PTBA Update

As it's one of the biggest coal-miner that produce quite much amount of coal in contribution to coal export, this company is going to enlarge its portion of production.

Next year, the company is eyeing to acquisite some firms & mines that can increase its production & of course the next is the income.

The target of production increment for next year is 20%. As the market demand of coal is still large and we should know that the main market is export market and China & India is the biggest market of ours which demand grow around 9% each year, yet the coal export increment target is around 15%.

Domestically, whereas the demand will also increase as some cements factory is newly expanded & built in some Indonesia regions, that will increase the domestic consumption.

Lastly, the production quantity of PTBA in present is around 30-40mio tons. As the 3Q2009, it's booked that PTBA had production increment around 11% at the same period compaaring to 3Q2008.

The revenue for the year ended Sept'09 increased by 32% or equal to Rp6.55 trillion & the net income increased by 68.6% or equal to Rp2.23 trillion. Yet the target of increment of production will be around 15.6 tons or equal to 20% at 2009.

Some corporate actions make this firm stronger that the last action was acquisite 51% of Int'l Prima Coal, which is the sign that this copany is keep growing.

My rating is still Buy for mid-term & long term investors. For traders, it's quite hard to play short-term for this stock.
Beware!!!

Happy Investing^^
Disclaimer ON!!!

Latest Update

Latest update of PTBA & INDF is available. The updates will be posted tomorrow. As this is late now, time to sleep..

Bye....

Further Analysis (part 3)

8. PTBA

One of the best growing stock especially in coal sector. PTBA technically is testing its support trend line at 17200-17300. Well, it's also testing the support of Fibo at 16850. Overall keep this stock for a month to earn more. This is consolidation time, we can earn more profit later.

Rating: Buy On Weakness, 16500-16800, TP 17700-17750

9. SMGR

Fundamentally, certainly good. Technically, it's likely forming a declining elliot wave. So, it's likely to decline soon.

Rating: Buy, TP 7650-7675

10. TINS

One of the oldest mining company listed in IDX. As it's totally in downtrend, it might be corrected in a moment & decline in unforgettable moment. Technically, TINS has gor a Bullish reversal signal, but we still can't confirm it, just wait & see tomorrow.

Rating: Buy On Weakness, 1790-1810, TP 1940-1960

11. UNVR

Fundamentally, people uses its products then it might be quite good for long-term investment. Technically, the Bull is similar to Bear, then it might continue the rally as the MACD has reversed to increase.

Rating: Buy On Strength, 10,600-10700, TP: 11000-11200

Further Analysis (part 2)

4. BBCA
As yesterday it dropped quite a lot, today it went good. Fundamentally, BBCA won't go well, as it has increased its liability. Technicallly, it's quite dangerous that the bullish reversal is quite a little, that it might not affect a lot to create a bull. In my opinion, it's quite volatile, as the fundamental don't support. The MACD is still running downward.

Rating: Buy On Weakness, 4500-4525, TP 4650-4800

5. ENRG
As it's one of the subsidiary of Bakrie, it followed the RI planned at 185. Unfortunately, this stock has declined fast since the announcement of RI. Fundamentally, quite bad, as it has too much liability that they do RI to repay the debts.

Technically, it's still downtrend & will downgrade a lot.

Rating: Sell On Strength, TP : 140-146

6. ISAT
One of the largest communication firm in Indonesia that earned a lot & promote a lot in medias. Well, Fundamentally, the firm is still solid.

Technically, totally downtrend, that might make you trapped inside. Well, as the MACD is almost reversed, we can earn some in this stock.

Rating: Buy On Weakness, 4500-4525, TP 4700-4750

7. PGAS
This is one of the most frequent stock today beside BUMI as the Index Mover. PGAS is still solid fundamentally, as you can read in my blog weeks ago.
Technically, still uptrend & might reverse up tomorrow, as there's a sign of the Bull is coming. RSI is stronger, Stochastic is almost oversold. Soon, it will increase, wait for the Window Dressing time.

Rating: Buy On Weakness, 3575-3625. TP 3975-4000

Further Analysis (part 1)

Today, I'll analyze more on LQ45 stocks, which are known as blue-chips. Well, today I'll give you analysis in simple & short analysis.

1. AALI

One of the best agriculture company that's owned by Astra Group, which operates well with high revenue. Fundamentally, the firm won't earn a lot for long-term as the plant is quite old & need to be replanted.

Technically, the stock is still in Bull. As tomorrow, it might open lower, that we can use this chance to get profit that it might get a bollinger bounce, in addition, the MACD has almost reached the reversal spot, then we can use this chance.

Rating: Speculative Buy, Entry : 22200-22250, TP 23300-23400 (resistant), Cut loss: 2%

Trend support 21650-21700

2. ADRO

Well done, as predicted yesterday that it really bounced back but hasn't passed the middle band. Still fundamentally, for long-term we can keep this. Technically, it's quite risky to wait if you speculate at the resistant. It's better to buy at lower band, rather than buy at the middle band.

Rating: Buy ON Strength, TP 1780-1820, Buy at support : 1680-1690.

3. ASII

No doubt that this company will improve & keep improving, as it's well-managed with large increment of sales.

 Technically, this stock is quite volatile in position. While it closed lower than the open. Which means that the Bear is coming....

Rating: Sell On Strength, TP: 34600-34800