Re: [ob] FPNI - to TOM.D.S
Pak Tom Kalo nggak salah saya baca fpni sebagian saham dimiliki sampoerna print pack,20% publik.saya kok tdk melihat nama titan sbg owner? Btw boleh share prospektus penawaran bond nya biar bisa tahu lebih jauh prospek company ini? Thx On Apr 10, 2010 8:31 AM, Tom DS tom.ds.st...@gmail.com wrote: *Sorry for the late reply.. my bad coz almost during early quarter made me headache.. OK anyway, mungkin istilahnya bukan bocoran yah since I'm not one of them I'm don't know personally with its management. However I could share my view a bit on this stuff.. Important thing about FPNI is that if you see at its business segmentation, it gained more than 90% from Polyethylene business while only less than 10% from plastic sheet BOPP. This was after Titan tookover FPNI at early-2008 if I'm not mistaken, while before they only have 100% of plastic sheet BOPP business. This would be one of the reason of their turn-around story. 2nd thing is about its Polyethylene business. As you mentioned, this is a very prospectfull business in Indonesia since Indonesia's demand of this products is outpass of its supply, or we normally call it as overdemand market situation instead of oversupply, which caused Indonesia as becoming net importing country of this product. Only 2 companies in Indonesia which produce this product. While the current (last year) company's production facility only able to run 65% as mentioned in the prospectous, right? I checked with my colleague in Singapore who works for market intelligence for chemical petrochemical company, she mentioned about the electricity limitation which only allows them to run only two machine out of three they had. While in 2010 they already able to run all of their machine and will improve gradually its utilization to more than 80% (also mentioned in prospectous). Further about petrochemical business, my colleague explained, its spread margin (product-raw material) would float on a cyclical trend. Almost all of petrochemical products has more than 90% correlation to crude oil, while the rest is dictate by the regional market supply/demand. And the only way to improve the operating margin is only to operate at higher level of production rate to spread the fixed cost and to be more efficient. Yes, this is an economic of scale business that you have to run at high rate to gain more profit.. That's why during down margin cycle in 2006-2008 it record a negative earning since only running at even below 50% (check its last year public expose). While they don't have to worry on the market since the market can absorb whatever they produce. 3rd thing about its plastic sheet business which only contribute for less than 10%, its production facility even much worse compared to its Polyethylene, it only ran at below 40% (see last year public expose material) before acquired by Titan, while in the near future it will improve its operation by almost double. This would give significant impact on its margin since this business is also a volume sensitive business... About A+ bond rating from Fitch, I would rather see it due to its cash convertion cycle, current/quick ratio, and its financial structure besides its expansion plan... Kang Bagus, pls share your numbers on this issue for FPNI compared to the industry (TPIA, BRPT, or AKPI for its plastic sheet business). I have sense that FPNI is leading way beyond its industry in terms of its cash management. While in terms of business risk on the market side would be very small while on the margin side would still depend on its expansion plan to improve utilization both for Polyehtylene plastic sheet business... Yes Kang Bagus, pls share more on the numbers your views on those numbers to enlighten us.. T.o.m* 2010/4/9 Bagus Putra Perdana disclosure@gmail.com nope, im from a local pension fu...
Re: [ob] FPNI - to TOM.D.S
*Pak Ari,* ** ** *Mungkin bisa lihat update di ** http://www.idx.co.id/MainMenu/Emiten/CompanyProfile/SubmittedOffline/tabid/234/lang/en-US/language/en-US/Default.aspx *http://www.idx.co.id/MainMenu/Emiten/CompanyProfile/SubmittedOffline/tabid/234/lang/en-US/language/en-US/Default.aspx *. Biasanya website idx relatif updated Pak.* *Untuk yang biasa pegang bond seperti Kang Bagus, this is a very good deal and you should have a little worry on default risk, trust me on this * *But for equity holder, time would be the answer since as Kang Bagus mentioned that this would be a turn-around story (not yet).. I stressed-out the underlined words since we just only saw the jumped in earnings in 2009 while investors normally don't want to be trapped under one time profit which has not proven to be sustainable yet.* ** *However we can see its big plans and just wait until 1H report to see the impact on its operation-wise. Q1 report won't tells enough I guess..* *The key data you should be aware of are on its cash management esp. cash conversion cycle (which I think the best among its peers or even among the chemical industry in Asia...!!!), production volume (too see how achievable its big plan),. While gross-margin operating-margin will follow..