas for domestic needs from PT Perusahaan Gas Negara (PGN) is obvious. However, PGN difficulty conducting gas to end users due to limited gas infrastructure.
For industrial customers in West Java, the allocation of gas supply 329 million metric standard cubic feet per day (mmscfd).
Separately, Secretary of the company PT PGN Wahid Sutopo states, the current gas price of 3.8 dollars per million british thermal unit (MMBTU) plus transportation costs.
The plan, as at 1 April 2010, the gas price for industry increased by 10-15 percent. PGN's gas prices followed the price of the proposed upstream industries and depending on where customers are located.
In a number of gas sale and purchase contract between PT PGN and a number of producers, gas prices have increased, including from Medco and PT Pertamina HE ONWJ.
To meet industry needs, PGN need new additional supply from a number of gas producers such as Medco. Additional gas supplies have risen compared to earlier by reason of the increase in investment costs and to follow developments in world oil prices.
Especially since 2007 prices of industrial gases from PT PGN has not increased. Yet another type of fuel, like diesel, for industry was up first.
The other thing in question is the business of gas supply deposit payment. According to Wahid, all industrial customers requested a three-month guarantee of payment in form of credit notes (letters of credit / LC).
Thus, the industrial customers do not have to pay in cash, enough with the L / C, gas used first, then pay cash, he said.
Industry players is also an objection against the imposition of surcharge plans about 200 percent by PGN for the gas industry that uses more than an agreement.
PGN argued, it was to control the use by customers. If the use according to the contract, not subject to surcharge. Additional charges apply if usage above the limit of the contract.
Therefore, its value should be high enough to be considered before exceeding contract customers.
Contacted separately, the Indonesian Employers Association chairman Sofyan Wanandi asserted, employers objected to the increase in gas prices. Employers ask for a compromise that is fair for both parties so that the industry had no trouble operating.
What we wonder, Why is the government still allow the export of gas. Gas exports to Singapore are still high. The reason is a contract, can not be undone. What is clear is that we can never expressly decided the fulfillment of domestic gas supply before export.
Wednesday, May 26, 2010
SHARE AND RUPIAH INDEX INTENSIFIED
Indonesian stock market is getting excited about entering the second quarter of this year. Thursday, April 1, 2010 and then, Composite Stock Price Index (CSPI) rose 1.9% to 2829.99. This is the index of record highs since the beginning of 2008. In fact, at 14:43 pm, JCI had touched record highs in the history of the Indonesian capital market at the level of 2834.24.
Composite Strengthening contributed to the strengthening of rupiah. Referring to the middle rate of Bank Indonesia (BI), the rupiah strengthened to a level of USD 9075 per dollar, the United States (U.S.). In the spot market, the rupiah touched USD 9078 per U.S. dollar. This is the highest since March 7, 2008.
JCI is in tune with the direction of movement of regional exchanges. The majority of stock market indices in Asia also closed green on Thursday, April 1, 2010. And, JCI became the fastest-moving index in Asia since early this year 2010, reaching 11.67%. As a comparison, at the same time, Japan's Nikkei 225 rose only 6.62%.
Investors anticipate the U.S. economic data, including employment data are released soon, says Alwi Assegaf, analysts Universal Broker Indonesia. Investors have expectations, the U.S. unemployment levels stand at 9.7%.
In addition to regional factors, the positive sentiment also came from the domestic market. Namely, Indonesia's inflation rate more controllable. Central Bureau of Statistics announced that during March 2010, there was deflation of 0.14%. It signals that Bank Indonesia will probably keep its benchmark interest at lower levels.
Besides sentiment inflation data, financial reports throughout 2009 the majority of issuers are also good. This condition is the main attraction of foreign investors chasing stocks fundamental solid. Thursday, April 1, 2010, foreign investors registered net purchases (net of buy) worth Rp 212.57 billion in the stock market.
E-Trading Securities analyst, Isfhan Arsad Helmy, see, now, foreign investors still glanced mining stocks and then banking.1 April 2010, foreigners bought shares of coal USD 159 billion and Rp 145 billion in bank stocks.
Economist Samuel Securities Indonesia, Lana Soelistianingsih, estimates, flood of foreign funds into the Indonesian stock market will still continue. In addition to the stock market, bond market will also become targets of foreign investors . Because, today, the Indonesian bond market returns offer a far more attractive than other countries, including the United States.
