next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik andref_r 
will ISAT going up and close empty gap 5000-5450?hehe

Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik indeksbei3000 
Kalau LK PGAS sih 27 Maret Aimee.
Kalau UNTR tgl 26 Feb
ANTM 27/28 Feb.
Siap-siap ya, Sell on News mungkin.

Pak DE
Maaf ane berisik
Mohon dimaafkan
Sent from my BlackBerry® smartphone from Sinyal Bagus XL, Nyambung Teruuusss...!

-Original Message-
From: RATU SIMA 

Date: Mon, 23 Feb 2009 20:17:12 
To: 
Subject: Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: 
The gold argument


Kan akhir Quarter 1 di akhir Maret Bro. Jadi dihitung dari sekarang ajah.
Kan Lapkeu-nya!

Love,
Aimee

Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik RATU SIMA 
Kan akhir Quarter 1 di akhir Maret Bro. Jadi dihitung dari sekarang ajah.
Kan Lapkeu-nya!

Love,
Aimee

Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik indeksbei3000 
ya ampyun..
Jend yg td n maren2 Offer gede di 2075 and 2100 yah..akumulasi berat di 1950 sm 
2000 ye
Pantes ga mau ngegas nih..
Teman-teman, Jend mau lihat Chart PGAS nih.
Bagaimana kalau kita kirimin Jend Chart PGAS versi masing2..

 Salam

Sent from my BlackBerry® smartphone from Sinyal Bagus XL, Nyambung Teruuusss...!

-Original Message-
From: artomoro9 

Date: Mon, 23 Feb 2009 20:44:37 
To: 
Subject: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The 
gold argument


giliran berikutnya PGAS...  any comment...??
 
mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren hehehe
 
1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara Volume, kan 
chart pasti sama aja, tinggal mau makenya gimana.
 
2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar chart nya tambah 
cantik
 
3. nah ini dia, bung tasrul men OPtimized agar cocok dengan asumsi saya
 
4. Bung DE : ini BUMN juga kan...
 
 
tuh mbah sudah komplit kan bantuan dari teman2 OBers.  
 
 
 
 
disclaimer..?:
kita liat aja nanti, kalo bener semoga, kalo keliru ya disclaimer ON ..
 
 
 



--- Pada Sen, 23/2/09, jsx_consultant  menulis:

Dari: jsx_consultant 
Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Senin, 23 Februari, 2009, 12:23 AM






Lagi DIGILIR ...

--- In obrolan-bandar@ yahoogroups. com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM. . 
> 
> 
> 
>
> 
> From: obrolan-bandar@ yahoogroups. com
> [mailto:obrolan-bandar@ yahoogroups. com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@ yahoogroups. com; sa...@yahoogroups. com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> * CLSA is bullish on gold and upgrading the price
> assumptions by around 25% to 27% over the next two years, with 
potential
> for short-term upside surprise. 
> 
> * Subsequently, we are raising our earnings forecasts 
for
> Antam by 90% to 25%. 
> 
> * Known to be a nickel play, gold contribution to Antam
> revenue could increase from 10% in 2007 to an expected 30% in 2009 
while
> the contribution to gross profit could jump from 10% to 50% over the
> same period. 
> 
> * Impact of higher gold price over the longer run to
> earnings and cash flows is more subdued though, due to relatively 
short
> gold reserves life, as reflected in 25% gold contribution to our 
total
> DCF estimate. 
> 
> * Antam valuations, PE and EV/EBITDA, are not cheap but
> the counter offer the only gold exposure in town. 
> 
> * Risks would include stubbornly high ferronickel cost,
> immediate ban on nickel ore export, and higher than assumed 
derivative
> loss. 
> 
> * Upgrade to Outperform. 
> 
> 
> 
> With best regards,
> 
> 
> 
> Ahmad Solihin (Olie)
> 
> CLSA Indonesia , Investment Analyst 
> 
> Phone: +62 21 2554 8834
> 
> Mobile: +62 812 807 3656
> 
> Fax: +62 21 574 6920
> 
> ahmad.solihin@ ... <mailto:ahmad. soli...@. ..> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
>
> 
> 
> CLSA CLEAN & GREEN: Please consider our environment before
> printing this email.
> The content of this communication is subject to CLSA Legal and
> Regulatory Notices.
> These can be viewed at https://www. clsa.com/ disclaimer. html
> <https://www. clsa.com/ disclaimer. html> or sent to you upon 
request. 
> 
> 
> 
> 
> 
>
> 
> Dapatkan alamat Email baru Anda!
> 
<http://sg.rd. yahoo.com/ id/mail/domainch oice/mail/ signature/ *http:/mai
l.
> promotions.yahoo. com/newdomains/ id/> 
> Dapatkan nama yang selalu Anda inginkan sebelum diambil orang lain!
>

















