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Jakarta - Dow Jones: U.S. stock market increases, making the Dow Jones Industrial Average reached its highest point since October 2008. Alcoa Inc. and DuPont Co.. which eventually led to an increase in the Dow Jones experiencing an increase in the 7 days after the government issued a statement to the production price down 0.6% in February. BlackRock Inc. (+4.9%) After Credit Suisse Group AG to raise its ranking to "outperfom". Ford Motor Co.. also experienced rally after Moody's Investors Service raised rating rating debts. Index Standard & Poor's 500 (+0.6%) to 1,166.21. Dow Jones Industrial Average (+0.5%) to 10,733.67
Regional Morning: Japanese stock market was volatile moves with increasing oil and metals prices that drive commodity companies, while the weakening real estate company. Mitsubishi Corp. (+0.5%) as rising commodity after a report showed falling prices U.S. producers, which strengthens speculation the Federal Reserve will keep interest rates low.
Acom Co. (-1.1%), Mitsui Fudosan Co. (-1.9%), eliminating reinforcement for 9 days, after Morgan Stanley lowered its investment rating. Nikkei 225 (-0.1%) 10.838 S & P / ASX 200 (+0.3%) 4.865 Kospi (-0.1%) 1.680 STI (-0.2%) 2913
Commodity: Oil traded at the level of U.S. $ 82.6 per barrel, a thin weakened by 0.4%. With oil prices shot above $ 80 a barrel, OPEC agreed to not change the production limit in the hope that oil supplies are still insufficient global demand. WTI Crude (-0.4%) $ 82.6/barrel Gold (+0.1%) EUR 1.122 / t oz CPO (-0.6%) 2.612 RM / MT Nickel (+1.6%) EUR 22.250 / MT Tin (+1.1%) EUR 17.750 / MT.
Economic & Industrial News
Economic: Directorate General of Taxes Investigate 55 cases of Debt Tax
Directorate General of Taxes claimed was an investigation of 55 cases of taxation. Billing process and examination go on, says Director General of Taxes. According to him, the examination carried out on a number of state taxes. Inspection carried out fully. It's not only about the tax debt, but also related to excess tax payments.
Economic: March Potentially Happen Deflation
Most of the prices that typically contribute to inflation, such as rice, pepper and cooking oil has fallen. In March of this potential deflation occurs. This was said by the Head of the Central Bureau of Statistics (BPS). He explained, the price of rice began to fall as the entry of the harvest season. Similarly, the price of sugar international began to recede, making the price of sugar in the domestic market go down.
Economic: Increase in electricity tariff runway annual inflation 0.36%
Central Bureau of Statistics estimates that the government's plans raise electricity rates by 15% in July would give an annual inflation of 0.36% in 2009. Rusman Heriawan, Head of the Central Bureau of Statistics (BPS), said if the base rate listik (TDL) decided rose by 15% uniformly in July, it could trigger the movement of rising commodity prices. An increase in TDL will provide a direct inflationary impact (direct impact on inflation) of about 2.4% which when multiplied by the percentage increase (15%), the total pressure of inflation will be 0.36%.
Economic: Until March 2010, layoff rate Reaches 68,332 People
Until the beginning of March 2010 Termination rates (FLE) in Indonesia was to reach 68,332 people, while employees are laid off to reach 27,860 people. But the layoff rate is unrelated to the implementation of the ASEAN-China Free Trade Agreement (AC-FTA), said Minister of Manpower and Transmigration. He said there is potential for increased possibility of layoffs due to the implementation of the ASEAN free trade agreements and China (AC-FTA). But until now it has not happened.
Economic: Claim National Insurance Reach Rp54, 3 Trillion
National insurance industry recorded a total claim for Rp54, 3 trillion or an increase of 30.8% in 2009 from the total claims in 2008 for Rp41, 5 billion. Bapepam-LK end of 2009 shows the claim life insurance for Rp40, 7 trillion or an increase of 29.2% and insurance claims generally reach Rp13, 6 billion or an increase of 36.3%.
Corporate news
SMGR: Invest U.S. $ 765 Million for Development Factory
PT Semen Gresik Tbk (SMGR) allocate investment funds of U.S. $ 765 million, or about Rp 7.11 trillion for the construction of two new factories and one unit of electricity generation in 2 years. Factory will be located in Java and Sulawesi.
EARTH: Pay Shares of Newmont U.S. $ 229.43 Million
Indonesian PT Bumi Resources Tbk (BUMI) through subsidiary, PT Multi Region to Compete (MDB), completing the payment 7% stake divestment of PT Newmont Nusa Tenggara (nnt) period in 2009 worth U.S. $ 229.4 million or equivalent to Rp2, 08 trillion.
