BKSL ini saham inceran darvaser (i.e Pak Busur) sejak break sekitar harga Rp. 250. Imagine sekarang 395 (sempet 470). Kita lihat ada sideway dulu di level ini atau terus, menurut saya terus. Gudlak.
On 5/4/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote:
Dari milist tetangga... bagaimana komentar para analist tentang BKSL ini????? PT. BMW Indonesia Dadan Nurdiana IT Wisma GKBI 21st Floor Jl. Jend. Sudirman No. 28 Jakarta 10210 Indonesia Tel : +62-21-3000-7741 Fax : +62-21-3000-7802 Mobile : +62811919965 mailto : [EMAIL PROTECTED] <Dadan.Nurdiana%40bmw.co.id> http://www.bmw.co.id > >Subject: FW: Indon: BKSL IJ: King of the Hill: BUY with T/P IDR500 > > > >>> * Our property analyst, Kim Kwie, initiated a coverage on Sentul City >> (BKSL >>> IJ), >>> previously known as Bukit Sentul, with a BUY recomm. >>> * BKSL is a landed residential area located about 38km away from central >>> Jakarta. Don't be discouraged by the distance as we are used to >>> commuting >>> to >>> work. The good road access to BKSL, coupled with great infrastructure >> inside >>> the >>> development and cool weather (200-300km above sea-level), are also a >> plus. >>> * BKSL, established by Tjahjadi Kumala in 1993, who then invited Lippo >> Group >>> and >>> Bambang Trihatmojo to join as shareholders, was brought by a homebuyer >>> to >>> the >>> bankruptcy court for failure to deliver pre-sold houses in 2002. The >> court >>> declared BKSL bankrupt and since then the development was abandoned >until >>> new >>> investors (Yusuf Valent along with Tjahjadi Kumala) came in and injected >>> IDR815bn through rights issue in Oct 2006. >>> * Prior to cash injection, the new investors have successfully settled >> with >>> the >>> homebuyers in April 2006, which was then ratified by the court. >>> * As part of the settlement, BKSL allocated IDR300bn of its fresh >capital >> to >>> construct 438 houses for the old homebuyers, of which 30 houses are to >be >>> delivered next week. In addition, 532 lots will also be made available >> for >>> sale >>> to new customers. >>> * BKSL has acquired 2,700ha of land bank, of which 831ha have been sold. >>> * BKSL focuses on landed middle segment residential with an avg housing >>> price of >>> IDR500m (USD55K) and have tied up with two banks (Bank Jasa Jakarta and >>> Bank >>> Mega) to provide mortgages for homebuyers. >>> * Kim estimates BKSL's total attributale NAV at IDR7.1tr or IDR743/sh, >> based >>> on >>> gross land bank of 1,909ha (1,145ha sellable area) at IDR1.1m/sqm. This >> is >>> a >>> conservative estimate as the land price in a cluster within the >company's >>> estate, which is developed by a French-Indon developer (PT Les Nouveaux >>> Constructeurs), has already reached IDR1.6m/sqm. >>> * Based on the current share px of IDR350/sh, BKSL is trading at a huge >> 53% >>> discount to RNAV vs. sector's avg disc of 28%. >>> * Kim is using a 33% discount to his RNAV of IDR743/sh to arrive at T/P >>> of >>> IDR500/sh, reflecting a 43% upside potential - BUY. >>> - Linda Halim - BNP Paribas Securities - Jakarta >>> >>> >>> ---------------------------------------------------------- >-- >> -- >>> --- >>> This has been prepared solely for informational purposes. It is not an >>> offer, recommendation or solicitation to buy or sell, nor is it an >> official >>> confirmation of terms. It is based on information generally available to >> the >>> public from sources believed to be reliable. No representation is made >to >>> its accuracy or completeness or that any returns indicated will be >> achieved. >>> This message is confidential and may not be reproduced. Changes to >>> assumptions may have a material impact on any returns detailed. Price >and >>> availability are subject to change without notice. >>> >>> >>> ******************* DISCLAIMER ******************* >>> >>> This e-mail message and any attachments thereto is intended only for the >> use of the individual or entity to whom it is addressed and others >> authorized to receive it and may contain information that is >confidential, >> priviledged and/or exempt from disclosure under applicable law. If you >are >> not the intended recipient you are hereby notified that any review, >> disclosure, copying, distribution or other use of any of the information >> contained in this strictly prohibited and may be unlawful. If you have >> received this communication in error, please notify us immediately by >> responding to this email and then delete this from your system. The >> content >> of the message and/or attachments may not reflect the view and opinions >of >> the originating company or any party it is representing. >>> >>> Trimegah Securities cannot guarantee that e-mail communications are >>> secure >> or error-free, as information could be intercepted, corrupted, amended, >> lost, destroyed, arrive late or incomplete, or contain viruses. >>> >>> ******************************************************** >>> >>> >> >> >> ******************* DISCLAIMER ******************* >> >> This e-mail message and any attachments thereto is intended only for the >> use >> of the individual or entity to whom it is addressed and others authorized >> to >> receive it and may contain information that is confidential, priviledged >> and/or exempt from disclosure under applicable law. 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The content of the message >> and/or attachments may not reflect the view and opinions of the >> originating >> company or any party it is representing. >> >> Trimegah Securities cannot guarantee that e-mail communications are >secure >> or error-free, as information could be intercepted, corrupted, amended, >> lost, destroyed, arrive late or incomplete, or contain viruses. >> >> ******************************************************** >> >> > > >---------------------------------------------------------- ---- >-------- >PRIVILEGED AND CONFIDENTIAL (Disclaimer) >---------------------------------------------------------- ---- >-------- >This e-mail message is intended only for the use of the individual or >entity to which >it is addressed and may contain information that is privileged, >confidential and exempt >from disclosure. 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