Manteb dah CLSA, kombinasi antara support kuat 2,700 dan report CLSA 4,150 langsung bawa terbang HEXA, hahahhahaaa
--- In obrolan-bandar@yahoogroups.com, Muhamad Rojak <muhamad.ma...@...> wrote: > > Iya Pak Herman, thanks banget ya atas infonya. Moga2 Pak Herman juga > dapet profit gede hari ini, he.. he.. > > 2009/12/9, TimurLaut <i4...@...>: > > 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...@...> > > 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. > > > > > > > > > > >
