Tuesday, February 13, 2018

Indonesia - Stock Picks for Today - February 14, 2018: KLBF, BUMI, BNGA, BBTN, BDMN, BBNI, PGAS, GMFI, UNTR, BSDE, PTSN

1. Kalbe Farma (KLBF)
  • In 2018, the company would raise the dividend pay out ratio of 45% – 55%. This amount is slightly above pay out ratio 2017 of 40%-50%.
  • This year, the company is targeting revenue growth of 7% and net profit amounted to 9%.
  • In 2017, KLBF revenue is Rp 20.19 trillion, up 4.3% from 2016 Rp 19.37 trillion. Net profit 2017 of Rp 2.38 trillion or rose 3.5% from the year 2016 Rp 2.3 trillion.
  • KLBF on 2018 prepared a capital expenditure of Rp 1 - 1.5 trillion.
2. Bumi Resources (BUMI)
  • The coal commodity prices moved up over China Government plans to tighten up the supervision of  illegal coal mining. This is done for the sake of ensuring the safe operation of mines and reduce production capacity. Coal mines that fail to meet the measures of safety or operational standards will be closed.
  • Quoting Bloomberg, at the close of trade Monday (13/2), the price of coal delivery contract April 2018 in ICE Futures Europe rose 0.68% to as low as US $96.40 per metric ton compared to previous sessions. However if compared to previous week, prices are still corrected around 4.13%.
3. CIMB Niaga (BNGA)
  • The company managed to obtain write-off recovery amounted to Rp 266 billion as per September last year. The realization increased 86% from the same position in the previous year amounted to Rp 143 billion.
  • BNGA targeting a ownership credit apartments (KPA) can grow up to 10% on an annual basis (yoy) in 2018.
  • Until the quarter III-2017, CIMB Niaga recorded mortgages amounted to Rp 26.5 trillion or 12.1% yoy, up from the same period last year of Rp 23.63 trillion.
  • The company is also confident of an agricultural credit, especially for palm industry, will grow up to 10% on an annual basis (yoy).
4. Bank Tabungan Negara (BBTN)
  • The company posts net profit of Rp 3,02 trillion in 2017, up 15.59 % year on year, compared with the previous year's realization of Rp 2,61 trillion.
  • Net interest income of the year 2017 of Rp9,44 trillion, or rose 14.45 percent (yoy) compared to the previous year. Meanwhile, other operating income reached Rp1,61 trillion or grew 25.39 percent (yoy).
  • Now, the company's assets was recorded at Rp 261.36 trillion or rose 22.04 percent compared to the previous year.
5. Bank Danamon Indonesia (BDMN)
  • Net income after tax was recorded at Rp 3.7 trillion in 2017, or grow 38 % compared to the same period of the previous year of Rp 2.67 trillion.
  • Net interest income recorded or Rp 14.170 trillion in 2017, or grow 3 % compared to the same period of the previous year of Rp 13.793 trillion.
  • Total assets in 2017 of Rp 178.257 trillion, or rose 2 % compared to the same period of the previous year of Rp 174.437 trillion.
6. Bank Negara Indonesia (BBNI)
  • BBNI awarded the 11th Annual Best Deal & Solution from Alpha Southeast Asia Awards for the category "Best Remittance Providers in Southeast Asia 2017." This is the ninth time the company received the award. Through the year 2017, BNI has served remittance worth USD 36 billion.
  • During 2017, BNI booked revenue from trade finance amounted to Rp 1.7 trillion, or rose 30.61% yoy. From the volume, trade finance 2017 rose 25.01% yoy to USD 40.55 billion.
7. Perusahaan Gas Negara (PGAS)
  • PT Saka Energy Indonesia, a subsidiary of PGAS, targeting two oil and gas field in Block Pangkah field, namely Sidayu and West Pangkah, can begin producing by the end of 2018.
  • After touching the lowest level since August 2016, natural gas prices finally managed to rise. The fall of the US dollar index ahead of the release of inflation data on the USA in January become positive catalysts that trigger a rebound of natural gas.
  • Quoting Bloomberg, Tuesday (13/2) at 16.00 GMT, the price of natural gas delivery contract March 2018 on the NYMEX rose 2.27% to as low as US $2.610 per mmbtu. However, if compared to the previous week, the price is still down about 5.4%.
  • Oil and Gas Committee from Commission VII Indonesia People's Representative Council ensure PGAS have the ability to execute the assignment from the Indonesia Government, especially for the realization of a sovereign and independent Indonesia in the field of energy.
8. GMF AeroAsia (GMFI)
  • GMF AeroAsia signed cooperation agreements valued at USD 2.4 billion with Garuda Indonesia (GIAA)
  • At the Singapore Airshow 2018, the company did signing cooperation of aircraft maintenance with over 25 airlines from both home and abroad. In addition the company also did a signing a partnership with CFM International (a joint venture between GE and Safran Aircraft Services)
9. United Tractors (UNTR)
  • The national heavy equipment production year 2018 targeted amounting to 7,000 units, up 24.8% compared to the realization of the production of the year 2017 that reached 5,609 units. The target of this year boosted demand from the mining sector was enjoying prices of commodities and construction sector booming.
  • Heavy equipment production capacity in Indonesia is currently 10,000 units, but the utility still 70%. Gap between installed capacity and production targets occur due to lack of supply of raw materials that are not yet stable and also the lack of labor.
  • The company targeting, sales this year are up 10% compared to the realization of the year 2017.
10. Bumi Serpong Damai (BSDE)
  • The company predicted revenue of 2017 can be 30% higher than the estimate on analysts.
  • This year 2018, Sinarmas Group through PT Bumi Serpong Damai (BSDE) will have budgeted capital expenditure amounting to Rp 4 trillion. The funds will be used to land acquisition and to manage recurring income projects.
  • The company has had the portfolio in nine cities, two in Sumatra, there are two in Kalimantan, Sulawesi, Makassar, Semarang, Surabaya and other jobs. In BSD City alone, the company has 6,000 acres development permit hectares.
11. Sat Nusapersada (PTSN)
  • A new company, Global HMD (Finland company affiliated with Nokia), released the Nokia smartphone Android products. The company has been collaborating with PT. Sat Nusapersada to meet the local content regulations (TKDN)

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