Menurut saya, secara Charts sih baiknya kita hindari dulu utk msk ke INTP, krn chartsnya blm ksh sinyal buy.
Mgk yg senior, pak Rio atau bung Tommy bisa tambahkan secara analisa TA nya. Salam, DR From: [email protected] [mailto:[email protected]] On Behalf Of budi harlino Sent: 29 Juli 2011 9:12 To: [email protected] Subject: [saham] Re: CIMB SECURITIES: Buy INTP, Target Price Rp. 19.300 Pada perdagangan hari Kamis kemarin tgl 28 Juli, 9 Broker yg tercatat paling banyak melakukan bet buy INTP, yaitu : 1. NI, net buy 3860 lot 2. YU, net buy 3766 lot 3. DX, net buy 2163 lot 4. KZ, net buy 1621 lot 5. OD, net buy 1136 lot 6. CD, net buy 729 lot 7. DH, net buy 632 lot 8. CC, net buy 560 lot 9. ZP, net buy 120 lot Ayo, lawan BK yg lagi lego barang obral. Kapan lagi bisa dapet barang obral yg lagi dilego sama BK. 2011/7/28 budi harlino <[email protected]> Berhubung kemarin malam mati lampu, saya tidak sempat mencatat transaksi saham INTP kemarin. Tapi seingat saya, DB masih mencatat net buy sekitar 700-an lot. So, tak perlu banyak komentar lagi, dengan kinerja yg demikian kinclong, bahkan dijuluki "the cash king" oleh YU, buy INTP yg masih MURAH MERIAH... 2011/7/27 budi harlino <[email protected]> Pada perdagangan hari Selasa kemarin tgl 26 Juli, Broker Asing yg agresif membeli INTP yaitu: Deutsche Securites (DB) net buy 1833 lot Citigroup Securites (CG) net buy 339 Sedangkan CIMB Securities (YU), net buy 347 lot. Ayo dong YU, hari ini borong langsung 2000 lot ya.J Salut buat DB yg selalu jeli melihat peluang barang2 yg masih murah. Buy INTP yg masih murah meriah. 2011/7/26 budi harlino <[email protected]> Kemarin tgl 25 Juli, Broker Asing yg agresif membeli INTP yaitu: Deutsche Securites (DB) net buy 1213 lot Untuk lebih jelasnya, bersama ini saya lampirkan di attachment rekomendasi lengkap dari CIMB Securities (YU). Mulai besok dan seterusnya, saya juga akan melaporakan transaksi saham INTP oleh Broker YU, untuk melihat KESERIUSAN mereka tentang rekomendasi INTP yg mereka berikan. 2011/7/20 budi harlino <[email protected]> CIMB SECURITIES: Buy INTP, Target Price Rp. 19.300 Riset TERBARU CIMB Securities (YU) memberi target INTP Rp. 19.300. Buy INTP yg masih murah meriah. Kemarin Asing, khususnya Credit Suisse (CS) borong banyak. Error! Filename not specified. 1QFY10 RESULTS May 2011 NEUTRAL Maintained Indocement RP17,100 Target: Rp19,300 The cash king Mkt.Cap: Rp62,949bn/US$7,368m . Ahead; maintain Neutral. 1Q11 core profit of Rp850bn is 2% ahead of our forecast and 4% ahead of consensus, from higher-than-expected revenue from its concrete business. Despite this, we are maintaining our forecasts as contributions from the concrete business are low. Accordingly, we keep our target price of Rp19,300, still based on 15.6x CY12 P/E as well as our Neutral rating, as we believe the bulk of the upside has been factored in. EBITDA/tonne growth has been decelerating and further margin improvements from operations appear limited. . 1Q11 core EPS up 10.6% yoy. Revenue grew 15% yoy on higher non-cement sales (concrete) as well as higher implied ASPs for exported cement. Cement sales grew 10% yoy to Rp2.7tr, led by domestic sales growth of 9%. This implies flat ASPs, in line with our expectation and industry trends. Energy costs rose sharply, resulting in declining gross margins. Lower-than-expected operating expense however, helped to offset the decline in EBIT margins. . Cash at US$560m. Cash position inched up to Rp4.9tr with no debt as the company has paid its US$25m revolving loan. It plans to start the construction of another mill which should be completed in 2012/13. Total spending of US$140m should be internally financed. Results comparison FYE Dec (Rp bn) 1QFY11 1QFY10 yoy % 4QFY10 qoq % Prev. chg chg FY11F Comments Rev enue 2 ,944 2 ,550 15.5 3 ,030 (2.8) 12,712 Slightly ahead on higher RMC grow th Operating costs (1,735) (1,413) 22.8 (1,772) (2.1) (7,191) Energy cost offset by low er opex EBITDA 1,209 1 ,137 6.3 1 ,258 (3.9) 5,521 EBITDA margin (%) 41.1% 44.6% 41.5% 43.4% Below on low er D&A Depn & amort. (148) (157) (5.7) ( 212) (30.2) ( 692) EBIT 1,061 980 8.2 1 ,046 1.4 4,829 Ahead on low er cost Interest ex pense ( 5) ( 4) 51.5 ( 5) 10.9 ( 3) Ahead Interest & inv t inc 6 3 4 5 41.6 5 6 13.4 2 28 In line Forex gain (loss) 5 1 5 (69.7) ( 0) 2,638.2 3 Others 13 0 11,259.1 1 2 8.9 - Ahead Pretax profit 1,136 1,036 9.6 1,109 2.5 5,058 Slightly ahead Tax ( 269) (250) 7.6 ( 266) 0.9 (1,264) Slightly low er tax Tax rate (%) 24% 24% 24% 25% Ahead Minority interests ( 2.2) 0.3 (832.4) ( 0.7) 202.4 - Net profit 865 7 87 10.0 8 42 2.8 3,793 Core net profit 850 7 68 10.6 8 33 2.0 3,790 Forming 22%, 2% ahead of our estimate EPS (Rp) 235 2 14 229 1 ,030 Core EPS (Rp) 231 2 09 226 1 ,030 Source: Company, CIMB Research