* ** *About the sustainability of its margin I would say that it would depend on its plan to increase utilization gradually, and I would dare to hit its equity at current price to hold and review at least up to end of year. While I'm not in a rush to expect dividend payment for this turn-around story..* ** *And Kang Bagus, would you please to share your view a bit on detail numbers for us to have discussion?* ** *Btw beside FPNI, I have a very positive view on SOBI, ADHI, AUTO, ADRO, HEXA GZCO. Do I have a companies on those?* *I really like these 2nd liners (besides ADRO)...* ** ** *T.o.m* On 4/10/10, Ari Sugiarto Santoso arisugiarto.sant...@gmail.com wrote: Pak Tom Kalo nggak salah saya baca fpni sebagian saham dimiliki sampoerna print pack,20% publik.saya kok tdk melihat nama titan sbg owner? Btw boleh share prospektus penawaran bond nya biar bisa tahu lebih jauh prospek company ini? Thx On Apr 10, 2010 8:31 AM, Tom DS tom.ds.st...@gmail.com wrote: *Sorry for the late reply.. my bad coz almost during early quarter made me headache.. OK anyway, mungkin istilahnya bukan bocoran yah since I'm not one of them I'm don't know personally with its management. However I could share my view a bit on this stuff.. Important thing about FPNI is that if you see at its business segmentation, it gained more than 90% from Polyethylene business while only less than 10% from plastic sheet BOPP. This was after Titan tookover FPNI at early-2008 if I'm not mistaken, while before they only have 100% of plastic sheet BOPP business. This would be one of the reason of their turn-around story. 2nd thing is about its Polyethylene business. As you mentioned, this is a very prospectfull business in Indonesia since Indonesia's demand of this products is outpass of its supply, or we normally call it as overdemand market situation instead of oversupply, which caused Indonesia as becoming net importing country of this product. Only 2 companies in Indonesia which produce this product. While the current (last year) company's production facility only able to run 65% as mentioned in the prospectous, right? I checked with my colleague in Singapore who works for market intelligence for chemical petrochemical company, she mentioned about the electricity limitation which only allows them to run only two machine out of three they had. While in 2010 they already able to run all of their machine and will improve gradually its utilization to more than 80% (also mentioned in prospectous). Further about petrochemical business, my colleague explained, its spread margin (product-raw material) would float on a cyclical trend. Almost all of petrochemical products has more than 90% correlation to crude oil, while the rest is dictate by the regional market supply/demand. And the only way to improve the operating margin is only to operate at higher level of production rate to spread the fixed cost and to be more efficient. Yes, this is an economic of scale business that you have to run at high rate to gain more profit.. That's why during down margin cycle in 2006-2008 it record a negative earning since only running at even below 50% (check its last year public expose). While they don't have to worry on the market since the market can absorb whatever they produce. 3rd thing about its plastic sheet business which only contribute for less than 10%, its production facility even much worse compared to its Polyethylene, it only ran at below 40% (see last year public expose material) before acquired by Titan, while in the near future it will improve its operation by almost double. This would give significant impact on its margin since this business is also a
Re: [ob] FPNI - to TOM.D.S
Boss bei yg di DOID atau yg laen nih ? powered by Artomoro9.inc ™ -Original Message- From: Tom DS tom.ds.st...@gmail.com Date: Fri, 9 Apr 2010 11:22:08 To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] FPNI - to TOM.D.S *FPNI kabarnya in the near term akan ada supir baru.. Mantan boss BEI akan ikut campur tangan disini. T.o.m* 2010/4/9 datasahamku datasaha...@yahoo.com FPNI saya lihat FA-nya OK bgt harga segitu juga msh murah Buy klo di bawah 199...mau nerbitin bonds buat ekspansi...cmn sayang ga ada supirnya krn emiten ga campur tangan beda dgn si B7... mgkn bakal maen lbh aktif pas IPO-nya Indopoly Swakarsa Industry Produsen film plastik kemasan milik grup Salim, Juni nanti :) --- In obrolan-bandar@yahoogroups.com obrolan-bandar%40yahoogroups.com, Tom DS tom.ds.st...@... wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@... This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from ‎​ Jαçðß ‎​™ -- *From: * T_Henz wandi88ch...@... *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.comobrolan-bandar%40yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@...* menulis: Dari: eddytj eddyt...@... Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.comobrolan-bandar%40yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com
Re: [ob] FPNI - to TOM.D.S