  Firefox 3: Lebih Cepat, Lebih Aman, Dapat Disesuaikan dan 
Gratis.http://downloads.yahoo.com/id/firefox

next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik y_dizz 
Emang ada apaan Bos Hmin? Bilang dong, jadi deg-degan nih. Kekekek...

Regards,
Yudizz


--- In obrolan-bandar@yahoogroups.com, Boys n Girls  
wrote:
>
> waktunya tinggal 1 bulan 1 minggu
> lewat dari itu musti dorong pake keringat darah :d
> 
> 2009/2/23 artomoro9 
> 
> >   *giliran berikutnya PGAS...  any comment??*
> > **
> > *mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren 
hehehe*
> > **
> > *1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara 
Volume,
> > kan chart pasti sama aja, tinggal mau makenya gimana.*
> > **
> > *2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar 
chart nya
> > tambah cantik*
> > **
> > *3. nah ini dia, bung tasrul men OPtimized agar cocok dengan 
asumsi saya*
> > **
> > *4. Bung DE : ini BUMN juga kan...*
> > **
> > **
> > *tuh mbah sudah komplit kan bantuan dari teman2 OBers.  *
> > **
> > **
> > **
> > **
> > *disclaimer..?:*
> > *kita liat aja nanti, kalo bener semoga, kalo keliru ya 
disclaimer ON .*
> > **
> > **
> > **
> >
> >
> >

Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik Boys n Girls 
waktunya tinggal 1 bulan 1 minggu
lewat dari itu musti dorong pake keringat darah :d

2009/2/23 artomoro9 

>   *giliran berikutnya PGAS...  any comment??*
> **
> *mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren hehehe*
> **
> *1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara Volume,
> kan chart pasti sama aja, tinggal mau makenya gimana.*
> **
> *2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar chart nya
> tambah cantik*
> **
> *3. nah ini dia, bung tasrul men OPtimized agar cocok dengan asumsi saya*
> **
> *4. Bung DE : ini BUMN juga kan...*
> **
> **
> *tuh mbah sudah komplit kan bantuan dari teman2 OBers.  *
> **
> **
> **
> **
> *disclaimer..?:*
> *kita liat aja nanti, kalo bener semoga, kalo keliru ya disclaimer ON .*
> **
> **
> **
>
>
>
> --- Pada *Sen, 23/2/09, jsx_consultant 
> *menulis:
>
> Dari: jsx_consultant 
> Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
> Kepada: obrolan-bandar@yahoogroups.com
> Tanggal: Senin, 23 Februari, 2009, 12:23 AM
>
>  Lagi DIGILIR ...
>
> --- In obrolan-bandar@ yahoogroups. com ,
> "Irwan Adi Triwibowo"
>  wrote:
> >
> > AYO BUM_BUM masak kalah sama TAM_TAM. . 
> >
> >
> >
> >  _ _ __
> >
> > From: obrolan-bandar@ yahoogroups. com
> > [mailto:obrolan-bandar@ yahoogroups. com]
> On Behalf Of Joe Grunk
> > Sent: Monday, February 23, 2009 1:55 PM
> > To: obrolan-bandar@ yahoogroups. com ;
> sa...@yahoogroups. com 
> > Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> > argument
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > * CLSA is bullish on gold and upgrading the price
> > assumptions by around 25% to 27% over the next two years, with
> potential
> > for short-term upside surprise.
> >
> > * Subsequently, we are raising our earnings forecasts
> for
> > Antam by 90% to 25%.
> >
> > * Known to be a nickel play, gold contribution to Antam
> > revenue could increase from 10% in 2007 to an expected 30% in 2009
> while
> > the contribution to gross profit could jump from 10% to 50% over the
> > same period.
> >
> > * Impact of higher gold price over the longer run to
> > earnings and cash flows is more subdued though, due to relatively
> short
> > gold reserves life, as reflected in 25% gold contribution to our
> total
> > DCF estimate.
> >
> > * Antam valuations, PE and EV/EBITDA, are not cheap but
> > the counter offer the only gold exposure in town.
> >
> > * Risks would include stubbornly high ferronickel cost,
> > immediate ban on nickel ore export, and higher than assumed
> derivative
> > loss.
> >
> > * Upgrade to Outperform.
> >
> >
> >
> > With best regards,
> >
> >
> >
> > Ahmad Solihin (Olie)
> >
> > CLSA Indonesia , Investment Analyst
> >
> > Phone: +62 21 2554 8834
> >
> > Mobile: +62 812 807 3656
> >
> > Fax: +62 21 574 6920
> >
> > ahmad.solihin@ ... <mailto:ahmad. soli...@. ..>
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >  _ _ __
> >
> >
> > CLSA CLEAN & GREEN: Please consider our environment before
> > printing this email.
> > The content of this communication is subject to CLSA Legal and
> > Regulatory Notices.
> > These can be viewed at https://www. clsa.com/ disclaimer. 
> > html<https://www.clsa.com/disclaimer.html>
> > <https://www. clsa.com/ disclaimer. 
> > html<https://www.clsa.com/disclaimer.html>>
> or sent to you upon
> request.
> >
> >
> >
> >
> >
> >  _ _ __
> >
> > Dapatkan alamat Email baru Anda!
> >
> <http://sg.rd. yahoo.com/ id/mail/domainch oice/mail/ signature/
> *http:/mai<http://sg.rd.yahoo.com/id/mail/domainchoice/mail/signature/*http:/mai>
> l.
> > promotions.yahoo. com/newdomains/ id/>
> > Dapatkan nama yang selalu Anda inginkan sebelum diambil orang lain!
> >
>
>
> --
>  Pemanasan global? Apa sih itu?
> <http://id.answers.yahoo.com/question/index;_ylt=AjO3kFB4MH9t8_Wg.IsJRzLtRgx.;_ylv=3?qid=20080916002637AALjeQI>
> Temukan jawabannya di Yahoo! Answers!
>
>  
>

