Wednesday, August 11, 2010

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

Friday, August 6, 2010

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

Thursday, August 5, 2010

Free !!! Training Technical Analysis with AM-Clicks

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

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hubungi : Erwin, Hulwen dan Fauzia di 021 5795 7000


Wednesday, August 4, 2010

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

Tuesday, August 3, 2010

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