*Hi Kang Bagus... Just one quick question before I share my view on your comprehensive summary. Are you from Indopremier? T.o.m* 2010/4/9 Bagus Putra Perdana disclosure@gmail.com haha, data annual report, prospektus dan penawaran nya kebetulan baru masuk meja saya hari ini pak Tom.. i have to say its quite impressive. cool turn-around story. tapi sayangnya saya gak bisa ikut placement di Bond nya karena kondisi impresif nya baru berjalan 1 tahun. kalo taun depan masih sustain dan issue revolving Bond lagi mungkin saya bisa ikut masuk. nonetheless, sharing singkat info aja ini beberapa takeout menarik dari barang ini ; - pemain terbesar di Polythylene, dan cuman ada 2 pemain di Indonesia. - kalo emang bener operating performancenya bisa sustain, ini cash cow business karena ; Ini perusahaan dah lama, install pabrik dan peralatan dah lama, depreciation cost nya gede hingga Arus kas operasi nya jauh diatas net income (extra extra high quality of earnings). net income 353 Milyar sementara FFO hampir 2 kali lipat. noted bahwa utilisasi masih jauh dari full hingga gak ada kebutuhan installment capacity baru. sehingga (teorinya) CAPEX hanya untuk maintenance saja dan harusnya gak gede. this is a free cash flow business kalo operasi bisa dipertahankan baik. yg menarik Fitch berani kasih Rating A+ untuk perusahaan yang baru turn-around 1 tahun. mungkin karena faktor parent company nya yg di malaysia. profil manajemen barunya rada mentereng sih. yg jelas rating A+ Fitch implied mereka melihat Titan sebagai perushaan yg going concern dan sustained operation. yet to be proved further though. resiko terbesar di bisnis dia ada di harga bahan baku. margin nya tipis dan ini bisa double -edge, improve margin sedikit bisa naekkin bottomline berlipat2 sementara kalo margin menipis bisa bikin rugi berlipat. tapi manajemen sebelum ini kayanya pake gaya cost-center jg kali buat transfer keuntungan makanya rugi dipertahanin mulu. equity wise, FCF per share 93 perak dengan BV 276. harusnya target pak tom ke 300 sih kena. meski saham sektor ini sih saya ragu bisa sampe dobel digit multiple, karena industri nya boring dan resiko perubahan nya cepat. free float 7 %. tapi ngeliat sekilas sih kendali dari 90% yg dipegang Titan Malaysia sih harusnya align sama minority shareholders. di annual report mereka emphasize ke efisiensi biaya dan ini kuncinya. jangan sampe biaya ini bengkak lagi. kalo iya gagal semua tesis investasinya. i have to say it looks appealing pak Tom., terutama Cash Flow Wise. tapi sedikit berbagi detail. pak tom bisa sharing kira2 operation-wise spread margin operasi bisa dipertahanin gak yah?! On 9 April 2010 10:45, Tom DS tom.ds.st...@gmail.com wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@gmail.com This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -- *From: * T_Henz wandi88ch...@yahoo.co.id *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@yahoo.co.id* menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test of all knowledge is experiment. Experiment is the sole judge of scientific “truth”. - Richard Feynman
Re: [ob] FPNI - to TOM.D.S
® rxbk1...@gmail.com This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -- *From: *T_Henz wandi88ch...@yahoo.co.id *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@yahoo.co.id* menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com/ -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test of all knowledge is experiment. Experiment is the sole judge of scientific “truth”. - Richard Feynman -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test of all knowledge is experiment. Experiment is the sole judge of scientific “truth”. - Richard Feynman
Re: [ob] FPNI - to TOM.D.S
jadi analis obligasi mesti tahu FA emitenya ya pak...hebat nih kang Ocoy... temen saya yg jd trader obligasi kayanya ga pernah nanya2 FA tuh, klo ga salah yg dipentingin rating trus sama kupon aja hehe btw. klo di lihat sektornya, tahun lalu emiten plastik/chemical sepertinya pada outperformed apakah ini ada hubungan dg harga minyak yg relatif rendah di banding 2008 ? so klo rata2 harga minyak di 2010 naik di bandingkan 2009 mgkn bakal underperfomed kinerjanya ?kecuali sudah di hedge harganya sejak awal... mgkn itu bisa ditanyakan pak waktu PE besok... --- On Fri, 4/9/10, Bagus Putra Perdana disclosure@gmail.com wrote: From: Bagus Putra Perdana disclosure@gmail.com Subject: Re: [ob] FPNI - to TOM.D.S To: obrolan-bandar@yahoogroups.com Date: Friday, April 9, 2010, 1:28 AM nope, im from a local pension fund institution. tapi kebetulan dikirimin materi public expose dan prospektus ringkas terkait penawaran obligasi dia yg mo public expose tgl 14 besok. baca sedikit-sedikit cukup menarik sih. tgl 14 besok mungkin saya dateng PE nya. hmmm kalo ada orang indopremier disini saya jg mo nih tentang dinamika harga jual sama bahan baku nya. karena struktur neraca sudah ok. yg perlu dipastikan cuman tinggal bakal bisa pertahanin ato ekspansi margin gak dia. trus sensitifitas sama harga minyaknya gimana (plastik kan produk turunan minyak). satu hal terlintas di benak saya, operasi yg rugi pada taun2 sebelumnya (pada manajemen sebelum, Titan malaysia) bisa jadi mirip modus nya grup INKP dulu. cost center pada anak perusahaan. seharusnya saat ini gak gitu lagi (paling enggak di 2009 gak gitu) meski peluang untuk mengulang modus itu masih kebuka juga krn dia tetep beli bahan baku dari parent. doubt dan negative suspicion saya cuma itu aja. dia beli bahan baku nya di harga yg bener gak. other than that its basically a good go. sekilas sih keliatan ada improvement di GCG perusahaan ini. auditor untuk FY 09 nya drE Y dan board baru yg masih muda (Looks like a cheeky Ivy League Brat though!) dan dia kasih penekanan di faktor kunci bisnis ini (efisiensi biaya). dan reputasi Titan Malaysia kayaknya cukup baik. saya kira A+nya Fitch di imbued sama faktor Titan Malaysia ini, coz not even Indika Energi kemaren dapet A+. Indika aja kemaren hanya dapet BB+ dari Fitch. kind to share a bit more of the detail to us pak tom?. kalo saya bisa diyakinkan bahwa margin usaha akan bisa dipertahankan (ato malah dilebarkan). i think i would be heavily agree with u pak Tom, this stuff is bound to hit a higher level of appreciation. if its sustainable, the price is only at 2.5-ish times Operating Cashflow. that is arguably insanely cheap. but i keep my skeptical tone though. Haha