Re: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik JsxTrader™ 
Yael... diem2 aja atuh Jendral..., ya sdh lah..., watch it !! hehehe

Powered by Telkomsel BlackBerry®

-Original Message-
From: artomoro9 

Date: Mon, 23 Feb 2009 20:44:37 
To: 
Subject: next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The 
gold argument


giliran berikutnya PGAS...  any comment...??
 
mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren hehehe
 
1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara Volume, kan 
chart pasti sama aja, tinggal mau makenya gimana.
 
2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar chart nya tambah 
cantik
 
3. nah ini dia, bung tasrul men OPtimized agar cocok dengan asumsi saya
 
4. Bung DE : ini BUMN juga kan...
 
 
tuh mbah sudah komplit kan bantuan dari teman2 OBers.  
 
 
 
 
disclaimer..?:
kita liat aja nanti, kalo bener semoga, kalo keliru ya disclaimer ON ..
 
 
 



--- Pada Sen, 23/2/09, jsx_consultant  menulis:

Dari: jsx_consultant 
Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Senin, 23 Februari, 2009, 12:23 AM






Lagi DIGILIR ...

--- In obrolan-bandar@ yahoogroups. com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM. . 
> 
> 
> 
>
> 
> From: obrolan-bandar@ yahoogroups. com
> [mailto:obrolan-bandar@ yahoogroups. com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@ yahoogroups. com; sa...@yahoogroups. com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> * CLSA is bullish on gold and upgrading the price
> assumptions by around 25% to 27% over the next two years, with 
potential
> for short-term upside surprise. 
> 
> * Subsequently, we are raising our earnings forecasts 
for
> Antam by 90% to 25%. 
> 
> * Known to be a nickel play, gold contribution to Antam
> revenue could increase from 10% in 2007 to an expected 30% in 2009 
while
> the contribution to gross profit could jump from 10% to 50% over the
> same period. 
> 
> * Impact of higher gold price over the longer run to
> earnings and cash flows is more subdued though, due to relatively 
short
> gold reserves life, as reflected in 25% gold contribution to our 
total
> DCF estimate. 
> 
> * Antam valuations, PE and EV/EBITDA, are not cheap but
> the counter offer the only gold exposure in town. 
> 
> * Risks would include stubbornly high ferronickel cost,
> immediate ban on nickel ore export, and higher than assumed 
derivative
> loss. 
> 
> * Upgrade to Outperform. 
> 
> 
> 
> With best regards,
> 
> 
> 
> Ahmad Solihin (Olie)
> 
> CLSA Indonesia , Investment Analyst 
> 
> Phone: +62 21 2554 8834
> 
> Mobile: +62 812 807 3656
> 
> Fax: +62 21 574 6920
> 
> ahmad.solihin@ ... <mailto:ahmad. soli...@. ..> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
>
> 
> 
> CLSA CLEAN & GREEN: Please consider our environment before
> printing this email.
