STOCK INDEX AND CURRENCY EXCHANGE

INDEX STOCK AND CURRENCY EXCHANGE
This weekend, Composite Stock Price Index (CSPI) and the rupiah to move in the same direction. Thursday, February 25th, 2010 ago, the Jakarta Composite Index fell 1.18% to 2549.03. While the rupiah, Bank Indonesia to the middle rate, also minus 0.15% to Rp 9335 per U.S. dollar. During the week, JCI declined 0.21%, while the rupiah gained 0.25%.

Chief Edwin Sebayang Bhakti Securities Research believes the market is still waiting for the final session of the Special Committee of Century Bank. Investors are also waiting for the report performance of the issuer. CSPI and the rupiah is still likely to move statements. These conditions led investors to be more selective picking stocks.

Markets had anticipated any economic data that will be out early in March 2010. From United States, according to Edwin, to be released data rate of labor. I predict next week, JCI will move in the range 2494-2584.

Synch with JCI, the movement of the exchange rate is also relatively flat. Nurul ETI Nurbaeti, money market observers BNI Securities, said during this week of action buy up corporate purchasing dollars are quite high.

The dominance of the U.S. dollar also affected by the economic downturn in the European region, especially the Greek deficit problem. U.S. dollar tends to strengthen against all world currencies, especially euros. This step involved holding rupiah. In fact, the strong U.S. dollar index was at 80.89 level. This is the highest figure in the last six months.

Even so, Nurul suggesting investors do not get too worried about these sentiments. Because, the central bank keep the rupiah is still consistently in the range of Rp 9,300 per U.S. dollar. Moreover, sentiment in the early months of rupiah will usually be higher, said Nurul.
Next week, Nurul forecast the rupiah will be playing in the number of Rp 9200 - Rp 9375 per U.S. dollar.

Bumi Serpong shares for sale with 23% Discount
Lately, the release of shares to strategic investors through the stock exchange floor seems increasingly rife. After AKR (AKRA) make placement through the Indonesian Stock Exchange (IDX), a few weeks ago, a similar move made the owner of PT Bumi Serpong Damai Tbk (BSDE). Thursday, February 25, 2010, total transaction volume reached 3.84 million shares BSDE lots, or about 1.92 billion shares. While the value of transactions reached Rp 1.16 trillion.

Apparently, as many as 1.7 billion shares of Bumi Serpong transacted through the transaction own lid (crossing). This amount is equivalent to 15.55% of the total shares of the property development company. PT Macquarie Capital Securities Indonesia is a broker who conduct transactions tersebut.Yang attractive, the transaction was done at a price of Rp 600 per share. Mean, 23.08% lower value of BSDE when the closing share price the stock trades a day earlier.

BSDE stock price declined 22% in the trade to Rp 610 per share. BSDE share price fell due to speculation of the release of shares at a price below market value, said Jhon Teja, Ciptadana Securities analyst, as quoted Bloomberg.Memang, the news circulated among market participants that the controller BSDE, namely the Sinar Mas Group, sold their shares to investors through a private placement of strategic pattern. But, management is not aware of any admitted BSDE transaction. The Company does not know anything, that the authority of shareholders, said the Southeast Feniyati, Corporate Secretary BSDE.

Under the RTI data, as of January 31, 2010, shareholders are PT Paraga Artamida BSDE with ownership of as much as 36.73%, and Wamer Investment (Labuan) Bhd and PT Astra Niaga Sakti has a respective 31.16% and 5.79% of shares . While community ownership to less than 5% has 26.32% stake BSDE.

Paraga is a company owned by the Sinar Mas Group. However, the Sinar Mas Group Managing Director Sulistiyanto Gandhi denied the existence of disposal of shares by Paraga BSDE. Ownership (Paraga) remained 36.73%. Bhakti Securities analyst Reza Nugraha suspect there are two possibilities why one of the owners of BSDE off its shares. First, they viewed the property business are not very profitable. Second, shareholders need funds so need to sell their assets.

