Market News

ELTY
Bakrieland Development Tbk PT (ELTY) currently preparing options for mendivestasi 49% ownership in sahamnya Bakrie Toll Road. Divestment will be done after the segment Kanci - Pejagang owned by the company's toll operations in July 2009 to come. Therefore, at this time ELTY middle explore strategic capitalist who has the ability to develop infrastructure.

CPO
Stockpiles declined 13 per cent to 1.36 million metric tons, the lowest level since July 2007, according to figures from the nation’s palm oil board released on April 10.

China
Beijing. China steps to dissociate themselves from the electrical current crisis seems to start fruit. People Bank of China said, banking on the credit of the country continues to improve. In addition, the amount of money supply was increased to achieve the record.

Purchase of shares of PT Newmont Nusa Tenggara
Menkeu while Plt Coordinating Minister for Economy Sri Mulyani lead the meeting discussed the purchase of shares of PT Newmont Nusa Tenggara (NNT), Monday (13 / 4). Meeting started at 17.00 WIB in the Coordinating Minister for Economic Building was attended among others by Director General of the State Property Ministry of Finance Hadiyanto, Directorate General of Budget, and Deputy Ani Rahmawati Meneg BUMNs Pertambangan Sahala Hutagaol field.

Coal
There are plenty of Coals available for sale locally and just closed a deal for 5500 kal for 35 dollar per tonnes and 55 dollar for 62kal apparently according to him DMO has make the local supply abundant and the demise of local and small coal minings. local power plant is stuffed with coals adaro, kpc is selling coal at very "competitive price". The good news is with current low price. Indonesian coal is becoming very competitive even cheaper than china coal.
So what this telling us... (source)
1. PTBA is saved.. since they always sell domestically and locked the price so downside is limited
2. ITMG is the most vunerable.. since their contracted price is too high and very prone for renegotiations.. plus the market expectation of ITMG is too high.

JSMR
PT Jasa Marga Tbk (JSMR) began looking for strategic partners to develop business in the optical fiber cable along the road toll Cikampek-Purwakarta-Padalarang (Cipularang) to Bandung. Expected strategic partner search process can be completed as soon as possible so that the second semseter can already running.