Sudah diperkirakan, soalnya kontrak sm KPC, Thiess, Sinarmas dll baru masuk di
Q2-Q3. Dengan penguatan IDR, diperkirakan Rugi kurs berkurang dan jangan Lupa
Dividen nya mau dibayar 2x ( Tahun 08 dan Q1 09)
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-----Original Message-----
From: nicholas alvin <nicholas_al...@yahoo.com>
Date: Tue, 16 Jun 2009 08:11:40
To: <obrolan-bandar@yahoogroups.com>
Subject: [ob] HEXA (TP Rp3,500) - Laba Hexindo Turun 75,7%
Laba Hexindo Turun 75,7%
JAKARTA - PT
Hexindo Adiperkasa Tbk (HEXA) membukukan penurunan laba bersih selama
kuartal I-2009 hingga 75,71 persen menjadi Rp62,054 miliar, bila
dibandingkan periode yang sama tahun sebelumnya Rp255,485 miliar.
Hal
tersebut diungkapkan Corporate Secretary HEXA Heri Akhyar, dalam
laporan keuangan kuartal I-2009 yang dipublikasikan, di Jakarta, Selasa
(16/6/2009).
Penurunan tersebut dipicu oleh melemahnya
penghasilan bersih perseroan selama kuartal I-2009 mencapai 79,12
persen menjadi Rp583,11 miliar, jika dibandingkan periode yang sama
tahun sebelumnya Rp2,79 triliun. Menurunnya pos penghasilan tersebut,
tentunya mempengaruhi pos laba kotor perseroan selama kuartal I-2009
yang turun 71,22 persen menjadi Rp192,358 miliar, bila dibandingkan
periode sebelumnya Rp668,514 miliar.
Kendati demikian, pada pos
jumlah beban usaha perseroan selama kuartal I-2009 berhasil diturunkan
73,99 persen menjadi minus Rp69,06 miliar, bila dibandingkan periode
yang sama tahun sebelumnya minus Rp265,591 miliar.
Pada pos laba
usaha perseroan selama kuartal I-2009, juga tercatat turun 69,4 persen
menjadi Rp123,292 miliar, bila dibandingkan periode yang sama tahun
sebelumnya Rp402,923 miliar.
Perseroan juga membukukan kerugian
selisih kurs mencapai minus Rp32,879 miliar, jika dibandingkan periode
yang sama tahun sebelumnya minus Rp25,102 miliar.
Pada penutupan
perdagangan IHSG sesi kedua sore ini, harga saham dengan kode emiten
berhasil menguat Rp125 atau naik 5,38 persen ke posisi Rp2.450 per
lembar sahamnya. (css)
(rhs)
--- On Tue, 6/16/09, M Herman <hermanlat...@yahoo.com> wrote:
From: M Herman <hermanlat...@yahoo.com>
Subject: Re: [ob] Fw: HEXA (TP Rp3,500) - Danareksa: A Valued Player
To: obrolan-bandar@yahoogroups.com
Date: Tuesday, June 16, 2009, 10:15 AM
Untuk hari ini OD ada beli pak...cuma yang banyak DP sama YU. Index nyungsep
HEXA tetap Seeep ...
--- On Tue, 6/16/09, Daily_Trader <efendy.rita@ gmail.com> wrote:
> From: Daily_Trader <efendy.rita@ gmail.com>
> Subject: Re: [ob] Fw: HEXA (TP Rp3,500) - Danareksa: A Valued Player
> To: obrolan-bandar@ yahoogroups. com
> Date: Tuesday, June 16, 2009, 1:14 AM
> Upgrade kan rekomendasi analistnya,
> and itu kan buat long term..
> kadang clientnya tidak langsung buy tp watch dulu
>
> On 6/16/09, Ferry <ferry.wachjudi@ gmail.com>
> wrote:
> > Danareksa meng-upgrade ke 3500, tapi gak pernah lihat
> OD beli tuch!
