Iya Pak Herman, thanks banget ya atas infonya. Moga2 Pak Herman juga dapet profit gede hari ini, he.. he..
2009/12/9, TimurLaut <i4...@yahoo.com>: > Pak Herman ini Jenderal juga ya? kaya Jenderal Arto.Banyak ammo nya..... > > Jam 11.16.24 tadi HEXA masih 2775. > > Punten, apa lagi ya pak? BMTR boleh nggak Pak? > > > > > ________________________________ > From: M Herman <hermanlat...@yahoo.com> > To: obrolan-bandar@yahoogroups.com > Sent: Wed, December 9, 2009 11:16:24 AM > Subject: [ob] Daily CL...HEXA new coverage TP 4150 > > > > > Good morning. There has been talk about big rallies in Jakartatoday as 11 > public demonstrations are scheduled to mark the International > Anti-Corruption Day. > > Interestingly, despite earlier remarks that today’s rallies against > corruption could potentially be hijacked by rogue elements, President SBY > welcomes the rally. The President further urged the public to celebrate > today’s International Anti-Corruption Day peacefully. Perhaps coincidental, > the President cancelled a planned visit to Makassar in South Sulawesito open > the 52nd Nusantara Day today. > > Perhaps more interesting is that President SBY confirmed yesterday that he > will allow the Anti Corruption Commission (KPK) to continue wiretapping > extraordinary crimes as part of his mission to combat corruption. President > SBY also said that he disagreed with any efforts to strip the KPK of its > power to prosecute which have come up in the deliberation of the pending > corruption court bill. > > The attitudes toward corruption in Indonesiaare changing. KPK has very > strong public support. The press in Indonesiais one of the freest in Asia. > Change begins at the margin. Indonesiahas come very far, but anticorruption > efforts must continue. > > The estimate on the number of marchers is varied from 40-100k. Some even > mentioned 300k (highly unlikely, I think). But one thing is sure to happen > today. We can expect Central and South Jakartato be mired in gridlock. > Jakartans have been told to leave home earlier. Rally schedules and plans > are widely distributed. No less than 13k officers would be deployed to make > sure that the rallies remain peaceful. Jakartadoes not need extra problems > to compound to its massive traffic problems. Average vehicle speed on roads > is already so slow at 20km/hour. Can’t get any slower… > > Research Today: Hexindo, Excavating returns - Initiate with a BUY - Tp4,150 > This is one of my high conviction pick in the small cap space (mkt cap > US$245). They are second biggest heavy equipment (Hitachi)distributo r in > Indonesia trading on on 6.3x 2010CL while churning over 40% ROE with a sweet > 5% divy yield. This compare to 13x 2010CL, 25% ROE for United > Tractors. Their revenue and operating profit has been growing at 33% and > 52% CAGR over the past five years > > Hexa with a more focused business model with considerably higher earnings > growth arguably should not be trading at a discount to UT in this part of > cycle (a Sellers market here). Hexa is the dominate player in the super > sized excavators with 100%, not typo here, market share in the over 250 ton > class (Komatsu does not even have a product of this size). Coal miners > continue to upgrade (even Pama buy them) to these super sized excavators for > operating efficiency as their scale up their production. Bluesky for this > stock will be from infrastructure spending accounting for less than 20% of > sales compare to over 80% in this segment pre 1997. BUY! > > Key takeaways: > > * Demand for heavy equipment is set to accelerate over the coming years > as > demand for power, particularly coal-fired, is booming. Chinaand Indiathermal > coal demand may expand by 700m tonnes in just five years, equal to current > global seaborne thermal-coal market > * The company sells 23% of its unit to mining sector, mostly coal > companies > and contractors, while revenue from mining unit contributing to 67% of > total. > * Note that the company sold 54 large and giant equipments in Jan-Aug > vs. > 28 units in 2008 and has further secured almost US$190m worth of contracts > to deliver another 64 units of equipments in 2010 order book period > * The company has successfully de-leveraged its balance sheet after > seeing > its net gearing peaked at 144% as of Dec06, with net gearing as of Sep09 > stood at 33%. With its strong cash flow generation, we expect Hexindo to be > in a net cash position in 2011. > * Stock trades at 6.3x 2010 PER and 4.3x 2010 EV/Ebitda, still below its > five years average historical valuations. Meanwhile, balance sheet and > return are better than they were over the past five years > DELTA DUNIA (DOID IJ) Conference call details > Conference Call with Delta Dunia Makmur management team > > Date: Thursday,10 December 2009 > Speakers: Patrick Walujo (Vice President Director), Thomas Husted > (CFO), Budikwanto Kuesar (Managing director BUMA) > Time: 8am - London > 4pm – Singapore/Hong Kong/Kuala Lumpur/Manila/ Shanghai/ Taipei > 3pm – Jakarta/Bangkok > > Delta Dunia management team would discuss the latest progress post > acquisition of Bukit Makmur (Buma), Indonesia’s second-largest coal-mining > contractor. With a proven track record, long-term relationships with > customers and low cost base, Buma, in our view, could benefit from the > growing demand for thermal coal from both domestic and regional markets. > Please see attachment for calling details. > > > > > ------------------------------------ + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/obrolan-bandar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/obrolan-bandar/join (Yahoo! ID required) <*> To change settings via email: obrolan-bandar-dig...@yahoogroups.com obrolan-bandar-fullfeatu...@yahoogroups.com <*> To unsubscribe from this group, send an email to: obrolan-bandar-unsubscr...@yahoogroups.com <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/