Re: [ob] FPNI - to TOM.D.S
saya handle both equity dan fixed income pak, kalo perlu reksa dana di cek juga. main profficiency saya sih di bottom-up equity strategy and valuation, tp saya versatile aja lah. semua di habek. its fun anyway, brain exercise. yap, besok di PE itu yg harus di konfirmasi. tapi pak tom mungkin bisa kasih bocoran lebih dulu. 2010/4/9 Data Saham datasaha...@yahoo.com jadi analis obligasi mesti tahu FA emitenya ya pak...hebat nih kang Ocoy... temen saya yg jd trader obligasi kayanya ga pernah nanya2 FA tuh, klo ga salah yg dipentingin rating trus sama kupon aja hehe btw. klo di lihat sektornya, tahun lalu emiten plastik/chemical sepertinya pada outperformed apakah ini ada hubungan dg harga minyak yg relatif rendah di banding 2008 ? so klo rata2 harga minyak di 2010 naik di bandingkan 2009 mgkn bakal underperfomed kinerjanya ?kecuali sudah di hedge harganya sejak awal... mgkn itu bisa ditanyakan pak waktu PE besok... --- On *Fri, 4/9/10, Bagus Putra Perdana disclosure@gmail.com*wrote: From: Bagus Putra Perdana disclosure@gmail.com Subject: Re: [ob] FPNI - to TOM.D.S To: obrolan-bandar@yahoogroups.com Date: Friday, April 9, 2010, 1:28 AM -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test of all knowledge is experiment. Experiment is the sole judge of scientific “truth”. - Richard Feynman
Re: [ob] FPNI - to TOM.D.S
wah Dapen bapak hebat nih punya analis all in one...beberapa Dapen BUMN besar yg sy kenal sptnya pada ga punya analis/riset sendiri cuma Jamsostek tuh yg byk analisnya...paling pusing deh klo presentasi ke Jamsostek soalnya TA apalagi BA kagak laku hehehepadahal mereka juga pusing mengapa scr FA bagus tp harga sahamnya kagak naik2 :) --- In obrolan-bandar@yahoogroups.com, Bagus Putra Perdana disclosure@... wrote: saya handle both equity dan fixed income pak, kalo perlu reksa dana di cek juga. main profficiency saya sih di bottom-up equity strategy and valuation, tp saya versatile aja lah. semua di habek. its fun anyway, brain exercise. yap, besok di PE itu yg harus di konfirmasi. tapi pak tom mungkin bisa kasih bocoran lebih dulu. 2010/4/9 Data Saham datasaha...@... jadi analis obligasi mesti tahu FA emitenya ya pak...hebat nih kang Ocoy... temen saya yg jd trader obligasi kayanya ga pernah nanya2 FA tuh, klo ga salah yg dipentingin rating trus sama kupon aja hehe btw. klo di lihat sektornya, tahun lalu emiten plastik/chemical sepertinya pada outperformed apakah ini ada hubungan dg harga minyak yg relatif rendah di banding 2008 ? so klo rata2 harga minyak di 2010 naik di bandingkan 2009 mgkn bakal underperfomed kinerjanya ?kecuali sudah di hedge harganya sejak awal... mgkn itu bisa ditanyakan pak waktu PE besok...
Re: [ob] FPNI - to TOM.D.S
Minggu lalu ada yang rekomendasi beli FPNI , saya ikut beli karena liat fundamentalnya bagus banget. Sekarang ini belum jalan. Sama juga waktu beli ADMF, waktu itu ada komentar dari Pak Oen, saya jadi tidak beli lagi. Harganya masih dibawah Rp. 6.000. sekarang klo jual di delapan ribu ada aja yang serap. Perlu waktu. From: datasahamku datasaha...@yahoo.com To: obrolan-bandar@yahoogroups.com Sent: Fri, April 9, 2010 2:28:52 PM Subject: Re: [ob] FPNI - to TOM.D.S wah Dapen bapak hebat nih punya analis all in one...beberapa Dapen BUMN besar yg sy kenal sptnya pada ga punya analis/riset sendiri cuma Jamsostek tuh yg byk analisnya... paling pusing deh klo presentasi ke Jamsostek soalnya TA apalagi BA kagak laku hehehepadahal mereka juga pusing mengapa scr FA bagus tp harga sahamnya kagak naik2 :) --- In obrolan-bandar@ yahoogroups. com, Bagus Putra Perdana disclosure. i...@... wrote: saya handle both equity dan fixed income pak, kalo perlu reksa dana di cek juga. main profficiency saya sih di bottom-up equity strategy and valuation, tp saya versatile aja lah. semua di habek. its fun anyway, brain exercise. yap, besok di PE itu yg harus di konfirmasi. tapi pak tom mungkin bisa kasih bocoran lebih dulu. 2010/4/9 Data Saham datasahamku@ ... jadi analis obligasi mesti tahu FA emitenya ya pak...hebat nih kang Ocoy... temen saya yg jd trader obligasi kayanya ga pernah nanya2 FA tuh, klo ga salah yg dipentingin rating trus sama kupon aja hehe btw. klo di lihat sektornya, tahun lalu emiten plastik/chemical sepertinya pada outperformed apakah ini ada hubungan dg harga minyak yg relatif rendah di banding 2008 ? so klo rata2 harga minyak di 2010 naik di bandingkan 2009 mgkn bakal underperfomed kinerjanya ?kecuali sudah di hedge harganya sejak awal... mgkn itu bisa ditanyakan pak waktu PE besok...
