GDP China
China posted its slowest ever quarterly growth in a signal of the frailty of the global economy. Economy grew a slower-than-expected 6.1 percent in the first quarter.
The Fed
The Federal Reserve’s Beige Book, based on observations from March through April 6, reported that overall economic activity remained weak and contracted further in some cases.
INDF
Rumors, PT Indofood Sukses Makmur Tbk (INDF) had plans to start exploring Initial Public Offering (IPO) Bogasari. In addition, the estimated first quarter 2009 profit company that predicted an increase of 15%. The growth of sales in 2009 of PT Indofood Sukses Makmur Tbk (INDF) also predicted increased. With the strengthening of the rupiah exchange rate of loss will be lower when compared to 2008 and the company will have incentives PPh because the number of free float above 40%.
Wheat
Wheat prices rose for the first time in three days on signs that freeze damage to winter crops in parts of Oklahoma and southwest Kansas was worse than estimated. Temperatures in the region fell below 20 degrees Fahrenheit (minus 7 Celsius) on April 6 and April 7, government data show. The freeze probably harmed plants as they were beginning to produce grain
TIN
Tin climbed $150, or 1.3 percent, to $11,500 a ton. A close at that price would be the highest since Jan. 27. The amount of the metal scheduled to be withdrawn from LME-monitored warehouses more than doubled to 835 tons, exchange data today showed. Increases in so-called canceled warrants may indicate stronger demand.
Nickel
Nickel declined $50, or 0.4 percent, to $12,450 a ton. Inventories rose for the first time since April 7, climbing 84 tons to 105,348 tons.
Elnusa
State of the Ministry of State Owned (BUMN) to encourage PT Pertamina to increase the portion of shares of PT Elnusa Tbk (Elsa) during action against the corporation is profitable takeovers.
Tampilkan postingan dengan label Market News. Tampilkan semua postingan
Tampilkan postingan dengan label Market News. Tampilkan semua postingan
Jumat, 17 April 2009
Kamis, 16 April 2009
Market News
CPO
Exports of Malaysian palm oil products for April 1-15 rose 3.7 per cent to 613,677 tonnes from 591,567 tonnes shipped between March 1 and 15, cargo surveyor Intertek Testing Services said today. - Reuters
Nickel
Among other industrial metals, steel making ingredient nickel
MNI3 closed at $12,500 -- its highest since early January --
from $11,850 the day before.
TIN
Tin MSN3 ended at $11,350 from $11,000. It earlier hit a
day's high of $11,430 -- its highest since early February.
Wheat
Wheat fell for the sixth time in seven sessions on signs of increased competition for U.S. grain from Russia and Ukraine’s Black Sea ports.
TLKM
PT Telekomunikasi Indonesia Tbk (Telkom) expects dividend deposit year 2008 could be down 50 percent compared to last year which reached 70 percent.
Therefore it is presented by the Director of Telkom Rinaldi Firmansyah Main Office in the State Ministry of State Owned (BUMN), Garuda Building, Medan Merdeka Selatan, Jakarta, Wednesday
ACES
Aces Hardware Tbk PT (Aces) akan share cash dividend for the year 2008 of Rp 7.6 per shares. The company net profit for the year 2008 reached Rp 130 billion and sales reached Rp 1.28 trillion. Previously, for the year 2007, the Aces share dividend of Rp 3.4 per share.
Exports of Malaysian palm oil products for April 1-15 rose 3.7 per cent to 613,677 tonnes from 591,567 tonnes shipped between March 1 and 15, cargo surveyor Intertek Testing Services said today. - Reuters
Nickel
Among other industrial metals, steel making ingredient nickel
MNI3 closed at $12,500 -- its highest since early January --
from $11,850 the day before.
TIN
Tin MSN3 ended at $11,350 from $11,000. It earlier hit a
day's high of $11,430 -- its highest since early February.
Wheat
Wheat fell for the sixth time in seven sessions on signs of increased competition for U.S. grain from Russia and Ukraine’s Black Sea ports.
TLKM
PT Telekomunikasi Indonesia Tbk (Telkom) expects dividend deposit year 2008 could be down 50 percent compared to last year which reached 70 percent.
Therefore it is presented by the Director of Telkom Rinaldi Firmansyah Main Office in the State Ministry of State Owned (BUMN), Garuda Building, Medan Merdeka Selatan, Jakarta, Wednesday
ACES
Aces Hardware Tbk PT (Aces) akan share cash dividend for the year 2008 of Rp 7.6 per shares. The company net profit for the year 2008 reached Rp 130 billion and sales reached Rp 1.28 trillion. Previously, for the year 2007, the Aces share dividend of Rp 3.4 per share.
Rabu, 15 April 2009
Market News
CPO
Cargo surveyor Intertek Testing Services announced exports in the first 10 days of April rose eight per cent to 399,703 tonnes from 369,265 tonnes shipped during the same period last month. Another cargo surveyor Societe Generale de Surveillance reported exports for the same period jumped just 3.7 per cent to 391,223. The April inventory was expected to be below 1.2 million tonnes against 1.36 million tonnes recorded last month.
Nickel
LME nickel MNI3 closed at $11,850 from $11,040, having surged to $11,750 and touching its highest since early February. "You haven't seen any fresh fundamental news flow supporting prices," said Sudakshina Unnikrishna, and analyst at Barclays Capital on nickel.
Tin
Tin MSN3 was last bid at $11,000 a tonne from $10,995. Canceled warrants for tin were at 945 tonnes, up from 650 tonnes last week, while LME inventories rose 135 tonnes to 12,070 tonnes.
