Jadi om jt mau jual bumi d brapa?
________________________________ From: JT™ <jsxtra...@yahoo.com> To: obrolan-bandar@yahoogroups.com Sent: Wed, November 18, 2009 8:25:21 PM Subject: Re: [ob] Re: ML: [BUMI] We cut our PO by 7% to Rp2,700 Bener boss.. dgn liat chart kite bisa tau info mana yg 'bener' (bisa dipercaya) dan mana yg 'ngibul'..., nah dgn bantuan si Buaya, membaca hal tsb di chart akan menjadi semakin mudah, even for beginner.. :) www.jsxtrader.com “ Trade By Rules, Not HOPE “ -----Original Message----- From: "billy_budiman92" <billybudima...@yahoo.com> Date: Wed, 18 Nov 2009 13:09:30 To: <obrolan-bandar@yahoogroups.com> Subject: [ob] Re: ML: [BUMI] We cut our PO by 7% to Rp2,700 Nah itu die boss JT, it wise to see a chart NOW, karena news2nya dah bikin puyeng kepala, jajajjajjajjajaa --- In obrolan-bandar@yahoogroups.com, "JTâ„¢" <jsxtra...@...> wrote: > > Ikut nimbrung ahh..., ngomong2 news riset..., kata si Bill, market itu > bergerak karena respond trader thd new incoming informasi/news (chaos). Nah > Balance Line biru adalah posisi dimana harga berada jika tidak ada new > incoming info...., Jadi dari pada liat riset yg bertolak belakan antara satu > dgn lainnya dan bikin puyeng, mendiingan kite liat aja kelakuan si Alligator, > kalo ada info, harga akan bergerak menjauh dari balance line biru..., kalau > infonya bagus, menjauh keatas, kalo jelek, menjauh kebawah..... Hehehe... > > JT > > www.jsxtrader.com > > " Trade By Rules, Not HOPE " > > -----Original Message----- > From: "billy_budiman92" <billybudima...@...> > Date: Wed, 18 Nov 2009 12:46:55 > To: <obrolan-bandar@yahoogroups.com> > Subject: [ob] Re: ML: [BUMI] We cut our PO by 7% to Rp2,700 > > Skrg masalahnya terlalu banyak news riset dari berbagai sekuritas yang > beda-beda, ada yang 3800, 1100, dll > > Dan mereka bisa dibilang juga selalu cepat berubah, dengan alasan news dari > BUMI juga banyak dan berganti-ganti > > Ini yang bisa bikin bingung boss, kita gak tau aslinya BUMI itu gimana, news > yang dateng kebanyakan dan jaraknya pendek2 > > So, it wise for us to see a chart, and chartnya memang masih uptend > > --- In obrolan-bandar@yahoogroups.com, Joe Grunk <joe_grunk@> wrote: > > > > Anda agak klise Billy. Jangan begitulah, kalau punya barang. > > > > > > > > Newmont deal too confusing: Who bought what? > > The > > ownership split between the regional government and Multicapital for the 10% > > stake > > in Newmont Nusa Tenggara remains unclear. We do know from the media > > the > > ownership of Multicapital: Bakrie Capital, 95% stake; BUMI, 5%. But > > yesterday > > the > > local media reported that the US$391mn payment all transferred from > > BUMI’s > > account. > > At this point, we’re not sure how to value BUMI’s stake in Newmont. > > Earnings, PO > > cut further on higher debt > > To > > factor in the recent debt issuance of US$600mn (US$300mn from CS end-Oct > > and > > recent US$300mn bond), we cut our earnings further by 7% for 2010E and > > 11% for > > 2011E. We cut our PO > > by 7% to Rp2,700, implying 17x 2010E P/E. We > > continue > > to question BUMI’s rationale to increase its debt, while in the meantime > > the > > long-term value from the newly acquired assets is difficult to assess > > looking > > at > > how the > > Newmont acquisition was done. > > BHP’s Maruwai â€" not yet a done deal > > for BUMI > > We > > think investors are holding BUMI shares in anticipation that it will get > > BHP’s > > Maruwai > > coal project. But besides BUMI, Adaro is also interested. Moreover, we > > think > > Adaro has geared up enough in anticipation for this acquisition while we see > > BUMI > > requiring more