INTP: Lucky Exchange 56.42% Profit Boost
TCID: Net Income Down 24.3%
WIKA: Profit Up 40% Wika
NISP: Net Profit up 73%
ADMF: Adira Profit grew 13%
INTP: Lucky Exchange 56.42% Profit Boost
TCID: Net Income Down 24.3%
WIKA: Profit Up 40% Wika
NISP: Net Profit up 73%
U.S. stock markets rose, rebounding from its lowest point since February after earnings are above estimates and the Federal Reserve that sets interest rates at a low level so that it covers concerns over debt rating downgrade of Spain Dow Chemical Co.., The company's biggest drug maker in U.S. rose 5.9% and Owens Corning, the company producing insulin rose 11% after yag income is above the average estimate of analysts.
Goldman Sachs Group Inc.. rose 2.6%. The banking sector led gains after the Fed gave a statement that will keep interest rates at low levels. The broader Standard & Poor's 500 Index (+0.7%) to 1,191.36. The Dow Jones Industrial Average (+0.5%) to 11,045.27.
Regional Morning: Stock markets slid as Australia and Korea Spain downgrade the credit ratings that cover the high earnings that exceeded estimates and the U.S. Federal Reserve pledged to keep interest rates at low levels. Australia & New Zealand Banking Group Ltd (-1.4%) in Sydney after the company's CEO expressed concern over the European region.
BHP Billiton Ltd.., (-0.5%). Samsung Electronics Co., Who obtained 22% of its revenue in Europe, fell by 0.6% in Seoul. Meanwhile, Japanese stocks closed today to celebrate the national holiday. Kospi (- 0.2%) 1.730 S & P / ASX 200 Index (-0.3%) 4.810 STI (+0.39%) 2.943.
Commodity: Crude oil traded above $ 83/barrel after the Fed that sets interest rates at low levels. Department of Energy reported that gasoline supplies fell to 1.24 million barrels last week. WTI Crude (+0.0%) $ 83.2/barrel Gold (+0.1%) USD 1.167 / t oz palm oil (+0.0%) 2.567 RM / MT Nickel (-1.1%) USD 25.650 / MT Tin (-3.0%) USD 18.000 / MT.
Economic & Industrial News
Economic: Deflation likely Happened This Month
Central Bureau of Statistics (BPS) estimates there are still opportunities in this deflation, as prices of some staples down throughout April. BPS head said that the potential for deflation in this month might be only 0.1% due to falling prices of some basic commodities such as rice, beef, and cooking oil.
Economic: The Government lyrics of new debt in 2011
The government considered additional new debt amounting to Rp258 trillion in 2011 to close the budget deficit pegged at 1.7% of GDP. Finance Minister Sri Mulyani Indrawati said the budget deficit next year will be suppressed only by 1.7% of GDP. In line with the decline in the deficit, the debt ratio to GDP is estimated to fall to 26.7% of the ratio of debt this year by 27%.
Economic: Growth in 2011 is pegged at 6.3%
The government raised its economic growth forecast to 6.3% next year from an earlier projection of 6.2% in line with world economic recovery is believed to be much faster. Minister of Finance said that many countries are currently revising its economic growth targets, based on the belief that global economic recovery is faster than initial estimates.
Economic: The absorption of BPS Budget 4.9%
The realization of budget absorption Central Bureau of Statistics during the first 3 months of this year only reached 4.86%, or Rp245, 3 M of the budget ceiling in the 2010 budget amounting to Rp 5, 05 T. Head of BPS states for the realization of the absorption of good governance implementation program for 16.95% or Rp136, 2 M of the budget ceiling Rp803, 8 M.
Mining: PT Krakatau Steel Mandatory 45 Percent Deposit
In order to build a new steel mill, PT Krakatau Steel is responsible for the procurement of investment funds 2.43 billion U.S. dollars or about Rp 21.87 trillion. Construction of the plant will be two stages and the first phase completed in 2013. Construction of new steel mill was carried out with South Korean steel company, Pohang Steel Company or Posco. Deposit and investment division of duties was due to Krakatau Steel is responsible for 45% of funding needs, which reached 5.4 billion U.S. dollars. As many as 55% of other responsibilities Posco.
