Preview IHSG 22 Juli 2014

Meski mayoritas bursa saham Asia memerah, IHSG terus mencetak rekor kenaikan kemarin. Jelang pengumuman hasil pemilihan presiden 22 Juli 2014, IHSG kembali menguat 0,79 persen ke level 5.127,12. Perkembangan dari krisis perang di Gaza dan insiden jatuhnya pesawat Malaysia masih mendominasi pergerakan pasar Asia. Sentimen serupa ternyata masih menjadi...

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Today's Headlines - 22 Juli 2014

Bank Mandiri to Finance Toll Roads Rp10.9 T (ID)BMRI has disbursed loans worth Rp10.94 trillion to support the construction of the toll road until June 2014. Of these, the largest financing done for the construction of four toll roads in Greater Jakarta area which amounted to Rp4.96 trillion. In addition to the four toll roads Jabodetabek, BMRI channeled to the construction of two toll road in West Java and Banten worth Rp1.48 trillion as well as a toll road in Central Java worth...

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Market Outlook - The Show Continues

Indonesia still awaits the announcement of the formal count undertaken by the General Elections Committee, most likely on 22 July. Yet with several disputes reported in some regions, we believe that the decision will be referred to the Constitutional Court, with a final verdict expected to be made on 24 August. On the back of higher market liquidity and inflows, the market has been building on the expectation of a Jokowi victory. From our three themes related to this possible outcome, the IDR strengthening...

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Today's Headlines - 17 Juli 2014

Antam and Timah Reduce Investment (ID) ANTM cut capital expenditure this year by 55% to Rp1.8 trillion from the original plan of Rp4 trillion, due to the current commodity price environment that has not been recovered. For 2015, the company set up capex of around Rp1.2-1.5 trillion. Moreover, TINS also cut this year capex by 30% to Rp840 billion from the original plan of Rp1.2 trillion. The company will prioritize capex to increase production and improve tin selling price.ISAT to Divest...

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Today's Headlines - 16 Juli 2014

Astra Agro’s CPO Production Grew 21% (ID)Astra Agro Lestari (AALI) managed to produce crude palm oil (CPO) as much as 852,942 tons during the first half of 2014. Production grew by 21.1% compared to the same period last year at 704,211 tons. AALI’s FFB production increased by 14.5% to 2.74 million tonnes during the first half of 2014, higher compared to the same period last year of 2.39 million tons. Thus the production yield increased to 11.01 tonnes per hectare (ha) compare to 10 tonnes per...

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Preview IHSG 16 Juli 2014

IHSG menguat 0,99 persen ke level 5,070.82, bersama dengan bursa Asia lain yang juga menghijau. Dari kawasan regional, otoritas moneter Jepang-Bank of Japan (BOJ) memutuskan untuk tidak melakukan perubahan atas stimulus moneternya saat ini. BOJ akan tetap mempertahankan level base money sekitar 60-70 triliun yen, melalui pembelian surat berharga terutama obligasi pemerintah. BOJ sendiri memangkas proyeksi pertumbuhan ekonomi 2014 dari 1,1 persen menjadi 1,0 persen, serta...

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Today's Headlines - 14 Juli 2014

ISAT to issue $455mn bonds, refinance its debt next year (TJP) PT Indosat Tbk (ISAT) plans to issue rupiah denominated bonds worth $455mn in 2Q15 that would be used to refinance its $650mn debts due in 2020, while the new bonds will be mature in 10 years. Indosat targeting moderate revenue growth by 5-6% but predicted to not generate a net profit this year as they currently focusing on a major network-modernizing program said the president director.  New Contract 1H14: PTPP Rp8.4tn, WSKT...

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Preview IHSG 14 Juli 2014

Bursa Asia termasuk IHSG kompak memerah akhir pekan lalu. Aksi ambil untung menekan IHSG turun 1,28 persen ke level 5,032.60. Sentimen negatif menggelayuti pasar datang dari kawasan Eropa, menyusul kejadian di industri keuangan Portugal. Pemicunya adalah penundaan pembayaran kewajiban surat utang jangka pendek oleh Espírito Santo International (ESI)- perusahaan induk bank terkemuka Portugal, Banco Espirito Santo (BES). Investor khawatir kejadian ini akan menular ke bisnis...