In fact, Reza said, the property market this year still has prospects. The reason, relatively low interest rates, which raises public interest in investing in property. People's purchasing power is also better than the year 2009, Reza said. Now, the market awaits the identity of purchasers of shares BSDE, continued Reza. This determines the direction of stock prices next BSDE.

2009 Net Income ASII Translucent USD 10 Trillion, unfavorable economic conditions throughout the year in 2009 and then as if unable to degrade the performance of PT Astra International Tbk (ASII). The proof, the company was still able to print multibidang revenue growth of 1.5% compared to the year 2008.

ASII revenue at year end 2009 amounted to Rp 98.52 trillion. Operating income is the parent of the Group rose 7% to Rp 12.75 trillion. The increase was boosted net profit during the year 2009 ASII ago by 9% to USD 10.04 triliun.Walau year 2009 and global recession, ASII still booked to perform well, says Managing Director of the Presidential Task ASII Prijono Sugiarto, in a press release ASII.

Istanto Arif, ASII's chief of corporate communications, explains, the increase in revenue ASII only slightly higher because the volume of car sales during the year 2009 and down 12% to 281 000 units. Motorcycle sales also fell 6.8% ASII to around 2.7 million units. Although auto sales fell, ASII year 2009 performance and still helped by the contribution of its children. Like, PT Bank Permata Tbk (BNLI) which recorded a 6% increase in net profit to Rp 480 billion. While net income of PT Federal (AUTO) increased 36% to Rp 786 billion.

Business of mining and heavy equipment, such as PT United Tractors Tbk (UNTR) managed to get a net profit of Rp 3.8 trillion. Means, an increase of 43% from the year 2008. It is cantilever UNTR performance of coal sales increased by 15%. As if do not want to miss, PT Astra Graphia Tbk (ASGR) also managed to get a net profit growth of 7% to USD 67 billion.

Only the performance of PT Astra Agro Lestari Tbk (AALI) is disappointing. Net income for producers of crude palm oil this year 2009 and down 37% to USD 1.7 trillion. This condition is caused by a decrease in the average price of palm oil amounted to 13% of the world. In fact, production rose 10%.

INVS willing Acquisition Fund USD 50 Billion, PT Inovisi Infracom Tbk (INVS) plans to enhance its performance through the growth of inorganic or acquire companies engaged in the same industry. Service providers of this information technology infrastructure system plans to corporate action in the first half of this year.

Company Secretary Benita INVS Sofia said it plans to peg the capital expenditure (capex) to $ 50 billion. All funds were placed in capital expenditures for acquisitions. Capex budget this year is greater than 2009 ago, which amounted to USD 35 miliar.INVS intend to acquire a company engaged in the field of information technology (IT), small scale and medium enterprises in Singapore. They were hoping to become the majority shareholder in the company.

If action is successful, the acquired company will become the vehicle INVS expansion into Singapore and some other neighboring countries. Like Malaysia, Thailand, and Vietnam.Tidak only acquisition, INVS also expanded its business into Eastern Indonesia. Among them through program development projects and 100 Village Smart Ring project phase II.

INVS Management believes this increase in 2010 earnings after the realization of these plans. Benita states, INVS set a target revenue of Rp 140 billion, up 52% from the predictions of acquisition in 2009. While net earnings at year end will be targeted USD 28 billion, or more than doubled from a year 2009.Hingga quarter III-2009, INVS succeeded in making a revenue of Rp 56 billion and net income of Rp 12 billion. However, the funds in cash and cash equivalents INVS only USD $ 9.05 billion. In addition, at the General Meeting of Shareholders (GMS), INVS has been approved to increase the authorized capital of Rp 240 billion to Rp 500 billion. The number of shareholders who attended as many as 74%.

Hopefully, a time when Indonesia could equate the same position in the world economy with countries that have been developed .... .