seminar AMClicks held on :

13 November 2010 at Wisma GKBI 2nd Floor
from 10.00 to 12.00

See You There !!!

Open Vacancy for N2N connect Sdn Bhd

dear all,

dicari beberapa kandidat untuk posisi sebagai berikut:

untuk lamaran silakan langsung di email CV ke email : anton@amcapital.co.id

1) Software Engineer

Responsibilities:

Participate as part of the team in application development life cycle.
To be involved in design and development of wide range of company products available in multiple platforms.
To research on new technologies to create more innovative products.
Requirements:

Candidate must possess at least a Bachelor's Degree, Post Graduate Diploma or Professional Degree Engineering, Computer Science/ Information Technology or equivalent with at least 2 year working experience.
Experience in stock broking financial industry, mobile technology, SMS, or PDA solutions are an added advantage.
For Software Engineer position - Knowledge & skills in Java, C# or VB.net.
For Web Application Developer position - Knowledge & skills in Java, JSP, Tomcat, Javascript, Servlet or Ajax.
For Mobile Application position - Knowledge & skills in Java, J2ME, Servlet or JSP.
For Delphi Developer position - Knowledge & skills in Delphi, Socket & Multithreading.
Database knowledge on Microsoft SQL Server or mySQL.
Must be able to work independently with minimal guidance and able to meet tight deadlines.
Independent, resourceful and possess strong object-oriented concept.
Able to work as a team.


2) Network Support Engineer

Responsibilities:

Network administration/operation support, network architecture and engineering design. Global project deployment focuses on Malaysia & Asia region.
Provide network troubleshooting and problem resolution.
The candidate will also be responsible for network security, network performance monitoring, network reporting, data center and cabling infrastructures upgrade and support.
Focusing on continuous upgrades in supporting processes, operating standard and efficiency improvement.
Strong focus on customer satisfaction and providing high network availability.
Requirements:

Posses at least Degree in Network Engineering or Computer Science with 1 year experience in related field ( Networking/ System).
Knowledge in LAN and WAN, Routing, Switching, Firewall, Network management System, VPN and Server Load Balancer.
Experienced in the design, deployment, and on-going administration and troubleshooting all aspects of internetworking (Routers, LAN/WAN Switches, and Network Management products) would be an added advantage.
Experience in deploying of Network Security products i.e. SSL VPN, IDS, Firewall.
Good problem solving & communication skill.
Certification in CCNA or MCSE would be an added advantage.
Discipline, dedicated, can work under pressure and with minimum supervision.
Attitude: committed to work, responsibility, initiative.
Able to work independently in a lead role and in a team, meet deadlines and have good communication and interpersonal skills, resourceful, positive attitudes, willing to work under pressure and travel overseas.

3) Operation Support Engineer

Responsibilities:

Responsible for the smooth running of day-to-day operations.
Implement process improvements to prevent issue recurrence, and facililtate changes to process in conjunction with operations areas.
Strategize, formulate, implement and review contingency plans to support operations, develop implement action plans for maximised productivity.
Formulate detailed standard operating procedures, initiate and lead feasibility studies to promote quality management and continuous improvement of operations.
Requirements:

Possess a Diploma/Degree in IT or equivalent with a minimum of 2 years working experience in a data centre or financial institution’s IT environment.
Hands-on experience and knowledge with SQL databases, Microsoft O/S administration and clustering will be advantageous.
Good interpersonal skills, good problem solving skills and willing to learn.
Able to work on shift hours for different regions support.

Seminar AMClicks

Seminar Analisa Fundamental dan Teknikal serta Trading Strategy AmClicks.

Saturday, 25 September 2010.
at 10.00-12.00.

Registrasi,

hubungi 5795-7000.

Gratis!!

STOCK FOCUS OF THE DAY (Indofood CBP)

Indofood CBP: Bring on the leader of the pack Not Rated

Founded in September 2009 as a result of internal restructuring at Indofood Sukses Makmur (ISM), its present parent company, Indofood CBP Sukses Makmur (ICBP) is now a producer of range of packaged foods under number of divisions including instant noodles, dairy, food seasoning, snack food, and nutrition & special foods. ICBP is also supported by food ingredients and packaging divisions.