BDMN: 4 Name Prepared for the CEO of Bank Danamon
Temasek Holdings Pte Ltd through Asia Financial Holdings (Ind) Pte Ltd has been set up at least four names to be a successor President Director of PT Bank Danamon Indonesia Tbk Sebastian Paredes who resigned. Reportedly, the fourth name is Henry Ho Hon Cheong, Wilson Chia, Joel Kornreich, and SnG Seow Hua.
FREN: Cash Mobile-8 is sucked Debt
Cash PT Mobile-8 Telecom Tbk, Carrier-based CDMA, siphoned off by the size of the debt burden that must be repaid, so the company does not smoothly enough funds to pay obligations coupon to bondholders. Company Secretary Mobile-8 said in addition, the company also used cash to finance business development.
IPO: IPO Indosari Nippon June 2010
Indosari Corpindo PT Nippon largest bread companies in Indonesia are scheduled to record on the Stock Exchange IPO shares in June 2010. The Company intend to release 15% of its shares to the public. Company this year allocates Rp90 billion to build a new plant in Jakarta. This step is to boost the production of bread companies about 20% of the 900 thousand-1 million pieces of bread per day to 1.2 million pieces.
Bipi: Control Benakat Elnusa acquisition fund
PT Indotambang Perkasa provide loans worth Rp894, 81 billion to PT Benakat Petroleum Energy Tbk (bipi) to finance the acquisition of 37.15% stake in PT Elnusa Tbk (ELSA). Indotambang is Benakat controlling shareholder with a shareholding of 55.57%. Interest is charged 5.6% per year, while the six-month time period, which ended on September 12, 2010.
BBNI: KPR will Tembsus Rp10, 66 Trillion
PT Bank Negara Indonesia Tbk (BBNI) projected that home ownership credit (KPR) increased to Rp10, 66 trillion in 2010. This was based on yamg development of the property market getting better lately. Until late last year, KPR BNI channeled Rp 8.2 trillion as of February 2010 and rose to Rp8, 5 trillion.
SMCB: Make sure the Project Factory Tuban Start Year
PT Holcim Indonesia Tbk (SMCB) make sure to start project construction in Tuban, East Java this year. This project was delayed due to the global crisis last year. Plant capacity of 2.1 million tons is expected to increase production capacity Holcim from 7.9 million tons per year to 10 million tonnes per year in 2011.
BMRI: Rights Issue BNI and Mandiri Will Approved
House of Representatives approved signals BNI and Mandiri plans to hold a rights offering this year. However, until now the House has not received an official proposal from the government or the Ministry of SOEs.
Earning Watch
BPFI: Batavia Finance print 53% jump in profit
PT Batavia Prosperindo Finance Tbk at the end of last year scored an increase in net profit of 53.09% due to revenue growth. In a financial report submitted to the Indonesia Stock Exchange yesterday named Batavia Finance net profit at the end of 2009 reached Rp16, 84 M compared with the previous position Rp11 M. Revenue issuers rose 15.32% from Rp71, 87 F at the end of 2008 to Rp82, 88 F at the end of last year. Controlling shareholders of Batavia Finance is PT Batavia Prosperindo Securities 54.99%, Rudy Johansen 0.001%, and the rest of the public.
TCID: Profit 2009 Grow 8.5%
In 2009, PT Mandom Indonesia Tbk (TCID) recorded a net profit of Rp 124.6 billion, up 8.5% compared to the 2008 acquisition of Rp 114.9 billion. The increase is sustained by a significant increase in domestic sales. Earnings per share was recorded rose from Rp 590 to Rp 620 per share.
Rumor
Astra Group, through subsidiary reportedly interested in buying a majority stake of PT Verena Oto Finance Tbk (VRNA) which is held by PT Verena Capital (40%). The acquisition will strengthen the financing division of Astra in the used car market. Prices acquisition dikabrakan at the level of PBV 1.5 times or 195 a share. In 2009, Verena business income rises above 30%. Shares VRNA currently classified as cheap as PER was 6.3 times and PBV 0.6 times.
PT Nusantara Infrastructure Tbk (META) was hunted airport related the purchase of standby rights issue of liability in the near future, namely Bosowa Group. In addition, investors from Singapore is also ready to stand by buyer. They say, fund the rights issue will be used to acquire 52% stake JORR W1Kebon Orange Penjaringan managed by PT Jakarta Circle West One.
Earning Watch
* BPFI: Batavia Finance print 53% jump in profit
* TCID: Profit Grew 8.5% in 2009
* BFIN: Net Income Increases 30% in 2009
Technical Picks
* ADRO (in 1920) - Trading Buy
* BBNI (2000) - Trading Buy
* BMRI (4950) - Trading Buy
* KIJA (111) - Trading Buy.
(ETR / Qom)
