Euro Lowest Score in 13 Months
Forex April 18th, 2010
Value of the euro against the dollar to fall to lowest level in 13 months. In Asian trading today, the euro traded 0.9 percent lower to $ 1, 3642, after the last for 13 months in the range of numbers USD1, 3610.
While the dollar index, which is an indicator of the strength of the dollar against six major currencies the world, reaching the highest in 13 months to 81.159.
Attenuation is due to changes in investor focus to banking problems in Europe. Investors are also wondering if there will be a bailout policy (bailout) as done in the United States.
As is known, on Friday last week the U.S. House of Representatives passed a funding package of USD700 billion rescue for the financial sector in the country. This step provides an opportunity for the U.S. Treasury to buy illiquid assets from banks and credit flows are expected to be flowing again.
“Euro currently under selling pressure due to disappointment, after Europe failed to follow a policy of bailouts in the United States,” said a currency trader in Japan was quoted by The Guardian, Monday (6/10/2008).
“There are hopes the bailout plan does the same, causing frustration for the European banking sector,” he said.
Yen Menguat
Japanese investors prefer to be preached to sell the euro and Australian dollar and buying yen. Action investors helped push the single currency of Europe was plunged to its lowest for 13 months against the dollar.
The yen climbed to reach the highest number since May 2006 against the euro and Australian dollar. The Japanese currency climbed to 142.97 against the euro in opening trade. At last week’s trading, the yen closed at 145.10 against the euro rate.
While the Australian dollar, the yen rose to 80.72, better than the close of trade on Friday last week the number 81.67
Global Gold Demand Down 34%
Gold Iinvesting April 18th, 2010
Gold Demand on third quarter fell 34 percent purchasing power triggered by the weakness in key markets Middle East and India. However, the price of gold in the last two weeks continue to soar.
World Gold Council (WGC) reported yesterday, the decline was caused by lack of jewelry shopping at WGC utama.Menurut markets, increase demand for the period July to September only occur in greater China,, China, Hong Kong, and Taiwan, by 10 percent or equivalent to 128 , 6 tons. While the types of diamond jewelry rose seven percent. “Outlook for gold investment with a positive overall level of demand will still be improved, supported by continued economic growth.
Uncertainty of currency exchange rates and inflation have been encouraging the diversification, “said Chief Executive Aram Shishmanian WGC said in a statement yesterday. According to the investment research manager of WGC Rozanna Wozniak, despite the three-month period of declining gold demand, speculation on the price of gold in the long term remains high. “For most of last year, the purchase was dependent physical. Now, buyers seem more oriented to the financial markets in which some people less visible in the derivatives market, futures, or transactions over-the-counter (OTC), “said Wozniak.
He added that the strengthening gold price recently because of the good news of central banks and the decline in U.S. dollar exchange rate. “That resulted in the potential of gold demand in the future,” he said. Announcements purchase 200 tons of gold by Central Bank of India is considered as a trigger soaring gold prices since the beginning of November this lalu.Kondisi then regarded as the momentum buying that pushed prices to the highest level prices.
In addition, gold prices also pushed consumer menjauhnya of other metal commodities. Consumers and central banks prefer to buy gold as a diversification of the portfolio. Based on its territory, gold jewelry demand in India in the third-quarter 2009 fell 42 percent to 116.6 tonnes compared to only the previous quarter. However, that number edged up from the lowest level earlier this year. In retail markets, gold sales in India are also down 67 percent to only 26 tons in July-September period.
While in the Middle East, gold buying activity in the same quarter fell 34% to only 69 tons. The increase in demand in China is expected to reach double digits as the impact of their economic improvement in the middle of a crisis. “China market is set for some time, so consumers there is still much to collect the gold,” said Wozniak. Meanwhile, yesterday’s gold price could reach record highs in the level of USD1.150 per ounce.
However, in the afternoon trading back down to the level of USD144, 7 after the U.S. dollar strengthened prices, rising consumer prices triggered the U.S. and encourage inflation. Since early 2009, the price of gold has increased about 30 percent. “Outlook for the future of gold is still strong. Although still will fluctuate, is expected to be transparent USD1.120 per ons.Tidak will ever be changed unless the strengthening U.S. economic data, making the U.S. central bank to change interest rates,” said Deputy General Manager of Broker Commodity Okato Shoji Co’s Kename Gokon.
Another analyst, director of ETF Securities New Zealand and Australia, Nigel Phelan, said that the rally in gold prices triggered by the announcement this month the International Monetary Fund (IMF) who sold the gold to the Central Bank of India as much as 200 tons. “A lot of markets participate after seeing the sale of gold to central banks, including China, Russia and lainnya.Mereka the central bank will increase gold reserves as a diversification strategy to prevent the dollar volatility,” said Phelan.
“Gold is viewed as one of the main alternative to currencies other than holding. The price of gold has also been a key barometer of investor confidence in government policy,” he said
Toll-Pejagan Kanji ELTY Jack Shares
Stock Report April 18th, 2010
At the end of this January 2010, PT Bakrieland Development Tbk (ELTY) will operate a full segment of his new toll-Pejagan Kanci. With the operation of this highway segment, estimated to be up the price of shares.