ICBP is currently offering 1.2 billion new shares, representing 20% of enlarged capital, via an Initial Public Offering (IPO) on the Indonesia Stock Exchange priced at between Rp4,300 to
Rp5,500/share (nominal price: Rp100 per share). This should translate into market cap of Rp25.1tn-32.1tn or US$2.8bn-3.6bn. Based on our projection, the offered price of Rp4,300 to
Rp5,500/share will value ICBP at a 2010F PE of 16.5x and 21.1x, respectively, and down to 14.4x and 18.4x for 2011F.

Bakrie & Brothers (BNBR, Rp50) , Bumi Resources (BUMI, Rp1,490)

Panax to develop geothermal projects with Bakrie Power Panax Geothermal Ltd., an Australian project developer, agreed with Bakrie Power to establish geothermal plants in Indonesia. The joint venture accord replaces a memorandum of understanding between the two companies signed in June 2010, Panax said in a statement on Aug. 16. Bakrie Power is
a subsidiary of Bakrie & Brothers. The agreement covers geothermal project areas that have already been awarded to Bakrie and areas for which Bakrie has already bid in Indonesia. It also includes geothermal areas that the two
companies will jointly identify as suitable for geothermal development, Panax said. The companies will initially develop the 30MW Sokoria Project located on Flores Island. Panax will have a 45% stake. Bakrie won a tender in
September 2009 to develop the Sokoria geothermal field at an electricity tariff of US$12.5cents per kWh. Panax and Bakrie will also supply 25MW of baseload geothermal power from existing geothermal resources to Dairi
Prima Minerals’ planned underground zinc and lead mine in northern Sumatra. Panax will hold a 51% stake in this project. Dairi Prima Minerals, a subsidiary of Bumi Resources, will buy electricity at US$15cents per kWh for the first 8 years, starting from late 2012, and US$12.5cents per kWh subsequently. – Bloomberg

Bank Negara Indonesia (BBNI, Rp3,000)

Green-shoe shares priced at Rp2,900 a share
The government finally set the price for Bank Negara Indonesia's green-shoe shares at Rp2,900 a share. About 70% of the green-shoe shares will be released to domestic investors and the remaining 30% is offered to foreign investors. Four local pension funds have been the largest buyers, they are, pension funds of Bank Indonesia, Jamsostek, Perkebunan, as well as Pertamina. Meanwhile, the foreign investors that become the largest buyers of the lender's greenshoe stocks are Invesco Hong Kong Ltd and Fidelity Investment Ltd. The Minister of State Enterprises Mustafa Abubakar said the
price actually can reach Rp3,000 a share. But if the government offers higher price, then the foreign investors will be the most potential buyers. The government wants to prioritize the domestic investors for this divestment.
With the price set at Rp2,900 per share, the stocks will have 3.93x oversubscribed. Meanwhile, if the price is set at Rp3,000, the stocks will be 1.36x oversubscribed. – Bisnis Indonesia

Indocement Tunggal Prakarsa (INTP, Rp16,150)

Cirebon-based new cement mill completed
Indonesia’s second largest cement producer, Indocement Tunggal Prakarsa, said it had its new cement mill with capacity of 1.5mn tons in Cirebon, West Java, completed. It may operate the mill on August or at the latest after Aidil Fitri holidays. The company may also plan to start building a new cement plant on 2H10, local newspaper reported. Indocement may allocate US$75mn for capital expenditure in 2010, the report said citing the company’s Corporate Secretary Dani Handajani. – Bisnis Indonesia, Investor Daily

Aneka Tambang (ANTM, Rp2,100)

Antam may invest US$600mn for nickel projects State-owned multi mineral producer Aneka Tambang or Antam may prepare
US$600mn for initial stage of its nickel project in Halmahera, North Maluku, while the project may cost US$1.2bn in total, local newspaper reported without citing any source. Antam is yet to decide potential partner for such project, an unnamed source told local newspaper. – Investor Daily

Bumi Resources (BUMI, Rp1,660)

Mulling over 7% stake in Newmont Nusa Tenggara Bumi Resources via its joint venture Multi Daerah Bersaing may add 7%
stake in gold and copper mine Newmont Nusa Tenggara (NNT) as the company is still following the process of the share sales. NNT foreign shareholders had offered 7% divestment stake at US$444.08mn to the Government of Indonesia, higher than last year’s 7% divestment stake which worth US$246.8mn. – Investor Daily