Re: [ob] FPNI - to TOM.D.S
kemaren hanya dapet BB+ dari Fitch. kind to share a bit more of the detail to us pak tom?. kalo saya bisa diyakinkan bahwa margin usaha akan bisa dipertahankan (ato malah dilebarkan). i think i would be heavily agree with u pak Tom, this stuff is bound to hit a higher level of appreciation. if its sustainable, the price is only at 2.5-ish times Operating Cashflow. that is arguably insanely cheap. but i keep my skeptical tone though. Haha 2010/4/9 Tom DS tom.ds.st...@gmail.com *Hi Kang Bagus... Just one quick question before I share my view on your comprehensive summary. Are you from Indopremier? T.o.m* 2010/4/9 Bagus Putra Perdana disclosure@gmail.com haha, data annual report, prospektus dan penawaran nya kebetulan baru masuk meja saya hari ini pak Tom.. i have to say its quite impressive. cool turn-around story. tapi sayangnya saya gak bisa ikut placement di Bond nya karena kondisi impresif nya baru berjalan 1 tahun. kalo taun depan masih sustain dan issue revolving Bond lagi mungkin saya bisa ikut masuk. nonetheless, sharing singkat info aja ini beberapa takeout menarik dari barang ini ; - pemain terbesar di Polythylene, dan cuman ada 2 pemain di Indonesia. - kalo emang bener operating performancenya bisa sustain, ini cash cow business karena ; Ini perusahaan dah lama, install pabrik dan peralatan dah lama, depreciation cost nya gede hingga Arus kas operasi nya jauh diatas net income (extra extra high quality of earnings). net income 353 Milyar sementara FFO hampir 2 kali lipat. noted bahwa utilisasi masih jauh dari full hingga gak ada kebutuhan installment capacity baru. sehingga (teorinya) CAPEX hanya untuk maintenance saja dan harusnya gak gede. this is a free cash flow business kalo operasi bisa dipertahankan baik. yg menarik Fitch berani kasih Rating A+ untuk perusahaan yang baru turn-around 1 tahun. mungkin karena faktor parent company nya yg di malaysia. profil manajemen barunya rada mentereng sih. yg jelas rating A+ Fitch implied mereka melihat Titan sebagai perushaan yg going concern dan sustained operation. yet to be proved further though. resiko terbesar di bisnis dia ada di harga bahan baku. margin nya tipis dan ini bisa double -edge, improve margin sedikit bisa naekkin bottomline berlipat2 sementara kalo margin menipis bisa bikin rugi berlipat. tapi manajemen sebelum ini kayanya pake gaya cost-center jg kali buat transfer keuntungan makanya rugi dipertahanin mulu. equity wise, FCF per share 93 perak dengan BV 276. harusnya target pak tom ke 300 sih kena. meski saham sektor ini sih saya ragu bisa sampe dobel digit multiple, karena industri nya boring dan resiko perubahan nya cepat. free float 7 %. tapi ngeliat sekilas sih kendali dari 90% yg dipegang Titan Malaysia sih harusnya align sama minority shareholders. di annual report mereka emphasize ke efisiensi biaya dan ini kuncinya. jangan sampe biaya ini bengkak lagi. kalo iya gagal semua tesis investasinya. i have to say it looks appealing pak Tom., terutama Cash Flow Wise. tapi sedikit berbagi detail. pak tom bisa sharing kira2 operation-wise spread margin operasi bisa dipertahanin gak yah?! On 9 April 2010 10:45, Tom DS tom.ds.st...@gmail.com wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@gmail.com This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -- *From: *T_Henz wandi88ch...@yahoo.co.id *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@yahoo.co.id* menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com/ -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test
[ob] FPNI - to TOM.D.S
This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -Original Message- From: T_Henz wandi88ch...@yahoo.co.id Date: Thu, 8 Apr 2010 00:16:25 To: obrolan-bandar@yahoogroups.com Subject: Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada Rab, 7/4/10, eddytj eddyt...@yahoo.co.id menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? 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
Re: [ob] FPNI - to TOM.D.S
*Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@gmail.com This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -- *From: * T_Henz wandi88ch...@yahoo.co.id *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@yahoo.co.id* menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com
Re: [ob] FPNI - to TOM.D.S
