COMMODITY RATES BETWEEN STOCK AND HIGH DEMAND

Potential increase in commodity prices in 2010 helped encourage optimism this heavy equipment company. PT Hexindo Adiperkasa Tbk (HEXA), for example, in the period April 2009 to March 2010, set a sales target of 1400 units of heavy equipment. The next year, namely at the end of March 2011, HEXA projecting, heavy equipment sales up 15% -20% from March 2010. Note course, HEXA did wear the fiscal year April to March.


Period January to December 2009, HEXA sell 1100 units of heavy equipment, declining 31.25% of sales during 2008 that as many as 1600 units. However, the performance HEXA pretty good last year. Until the third quarter ended December 31, 2009, they recorded a revenue of U.S. $ 229.57 million, up 13.14% from the same period in 2008.

The net profit grew 21.69% to be U.S. $ 21.2 million. HEXA performance driven by the sales contribution of large heavy equipment and spare part, Company Secretary said HEXA, Heri Akhyar.

Throughout the year 2010, the company's heavy equipment supplier Hitachi brand is preparing a capital expenditure of U.S. $ 3 million-US $ 4 million. These funds will be used to replace equipment and open new branches. Capital expenditure came from cash HEXA. Internal money this company is still large. Until December 31, 2009, HEXA had cash and cash equivalents of U.S. $ 35.8 million.

Analysts saw, heavy equipment sales targets until the year 2011 HEXA quite realistic. Because economic growth in 2010 will be much better than in 2009.
That optimism is reflected in the mining and plantation companies to raise capital balanja. Expansion of mining and plantation companies boost performance for heavy equipment companies such as HEXA, said Joseph Pangaribuan, analyst Samuel Securities Indonesia.

Vice President Valbury Asia Futures Nico Omer Jonckheere predict, until the end of 2010, sales of heavy equipment HEXA will rise 10% -15% from the year 2009. This together with the many various government infrastructure projects and private.

Universal Brokerage Securities analyst Zachary Andri Siregar said, until the end of the year 2010 HEXA may be able to sell 1910 units of heavy equipment.
Therefore, he predicted, HEXA performance this year will be increased. The count, HEXA will get a revenue of U.S. $ 270 million. The net profit of U.S. $ 29.6 million.

Nico Omer HEXA also saw revenues could reach U.S. $ 338 million and net income of U.S. $ 35.76 million. According to Nico, HEXA has the advantage because they have heavy equipment products are large. From here, they can get higher margins. Moreover, a large enough demand. Many companies that require such equipment to increase productivity and cost efficiency.
But Nico HEXA see stock prices are too expensive. With a target of USD 3825 per share, as Nico suggested selling price is Rp 4,000 per share.
Andri sees HEXA stock price is still cheap. Price earning ratio (PER) HEXA 14 times, while the industry PER 15 times. Andri recommend buy with target of USD 4800 per share. On February 4, HEXA stock price closed up 1.99% to USD 3850 per share.

Request IPO shares up 2.8 Excess PP time
PT PP has completed the entire process of offering to the public or an initial public offering (IPO) on February 3 last. Apparently, interest of investors of the company shares ur red plate is high enough. In fact, the demand exceeds the target.

Musyanif, Director PP, say, offering its shares had surpluses to 2.8 times. With the number of shares released 1.04 billion or 21.46% of the total shares, meaning that investors demand to reach 2.91 billion in stock. This is equivalent to Rp 1.63 trillion if BASED ON IPO price of Rp 560 per share.

Total number requests it also reached the initial offering to institutional investors had oversubscribed 1.7 times as much or Rp 900 billion. Well, the allocation for institutional investors as much as 70% of the total IPO shares. The rest are sold to retail investors that the bid took place on 1 February to 3 February 2010. On the second day, offering the PP has started the excess demand, Musyanif said.

However, PP had no intention of increasing the number of shares off the show. This construction company will get the funds IPO Rp 581 billion. As many as 59% of the IPO funds allocated for investment. The rest for working capital. Investments as investments in Cilegon power plant project is Rp 3.3 trillion, Musyanif said.

According Kartiko Wirjoatmodjo, Sekurutas Independent Director, as the underwriter for the IPO of PP, PP prime stocks also managed to attract foreign investors. There are two major foreign investors, namely Fidelity and Pheim Asset Management, said Kartiko. In addition to these two hedge funds, there are also a number of other foreign institutions. But, his name is not for the two investors, said Kartiko.
Institutional investor status of State Owned Enterprises (SOEs) did not want to lose. PT Workers Social Security (Social Security) into most stock buyers PP, and beat Fidelity. Jamsostek buy shares of PP 12% -14% of the total shares offered.

Besides Social Security, there are some pension funds bought shares of companies join once called this Housing Development. There are pension funds from Telkom, Bank Mandiri, and several others, said Kartiko.
Musyanif also once said, pertamina pension funds, post offices, and Jasa Marga are interested in owning stock PP. Total purchases of shares from pension fund investors to reach 5% more than the total IPO shares.

After the spread of this offering, the PP will be the floor of the Indonesia Stock Exchange (BIE). Dated February 9, PP shares to be listed and begin trading on the Indonesia Stock Exchange.
PP target contract or order book of USD 16.2 trillion in 2010 or an increase of 65.57% of contract value in 2009.