Bank Negara Indonesia (BBNI, Rp3,000)

Green-shoe shares to be sold at Rp2,900 each The government will start offering 473.89mn green-shoe shares of Bank
Negara Indonesia this week helped by Bahana Securities, Mandiri Sekuritas, Danareksa Sekuritas, and MacQuairie. The shares will be offered at a minimum price of Rp2,900 each. – Bisnis Indonesia

Bank Mandiri (BMRI, Rp5,900)

To finalize the acquisition process of an insurance company Bank Mandiri will finalize the acquisition process of another insurance company this year. The bank has not disclosed the identity of the target. Currently, Bank Mandiri has 51% stake of a life insurance company AXA Mandiri Financial Services, a joint venture with AXA Financial. – Bisnis
Indonesia

Unilever Indonesia (UNVR, Rp16,600) , SMART (SMAR, Rp3,500)

Nestle, Unilever to hold off on buying CPO from Sinar Mas Group Nestle SA, the world's biggest food maker, and Unilever will hold off on resuming palm-oil purchases from Sinar Mas Group as they look at the Indonesian company's assertions that inspectors cleared it of destroying rainforests. Nestle will base any decision on buying Sinar Mas-produced palm oil on internal guidelines, the Vevey, Switzerland-based manufacturer said in a statement. Sinar Mas's Golden Agri-Resources, subsidiary company may win back Unilever as a customer if it seeks certification from Roundtable on Sustainable Palm Oil and gives planning details for any plantation development, the Anglo-Dutch company said separately. - Bloomberg

Capacity upgrade at Astra Daihatsu Motor may cost Rp1tn

Astra International (ASII, Rp48,750)

Conglomerate Astra International may spend Rp1tn in a bid to increase production capacity at its joint venture Astra Daihatsu Motor from 280k units to 400k units, local newspaper reported. This will be part of the group’s FY10 projected capital expenditure of Rp7.5tn-8.0tn, the report said. Capital expenditure for mining and United Tractor will be Rp4tn, agriculture will be Rp1.5tn, and the rest went for automotive, citing Chief Corporate Communication Arief Istanto. – Bisnis Indonesia

Free !!! Training Technical Analysis with AM-Clicks

Ingin belajar Technical Analysis , Trading Strategy

Ingin tau tentang Back Test , Signal Buy/Sell by candlestick, indicator dll ?

Kami mengadakan Seminar dan training gratis di :

PT AmCapital Indonesia
Online Division ( AmClicks )
Wisma GKBI LT 5 suite 515
Jl Jend Sudirman No 28
Jakarta 10210

Setiap hari Senin - Jumat dari jam 12.00 - 14.00
Sabtu dari jam 10.00 - 13.00

hubungi : Erwin, Hulwen dan Fauzia di 021 5795 7000

Newmont Nusa Tenggara's production unaffected as strike escalates , Bumi Resources (BUMI, Rp1,720)

Newmont Mining Corp., the U.S. largest gold producer, said production at its Batu  Hijau-based  gold and copper mines of Newmont Nusa Tenggara in Indonesia remained unaffected even as more workers joined a strike. About 500  employees  stopped work on the second day of the strike, Kasan Mulyono, a spokesman at Newmont Nusa Tenggara, said. As many as 300 workers had downed tools at midnight two days ago. The workers are planning to strike until Aug. 10, he said. “Newmont and the workers have yet to resume talks and we’re trying to seek alternative  solutions  to  settle  the overtime issue,” Mulyono said, without elaborating. An update on  the strike will be released later, he added. Newmont Nusa Tenggara is partly owned by a  venture  belonging to Bumi Resources and three local administrations in West Nusa Tenggara. – Bloomberg

Seeking partnership with CIC, TB Bukit Asam (PTBA, Rp16,300)