FPNI saya lihat FA-nya OK bgt harga segitu juga msh murah Buy klo di bawah 199...mau nerbitin bonds buat ekspansi...cmn sayang ga ada supirnya krn emiten ga campur tangan beda dgn si B7... mgkn bakal maen lbh aktif pas IPO-nya Indopoly Swakarsa Industry Produsen film plastik kemasan milik grup Salim, Juni nanti :) --- In obrolan-bandar@yahoogroups.com, Tom DS tom.ds.st...@... wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@... This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from ââ Jαçðà ââ⢠-- *From: * T_Henz wandi88ch...@... *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@...* menulis: Dari: eddytj eddyt...@... Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com
Re: [ob] FPNI - to TOM.D.S
*FPNI kabarnya in the near term akan ada supir baru.. Mantan boss BEI akan ikut campur tangan disini. T.o.m* 2010/4/9 datasahamku datasaha...@yahoo.com FPNI saya lihat FA-nya OK bgt harga segitu juga msh murah Buy klo di bawah 199...mau nerbitin bonds buat ekspansi...cmn sayang ga ada supirnya krn emiten ga campur tangan beda dgn si B7... mgkn bakal maen lbh aktif pas IPO-nya Indopoly Swakarsa Industry Produsen film plastik kemasan milik grup Salim, Juni nanti :) --- In obrolan-bandar@yahoogroups.com obrolan-bandar%40yahoogroups.com, Tom DS tom.ds.st...@... wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@... This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from ‎​ Jαçðß ‎​™ -- *From: * T_Henz wandi88ch...@... *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.comobrolan-bandar%40yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@...* menulis: Dari: eddytj eddyt...@... Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.comobrolan-bandar%40yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com
Re: [ob] FPNI - to TOM.D.S
Thanks pak Tom and DataSahamku for your view regarding this prospective coy. Sent from Jαçðß ™ -Original Message- From: datasahamku datasaha...@yahoo.com Date: Fri, 09 Apr 2010 04:01:52 To: obrolan-bandar@yahoogroups.com Subject: Re: [ob] FPNI - to TOM.D.S FPNI saya lihat FA-nya OK bgt harga segitu juga msh murah Buy klo di bawah 199...mau nerbitin bonds buat ekspansi...cmn sayang ga ada supirnya krn emiten ga campur tangan beda dgn si B7... mgkn bakal maen lbh aktif pas IPO-nya Indopoly Swakarsa Industry Produsen film plastik kemasan milik grup Salim, Juni nanti :) --- In obrolan-bandar@yahoogroups.com, Tom DS tom.ds.st...@... wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@... This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from ‎​ Jαçðß ‎​™ -- *From: * T_Henz wandi88ch...@... *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@...* menulis: Dari: eddytj eddyt...@... Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com
Re: [ob] FPNI - to TOM.D.S
haha, data annual report, prospektus dan penawaran nya kebetulan baru masuk meja saya hari ini pak Tom.. i have to say its quite impressive. cool turn-around story. tapi sayangnya saya gak bisa ikut placement di Bond nya karena kondisi impresif nya baru berjalan 1 tahun. kalo taun depan masih sustain dan issue revolving Bond lagi mungkin saya bisa ikut masuk. nonetheless, sharing singkat info aja ini beberapa takeout menarik dari barang ini ; - pemain terbesar di Polythylene, dan cuman ada 2 pemain di Indonesia. - kalo emang bener operating performancenya bisa sustain, ini cash cow business karena ; Ini perusahaan dah lama, install pabrik dan peralatan dah lama, depreciation cost nya gede hingga Arus kas operasi nya jauh diatas net income (extra extra high quality of earnings). net income 353 Milyar sementara FFO hampir 2 kali lipat. noted bahwa utilisasi masih jauh dari full hingga gak ada kebutuhan installment capacity baru. sehingga (teorinya) CAPEX hanya untuk maintenance saja dan harusnya gak gede. this is a free cash flow business kalo operasi bisa dipertahankan baik. yg menarik Fitch berani kasih Rating A+ untuk perusahaan yang baru turn-around 1 tahun. mungkin karena faktor parent company nya yg di malaysia. profil manajemen barunya rada mentereng sih. yg jelas rating A+ Fitch implied mereka melihat Titan sebagai perushaan yg going concern dan sustained operation. yet to be proved further though. resiko terbesar di bisnis dia ada di harga bahan baku. margin nya tipis dan ini bisa double -edge, improve margin sedikit bisa naekkin bottomline berlipat2 sementara kalo margin menipis bisa bikin rugi berlipat. tapi manajemen sebelum ini kayanya pake gaya cost-center jg kali buat transfer keuntungan makanya rugi