Jumat, 08/01/2010 17:14 WIB Harga Batubara Sentuh US$ 100/Ton, Saham BUMI Merajalela
Indro Bagus SU : detikFinance detikcom - Jakarta, Harga komoditas batubara thermal di pasar spot telah menyentuh US$ 100 per ton. Saham PT Bumi Resources Tbk (BUMI) pun menjadi buruan investor selama perdagangan pekan pertama tahun 2010. "Harga batubara thermal di pasar spot versi Global Newcastle telah mencapai US$ 100 per ton, sedangkan cadangan batubara China menurun 24%, ini menguntungkan bagi BUMI," ujar SVP Investor Relations BUMI, Dileep Srivastava dalam penjelasannya kepada detikFinance, Jumat (8/1/2010). Melonjaknya harga komoditas batubara di pasar spot dunia terutama didorong oleh kenaikan cepat harga minyak mentah yang kini sudah berada di atas level US$ 80 per barel. Ini menyebabkan investor melakukan pembelian saham-saham pertambangan batubara. Pada perdagangan hari ini, indeks saham tambang naik tajam sebesar 63,780 poin (2,71%) menembus level 2.409,813. Dan seperti biasa, saham PT Bumi Resources Tbk (BUMI) lagi-lagi menjadi pemimpin kenaikan harga saham-saham tambang. Pada perdagangan hari ini, Jumat (8/1/2010), BUMI ditutup naik Rp 200 (7,4%) ke level Rp 2.900 dengan volume transaksi mencapai 799 juta saham senilai Rp 2,288 triliun. Aktivitas transaksi saham BUMI ramai sejak perdagangan hari kedua di 2010. Pada penutupan perdagangan perdana, Senin (4/1/2010), BUMI masih berada di level Rp 2.425 per saham. Mendadak sejak perdagangan hari kedua hingga perdagangan hari kelima, harga saham BUMI terus menanjak seiring dengan melonjaknya harga komoditas batubara di pasar spot dunia. Jika dibandingkan dengan hari ini, maka dalam 4 hari perdagangan, harga saham BUMI telah mengalami kenaikan sebesar Rp 475 (19,58%). Investor-investor asing pun tak henti-hentinya membeli saham BUMI selama 4 hari terakhir. Nilai transaksi BUMI selama 4 hari terakhir (5-8 Januari 2010) mencapai Rp 6,453 triliun. Nilai tersebut setara dengan 31,66% dari total nilai transaksi di Bursa Efek Indonesia (BEI) selama periode yang sama sebesar Rp 20,376 triliun. Nilai transaksi beli bersih asing (foreign net buy) di seluruh pasar selama periode 5-8 Januari 2010 mencapai Rp 1,937 triliun. Sedangkan net buy asing atas saham BUMI selama 4 hari terakhir mencapai Rp 1,429 triliun. Itu berarti, posisi net buy asing di saham BUMI menguasai 73,77% dari net buy asing di BEI selama 4 hari terakhir. Broker-broker berbendera asing juga terus menerus melakukan pembelian saham BUMI. Selama 4 hari terakhir, 6 broker berbendera asing telah melakukan pembelian bersih (net buy) atas saham BUMI sebanyak 1,5 juta lot atau sekitar 750,6 juta saham BUMI. Angka tersebut setara dengan 3,86% dari total saham beredar BUMI sebanyak 19,404 miliar saham. Total nilai pembelian bersih 6 broker tersebut sebesar Rp 2,052 triliun dalam 4 hari perdagangan. PT CLSA Indonesia (KZ) membeli bersih sebanyak 394.974 lot senilai Rp 550,084 miliar. PT Credit Suisse Securities Indonesia (CS) membeli bersih sebanyak 273.386 lot senilai Rp 377,409 miliar. PT Kim Eng Securities (ZP) membeli bersih sebanyak 269.106 lot senilai Rp 359,705 miliar. PT Macquarie Capital Securities Indonesia (RX) membeli bersih sebanyak 267.388 lot senilai Rp 356,165 miliar. PT JP Morgan Securities Indonesia (BK) membeli bersih sebanyak 161.366 lot senilai Rp 214,152 miliar. Terakhir yang baru masuk hari ini, PT RBS Asia Securities Indonesia (HG) membeli bersih sebanyak 134.993 lot senilai Rp 194,690 miliar. Perburuan masif atas saham BUMI diperkirakan berkaitan dengan naiknya harga rata-rata batubara di pasar spot dan tuntasnya masalah pajak senilai Rp 2,1 triliun sebagaimana ditudingkan oleh Direktorat Jenderal Pajak. BUMI telah melakukan pembayaran tambahan pajak PT Kaltim Prima Coal (KPC) dan PT Arutmin Indonesia, masing-masing senilai US$ 119,807 juta dan US$ 92,840 juta. Totalnya sekitar US$ 212,647 juta (Rp 2,1 triliun). ## -----Original Message----- From: "-Candra Wu" <wu_can...@yahoo.com> Date: Fri, 8 Jan 2010 22:46:32 To: OB<obrolan-bandar@yahoogroups.com> Subject: FW :Re: [ob] Fw: ADRO - The Rise of Envirocoal Test Anything is possible On Fri, Jan 8, 2010 at 9:50 PM, B_ND <nyaham.d...@gmail.com <mailto:nyaham.d...@gmail.com> > wrote: Bisa jadi PTBA ke-2 nya pak Rei nih!! Salam, On Fri, Jan 8, 2010 at 10:28 PM, <highwaysta...@gmail.com <mailto:highwaysta...@gmail.com> > wrote: Sent from my computer of course! ---------------- From: dani...@aaasecurities.com <mailto:dani...@aaasecurities.com> Date: Fri, 8 Jan 2010 09:37:06 +0000 Subject: Fw: ADRO - The Rise of Envirocoal Sent from my BlackBerry® powered by Sinyal Kuat INDOSAT ---------------- From: "Herman Koeswanto" <herman.koeswa...@aaasecurities.com <mailto:herman.koeswa...@aaasecurities.com> > Date: Fri, 8 Jan 2010 16:18:04 +0700 To: Herman Koeswanto<herman.koeswa...@aaasecurities.com <mailto:herman.koeswa...