State-owned coal miner TB Bukit Asam said it may  seek  opportunity  from China Investment Corporation (CIC) in financing several projects, particularly in Muara Enim, South Sumatera the local newspaper reported citing Minister of State-Owned Enterprises Mustafa Abubakar saying CIC may invest US$2bn  in three state-owned companies, including TB Bukit Asam. However, the company is yet to meet CIC to negotiate such cooperation. TB Bukit  Asam  currently  has  US$1.5bn railways project of Bukit Asam Transpacific Railways that may need financings from China-based banks, the report said. – Investor Daily

Berau Coal Energy (Non Listed)

IPO price may be set at Rp400, borrowed US$400mn from seven banks  The shares of Berau Coal Energy, the holding company that controls Berau Coal,  may  be  floated at the highest price range of between Rp300 and Rp400  per  share following high local demand, local newspaper reported. There  has  been  oversubscription of four times at the strike price (for local investors), citing Vicky Ganda Saputra, an official at Danatama Makmur, the securities  company  that  underwrites the IPO of Berau Coal Energy. Separately,  Bloomberg news reported that Berau Coal Energy borrowed US$400mn  from  seven banks to refinance debt, according to a person familiar with the matter. The facility comprises a US$300mn  term  loan with an average life of 2.65 years and a US$100mn term loan with an average life
of 4.5  years,  the person  said, asking not to be identified as the details are private. The US$300mn loan pays an all-in fee of 475 basis points more than the London  interbank offered rate while the US$100mn loan pays 575 basis points,  the  person  said.  Credit Suisse Group AG led the transaction and contributing lenders included Bank of Tokyo-Mitsubishi UFJ Ltd.,  China Development  Bank  Corp.,  Erste  Group Bank AG, WestLB AG, Indonesia Eximbank and ICICI Bank Ltd., the person said.  –  Bisnis  Indonesia, Bloomberg

Telkom and Elnusa offered Patrakom stakes to Sinarmas

Telkom (TLKM, Rp8,400)
Elnusa (ELSA, Rp345)
Telkom  and  Elnusa offered their combined 80% stake in Patra Telekomunikasi Indonesia or Patrakom to Tanjung  Mustika,  a  company
owned  by Sinarmas group, local newspaper reported. Tanjung Mustika owned 20% stake in Patrakom. The offer will lapse by the end of this week, the  report  said. If Tanjung Mustika decided not to buy the shares, the companies may tender Patrakom shares to interested investors. Patrakom provides  telecommunication network services in the form of data communication, visual, video, and multimedia. – Investor Daily
 

Newmont's gold mine workers in Indonesia started strike , Bumi Resources (BUMI, Rp1,730)

Workers at the Newmont Nusa Tenggara, the Indonesia-based subsidiary of Newmont Mining Corp., the largest U.S. gold producer, began a strike at the Batu Hijau gold and copper mine.  Production  at  the  mine,  Indonesia’s second-largest  copper producer, hasn’t been affected by the strike which began at midnight when about 200 to  300  workers  downed  tools,  Kasan Mulyono, a spokesman at Newmont Nusa Tenggara, said. The company  is responsible for the direct employment of more than 7,000 people, according to its website. Workers planned to stop work for nine days, local newspaper Investor Daily Indonesia reported July 30, citing Zaenuddin Wanden, deputy
head of  the workers union. The strike came after Newmont Nusa Tenggara said it would take legal action against a  ruling  by  the manpower  office  of West  Nusa  Tenggara  province  ordering the company to pay Rp126bn (US$14.1mn) of overtime covering the period from June 2008 to June 2010, the local newspaper Investor Daily said. Newmont Nusa Tenggara  is partly owned by a venture belonging to PT Bumi Resources and  three  local administrations in West Nusa Tenggara. – Bloomberg, Investor Daily

Another oil discovery in Libya , Medco Energi Internasional (MEDC, Rp3,000)

Oil and gas Medco Energi announced another oil discovery in Area 47 Block, Libya, in exploration well 01-47/02 in the Memouniat and  Lower  Acascus formations. The oil reserves at these two formations flowed at the  rate  of between  1,388  and  2,066  barrel per day with gas flowed at the rate of between 0.55 and 2.36 mmscfd, President Director Darmoyo Doyoatmojo said. The discovery is important as this proved that the  Memouniat  and Lower  Acascus  formations had potential of large crude oil reserves in the northern part of Area 47, citing Darmoyo.  This marked the 15th discovery in the block since September 2006, the report said. – Investor Daily

Bumi Resources (BUMI, Rp1,720) ,Floating of Pendopo Energy Batubara shares

Bisnis Indonesia , Bakrie group may float Pendopo Energy  Batubara  by  end-2011  in  Hong Kong Stock Exchange, an unnamed executive  told  local  newspaper.  The value is being calculated, but the target is big because the IPO proceeds will be used for production development, the source said. The shares  listing  in Hong Kong may be due to regulation in Indonesia did not allow, as Pendopo is yet to commence production, the source added. Bumi Resources acquired 84% stake in Pendopo, the report said.
 

