Crude Oil Still So Critical Currency
Forex May 3rd, 2010
Crude oil prices are still very unstable world. Sometimes moving swiftly. This condition makes the money market will hold its action, while awaiting two major decisions, the OPEC meeting and the Fed rate.
“Besides this the end of the month, many of which cover books. Well, it secured the position,” said Head of Bank Niaga Trading Kriswijayanto Kurniawan Emanuel, the Legal, in Jakarta, Friday (30/11/2007).
Signals United States Central Bank to lower interest rates again become an arena of speculation speculators. Currently the Fed rate at 4.75 per cent position, the lowered 50 basis points on 19 mid-September 2007.
While oil prices in the markets of New York Mercantile Exchange after low tide level to USD90 per barrel, is now back up to USD94 per barrel level.
Awakening Economic and Energy Needs
Economy May 3rd, 2010
IN the last few days turns Jakarta experienced blackouts. Whatever the cause, such extinction reduces comfort residents.
For industry, this kind of extinction big impact because of their production capacity to be disturbed. A simple example of a company’s ice cream, every time there was a power cut, it took two days to be able to produce again having to clean the production equipment, prepare for the ready production temperature, and so on. The company’s production capability to be stagnating, while the high increase in demand.
Likewise for the household industry. A small sewing business told me that power outages cause their ability to produce the seam, thereby decreasing order completion may be delayed. Information that becomes inadequate, also affected the quality of stitches. These developments mark how crucial the effort to fulfill the energy needs for our country.
Vice President Jusuf Kalla made the appropriate steps to encourage investment in large scale electricity supply sector. Programyang first crash about 10 thousand megawatts (MW) began running and in the coming years we will enjoy the results. This program followed by a second well about 10 thousand MW. Of course, this program should be followed the next expansion program. Why is that?
Phenomenon Economic Rise
I think this latest development has become common knowledge about the economic power possessed Indonesia. The fact is among the major countries, the source of world economic growth turned out to be in China, India, and Indonesia, followed by other countries are.
This development will be faster in the coming years. How big is Indonesia’s economic growth rate, this is often still a matter of debate. Years ago in 2008, Indonesia’s economic growth reached 6.1 percent. Meanwhile, the nominal GDP growth reached 25.4 persen.Perbedaan is too large, which is hard to explain by our inflation (including the GDP deflator) convinced me that economic growth in 2008 it was reported too low (understated). From various sides, the year of 2008 was a year ago it was unusual (an exceptional year).
Growth of agricultural commodities (including rice self-sufficiency even experienced back) and mining and manufacturing industry experienced a very high jump. Production of cars, motorcycles, electronic goods, consumer goods, as well as other products tinggi.Rasanya growth is difficult to understand that progress will only result in growth of 6.1 percent, even lower than the previous year. 2009 This year it also has the same similarities. The growth of manufacturing industry is still tinggi.Sementara and motor vehicle sales experienced a smaller decline than previously feared.
The growth rate of 6.1 percent in 2008 to last year might satisfy the various parties who are skeptical about our economy. However, if economic growth was actually higher than reported, this will greatly affect the planning of things, including the preparation of our electricity capacity.
If the economic growth of eight percent was, for example, reporting the economic growth of six percent will lead to how many thousands of megawatts of power that ultimately was not prepared because it is felt not necessary. Yet this need actually exists. Finally, a phenomenon that was the difficulty of asking for a new connection or request additional electric capacity, as happened today.
Middle Class and Energy Needs
If the macro economic growth would lead to increased energy demand, the level of today’s economy will create demand greater energy compared to previous years.
I feel the elasticity of electricity demand to increase economic growth will be even greater in the coming years. Why is that? As I often review, in today’s conditions, the number of middle class in Indonesia, more and more big. In the year 2009, the number around 30 million orang.Di 2015 I predict (based on AC Nielsen’s criteria) the number of our middle class will reach about 60 million people.
The increase in the number of middle-class demand for electricity will rise much higher than before. In this case the sale of air conditioners, refrigerators, washing machines, and so will experience a great improvement. If within one year of AC sales reached 1 million units, while demand for electricity per unit of AC for 500 watts, the sale will generate electricity demand of about 500 megawatts. If the sale of AC increases, the electricity demand will increase too.
