>>MSCI – Two additions to MSCI Indonesia: Charoen Pokphand Indonesia (CPIN) and Kalbe Farma (KLBF). Estimated buying volume for CPIN is 43.5mn shares, for KLBF is 133mn shares.>>>
"إِنَّا مَكَّنَّا لَهُۥ فِى ٱلْأَرْضِ وَءَاتَيْنَهُ مِن كُلِّ شَىْءٍۢ سَبَبًۭا فَأَتْبَعَ سَبَبًا Sesungguhnya Kami telah memberi kekuasaan kepadanya di (muka) bumi, dan Kami telah memberikan kepadanya jalan (untuk mencapai) segala sesuatu, maka diapun menempuh suatu jalan." (QS. AL KAHFI:84-85)
>> Saham Agung Podomoro Dilepas Rp365 per Unit >>> INDY: After mkt close the major shareholders placed out a USD 200m block of stock, or about 10% of cap at 3675 (range 3600-3725) at a 5.7% discount. The placement was said to be 3X subscribed to.

My Family

Minggu, 18 April 2010

DBS United Tractors: Hold; Rp19,200; TP Rp12.695; UNTR IJ

1Q10 Heavy equipment sales up 93.95%

United Tractors sold 1,218 unit of heavy equipment in 1Q10 or increased by 93.9%yoy from only 628 units in the same period last year. It represents 32% of our full year sales volume of 3,785 units. Strong demand came from mining and plantation sectors. For the full year, the company expects 28.5%yoy growth in heavy equipment sales to 4,000 units. This year, the company plans to spend up to US$400m capital expenditure to buy heavy equipment and to finance the acquisition of new coal mining.

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