> >
> >
> >
> > From: obrolan-bandar@ yahoogroups. com
> [mailto:obrolan-bandar@ yahoogroups. com]
> > On Behalf Of Joe Grunk
> > Sent: Monday, June 15, 2009 2:28 PM
> > To: obrolan-bandar@ yahoogroups. com;
> sa...@yahoogroups. com
> > Subject: [ob] Fw: HEXA (TP Rp3,500) - Danareksa: A
> Valued Player
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Hexindo Adiperkasa
> >
> >
> >
> > A Valued Player
> >
> >
> >
> > BUY, TP raised to Rp3,500
> >
> > We increase our TP to Rp3,500 for the following
> reasons: 1) 50%-20% higher
> > 09-10F net profit forecasts on the back of higher
> equipment sales, 2) a
> > lower WACC of 13-14% stemming from greater confidence
> in the company’s
> > business model, and 3) a lower share liquidity
> discount of 20% since trading
> > liquidity has improved. Our new TP implies
> PE09-10F of 9.6-9.2x. We
> > believe our valuation is justified since HEXA has a
> higher 3-year CAGR net
> > profit growth (10%) than UNTR (5%). As a result,
> HEXA currently trades at a
> > PEG 09-10F of 0.7-0.6x, or lower than UNTR’s
> 2.6-2.4x.
> >
> >
> >
> > 1Q09 earnings exceed expectations
> >
> > HEXA’s 1Q09 earnings reached Rp62bn, beating our
> expectations by 5%. This
> > owes more to higher prices than higher volumes, we
> believe. Indeed, the 1Q09
> > equipment revenues of Rp302bn are already 30% of our
> full year forecast
> > despite the 67% yoy decline in equipment volume
> sales. Lifting revenues
> > higher was a 15% yoy increase in average selling
> prices (ASP) as the
> > proportion of large equipment sales increased. This
> offset the impact of
> > using a lower pegged exchange rate to boost inventory
> sales.
> >
> >
> >
> > Greater confidence in our equipment sales target
> >
> > To achieve a better forecast, we tweak our model by
> separating the regular
> > sales from the “mega deals”. In regard to the
> regular sales, we expect a
> > decline in regular sales volume this year since demand
> from the agri sector
> > is still sluggish. Overall sales in the year up
> to April 09 are only 235
> > units, or down 70% yoy. Nonetheless, we remain
> confident that our ex-mega
> > deals full year target of 867 units is achievable
> since the company has
> > already closed a deal with its biggest forestry
> client, Sinar Mas, for 200
> > units this year, and because a revival in agri demand
> is expected by the end
> > of the year as stabilizing CPO prices should encourage
> planters to expand.
> >
> >
> >
> > Focusing more on value than volume
> >
> > HEXA currently has three main projects worth a total
> of US$170mn with KPC,
> > Thiess, and Newmont. We expect most of the equipment
> to be delivered this
> > year as good progress has already been made (note that
> some of the Newmont
> > order has already been fulfilled; half of KPC’s
> order is said to be making
> > its way to Indonesia to be assembled; and a deal has
> already been signed
> > with Thiess). Proceeds from these deals shall
> start to be booked in 2Q09
> > onward. As a result of combining the sales from
> the mega deals with the
> > company’s regular sales, we raise our 09-10F net
> income estimates by 50-20%
> > to Rp308-319bn.
> >
> >
> >
> > Felicia Barus
> >
> > (62-21) 351 0749
> >
> > feli...@danareksa. com
> >
> >
> >
> >
> >
> >_____
> >
> > Lebih
> > <http://sg.rd. yahoo.com/ id/messenger/ trueswitch/ mailtagline/ *http:/id.
> > messenger. yahoo.com/ invite/>
> > bergaul dan terhubung dengan lebih baik.
> > Tambah lebih banyak teman ke Yahoo! Messenger
> sekarang!
> >
> >
> >
> >
>
> --
> Sent from my mobile device
>
>
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