According to President Director & CEO ELTY Hiramsyah S Thaib in his written statement in Jakarta, Monday (1/11/2010), with the operation of toll roads-Pejagan Kanci will provide additional revenue for the company.
“We schedule in the near future toll roads by the government will be inaugurated. Operation of this highway segment of course will also provide added value for the stock Bakrieland as investment instruments,” he said.
Just to remind, highway Kanci long-Pejagan 35 kilometers (km) is one of the five segments of toll that will be developed ELTY subsidiary, PT Bakrie Toll Road (BTR).
Investments in which the construction of this highway segment reached Rp2, 2 trillion. And with over operation of the toll segment, the company also plans to develop local economic areas, including in a number of other segments of toll concession company managed.
Four other toll segments under cultivation is a segment ELTY Pejagan toll-Pemalang, Ciawi-Sukabumi, Batang-Semarang, and Pasuruan, Probolinggo.
Seen, as one of the shares of Bakrie group dominant in the stock market, stock prices climb ELTY successful registration equivalent to Rp42, or 21.76 per cent to as low as Rp235 per share during the first week of 2010.
At the close of trading December 30, 2009, the price ELTY still at the level of USD 193. In fact, in the first week of 2010, shares ELTY included in the ranks stocks with the highest transaction volume in the Indonesia Stock Exchange (BEI), ie as much as 2.314 billion shares
Transaction volume was equal to the volume of transactions PT Bakrie Telecom Tbk (BTEL) as much as 3.76 billion shares, PT Bakrie & Brothers Tbk (BNBR) of 3.645 billion shares, PT Bumi Resources Tbk (BUMI) of 2.467 billion shares and PT Energi Mega Persada Tbk (ENRG) of 1.344 billion shares.
He further, ELTY stock performance is supported by fundamental factors. Where the positive sentiments coming from the property sector is predicted to grow by 10 percent in 2010.
In addition, the company also has plans to make share repurchase (buy back) in the near future. Where the company provided funds reached Rp510 billion to buy back shares.
Telkom Sabet Five Award from Finance Asia
Finance April 18th, 2010
Based on the results of a poll conducted Finance Asia magazine in Hong Kong, the red plate telecommunications company PT Telekomunikasi Indonesia Tbk (TLKM) sabet five awards directly to the category Best Managed Company, Best Corporate Governance, Best Investor Relations, Best Corporate Social Responsibilty, Most Committed to a Strong Dividend Policy.
“Of course, we can be proud of the award-winning Telkom from international reputable institutions such as the Finance Asia. We believe this achievement is the fruit of hard work from all management and employees of Telkom,” said Vice President of Public and Marketing Communication Telkom, Eddy Kurnia in a press release Legal accepted, Sunday (5/7/2009).
Earlier, Finance Asia in 2006 has given a similar award to Telkom for Best Managed Company, Best Corporate Governance, Best Investor Relations, Best Commitment to Strong Dividends, and Best Chief Financial Officer (CFO) is attributed to the Rinaldi Firmansyah (now Director of Telkom ).
For Telkom, this award will be hyper spirit and motivation of the whole range of Telkom to continue doing the best that can keep in the years to come.
Overall, Polls conducted in 10 (ten countries) include China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand involving approximately 250 investors and analysts. For each country, there are seven categories given the Best Managed Company, Best Corporate Governance, Best Investor Relations, Best CSR, a Most Committed to Strong Dividend Policy, Best Mid Cap and Small Cap Best.
Barriers removed, Investment Could Grow 4.1%
Portfolio April 12th, 2010
world economic recovery in 2010 will also affect the growth of domestic investment that is expected to grow by 4.1 percent. However, predictions of growth rate of investment portfolio and direct investment will be different.
For the investment portfolio will be relatively high growth does not differ greatly with the year 2009. However, for direct investment, although the election has passed, the global economic situation in the country and still be vulnerable in 2010, “said Hendri Saparini Econit economist, in a book Econit Economic Outlook 2010 Legal quoted, in Jakarta, Saturday (16/1/2010 ).
On the other hand, already since the last five years there was no significant improvement in the investment climate so that the predicted foreign investors would return choose to hold direct investment. Last year foreign investment (FDI) it will experience negative growth of 28 percent while domestic investment (PMDN) will remain positive.
“2010 investment barriers are quite a lot. In addition to infrastructure facilities are not adequate, nor the existence of legal certainty and corruption that resulted in a high cost economy, “he added.
Entering the year 2010, the government of SBY very confident, that positive growth is the government’s achievements in managing the economy. So that will be a big capital to promote economic growth in 2010. Even the mention of economic growth in 2010 is not only encouraged but also private consumption growth of investment.
Thus, optimism for the targets will be achieved based on the strategy of ministers in the United Indonesia Cabinet II to eliminate the problem of investment barriers in Indonesia.