Strengthening the prices of various commodities will also stimulate the domestic stock market. On 1 April 2010 and then, the price of crude oil in the U.S. market began to rise towards U.S. $ 84 per barrel.
If foreign funds continued to flow in, JCI could penetrate the sacred number 3000 at the end of 2010. Meanwhile, the amount potentially at USD 9000 per U.S. dollar, predictive Lana. Until late 2010, he calculates, the strongest point of rupiah will be at the level of Rp 8,900 per U.S. dollar.
CSPI and Compact Stronger Rupiah
Composite Stock Price Index (CSPI) re-establish a new record since January 2008. On 1 April 2010 and then, JCI closed at 2829.99 level or increased 1.9% from the previous day. Meanwhile, during this week CSPI rose 0.6%.
At the beginning of the week, JCI had slumped 0.65% to 2794.77. But the next day JCI continues to rise. Helmy Isfhan Arsad, an analyst with E-Trading Securities, saw the strengthening of the index is supported by many of the entry of foreign funds. Many foreign issuers to buy coal and banking stocks, said Isfhan.
One trigger is a sentiment noted that financial reports in 2009 the great majority of issuers. This is a sign that the prospects of stocks in Indonesia are still bright. The investors will still continue to chase our shares on the stock. Isfhan suspect, a week ahead, JCI will still be moving up in the range 2795-2875.
The value of the rupiah was also a positive move. Based on data from the middle rate of Bank Indonesia (BI), in this week, the rupiah has gained 0.66% to a level of Rp 9075 per U.S. dollar. Whereas in the spot market, the rupiah was also reached USD 9078 per U.S. dollar or an increase of 0.46% in this week.
The strengthening of rupiah has happened since early this week. In fact, on March 29 last, had a record amount in USD 9090 per U.S. dollar.
According to Lana Soelistianingsih, economist Samuel Securities, the strengthening of the rupiah against the U.S. dollar caused more by an increase in petroleum prices. In fact, oil prices could touch the level of U.S. $ 84 per barrel. It's so fuel the strengthening of rupiah.
The strengthening of rupiah was also encouraged by the strengthening of Asian currencies. Lana's estimate, the rupiah could move higher in the range of USD 9000-USD 9150 per U.S. dollar.
Publish LPKR U.S. $ 350 Million Debt
Lippo Group is not stopped this maneuver during the year 2010. Now, turn Tbk PT Lippo Karawaci (LPKR) indicates its action plan through the issuance of senior debt securities fixed rate of U.S. $ 350 million.
This property development company will hold a road show to attract the interest of foreign investors, both in Asia and Europe, bought the debt. We will visit nagara where investors are, like Singapore, Hong Kong, and Europe, said Marko Wong, Investor Relations LPKR.
When no hindrance crosswise, road show will be held in April 2010 this month. However, the issuance of those bonds still have to wait for the approval of shareholders.
The plan, LPKR will use the proceeds from bond sales to pay debts amounting to U.S. $ 250 million. While the remaining amount of U.S. $ 100 million was allocated to finance the construction and development of the hospital. In the next three years, we intend to build up to five hospitals, said Wong.
Most of these hospitals will be standing in the Jakarta, Bogor, Depok, Tangerang, and Bekasi (Greater Jakarta). Regarding the exact location, Wong could not express it. Because, still very dependent on construction permits.
To be sure, the range of hospital development cost is U.S. $ 100,000 per bed. If there are 100 beds, will require funding of up to U.S. $ 10 million, said Wong.
According to Wong, the construction of these hospitals will bring added value to LPKR. Consideration, the hospital business is still very promising. However, Wong is still reluctant to open-opener about how big the contribution that health care business for Lippo Karawaci revenue in the future.
Based LPKR dipublikasika prospectus, they will hold a General Meeting of Shareholders Extraordinary (RUPLB) for requesting approval of shareholders later on May 3, 2010. For, these are included in the category of material transactions.