> The content of this communication is subject to CLSA Legal and
> Regulatory Notices.
> These can be viewed at https://www. clsa.com/ disclaimer. html
> <https://www. clsa.com/ disclaimer. html> or sent to you upon 
request. 
> 
> 
> 
> 
> 
>
> 
> Dapatkan alamat Email baru Anda!
> 
<http://sg.rd. yahoo.com/ id/mail/domainch oice/mail/ signature/ *http:/mai
l.
> promotions.yahoo. com/newdomains/ id/> 
> Dapatkan nama yang selalu Anda inginkan sebelum diambil orang lain!
>

















  Firefox 3: Lebih Cepat, Lebih Aman, Dapat Disesuaikan dan 
Gratis.http://downloads.yahoo.com/id/firefox

next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik artomoro9 
giliran berikutnya PGAS...  any comment...??
 
mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren hehehe
 
1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara Volume, kan 
chart pasti sama aja, tinggal mau makenya gimana.
 
2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar chart nya tambah 
cantik
 
3. nah ini dia, bung tasrul men OPtimized agar cocok dengan asumsi saya
 
4. Bung DE : ini BUMN juga kan...
 
 
tuh mbah sudah komplit kan bantuan dari teman2 OBers.  
 
 
 
 
disclaimer..?:
kita liat aja nanti, kalo bener semoga, kalo keliru ya disclaimer ON ..
 
 
 



--- Pada Sen, 23/2/09, jsx_consultant  menulis:

Dari: jsx_consultant 
Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Senin, 23 Februari, 2009, 12:23 AM






Lagi DIGILIR ...

--- In obrolan-bandar@ yahoogroups. com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM. . 
> 
> 
> 
>  _ _ __
> 
> From: obrolan-bandar@ yahoogroups. com
> [mailto:obrolan-bandar@ yahoogroups. com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@ yahoogroups. com; sa...@yahoogroups. com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> %


  Mulai chatting dengan teman di Yahoo! Pingbox baru sekarang!! Membuat 
tempat chat pribadi di blog Anda sekarang sangatlah mudah. 
http://id.messenger.yahoo.com/pingbox/

next pgas Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik artomoro9 
giliran berikutnya PGAS...  any comment...??
 
mohon maaf mbah, analisa nya sederhana saja, ane beli kemaren hehehe
 
1. mungkin prof JT dan yg lain bisa lampirin chart PGAS secara Volume, kan 
chart pasti sama aja, tinggal mau makenya gimana.
 
2. Nanti bung michel angelo bisa kasi bluemoon di PGAS biar chart nya tambah 
cantik
 
3. nah ini dia, bung tasrul men OPtimized agar cocok dengan asumsi saya
 
4. Bung DE : ini BUMN juga kan...
 
 
tuh mbah sudah komplit kan bantuan dari teman2 OBers.  
 
 
 
 
disclaimer..?:
kita liat aja nanti, kalo bener semoga, kalo keliru ya disclaimer ON ..
 
 
 



--- Pada Sen, 23/2/09, jsx_consultant  menulis:

Dari: jsx_consultant 
Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Senin, 23 Februari, 2009, 12:23 AM






Lagi DIGILIR ...