When the Corn Price Getting Softer, Setting-Up Nice Dividends for JPFA and CPIN

Kekhawatiran terhadap deflasi dan pertumbuhan ekonomi yang melambat menghantui bursa U.S, Dow (-0.3%) dan S&P 500 (-0.4%). Penurunan Initial Claim (act 457k Vs cons 464k) yang tidak signifkan juga tidak menolong bursa U.S. Investor masih menunggu cemas data U.S GDP Q2 2010. Tingginya angka pengangguran Jepang dan menurunnya industrial production selama Juni membawa Bursa Asia dibuka negatif, Australia ASX (-0.68%), Nikkei 225 (-1.2%), Kospi (-0.59%) dan Taiwan TAIEX (-0.58%). Yield SUN bertenor 10 tahun kembali turun (8.1%), memicu arus kapital masuk dan mendorong IHSG kembali di teritori positif.

Petani jagung U.S telah menikmati panen yang luar bias

a tahun ini, berpotensi untuk menghasilkan supply berkelebihan. Akibatnya harga jagung per bushel turun dibanding tahun kemarin. Harga jagung sempat menyentuh harga tertinggi di 2008, $7.50/bushel dan YTD berkisar hanya $3.75/bushel (2-yr Lo). Didalam produksi poultry feed, bahan mentah merupakan 90% dari cost produksi. 1 kg untuk poultry feed, ½ nya dari jagung dan sisanya dari soybean. Jadi, harga jagung sangat kritikal untuk biaya produksi JPFA. Tertekannya harga jagung di pasar dunia dan menguatnya rupiah, memungkinkan JPFA dan CPIN untuk menekan opex dan menorehkan profit margin yang meroket. katalis positif bagi JPFA dan CPIN. JPFA dan CPIN mempunyai ROE (29.3% & 52.97 %)dan ROIC (21.5% dan 51.21%) relatif tinggi. Dengan margin yang semakin meningkat, JPFA diperkirakan mampu membayar dividend pertama kali sejak 1997. Dari segi valuasi, JPFA PER 2010 4.8x lebih atraktif di banding  CPIN PER 2010 6.6x.

Bank Mandiri: To be one of the most profitable banks

We re-initiate our coverage on Bank Mandiri (Mandiri),  Indonesia’s largest state-owned bank in terms of assets, with a  BUY
recommendation. Our 12-month fair value of  Rp7,000/share  is derived from a Gordon Growth  Model  assuming  cost-of-equity  of
14.5% and ROE of 24%. It represents  FY11F  PER  and  PBV  of 14.2x and 3.2x, respectively.  We believe the bank will  enjoy
significant improvement in profitability level in the foreseeable future - narrowing the gap with closest peers’ profitability level. We expect
its ROE to reach 24.6% in 2012. The profitability improvement, we believe, is supported by absence of massive provisions, net interest
margin  (NIM) expansion, strong fee-based income growth, and possible tax rate reduction on a rights issue plan.

Sosialisasi Konvergensi PSAK ke IFRS untuk Perusahaan Efek, Manajer Investasi, dan Bank Kustodian

Pada tanggal 28 Juli 2010, PT Bursa Efek Indonesia (BEI) bekerja sama dengan Bapepam-LK, PT Kustodian Sentral Efek Indonesia (KSEI) dan PT Kliring Penjaminan Efek Indonesia (KPEI) mengadakan acara Sosialisasi Konvergensi PSAK ke IFRS untuk Perusahaan Efek, Manajer Investasi, dan Bank Kustodian. Acara tersebut dihadiri 300 perwakilan dari Perusahaan Efek, Manajer Investasi dan Bank Kustodian.

