yahhh...kok ELSA cuma ditawar 350 perak doang....gosipnya salah dong ya??

Thanks & Rgds,
Ferry W.

  ----- Original Message ----- 
  From: KC 
  To: undisclosed recipients: 
  Sent: Friday, May 15, 2009 9:21 AM
  Subject: [ob] Kim Eng Indonesia Equity Daily, 15 May 09

          Our Comment

          Adi Wicaksono visited Asahimas Flat Glass, a producer of flat glass 
used for cars and buildings.  Outlook for this year is not attractive due to 
weak demand.  However, the company is planning two projects to be developed 
this year and start commercial operation in 4Q09 or early 2010.  The first 
project is to develop coating glass with Chemical Vapour Deposition (CVD) 
technology in Sidoardjo, East Java with capex of US$24.5m. The technology will 
help electricity saving cost.  Margin is also better than old the company’s 
products (selling price is expected four until five folds than old products).  
The second project is overhaul of one furnace in Jakarta , with capex of 

          Indonesia’s GDP is predicted to have grown by 4.3% in 1Q09, according 
to survey by Bloomberg.  BPS (Central Statistics Bureau) is expected to release 
the figure today.  The country’s economy probably grew at the fastest pace in 
Southeast Asia in 1Q09 as buoyant local spending helped the nation fend off the 
global recession.  Singapore ’s economy shrank the most since at least 1975 in 
1Q09 and Thailand ’s Finance Minister estimates a 6% GDP contraction.  Consumer 
confidence in Indonesia soared to a four-year high in April, according to a 
central bank survey.

          On the election, approaching the deadline to register for candidates 
for President and Vice President, so far it is expected that there will be 3 
pairs: Jusuf Kalla-Wiranto, Yudhoyono-Boediono, and Megawati-Prabowo.  The 
third pair, however, is still uncertain, as there are rumors that Megawati has 
not reached agreement with Prabowo over some issues.



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