dipertahanin mulu. equity wise, FCF per share 93 perak dengan BV 276. harusnya target pak tom ke 300 sih kena. meski saham sektor ini sih saya ragu bisa sampe dobel digit multiple, karena industri nya boring dan resiko perubahan nya cepat. free float 7 %. tapi ngeliat sekilas sih kendali dari 90% yg dipegang Titan Malaysia sih harusnya align sama minority shareholders. di annual report mereka emphasize ke efisiensi biaya dan ini kuncinya. jangan sampe biaya ini bengkak lagi. kalo iya gagal semua tesis investasinya. i have to say it looks appealing pak Tom., terutama Cash Flow Wise. tapi sedikit berbagi detail. pak tom bisa sharing kira2 operation-wise spread margin operasi bisa dipertahanin gak yah?! On 9 April 2010 10:45, Tom DS tom.ds.st...@gmail.com wrote: *Yes Pak Jacob, FPNI has several expansion projects in the near future, expected to be decided end of this year. While they also published to sell bonds for working capital expansion plan. Their plastic business has been improving so fast.. T.o.m* 2010/4/8 Jacob® rxbk1...@gmail.com This question should address to TOM.D.S and Data Sahamku as those guys are knowing better about this company. And they are probably kind enough to share their insight. Sent from Jαçðß ™ -- *From: * T_Henz wandi88ch...@yahoo.co.id *Date: *Thu, 8 Apr 2010 00:16:25 +0800 (SGT) *To: *obrolan-bandar@yahoogroups.com *Subject: *Bls: [ob] FPNI - to Mbah dan Prof JT mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada *Rab, 7/4/10, eddytj eddyt...@yahoo.co.id* menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? -- Coba Yahoo! Mail baru yang LEBIH CEPAT. Rasakan bedanya sekarang! http://id.mail.yahoo.com -- Each piece, or part, of the whole nature is always an approximation to the complete truth, or the complete truth so far as we know it. In fact, everything we know is only some kind of approximation, because we know that we do not know all the laws as yet. Therefore, things must be learned only to be unlearned again or, more likely, to be corrected...The test of all knowledge is experiment. Experiment is the sole judge of scientific “truth”. - Richard Feynman
Bls: [ob] FPNI - to Mbah dan Prof JT
mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada Rab, 7/4/10, eddytj eddyt...@yahoo.co.id menulis: Dari: eddytj eddyt...@yahoo.co.id Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? 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
Re: Bls: [ob] FPNI - to Mbah dan Prof JT
Beli yang banyak biar naik.. --- In obrolan-bandar@yahoogroups.com, T_Henz wandi88ch...@... wrote: mohon terawangannya mbah dan prof JT utk FPNI ini thanks --- Pada Rab, 7/4/10, eddytj eddyt...@... menulis: Dari: eddytj eddyt...@... Judul: [ob] FPNI Kepada: obrolan-bandar@yahoogroups.com Tanggal: Rabu, 7 April, 2010, 11:04 PM Â Title : FPNI: Titan Kimia cetak laba Rp350,81 miliar Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? 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
Re: Bls: [ob] FPNI - to Mbah dan Prof JT
Perusahaan kimia PT Titan Kimia Nusantara Tbk pada akhir 2009 mencetak laba bersih Rp350,81 miliar setelah tahun sebelumnya menderita rugi bersih Rp562,31 miliar. Kenapa harga sahamnya diam tak bergerak ? Sip : tbumi Di setiap sektor emiten, tentu ada rajanya tersendiri. Investor tentu akan cari rajanya dan bukanlah prajuritnya. Kalau di sektor Kimia, AKRA dan kemudian LTLS masih bagus. Diluar kedua emiten ini berarti hanya prajuritnya saja. Ha ha ha
[ob] FPNI: mau ke 300 ?
just rumor... Saham PT Titan Kimia Nusantara Tbk (FPNI) dikabarkan akan dikerek bandar ke Rp300-500 untuk jangka pendek maupun menengah. Broker asing dan lokal mulai mengumpulkan sahamnya. Hal itu terkait rencana perseroan menebitkan obligasi April 2010 sebesar Rp500 miliar untuk ekspansi. Forex Trading Forum, Free Forex Robot , Free Forex Ebook
Re: [ob] FPNI: mau ke 300 ?
Duh kenapa harus selalu di ramein... Udah beli belom ??? :d On 3/24/10, Data Saham datasaha...@yahoo.com wrote: just rumor... Saham PT Titan Kimia Nusantara Tbk (FPNI) dikabarkan akan dikerek bandar ke Rp300-500 untuk jangka pendek maupun menengah. Broker asing dan lokal mulai mengumpulkan sahamnya. Hal itu terkait rencana perseroan menebitkan obligasi April 2010 sebesar Rp500 miliar untuk ekspansi. Forex Trading Forum, Free Forex Robot , Free Forex Ebook -- Sent from my mobile device sent from fel...@nalysis powered by ngarep.diskon.com
Re: [ob] FPNI: mau ke 300 ?