Kegiatan yang mengambil tema Sosialisasi Konvergensi PSAK ke IFRS ini bertujuan untuk mensosialisasikan ketentuan PSAK yang baru. Bertindak sebagai pembicara dalam acara tersebut adalah:

1. Ibu Etty Retno Wulandari, Bapepam-LK
2. Bapak Dudi M. Kurniawan, IAI
3. Bapak Hendang Tanusdjaja, IAI

Tampak dalam gambar Bapak Robinson Simbolon, Kabiro Perundang-Undangan dan Bantuan Hukum, Bapepam - LK bertindak sebagai keynote speaker dalam acara Sosialisasi Konvergensi PSAK ke IFRS untuk Perusahaan Efek, Manajer Investasi, dan Bank Kustodian di Hotel Ritz Carlton, Jakarta, tanggal 28 Juli 2010.

Cancels foreign subdebt, 1H10 net income surged 61% yoy

Bank Negara Indonesia cancelled the option to issue US$300mn
subordinated debt (subdebt) and may choose the right issue option. The
right issue plan is getting closer to realization. The privatization committee
has approved the plan and it is just waiting the approval from the House of
Representatives. The process is expected to be completed this semester.
Meanwhile, the bank reported net income of Rp1.93tn in 1H10, 61% higher
compared to the same period a year ago, boosted mainly by the asset
recovery during the first six months in 2010. Net interest income rose slightly
10% yoy to Rp6.13tn from Rp5.60tn at the same period last year. – Bisnis
Indonesia

Risk of Double Dips Recession Looming in the U.S, Thee Shall not Fear Debt

U.S Treasury Yield bertenor 10 tahun turun ke 2.98%, terendah sepanjang empat tahun terakhir. Rendahnya yield tidak mencerminkan solidnya prospek ekonomi US, melainkan sebaliknya, rapuh. Hanya 590,000 pekerjaan yang dihasilkan selama 6 bulan pertama, bandingkan dengan jumlah pekerjaan yang hilang sebesar 9.5 juta selama resesi. Pendek kata, sulit untuk mendapatkan pertumbuhan ekonomi tinggi tanpa ada kemajuan dalam angka pengangguran U.S. Sementara pengetatan budget di Zona Eropa membuat pertumbuhan ekonomi Euro zone nyaris mendekati nol. Akibatnya Bursa Asia pagi ini dibuka melemah, Australia ASX (-0.68%), Nikkei 225 (-1.81%), dan Kospi (-1.3%). Namun Rendahnya tingkat hutang rumah tangga (household debt) akan mencegah Indonesia dari double dips yang mungkin bisa terjadi di U.S dan Eropa.

Rasio consumer lending to GDP di Indonesia relatif rendah (8%), sementara kredit properti hanya mencakup 2.4% dari total GDP. Rendahnya ratio hutang tersebut membantu mencegah krisis keuangan global dan membantu pertumbuhan kredit baik pada sektor retail maupun properti . Dengan dipertahankannya BI rate pada angka 6.5% selama 12 bulan berturut-turut, pertumbuhan kredit sektor konsumen akan terbantu secara signifikan. Hal ini juga ditopang oleh menguatnya Indeks Keyakinan Konsumen (IKK) Bank Indonesia pada bulan Juni yang meningkat 1,5 poin ke level 111.4 dibanding bulan sebelumnya. Kenaikan ekspektasi konsumen terhadap kondisi perekonomian 6 bulan mendatang yang didukung oleh membaiknya beberapa indikator ekonomi juga ikut mendorong kenaikan IKK. Katalis positif untuk sektor perbankan seperti BBRI, BMRI, BBTN dan sektor retail seperti INDF, KLBF, RALS dan ASII.

Penjualan mobil China selama Juni 10.9% (MoM) dibandingkan bulan Mei (25% MoM). Melambannya industri automotif, akan diiringi oleh lemahnya permintaan baja serta permintaan batubara dan nickel. Untuk sementara ini kami masih bearish terhadap komoditas, sampai kami melihat jelas apakah China mengalami soft landing yang memang sangat diperlukan untuk meredam tingginya inflasi di sektor properti dan upah tenaga kerja. Namun secara jangka panjang kami masih bullish terhadap komoditas.