debt. Next big ticket items for BUMI that we can think of are > > 14% > > stake in Newmont and an estimated capex of US$1bn required for its coal > > mine > > expansion. > > Bullish on coal price; focus on SAR and Adaro > > We > > continue to be bullish on coal price, especially with the approach of > > December. > > To put things into context, while China demand is picking up because > > of the > > snow storm, Indonesia > > reportedly had to cut supply 8.5% MoM on bad > > weather. > > But since there are too many moving parts in BUMI, we prefer SAR and > > Adaro > > on coal price. > > SAR and ADRO liquidity improving > > One of > > BUMI’s selling points for investors who wanted exposure to Indonesia coal > > was its > > liquidity. YTD, BUMI’s trading value has been roughly US$32mn, vs. > > SAR’s > > US$22mn and ADRO’s US$7mn. But in the last one month, we have seen > > both SAR and ADRO improve to US$25mn and > > US$22mn, respectively. > > > > > > > > > > > > > > > > > > > > > >________________________________ > > Dari: billy_budiman92 <billybudiman20@> > > Kepada: obrolan-bandar@yahoogroups.com > > Terkirim: Rab, 18 November, 2009 17:58:43 > > Judul: [ob] Merril Lynch : BUMI BUY ( TP : 2.700 ) > > > > BUMI: Broker ML Rekomendasi Buy, PO 2.700 > > Broker ML merekomendasikan rating BUY dengan Price Objective (PO) > > Rp2.700/saham terkait: > > * Kesepakatan Newmont terlalu membingungkan. Who bought what? > > Kepemilikan dibagi antara pemerintah daerah dan Multicapital untuk 10% > > saham NTT tetap tidak jelas. > > Berdasarkan data dari Media, porsi kepemilikan Multicapital yakni Bakrie > > Capital, 95% saham > > dan sisanya BUMI, 5%. Tetapi, kemarin media lokal melaporkan bahwa > > pembayaran sebesar > > US $ 391 juta secara keseluruhan dibayar oleh BUMI. > > Pada titik tersebut, ML tidak yakin berapa banyak nilai saham BUMI di > > Newmont > > * ML memangkas earning sebanyak 7% di 2010E dan 11% di 2011E, karena adanya > > penerbitan utang baru > > US$600 juta (US$300 juta dari CS hingga akhir Oktober dan obligasi > > baru-baru ini US$300 juta) > > * ML memangkas PO nya sebanyak 7% jadi Rp2700, mengimpilkasikan 17x 2010E > > P/E > > * Maruwai belum menjadi milik BUMI. > > ML berpandangan bahwa investor tetap memegang saham BUMI untuk > > mengantisipasi > > pembelian Maruwai oleh BUMI, meski selain BUMI, ADRO juga tertarik. > > Terlebih ML melihat > > ADRO sudah siap dari segi finansial sedangkan BUMI masih harus mencari > > pinjaman. > > salah satu target lainnya menurut ML adalah 14% saham Newmont dan capex > > senilai US$1 miliar > > untuk ekspansi tambangnya > > * Bullish untuk harga Batubara, fokus pada SAR dan ADRO > > * Likuiditas SAR dan ADRO meningkat > > YTD, nilai perdagangan BUMI telah capai sekitar $32 juta vs SAR's US$22 > > juta dan ADRO US$7 juta. > > Namun dalam satu bulan terakhir, nilai perdagangan SAR dan ADRO naik > > masing-masing jadi > > US $ 25 juta dan US $ 22 juta. > > > > Ya, masa cuma 75 perak :p, tinggal DB dink yang belum upgrade2 :p > > > > > > > > > > ------------------------------------ > > > > + + > > + + + + + > > Mohon saat meREPLY posting, text dari posting lama dihapus > > kecuali diperlukan agar CONTEXTnya jelas. > > + + + + + > > + +Yahoo! Groups Links > > > > > > > > > > Akses email lebih cepat. Yahoo! menyarankan Anda meng-upgrade browser > > ke Internet Explorer 8 baru yang dioptimalkan untuk Yahoo! Dapatkan di > > sini! > > http://downloads.yahoo.com/id/internetexplorer > > > > > > > ------------------------------------ > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + +Yahoo! Groups Links > ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links