Corporate News
MEDC: 1Q10 Earnings soared 17.08%
MEDC Net income reached U.S. $ 8.84 million in 1Q10, an increase of 17.08% from 1Q09 net profit of U.S. $ 7.55 million. Increase in net profit was bolstered by a rise in sales and operating revenues amounting to 37.88% MEDC. In 1Q10, MEDC revenue of U.S. $ 186.02 million.
ADMF: Adira Profit grew 13%
Net income Multifinance Tbk PT Adira Dynamics (Adira Finance) in 1Q10 grew 13% to Rp333 billion compared to net income in the same period last year amounted to Rp294 billion. Net profit growth was mainly driven by the significant increase of new financing as well as lower credit costs (cost of credit). Total new financing increased 53% to 328,714 units, while the total value of new financing rose 74% to Rp4.825 billion. The credit cost ratio fell from 3.8% in 1Q09 to 3.5% in 1Q10.
Director of Adira Finance Atmadja Stanley Setia said the company managed to increase financing portfolio, either on a portfolio of motorcycles and cars. But the most significant increases occurred in the financing of new cars increased 156% to Rp974 billion.
Turi: Revenue Up 77% Tunas
PT Tunas Tbk recorded net income of Rp 1.8 trillion during 1Q10. The company's revenue increased 77% over the same period in 2009 amounted to Rp 1.04 T. However, net income reached USD 75.3 billion, down 46% over the same period the previous year to Rp 140 billion. Profit last year due to gains on the sale of a subsidiary 51% stake in financing last year, said Director of Tunas. Outside the profits on these sales, net income group increased by 105% from Rp 37 billion to Rp 75 billion.
INTP: Lucky Exchange 56.42% Profit Boost
In the first quarter of 2010, the majority of issuers cement producers recorded a good growth performance. PT Indocement Tunggal Tbk (INTP), for example, which managed to reap a net profit of Rp 786.36 billion. The figure rose 56.42% from the first quarter of 2009, which amounted to Rp 502.72 billion.
The net profits INTP is supported by an increase in net income of 16.44%. In the first quarter of 2010, revenue amounted to Rp 2.55 trillion. On the other hand, the INTP managed to cut the cost of sales to Rp 1.23 trillion, or declined 44.72% from same period in 2009 which amounted to Rp 1.78 trillion.
TCID: Net Income Down 24.3%
PT Mandom Indonesia Tbk (TCID) in 1Q10 net profit recorded a decrease of 24.3% or Rp45, 9 billion. In 1Q09, the company recorded a net profit of Rp60, 5 billion. Total company net sales also fell 2.4% compared to 2009 from Rp377, 1 billion to Rp368, 2 billion. The biggest sales decline occurred in exports of 15.7% from Rp111, 6 billion in 2009 to Rp94, 1 billion.
WIKA: Profit Up 40% Wika
State-owned construction company PT Wijaya Karya Tbk (WIKA) 1Q10 net profit of Rp64 quarter, 28 billion, up 40% from 1Q09 to only Rp45, 93 billion.
KARK: Target Rights Issue in June
PT Dayaindo Resources International Tbk (KARK) does not interfere with bankruptcy lawsuit from the New Nature PT Mandiri (ABM) in Central Jakarta Commercial Court. They're still going to continue the plan to issue new shares alias rights issue in June. Previous management had delivered KARK target the proceeds of at least Rp 1.25 trillion.
PTBA: Send your Letter of Protest to the AGO
Coal Mine Board of Directors of PT Bukit Asam Tbk (PTBA) will be sent a protest to the Attorney General (AGO), following a statement that the two directors of the company's mines have become suspects linked to the procurement of coal loading and unloading services with floating cranes at the Port of EVAL, Bandar Lampung. On the same occasion, Director of Operations and Production Milawarma Bukit Asam said floating crane is used as an alternative to loading and unloading of coal shiploader to be built before the company completed in 2012.