--- In obrolan-bandar@ yahoogroups. com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM. . 
> 
> 
> 
>  _ _ __
> 
> From: obrolan-bandar@ yahoogroups. com
> [mailto:obrolan-bandar@ yahoogroups. com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@ yahoogroups. com; sa...@yahoogroups. com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> * CLSA is bullish on gold and upgrading the price
> assumptions by around 25% to 27% over the next two years, with 
potential
> for short-term upside surprise. 
> 
> * Subsequently, we are raising our earnings forecasts 
for
> Antam by 90% to 25%. 
> 
> * Known to be a nickel play, gold contribution to Antam
> revenue could increase from 10% in 2007 to an expected 30% in 2009 
while
> the contribution to gross profit could jump from 10% to 50% over the
> same period. 
> 
> * Impact of higher gold price over the longer run to
> earnings and cash flows is more subdued though, due to relatively 
short
> gold reserves life, as reflected in 25% gold contribution to our 
total
> DCF estimate. 
> 
> * Antam valuations, PE and EV/EBITDA, are not cheap but
> the counter offer the only gold exposure in town. 
> 
> * Risks would include stubbornly high ferronickel cost,
> immediate ban on nickel ore export, and higher than assumed 
derivative
> loss. 
> 
> * Upgrade to Outperform. 
> 
> 
> 
> With best regards,
> 
> 
> 
> Ahmad Solihin (Olie)
> 
> CLSA Indonesia , Investment Analyst 
> 
> Phone: +62 21 2554 8834
> 
> Mobile: +62 812 807 3656
> 
> Fax: +62 21 574 6920
> 
> ahmad.solihin@ ... <mailto:ahmad. soli...@. ..> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
>  _ _ __
> 
> 
> CLSA CLEAN & GREEN: Please consider our environment before
> printing this email.
> The content of this communication is subject to CLSA Legal and
> Regulatory Notices.
> These can be viewed at https://www. clsa.com/ disclaimer. html
> <https://www. clsa.com/ disclaimer. html> or sent to you upon 
request. 
> 
> 
> 
> 
> 
>  _ _ __
> 
> Dapatkan alamat Email baru Anda!
> 
<http://sg.rd. yahoo.com/ id/mail/domainch oice/mail/ signature/ *http:/mai
l.
> promotions.yahoo. com/newdomains/ id/> 
> Dapatkan nama yang selalu Anda inginkan sebelum diambil orang lain!
>

















  Firefox 3: Lebih Cepat, Lebih Aman, Dapat Disesuaikan dan 
Gratis.http://downloads.yahoo.com/id/firefox

Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik jsx_consultant 
Market Maker itu harus menjaga BURSA tetap MENARIK dan LIKWID
meskipun keadaan ekonomi tidak condusive...


--- In obrolan-bandar@yahoogroups.com, Joe Grunk  
wrote:
>
> Gantian. Yg kemaren jatuh dalam yg naikin indeks. Bagus juga kerja 
bandar.
> 
> --- Pada Sen, 23/2/09, jsx_consultant  menulis:
> Dari: jsx_consultant 
> Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold 
argument
> Kepada: obrolan-bandar@yahoogroups.com
> Tanggal: Senin, 23 Februari, 2009, 12:23 AM
> 
> Lagi DIGILIR ...
> 
> --- In obrolan-bandar@yahoogroups.com, "Irwan Adi Triwibowo" 
>  wrote:
> >
> > AYO BUM_BUM masak kalah sama TAM_TAM..
> > 
> >  
> > 
> > 
> >

Bls: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik Joe Grunk 
Gantian. Yg kemaren jatuh dalam yg naikin indeks. Bagus juga kerja bandar.

--- Pada Sen, 23/2/09, jsx_consultant  menulis:
Dari: jsx_consultant 
Topik: [obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument
Kepada: obrolan-bandar@yahoogroups.com
Tanggal: Senin, 23 Februari, 2009, 12:23 AM

Lagi DIGILIR ...