Later, these bonds will be guaranteed of two children uasha LPKR, namely PT Sentra Dwimandiri (HR) and PT Wisma Java Propertindo (WJP). In both the child's efforts, LPKR owns a majority of shares amounting to 99.9%. Guarantee is handled, including assets owned by the two sons of the Lippo business,
Dwimandiri Sentra is a company engaged in the trade industry, construction, mining, agriculture, printing, and services. At the end of 2009, total assets of a company established on September 15, 1993 amounted to Rp 2.5 trillion.
While the Java House is a company engaged in the real estate industry. Total assets of the company was USD 3.23 trillion.
Reza Nugraha, Bhakti Securities analyst, said the company's current property is being aggressively seek funding in order not to miss enjoying the industry growth. According to Reza, a hospital development plan undertaken LPKR is the right step. Condition, the hospital is targeting the middle to upper class. Understandably, during this time many Indonesian people who seek treatment abroad. If that targeted the lower middle class will be very difficult.
Reza certain debt securities issued will be absorbed LPKR market. Condition, LPKR competitive rates offered. If interest rates above 8% I am sure there will be an absorbing, Reza said.
Throughout 2009, LPKR opened the revenue of Rp 2.56 trillion, up 0.47% from 2008 revenue of Rp 2.55 trillion. Net income also grew thin LPKR 4.6% from Rp 370.8 billion to Rp 388 billion. On 1 April 2010 and then, share prices rose 1.67% LPKR to Rp 610 per share.
PGAS 882.72% Profit Increase
Performance of PT Perusahaan Gas Negara Tbk (PGAS) more shiny. Throughout 2009, this state owned gas company managed to get the net profit of Rp 6.23 trillion. This amount increased by 882.72% or nearly 10 times the 2008 net income of only Rp 633.86 billion.
Jump in net profit PGAS not be separated from the achievement of their income during the year 2009. In that period, PGAS print revenue of Rp 18.02 trillion, an increase of 40.89% of revenues in 2008 amounting to Rp 12.79 trillion.
In addition, net income PGAS booster derived from the acquisition of foreign exchange earnings reached USD 1.24 trillion. In 2008, PGAS suffered foreign exchange losses to Rp 2.51 trillion, said Director of PGAS, Hendi Prio Santoso, in his explanation to the Indonesian Stock Exchange.
Mediacom analyst, Chandra Pasaribu, saw the strengthening of the rupiah against the U.S. dollar in 2009 and joined PGAS sustain performance. If the rupiah slumped when it is not possible PGAS be lucky as today, said Chandra.
In 2009, PGAS also able to cut other expenses to them. In fact, they can get other income amounting to Rp 571.15 billion. Conversely, in 2008 other expenses PGAS reached Rp 3.38 trillion.
The PGAS in 2009 operating expenses increased only 7.65% to Rp 3.13 trillion from Rp 2.91 trillion. Ends, earnings per share issuers increased from USD 28 to be Rp 262 per share.
Chandra predict, PGAS performance in 2010 was likely flat. The issue of gas shortage could affect production volume PGAS. PGAS performance will be helped gas prices likely will rise.
Also hindered the performance Moncernya PGAS to trade its shares. On April 1, 2010, PGAS shares rose 0.59% to USD 4275 per share.
Composite Strengthening contributed to the strengthening of rupiah. Referring to the middle rate of Bank Indonesia (BI), the rupiah strengthened to a level of USD 9075 per dollar, the United States (U.S.). In the spot market, the rupiah touched USD 9078 per U.S. dollar. This is the highest since March 7, 2008.
JCI is in tune with the direction of movement of regional exchanges. The majority of stock market indices in Asia also closed green on Thursday, April 1, 2010. And, JCI became the fastest-moving index in Asia since early this year 2010, reaching 11.67%. As a comparison, at the same time, Japan's Nikkei 225 rose only 6.62%.
Investors anticipate the U.S. economic data, including employment data are released soon, says Alwi Assegaf, analysts Universal Broker Indonesia. Investors have expectations, the U.S. unemployment levels stand at 9.7%.
In addition to regional factors, the positive sentiment also came from the domestic market. Namely, Indonesia's inflation rate more controllable. Central Bureau of Statistics announced that during March 2010, there was deflation of 0.14%. It signals that Bank Indonesia will probably keep its benchmark interest at lower levels.