Therefore, in the case of electricity supply planning, hard work really needs to be done to meet future needs and to meet the unmet needs in these years. The government would need to seriously help PLN expansion both in terms of electricity production as well as financing networks. As a business entity, PLN will greatly inconvenience their own financing to do it all.
If PLN finally unable to do business as demand increased, that will happen is that economic growth below the optimal level that could happen. Commercialization of PLN’s will eventually intersect with the pricing policy is more directed at the level of PLN economics. Such pricing policies on the one side will put the brakes on electricity demand for the things that really are not essential, but at the same time will provide a higher capacity for PLN to achieve financial independence so as to provide more electricity.
I think such situations should be considered a very mature that we finally have an energy-producing companies that can develop on its own and can better contribute to the economic development of this country.
Moody's raise Indosat Finance Bonds
Finance May 3rd, 2010
Moody’s Investors Service raised the senior unsecured ratings of foreign currency bonds issued by Indosat Finance Company BV and Indosat International Finance Company BV to Ba1 from Ba2.
This was said by the management of PT Indosat Tbk (ISAT) in the disclosure of information to the Indonesia Stock Exchange (BEI), in Jakarta, Friday (18/9/2009). At the same time, Moody’s also affirms the Ba1 rating for local currency corporate family rating with stable outlook Indosat.
This ranking changes in line with Moody’s decision to raise foreign currency sovereign rating ceiling Indonesia from Ba2 to Ba1. Is a stable rating outlook, consistent with the outlook Indosat and foreign currency country ceiling.
“We are pleased that Moody’s noticed increased strength Indonesian economic fundamentals and this good influence to Indosat. We believe that Indosat is in the right position to get a solid growth and continued financial policy carefully in order to produce the best value for stakeholders us “, said President Director and CEO Harry Sasongko ISAT, in such openness.
JCI trading at the close of the second session yesterday, the stock price with the issuer code ISAT or equivalent to Rp100 gained 1.85 percent to a level Rp5.500 per share
PT Delta Dunia Makmur Tbk (DOID), through subsidiary PT Bukit Makmur Mandiri Utama (BUMA), insists not have plans to acquire two of Bakrie group companies, namely PT Darma Henwa Tbk (DEWA) and the subsidiary of PT Bumi Resources Tbk ( EARTH) PT Kaltim Prima Coal and PT Arutmin Indonesia.
“The company is always exploring opportunities to do business with mining companies to improve their performance,” said Director Ariani DOID Sofjan Vidia, in the information statement to the Indonesia Stock Exchange (BEI), in Jakarta, Wednesday (6/1/2010).
Discussion BUMA with DEWA and with PT Kaltim Prima Coal and PT Arutmin Indonesia at present only in the early discussion stage in order to explore mutual business opportunities and have not reached a concrete agreement. BUMA also from time to time make an assessment with other mining companies.
News is increasingly DOID was widely rumored as exploring opportunities to acquire a coal mining contract DEWA’s strategic in PT Kaltim Prima Coal and PT Arutmin Indonesia. Northstar Mine Persada Pte Ltd actively negotiating with the Earth, the owner of KPC and Arutmin, to explore the possibility. Northstar Persada control 20 percent stake in Delta Makmur, while Caceis Bank has five percent of the company’s.
Until September 2009, the income derived from DEWA coal mining services reached USD116, 86 million, down 14.69 percent compared with the position as of September 2008 worth USD136, 99 million.
Just to remind, the company acquired the entire shares of PT Bukit Makmur Mandiri Utama (Buma) with a transaction value of approximately USD550 million, equivalent to Rp5, 5 trillion. In the acquisition, the company assisted by Barclays Capital as a financial advisor. Through the purchase, meaning Buma will implement a backdoor listing through the World Delta.
For information, current Buma provides services to several coal producers such as PT Adaro Indonesia, PT Arutmin Indonesia, PT Kideco Jaya Agung, PT Berau Coal and PT Gunung Bayan. Buma controlled 24 percent of industry market share of coal mining contractors in Indonesia last year.