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Preview IHSG 10 Juli 2014

Ditengah pasar regional yang ditutup variatif, IHSG berhasil menembus rekor tertinggi barunya. IHSG naik 0,72 persen ke level 5.024,71. Rilis terkini ekonomi regional datang dari Jepang, yaitu surplus transaksi berjalan dibulan Mei. Ekspor Jepang tumbuh 2 persen YoY, dan impor menurun 0,4 persen YoY, sehingga membawa neraca transaksi berjalan mencetak surplus sebesar US$ 5,14 miliar. Data lainnya dari China adalah stabilnya laju inflasi Juni yang mencapai 2,3 persen, atau...

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Danareksa Institute: Indonesian Consumer Confidence Declined in June

Ahead of the release of the Indonesian government’s official June consumer confidence report (expected to be released today), a survey conducted by the Danareksa Research Institute shows that Indonesian consumer confidence may have weakened 0.3 percent to 94.8 points in June 2014 amid concern about job availability and an expected slowdown in economic growth of Indonesia for the six months ahead. A reading below 100 points indicates pessimism, while a reading above 100 points indicates optimism. The...

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Danareksa: Pasar Berpotensi Diguyur Arus Modal Jika Jokowi Menang

Jakarta - Debat calon presiden dan calon wakil presiden Sabtu lalu semakin menghangatkan persaingan pemilihan presiden yang akan digelar 9 Juli nanti. Debat tersebut adalah kesempatan terbaik untuk menarik pemilih yang masih golput. Danareksa Sekuritas menilai pasangan Joko Widodo dan Jusuf Kalla lebih unggul. Helmy kristanto, dalam hasil riset Danareksa pagi ini, mengatakan Jokowi tampak lebih percaya diri dalam memaparkan visinya dan mempertahankan pendapatnya. "Jika Jokowi menang...

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Today's Headlines - 7 Juli 2014

Citilink Targets 15% Market Share (ID)Citilink Indonesia targets to get 15% of airline passenger market at the end of 2014. In 5M14, Citilink passengers have reached 3.6mn passengers. Until the end of this year, the company believes it can carry 8.2mn passengers driven by the addition in frequencies and new routes in Eastern Indonesia. The company estimates revenues in 1H14 to reach US$200mn with year-end target US$500mn. Government Plan to Increase Coal Royalty by This Year...

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Market Outlook: The Finale

The last debate last Saturday epitomized the intensified competition among the two candidates. With various latest pools continued to highlight smaller gap trends, both candidates presented their best effort during the last debate in a bid to lure more votes, especially from the undecided voters. To our surprises, Jokowi appears to considerably improve his confidence in enunciating his vision as well as when defense his statement. If Jokowi were to win, strong inflow will likely to happen next week,...

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Preview IHSG 4 Juli 2014

Bursa Asia variatif, dengan IHSG melemah 0,40 persen ke level 4.888,74. Sentimen penggerak pasar muncul dari data serapan tenaga kerja AS yang melebihi ekspektasi pasar. Laporan ADP menunjukkan bahwa perusahaan-perusahaan AS menyerap sekitar 281 ribu tenaga kerja, atau diatas ekspektasi pasar sebanyak 200 ribu posisi. Indeks Dow Jones ditutup menguat 0,54 persen pada level tertinggi barunya yaitu 17.068,26. Penguatan ini didukung sentimen positif dari kondisi terkini lapangan...

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Preview IHSG 2 Juli 2014

Bursa Asia cenderung variatif, dengan IHSG yang naik tipis 0,13 persen ke level 4.884,83. Sejumlah rilis penting ekonomi muncul kemarin, seperti PMI China, laju inflasi dan ekspor-impor Indonesia. Indikator official Purchasing Managers' Index (PMI) yang menggambarkan kondisi manufaktur China, naik dibulan Juni ke level 51 dari level 50,8 dibulan Mei. Hal senada juga diperlihatkan oleh HSBC PMI yang naik ke level 50,7 dibulan Juni. Dari dalam negeri, ekspor Indonesia pada bulan Mei mencapai US$...

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Arwana Citramulia - The King of Tiles

Arwana Citramulia (ARNA) is a market leader in a niche sector of the ceramic tiles industry. With a focus on the middle-low segment, the company is benefiting from the growth in the GDP per capita for households which use its products. As a result, ARNA’s utilization is nearly maxed out every year. Thus, going forward, the company is not only focused on maintaining its strong balance sheet and impressive ROE, but also seeks to grow its capacity to meet higher expected demand in the future. Trading...

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