Besides sentiment inflation data, financial reports throughout 2009 the majority of issuers are also good. This condition is the main attraction of foreign investors chasing stocks fundamental solid. Thursday, April 1, 2010, foreign investors registered net purchases (net of buy) worth Rp 212.57 billion in the stock market.
E-Trading Securities analyst, Isfhan Arsad Helmy, see, now, foreign investors still glanced mining stocks and then banking.1 April 2010, foreigners bought shares of coal USD 159 billion and Rp 145 billion in bank stocks.
Economist Samuel Securities Indonesia, Lana Soelistianingsih, estimates, flood of foreign funds into the Indonesian stock market will still continue. In addition to the stock market, bond market will also become targets of foreign investors . Because, today, the Indonesian bond market returns offer a far more attractive than other countries, including the United States.
Strengthening the prices of various commodities will also stimulate the domestic stock market. On 1 April 2010 and then, the price of crude oil in the U.S. market began to rise towards U.S. $ 84 per barrel.
If foreign funds continued to flow in, JCI could penetrate the sacred number 3000 at the end of 2010. Meanwhile, the amount potentially at USD 9000 per U.S. dollar, predictive Lana. Until late 2010, he calculates, the strongest point of rupiah will be at the level of Rp 8,900 per U.S. dollar.
CSPI and Compact Stronger Rupiah
Composite Stock Price Index (CSPI) re-establish a new record since January 2008. On 1 April 2010 and then, JCI closed at 2829.99 level or increased 1.9% from the previous day. Meanwhile, during this week CSPI rose 0.6%.
At the beginning of the week, JCI had slumped 0.65% to 2794.77. But the next day JCI continues to rise. Helmy Isfhan Arsad, an analyst with E-Trading Securities, saw the strengthening of the index is supported by many of the entry of foreign funds. Many foreign issuers to buy coal and banking stocks, said Isfhan.
One trigger is a sentiment noted that financial reports in 2009 the great majority of issuers. This is a sign that the prospects of stocks in Indonesia are still bright. The investors will still continue to chase our shares on the stock. Isfhan suspect, a week ahead, JCI will still be moving up in the range 2795-2875.
The value of the rupiah was also a positive move. Based on data from the middle rate of Bank Indonesia (BI), in this week, the rupiah has gained 0.66% to a level of Rp 9075 per U.S. dollar. Whereas in the spot market, the rupiah was also reached USD 9078 per U.S. dollar or an increase of 0.46% in this week.
The strengthening of rupiah has happened since early this week. In fact, on March 29 last, had a record amount in USD 9090 per U.S. dollar.
According to Lana Soelistianingsih, economist Samuel Securities, the strengthening of the rupiah against the U.S. dollar caused more by an increase in petroleum prices. In fact, oil prices could touch the level of U.S. $ 84 per barrel. It's so fuel the strengthening of rupiah.
The strengthening of rupiah was also encouraged by the strengthening of Asian currencies. Lana's estimate, the rupiah could move higher in the range of USD 9000-USD 9150 per U.S. dollar.
Publish LPKR U.S. $ 350 Million Debt
Lippo Group is not stopped this maneuver during the year 2010. Now, turn Tbk PT Lippo Karawaci (LPKR) indicates its action plan through the issuance of senior debt securities fixed rate of U.S. $ 350 million.
This property development company will hold a road show to attract the interest of foreign investors, both in Asia and Europe, bought the debt. We will visit nagara where investors are, like Singapore, Hong Kong, and Europe, said Marko Wong, Investor Relations LPKR.
When no hindrance crosswise, road show will be held in April 2010 this month. However, the issuance of those bonds still have to wait for the approval of shareholders.
The plan, LPKR will use the proceeds from bond sales to pay debts amounting to U.S. $ 250 million. While the remaining amount of U.S. $ 100 million was allocated to finance the construction and development of the hospital. In the next three years, we intend to build up to five hospitals, said Wong.
Most of these hospitals will be standing in the Jakarta, Bogor, Depok, Tangerang, and Bekasi (Greater Jakarta). Regarding the exact location, Wong could not express it. Because, still very dependent on construction permits.
To be sure, the range of hospital development cost is U.S. $ 100,000 per bed. If there are 100 beds, will require funding of up to U.S. $ 10 million, said Wong.