WIKA
Jakarta - PT Wijaya Karya Tbk (WIKA) targeting new acquisition contract of Rp 9,394 trillion in 2009. Company's focus on pursuing the government rather than private sector projects. "This year we target a new contract of Rp 9,394 trillion," said Director WIKA, Stars Perbowo in shelf building in WIKA, Jl DI Panjaitan, Jakarta, Selasa (14/4/2009).
WIKA & PLN
This year, PT PLN (Persero) menggandeng PT Wijaya Karya Tbk (WIKA) to become a supplier of coal to several power plant. "We will supply coal to PLN for 5 years," said Director of Operations WIKA Slamet Maryono, after public exposure event in Jakarta on Tuesday (14 / 4). The value of investment for the project to reach Rp 1.9 trillion, with the details of 520 thousand metric tons per year.
IDR
SINGAPORE. According to Barclays Capital, Indonesian rupiah have strong possibility to strongest level against dollar in six months. This triggered the improvement of the global economy so that encourage foreign investors to buy assets in Indonesia. "Scenario base so we can encourage the entrance capital flows to Indonesia."
Cargo surveyor Intertek Testing Services announced exports in the first 10 days of April rose eight per cent to 399,703 tonnes from 369,265 tonnes shipped during the same period last month. Another cargo surveyor Societe Generale de Surveillance reported exports for the same period jumped just 3.7 per cent to 391,223. The April inventory was expected to be below 1.2 million tonnes against 1.36 million tonnes recorded last month.
Nickel
LME nickel MNI3 closed at $11,850 from $11,040, having surged to $11,750 and touching its highest since early February. "You haven't seen any fresh fundamental news flow supporting prices," said Sudakshina Unnikrishna, and analyst at Barclays Capital on nickel.
Tin
Tin MSN3 was last bid at $11,000 a tonne from $10,995. Canceled warrants for tin were at 945 tonnes, up from 650 tonnes last week, while LME inventories rose 135 tonnes to 12,070 tonnes.
WIKA
Jakarta - PT Wijaya Karya Tbk (WIKA) targeting new acquisition contract of Rp 9,394 trillion in 2009. Company's focus on pursuing the government rather than private sector projects. "This year we target a new contract of Rp 9,394 trillion," said Director WIKA, Stars Perbowo in shelf building in WIKA, Jl DI Panjaitan, Jakarta, Selasa (14/4/2009).
WIKA & PLN
This year, PT PLN (Persero) menggandeng PT Wijaya Karya Tbk (WIKA) to become a supplier of coal to several power plant. "We will supply coal to PLN for 5 years," said Director of Operations WIKA Slamet Maryono, after public exposure event in Jakarta on Tuesday (14 / 4). The value of investment for the project to reach Rp 1.9 trillion, with the details of 520 thousand metric tons per year.
IDR
SINGAPORE. According to Barclays Capital, Indonesian rupiah have strong possibility to strongest level against dollar in six months. This triggered the improvement of the global economy so that encourage foreign investors to buy assets in Indonesia. "Scenario base so we can encourage the entrance capital flows to Indonesia."
Selasa, 14 April 2009
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.
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.
Senin, 13 April 2009
Market News
Nickel
Vale, the world’s second-biggest nickel producer, jumped 5 percent to 29.70 reais. Demand for nickel in China, the world’s biggest user, may climb 14 percent this year as low prices encourage stainless-steel producers to use more
Pulp & Paper
Votorantim Celulose & Papel SA, which is taking over Aracruz Celulose SA to form the world’s biggest supplier to paper companies, was reiterated at “overweight” at Morgan Stanley on the prospect that it will reduce debt in the coming years and benefit from a recovery in pulp prices in 2010. Clearwater Paper Corp.The maker of pulp and paperboard was raised to “buy” from “neutral”. NBSK markets may have bottomed supported by lower inventory and increased demand from Asia
Bank
Bank Indonesia (BI) intend loosen regulations on credit problems or non-performing loan (NPL). The goal is accelerating growth in the banking credit crisis.
Crude Oil
Crude oil rose more than $2 a barrel as equities gained, signaling that some investors expect economies to stabilize, bolstering energy demand. Iran will support Oil to $70/barel
Palm Oil
palm oil stock is going to be lower than expected. The stock is expected to be lower than 1.4 million tonnes, which fuelled sentiment of a possible a squeeze in global vegetable oil supply
Coal
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same month a year earlier. The terminal on South Africa’s northeast coast shipped 4.85 million metric tons of the fuel, up from 4.62 million tons
Vale, the world’s second-biggest nickel producer, jumped 5 percent to 29.70 reais. Demand for nickel in China, the world’s biggest user, may climb 14 percent this year as low prices encourage stainless-steel producers to use more
Pulp & Paper
Votorantim Celulose & Papel SA, which is taking over Aracruz Celulose SA to form the world’s biggest supplier to paper companies, was reiterated at “overweight” at Morgan Stanley on the prospect that it will reduce debt in the coming years and benefit from a recovery in pulp prices in 2010. Clearwater Paper Corp.The maker of pulp and paperboard was raised to “buy” from “neutral”. NBSK markets may have bottomed supported by lower inventory and increased demand from Asia
Bank
Bank Indonesia (BI) intend loosen regulations on credit problems or non-performing loan (NPL). The goal is accelerating growth in the banking credit crisis.
Crude Oil
Crude oil rose more than $2 a barrel as equities gained, signaling that some investors expect economies to stabilize, bolstering energy demand. Iran will support Oil to $70/barel
Palm Oil
palm oil stock is going to be lower than expected. The stock is expected to be lower than 1.4 million tonnes, which fuelled sentiment of a possible a squeeze in global vegetable oil supply
Coal
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same month a year earlier. The terminal on South Africa’s northeast coast shipped 4.85 million metric tons of the fuel, up from 4.62 million tons
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