Yusuf Winoto published Bank Niaga result update. In Q107 the bank shows strong
performance despite higher-than-expected provisions. Growth in mortgage loan is
sustainable, while deposit increased only moderately. The bank is distributing
Rp10 DPS. Valuation is attractive at 32% discount to the sector average. BUY,
TP is Rp950 (13% upside potential).
Bank Mandiri Q107 result is in line with our estimate. Net interest income was
up significantly (63% Y/Y) mostly due to margin improvement (asset yield was
only down 40bp while costs of funds were down 100bp). BUY, TP is Rp3,300 (13%
upside).
Katarina Setiawan
Highlights
Bank Niaga (BUY): Strong start to the year
Bank Niaga (BUY): Rp10,1 DPS (yield = 1.2%)
Bank Mandiri (BUY): Q107 results in line
Mobile-8 (BUY): MESOP info
Bumi Resources: Green light on divestment plan from Bapepam
Energi Mega: Restructured board of directors
Jaya Ancol: To issue Rp200b bonds
Surya Toto Indonesia: FY06 results
>From our chartist desk
JCI: After the previous support of 1930 is broken, we focus on 1900 level as
the next support, which is the nearest round number and also 38.2% retracement.
Current resistance is at 1950.
AALI: Affected by positive sentiment from high record break of CPO price, we
see AALI could rebound to close its gap at Rp14,500-14,550. TRADING BUY.
BLTA: Channel line breakout is still safely preserved. Yesterdays correction
is only a temporary, we see pullback effect right after the breakout occurred.
Likely to reach its full retracement to Rp2,175. BUY.
-----Original Message-----
From: "helmi setiawan"<[EMAIL PROTECTED]>
Sent: 4/21/07 4:32:11 AM
To: "[EMAIL PROTECTED]"<[EMAIL PROTECTED]>
Subject: [obrolan-bandar] Re: BUMI siap Terbang
Kalo senen ini mendingan perbankan dulu, kalo perbankan main biasanya
saham lain banyak yg diam seribu bahasa, soalnya butuh kapital dan
konsentrasi full BD2nya. Perbankan yg naik hari ini masih banyak yg
anget... untuk BUMI mending tunggu ada kompor aja dulu, Biar BD nya
gak marah2, kalo kita dateng sebelom show, BD sering ngomel.:P
tandanya pas ada gemuruh aja baru nimbrung joget:0
Tapi kalo mau Colect gpp asal jangan terlalu men Colok...
--- In [EMAIL PROTECTED], "AH" <[EMAIL PROTECTED]> wrote:
>
> IYA PAK..ktnya mau diterbangin lagi. Pegang kuat2, jgn sampe lepas.
Senin tampung lagi ah
>
> -----Original Message-----
> From: "helmi setiawan"<[EMAIL PROTECTED]>
> Sent: 4/20/07 5:45:21 PM
> To: "[EMAIL PROTECTED]"<[EMAIL PROTECTED]>
> Subject: [obrolan-bandar] Re: BUMI
> Lagi nungguin kompor di BUMI nih, waktunya udah deket...
> Pak BD yg terhormat, tar kalo masak jangan pake minyak jelantah
ya...
>
>
>
> --- In [EMAIL PROTECTED], Knight <knight.jkt@> wrote:
> >
> > DOW JONES NEWSSaturday, March 31, 2007 Tata Power pays USD1.3
> billion for
> > 30% KPC-Arutmin NEW DELHI (AP) -- India's Tata Power agreed to pay
> > USD1.3billion for 30% shares of two coal mining subsidiaries of PT
> > Bumi Resources
> > Tbk---PT Kaltim Prima Coal & PT Arutmin Indonesia. Senior Vice
President
> > Investor Relations of Bumi Resources Mr. Dileep Srivastava
confirmed the
> > divestment last night. "The USD1.3 billion is inclusive the
working
> capital.
> > It shows Indonesia's attractiveness to the world's investors,"
he said.
> >
> >
> > On 3/27/07, Mr Lucky <lucky.daytrader@> wrote:
> >
> > BUMI: Swing breakout 1260, go for trade
> >
>
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