@aaasecurities.com> > Subject: FW: ADRO - The Rise of Envirocoal Herman Koeswanto - Research Division - PT Andalan Artha Advisindo Sekuritas Artha Graha Building 26th Floor Jl. Jendr. Sudirman Kav 52 - 53 Phone +6221 5152640 ---------------- From: Ciptadana Research [mailto:ciptadanaresea...@ciptadana.com <mailto:ciptadanaresea...@ciptadana.com> ] Sent: Friday, January 08, 2010 2:42 PM Subject: KI : ADRO - The Rise of Envirocoal PT Adaro Energy The Rise of Envirocoal  We are initiating our coverage on PT Adaro Energy (Adaro, JCI code: ADRO) with a BUY recommendation at TP of Rp 2,450/share. Adaro is currently Indonesia’s second largest thermal coal producer, operating the largest single coal mine in Indonesia, and one of the lowest cost coal producer in the world. Last year, the company was able to re-price their legacy contracts, thus, average selling price jumped significantly y-o-y—supporting FY09 performance. While 2009’s performance is driven by price increase, we believe sales volume will drive Adaro’s performance in 2010 and going forward. As power sector’s appetite for Envirocoal is growing, the company is expanding to boost production by 77.8% in five-years to 80Mt. Using DCF valuation with 11.0% WACC and 3.0% growth rate, we come up with a 12-month target price of Rp 2,450/share. Currently trading at Rp 1,840/share, our target price provides a 33.2% upside.  Increasing demand for Envirocoal With only one mine in operation, Adaro’s business model is very simple as they only have one product—i.e. Envirocoal. Envirocoal is one of the cleanest fossil fuels in the world. It has ultra low sulphur, ash and nitrogen contents. Today, the demand for Envirocoal is growing as people’s concern about environmental issues towards coal usage emerged. Envirocoal can be used especially where environmental restrictions are strictly controlled or as blending agents for coals with high ash and sulphur. With the unique qualities of Envirocoal, it become the most environmentally acceptable and cost effective solid fuel available.  Possible winner of BHP Billiton’s coal mine in Maruwai Recent media reported that Adaro has been chosen by BHP Billiton as their strategic partner in running its coal mine in Maruwai, Central Kalimantan. The news has not been confirmed with BHP, however, it is suspected that Adaro is BHP’s main option for technical and strategic reasons as Adaro’s mine location is close Maruwai. Official announcement from BHP is expected in the near future. Acquiring 25% of Maruwai coal mine will be a positive catalyst for the share price.  Target Price: Rp 2,450/share, BUY With 3.5 bn tones of coal resources and 38.5Mt of coal production in 2008, Adaro is the second largest thermal coal producer in Indonesia. Aside from trying to boost production, going forward Adaro is planning to build a mine mouth power plant and an overland conveyor to lower costs. At our target price, Adaro’s P/E 2010 and 2011 is 21.6x and 13.2x, respectively. Currently-at 3.1x P/BV 2010-the company is trading with one of the lowest P/BV compared to its Indonesian peers. Risks to our valuation include the volatility of International coal prices, the ability of the company to obtain high selling price, timely completion of on-going projects and the weather as it affects operational performance. -- Regards, Research Department PT Ciptadana Securities Plaza ASIA Office Park Unit 2 Jl. Jend. Sudirman Kav.59 Jakarta 12190 Phone : 62-21 2557 4920 Fax    : 62-21 2557 4900 DISCLAIMER This email may contain privileged and/or confidential Information intended only for the use of the addressee. If not, or you are not the person responsible for delivering it to the person addressed, you may not use any part of it, forward, disclose, copy or deliver this to anyone else. If you receive this email by mistake, please immediately delete it from your system and notify the sender by return email. Internet communications can not be guaranteed to be timely, secure, error or virus free, the sender does not accept any liability for error or omissions. The information contained in this email and/or report is not be taken as any recommendation made by PT. Ciptadana Securities or any other member of the Ciptadana Capital. This email and/or report are prepared in general circulation. It does not have any intention to the specific person who may receive this email and/or report. In considering any investments you should make your own independent assessment and seek your own professional financial and legal advice. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~ Message has scanned by AAAS Mail Security Gateway ~~~ ~~~ No virus found in this incoming message ~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ -- Sent from my coal-powered phone. ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links