AGIS: Global Emerging Potential to Have 49% Stake in Agis
Global Emerging Markets (GEM) have the potential to raise stake in PT Agis Tbk to 49% through equity line of credit facility that is converted to shares. One executive involved in the process mentioned provisions of shares up to a maximum limit of 49% was provided for in clause agreement signed April 23.
KAEF: Hold Tianjin Drug Factory Build $ 12 Million
PT Kimia Farma Tbk (KAEF) took the Chinese SOEs. Tianjin King York, to build factories in the region corticosteroid injection drug industry Lippo Cikarang, Bekasi regency, West Java. Development investments [apart estimated at U.S. $ 10-12 million.
BBNI: Arranger tendered BNI Divestment
Ministry of SOEs is being held a tender arranger to help release additional stock option (Greenshoe) PT Bank Negara Indonesia Tbk in May. According to Deputy Minister of SOE Sector Restructuring and Privatization, BNI's stock price reached above Rp2.050, above the secondary offering price, so there is no reason to delay the divestiture Greenshoe.
GDYR: Schedule of Dividend Distribution
PT Goodyear Indonesia Tbk (GDYR) will distribute dividends for the fiscal year ended December 31, 2009 amounting to Rp 225 per share. The following is a schedule of dividend distribution is:
Cum dividend in the regular market and negotiation: May 20, 2010
Ex dividend on the regular market and negotiation: May 21, 2010
Cum dividend in cash markets: May 25, 2010
Ex dividend on cash markets: May 26, 2010.
Earning Watch
NISP: Net Profit up 73%
PT Bank OCBC NISP Tbk posted a net profit of Rp73 sebesr% to Rp126, 32 M in 1Q10 compared to the same period last year valued at Rp73, 22 M. President Director of Bank OCBC NISP yesterday revealed profit increase was boosted by the growth of net interest income of Rp398 Rp12%, 76 M to Rp444, 92 M.
Corporate News
MEDC: 1Q10 Earnings soared 17.08%
ADMF: Adira Profit grew 13%
Turi: Revenue Up 77% Tunas
INTP: Lucky Exchange 56.42% Profit Boost
TCID: Net Income Down 24.3%
WIKA: Profit Up 40% Wika
KARK: Target Rights Issue in June
PTBA: Send your Letter of Protest to the AGO
AGIS: Global Emerging Potential to Have 49% Stake in Agis
KAEF: Hold Tianjin Drug Factory Build $ 12 Million
BBNI: Arranger tendered BNI Divestment
GDYR: Schedule of Dividend Distribution
Rumours
PT Bhakti Investama (BHIT) is rumored to soon announce the realization of the acquisition of coal mines in Kalimantan / Sumatra. Steps were taken to confirm the company's expansion into the business of mineral resources, when it acquired oil and gas blocks in Sumatra and Papua. Therefore, its shares rose to the level of potentially Rp1.000.
Shares Tbk PT Abdi Nations (ABBA) is believed likely to Rp135-150 levels. It's related company or shareholder opportunities Mahaka Group to acquire PT Indosiar Karya Tbk Medika (IDKM) because it is more ready to fund or match the price offered.
Corporate Actions
Today (29 / 4), cum cash dividend date highway Megah Indo Mines Limited (ITMG) of Rp 1286 per share Ex date (30April2010)
Earning Watch
NISP: Net Profit up 73%
BNGA: Net Income Up 100% in 1Q10
BBKP: Net Income Grew 17% In 1Q10
Technical Picks
ASIA (99) - Trading Buy
CTRP (360) - Trading Buy
EARTH (2325) - Trading Buy
APOL (152) - Trading Buy.
http://finance.detik.com/read/2010/04/29/093332/1347541/6/market-flash-etrading
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