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P H
Nov 29,2016 10:14:30

FSA released a new stock list for Syariah index

The Financial Services Authority (OJK) has released a new stock list for the Syariah index. The FSA has added Waskita Beton Precast ($WSBP), Energi Mega Persada ($ENRG), Aneka Gas Industri ($AGII), Malindo Feedmill ($MAIN), Gajah Tunggal ($GJTL), Bumi Resources Mineral ($BRMS), Cikarang Listrindo ($POWR), and Hexindo Adiperkasa ($HEXA). Furthermore, The FSA has deleted Surya Citra Media ($SCMA), Jasa Marga ($JSMR), Modernland Realty ($MDLN), and Nirvana Development ($NIRO). (OJK).

Bahana comment: SCMA's removal from the syariah index has been well flagged by management in the past couple of months, given the company's strong revenue growth coming from the tobacco sector (non-halal), which accounts for more than 10% of total revenue. Note that competitor $MNCN is also not inside the Syariah index list.

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P H
Jul 22,2016 16:49:08
LAHAN INDUSTRI - Penjualan Di Jakarta Pada Kuartal II Tumbuh 49,7%....Pencapaian tersebut terutama ditopang oleh PT Bekasi Pajat Industrial Estate Tbk ($BEST) yang telah berhasil menjual lahan sleuas 11,2 hektare hingga saat ini. Adapun total penjualan lahan industri hingga akhir tahun 2015 sebesar 347,51 hektare, sehingga bila dihitung total penjualan lahan industri pada kuartal II/2016 baru mencapai 13,9% dari total penjualan lahan industri sepanjang 2015. Sementara harga jual lahan di kuartal II tahun ini berbeda-beda sesuai dengan lokasinya. Lahan industri di Serang Banten mengalami kenaikan terutama setelah PT Modernland Realty Tbk ($MDLN) menaikkan harga lahan. Namun, harga lahan di Serang tersebut masih di bawah harga rata-rata industri.

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P H
Apr 20,2016 12:16:06
Developers received lower ratings as risks surge

State ratings agency or Pemeringkat Efek Indonesia (Pefindo) recently issued lower ratings and a less favorable outlook for some property developers. Intiland (DILD) received both lower rating and negative outlook due to company’s weakening capital structure and cash flow, of which resulted from smaller revenues and higher loans booked as of Dec’15. Though Pefindo maintained Agung Podomoro (APLN)’s (A-) rating, it changed its outlook to negative as the ongoing legal case would taint company’s brand and business reputation. Meanwhile, Modernland (MDLN) received negative outlook despite its (A) rating due to delayed property handovers and MDLN’s Rp6.79tn indebtedness, a 34.72% increase YoY

$DILD $APLN $MDLN
Bear
P H
Apr 08,2016 09:09:22
Property: Demand is still there based on rumah123.com survey
Rumah123.com have performed a survey to 12.000 respondents in Indonesia, Malaysia, Singapore and Hong Kong for their
appetite in Indonesia’s property market. They found that demand for property is still high, with the majority of respondents
thinking that now is the right time to buy. According to the survey, landed house is the most popular type of property, while
land follows it in second place. The most favorite pricing range is Rp300mn to Rp1bn; with terms of payment still focus on
KPR. Rumah123.com predicts that property sales will increase by 5%-10% in FY16.

$BSDE $ASRI $MDLN $BKSL $CTRA
Bull