BUMA income last year reached USD693 million last year, more than half of the income Pamapersada, with total assets of USD581, 3 million. Meanwhile, Buma coal production reached 36.4 million tons with the removal of land 261.3 million bcm
Buying Strategies in Market Shares in
Stock Report April 26th, 2010
Prime market is a market where the effects are traded for the first time, before it is listed on the Stock Exchange. Here, stocks and other securities for the first time offered to investors by the underwriter (Underwriter) through the Broker-Dealer (Broker-Dealer) acting as Sales Agent shares. This process is usually called the Public Offering (Initial Public Offering / IPO).
Secondary market is a market where the effects have been listed on the Stock Exchange traded. Secondary markets provide the opportunity for investors to buy or sell securities, listed securities on the Exchange, after the implementation offering. In this market, trade effects from one investor to other investors.
Buy shares in the primary market has different characteristics to buy shares on the exchange or secondary market. Although the same through the company’s securities (brokerage), but buying shares in the primary market needs a special strategy, especially when buying stocks is intended to get capital gains as stocks listed and traded Indonesia Stock Exchange (BEI). Not only that, the proposed purchase of shares in the primary market today is not that easy before. That means investors will not get in accordance with the desired amount. For what?
For that there are some strategies that can be taken by investors before making a purchase of shares in either the primary market gain associated with certainty and assurance of capital gains to get shares in accordance with the desired amount.
First make sure that the company’s shares are offered an industry that has good prospects. After that need to be seen by carefully positioning the prospective issuers in the industry. Does the prospective issuers leader, or as a follower. If an industry leading on the stock certainly be very interesting because the candidate issuer will be the benchmark for the industry there is a similar type. However, if the candidate is a follower issuers, to note is the market share of products produced. Observing the candidate’s position in an issuer’s industry is very important this be done by prospective investors that the stock capital gains purposes can be achieved.
Step Two ways to learn the prospectus and financial reports. See financial structure, starting from the balance sheet, income statement & cash flow, assets and total debt. Prospectus containing complete financial report within three years in a row is intended as a benchmark of success prospective issuers are doing business. In the prospectus will also be visible goals to be achieved, the expansion will be done to improve the performance of the company, including the management policies in the distribution of profits. Also included in the prospectus about the risks of the company.
While the third factor is related to the share price offered. Associated with bidding stock prices, investors must be done is to compare the stock price quote. The simplest approach is to look at the price earnings ratio or commonly referred to as PER (price erning ratio). Furthermore, knowing the ratio of stock price, prospective investors should compare the PER of the shares to be offered with an average PER similar industries that recorded in the BEI. If the result is higher, then the initial price of the stock became unattractive. It is necessary to ensure that the PER of the candidate issuer who will offer these shares must be below the industry average. If PER industrial average was at number 18 times, then the PER of the issuer that will offer shares must be in bawahya or equal to 18 times.
Meanwhile, if it turns out prospective issuers offering of its shares does not include existing industry in the BEI, which must be taken by investors is to compare the offer price with shares listed are approaching the industry has to offer. Suppose that prospective issuers are companies that manage the office building we consider the specifics of this industry did not exist in Exchange for that investors need to refer to stocks or real estate to stocks that handles marketing field.
The fourth factor that should also receive attention is the company’s management side, the number of shares offered and the market capitalization of the issuer. From the management side for example, associated with good corporate governance (GCG). While related to the number of shares, the greater offer of shares then the chance that the stock will be illiquid in the market is very high. These factors are the most simple strategy that can be taken by investors before making a purchase of shares in the primary market.
In the primary market is usually the first offer that will be served first. Have accounts at securities companies are also very profitable for stock investors especially if it’s prime securities company is the underwriter or selling agent of shares of the issuer’s future stock offering. Assurance means getting the number of shares in accordance with the desired greater chances. Some strategies are just a glimpse of what could become one of the investors in the benchmark buy shares in the primary market. But do not forget to factor in unexpected investments. Because these allegations outside factors that always makes the investment very attractive stock.