According to Wong, the construction of these hospitals will bring added value to LPKR. Consideration, the hospital business is still very promising. However, Wong is still reluctant to open-opener about how big the contribution that health care business for Lippo Karawaci revenue in the future.
Based LPKR dipublikasika prospectus, they will hold a General Meeting of Shareholders Extraordinary (RUPLB) for requesting approval of shareholders later on May 3, 2010. For, these are included in the category of material transactions.
Later, these bonds will be guaranteed of two children uasha LPKR, namely PT Sentra Dwimandiri (HR) and PT Wisma Java Propertindo (WJP). In both the child's efforts, LPKR owns a majority of shares amounting to 99.9%. Guarantee is handled, including assets owned by the two sons of the Lippo business,
Dwimandiri Sentra is a company engaged in the trade industry, construction, mining, agriculture, printing, and services. At the end of 2009, total assets of a company established on September 15, 1993 amounted to Rp 2.5 trillion.
While the Java House is a company engaged in the real estate industry. Total assets of the company was USD 3.23 trillion.
Reza Nugraha, Bhakti Securities analyst, said the company's current property is being aggressively seek funding in order not to miss enjoying the industry growth. According to Reza, a hospital development plan undertaken LPKR is the right step. Condition, the hospital is targeting the middle to upper class. Understandably, during this time many Indonesian people who seek treatment abroad. If that targeted the lower middle class will be very difficult.
Reza certain debt securities issued will be absorbed LPKR market. Condition, LPKR competitive rates offered. If interest rates above 8% I am sure there will be an absorbing, Reza said.
Throughout 2009, LPKR opened the revenue of Rp 2.56 trillion, up 0.47% from 2008 revenue of Rp 2.55 trillion. Net income also grew thin LPKR 4.6% from Rp 370.8 billion to Rp 388 billion. On 1 April 2010 and then, share prices rose 1.67% LPKR to Rp 610 per share.
PGAS 882.72% Profit Increase
Performance of PT Perusahaan Gas Negara Tbk (PGAS) more shiny. Throughout 2009, this state owned gas company managed to get the net profit of Rp 6.23 trillion. This amount increased by 882.72% or nearly 10 times the 2008 net income of only Rp 633.86 billion.
Jump in net profit PGAS not be separated from the achievement of their income during the year 2009. In that period, PGAS print revenue of Rp 18.02 trillion, an increase of 40.89% of revenues in 2008 amounting to Rp 12.79 trillion.
In addition, net income PGAS booster derived from the acquisition of foreign exchange earnings reached USD 1.24 trillion. In 2008, PGAS suffered foreign exchange losses to Rp 2.51 trillion, said Director of PGAS, Hendi Prio Santoso, in his explanation to the Indonesian Stock Exchange.
Mediacom analyst, Chandra Pasaribu, saw the strengthening of the rupiah against the U.S. dollar in 2009 and joined PGAS sustain performance. If the rupiah slumped when it is not possible PGAS be lucky as today, said Chandra.
In 2009, PGAS also able to cut other expenses to them. In fact, they can get other income amounting to Rp 571.15 billion. Conversely, in 2008 other expenses PGAS reached Rp 3.38 trillion.
The PGAS in 2009 operating expenses increased only 7.65% to Rp 3.13 trillion from Rp 2.91 trillion. Ends, earnings per share issuers increased from USD 28 to be Rp 262 per share.
Chandra predict, PGAS performance in 2010 was likely flat. The issue of gas shortage could affect production volume PGAS. PGAS performance will be helped gas prices likely will rise.
Also hindered the performance Moncernya PGAS to trade its shares. On April 1, 2010, PGAS shares rose 0.59% to USD 4275 per share.
Saturday, May 1, 2010
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At www.el-gahtan.co.in, the privacy of our visitors is of extreme importance to us. This privacy policy document outlines the types of personal information is received and collected by www.el-gahtan.co.in and how it is used.
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Like many other Web sites, www.el-gahtan.co.in makes use of log files. The information inside the log files includes internet protocol ( IP ) addresses, type of browser, Internet Service Provider ( ISP ), date/time stamp, referring/exit pages, and number of clicks to analyze trends, administer the site, track user’s movement around the site, and gather demographic information. IP addresses, and other such information are not linked to any information that is personally identifiable.
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