--- In obrolan-bandar@yahoogroups.com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM..
> 
>  
> 
> 
> 
> From: obrolan-bandar@yahoogroups.com
> [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@yahoogroups.com; sa...@yahoogroups.com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
>  
> 
>
> 
>
> 
>
> 
>
> 
>
> 
>   *   CLSA is bullish on gold and upgrading the price
> assumptions by around 25% to 27% over the next two years, with 
potential
> for short-term upside surprise. 
> 
>   *   Subsequently, we are raising our earnings forecasts 
for
> Antam by 90% to 25%. 
> 
>   *   Known to be a nickel play, gold contribution to Antam
> revenue could increase from 10% in 2007 to an expected 30% in 2009 
while
> the contribution to gross profit could jump from 10% to 50% over the
> same period. 
> 
>   *   Impact of higher gold price over the longer run to
> earnings and cash flows is more subdued though, due to relatively 
short
> gold reserves life, as reflected in 25% gold contribution to our 
total
> DCF estimate. 
> 
>   *   Antam valuations, PE and EV/EBITDA, are not cheap but
> the counter offer the only gold exposure in town. 
> 
>   *   Risks would include stubbornly high ferronickel cost,
> immediate ban on nickel ore export, and higher than assumed 
derivative
> loss. 
> 
>   *   Upgrade to Outperform. 
> 
>
> 
>   With best regards,
> 
>
> 
>   Ahmad Solihin (Olie)
> 
>   CLSA Indonesia , Investment Analyst 
> 
>   Phone: +62 21 2554 8834
> 
>   Mobile: +62 812 807 3656
> 
>   Fax: +62 21 574 6920
> 
>   ahmad.soli...@... <mailto:ahmad.soli...@...> 
> 
>
> 
>
> 
>
> 
>
> 
>   
> 
> 
> 
>   CLSA CLEAN & GREEN: Please consider our environment before
> printing this email.
>   The content of this communication is subject to CLSA Legal and
> Regulatory Notices.
>   These can be viewed at https://www.clsa.com/disclaimer.html
> <https://www.clsa.com/disclaimer.html>  or sent to you upon 
request. 
> 
>
> 
>  
> 
> 
> 
> Dapatkan alamat Email baru Anda!
> 
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l.
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[obrolan-bandar] Re: Fw: ANTM (TP Rp1,275) - CLSA: The gold argument

2009-02-23 Terurut Topik jsx_consultant 
Lagi DIGILIR ...

--- In obrolan-bandar@yahoogroups.com, "Irwan Adi Triwibowo" 
 wrote:
>
> AYO BUM_BUM masak kalah sama TAM_TAM..
> 
>  
> 
> 
> 
> From: obrolan-bandar@yahoogroups.com
> [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of Joe Grunk
> Sent: Monday, February 23, 2009 1:55 PM
> To: obrolan-bandar@yahoogroups.com; sa...@yahoogroups.com
> Subject: [obrolan-bandar] Fw: ANTM (TP Rp1,275) - CLSA: The gold
> argument
> 
>  
> 
>
> 
>
> 
>
> 
>
> 
>
> 
>   *   CLSA is bullish on gold and upgrading the price
> assumptions by around 25% to 27% over the next two years, with 
potential
> for short-term upside surprise. 
> 
>   *   Subsequently, we are raising our earnings forecasts 
for
> Antam by 90% to 25%. 
> 
>   *   Known to be a nickel play, gold contribution to Antam
> revenue could increase from 10% in 2007 to an expected 30% in 2009 
while
> the contribution to gross profit could jump from 10% to 50% over the
> same period. 
> 
>   *   Impact of higher gold price over the longer run to
> earnings and cash flows is more subdued though, due to relatively 
short
> gold reserves life, as reflected in 25% gold contribution to our 
total
> DCF estimate. 
> 
>   *   Antam valuations, PE and EV/EBITDA, are not cheap but
> the counter offer the only gold exposure in town. 
> 
>   *   Risks would include stubbornly high ferronickel cost,
> immediate ban on nickel ore export, and higher than assumed 
derivative
> loss. 
> 
>   *   Upgrade to Outperform. 
> 
>
> 
>   With best regards,
> 
>
> 
>   Ahmad Solihin (Olie)
> 
>   CLSA Indonesia , Investment Analyst 
> 
>   Phone: +62 21 2554 8834
> 
>   Mobile: +62 812 807 3656
> 
>   Fax: +62 21 574 6920
> 
>   ahmad.soli...@...  
> 
>
> 
>
> 
>
> 
>
> 
>   
> 
> 
> 
>   CLSA CLEAN & GREEN: Please consider our environment before
> printing this email.
>   The content of this communication is subject to CLSA Legal and
> Regulatory Notices.
>   These can be viewed at https://www.clsa.com/disclaimer.html
>   or sent to you upon 
request. 
> 
>
> 
>  
> 
> 
> 
> Dapatkan alamat Email baru Anda!
> 
 promotions.yahoo.com/newdomains/id/> 
> Dapatkan nama yang selalu Anda inginkan sebelum diambil orang lain!
>