FPNI PER masih 2.9X jadi muraaah bgt :)...laba bersih 2009 sptnya bisa naik 300%. --- In obrolan-bandar@yahoogroups.com, kusumo k kusu...@... wrote: Duh kenapa harus selalu di ramein... Udah beli belom ??? :d On 3/24/10, Data Saham datasaha...@... wrote: just rumor... Saham PT Titan Kimia Nusantara Tbk (FPNI) dikabarkan akan dikerek bandar ke Rp300-500 untuk jangka pendek maupun menengah. Broker asing dan lokal mulai mengumpulkan sahamnya. Hal itu terkait rencana perseroan menebitkan obligasi April 2010 sebesar Rp500 miliar untuk ekspansi. Forex Trading Forum, Free Forex Robot , Free Forex Ebook -- Sent from my mobile device sent from fel...@nalysis powered by ngarep.diskon.com
Re: [ob] FPNI: mau ke 300 ?
FPNI mencatat laba bersih 9M09 melonjak 271,01% yoy dari Rp82,55 miliar jadi Rp306,27 miliar dipicu turunnya beban pokok penjualan. Penjualan 9M09 naik tipis jadi Rp2,9 triliun vs Rp2,86 triliun sedangkan beban pokok penjualan Rp2,41 triliun vs Rp2,63 triliun. semoga bisa ke bawa Full Year 2009. --- In obrolan-bandar@yahoogroups.com, datasahamku datasaha...@... wrote: FPNI PER masih 2.9X jadi muraaah bgt :)...laba bersih 2009 sptnya bisa naik 300%. --- In obrolan-bandar@yahoogroups.com, kusumo k kusumok@ wrote: Duh kenapa harus selalu di ramein... Udah beli belom ??? :d On 3/24/10, Data Saham datasahamku@ wrote: just rumor... Saham PT Titan Kimia Nusantara Tbk (FPNI) dikabarkan akan dikerek bandar ke Rp300-500 untuk jangka pendek maupun menengah. Broker asing dan lokal mulai mengumpulkan sahamnya. Hal itu terkait rencana perseroan menebitkan obligasi April 2010 sebesar Rp500 miliar untuk ekspansi. Forex Trading Forum, Free Forex Robot , Free Forex Ebook -- Sent from my mobile device sent from fel...@nalysis powered by ngarep.diskon.com
Re: [ob] FPNI
*Sudah tau kan newsnya sekarang.. =)* *Maaf baru sempat reply, masih jadi hari-hari yang hectic sampai jumat ini.. * ** ** *T.o.m* On Tue, Jul 28, 2009 at 4:02 PM, paramanand...@yahoo.com wrote: Pak Tom DS, FPNI mulai joget juga tuh, ada apa gerangan? Tks, Rama Powered by Telkomsel BlackBerry® + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links
[ob] FPNI
Pak Tom DS, FPNI mulai joget juga tuh, ada apa gerangan? Tks, Rama Powered by Telkomsel BlackBerry® + + + + + + + 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: mailto:obrolan-bandar-dig...@yahoogroups.com mailto: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/
Re: [ob] FPNI
Wahahahaha FPNI h. My past nightmare. gimana ya... Clue donk om Tom On Tue, Jul 28, 2009 at 4:02 PM, paramanand...@yahoo.com wrote: Pak Tom DS, FPNI mulai joget juga tuh, ada apa gerangan? Tks, Rama Powered by Telkomsel BlackBerry® + + + + + + + Mohon saat meREPLY posting, text dari posting lama dihapus kecuali diperlukan agar CONTEXTnya jelas. + + + + + + +Yahoo! Groups Links -- Regards, Langgau
[ob] FPNI, CKRA, KARK masuk UMA
Hati2 klo sudah masuk UMA biasanya ada kemungkinan di suspen sahamnya jadi lebih baik SELL dulu?? Otoritas Bursa Efek Indonesia (BEI) memasukkan tiga emiten ke dalam Unusual Market Activity (UMA) karena ada pergerakan harga saham yang tidak biasa. Ketiga saham itu adalah PT Citra Kebun Raya Agri Tbk (CKRA), PT Titan Kimia Nusantara Tbk (FPNI) dan PT Dayaindo Resources International Tbk (KARK). Sehubungan dengan terjadinya UMA atas tiga saham tersebut, perlu kami sampaikan bahwa bursa saat ini sedang mencermati harga dan aktivitas transaksi saham ini, kata Dirut Bursa Efek Indonesia (BEI) Erry Firmansyah dalam pengumuman, Selasa (5/5/2009). UMA adalah aktifitas perdagangan dan atau pergerakan harga suatu efek yang tidak biasa pada suatu kurun waktu tertentu di bursa. Yang menurut penilaian bursa dapat berpotensi mengganggu terselenggaranya perdagangan efek yang teratur, wajar dan efisien. Namun saham yang masuk UMA ini tidak serta merta menunjukkan adanya pelanggaran dibidang pasar modal. BEI mengingatkan agar investor mempertimbangkan berbagai kemungkinan yang dapat timbul di kemudian hari sebelum melakukan pengambilan keputusan investasi. Sumber: detikcom
