STOCK INDEX AND CURRENCY EXCHANGE RATE

This weekend, Composite Stock Price Index (JCI) and the rupiah to move the same direction. Thursday, February 25, 2010 and, JCI weakened 1.18% to 2549.03. Meanwhile, the rupiah, to the middle exchange rate of Bank Indonesia, also minus 0.15% to Rp 9335 per U.S. dollar. During the week, JCI dropped 0.21%, while the rupiah strengthened 0.25%.

Bhakti Securities research head Edwin Sebayang argues, the market is still waiting for final session of the Special Committee for Century Bank. Investors are also waiting for the report performance of the issuer. JCI and the rupiah is still likely to move consolidation. These conditions encourage more selective investors pick stocks.

The market had been anticipating the economic data that will come out early in March 2010. From the United States, according to Edwin, the data will be released labor rates. I predict next week, JCI will move in the range from 2494 to 2584.

Synch with JCI, the rupiah exchange rate movements are also relatively flat. Nurul Eti Nurbaeti, money market observer BNI Securities, said the action during this week to buy the corporation bought the U.S. dollar was quite high.

U.S. dominance is also influenced by the economic slump in the European region, especially the Greek deficit problem. U.S. dollar likely to strengthen against all world currencies, especially euros. These steps take hold dollars. In fact, the U.S. dollar index is still strong in the 80.89 level. This is the highest number in the last six months.

Even so, Nurul suggesting investors do not get too worried about these sentiments. Because, the central bank is still consistently maintain the rupiah in the range of Rp 9300 per U.S. dollar. Moreover, sentiment in the early months will usually be stronger rupiah, said Nurul.
Next week, Nurul project the rupiah will play in the number Rp 9200 - Rp 9375 per U.S. dollar.

Bumi Serpong shares for sale with 23% Discount
In recent years, the release of shares to strategic investors through the stock exchange floor seemed more vivid. After PT AKR Corporindo Tbk (AKRA) to placement through the Indonesia Stock Exchange (IDX) a few weeks ago, a similar move made the owner of PT Bumi Serpong Damai Tbk (BSDE). Thursday, February 25, 2010, the total volume of stock transactions reached 3.84 million BSDE Lot or about 1.92 billion shares. 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 transaction broker tersebut.Yang attractive, the transaction was done at a price of Rp 600 per share. Means, a lower value of 23.08% BSDE when the stock price closing previous trading day.

BSDE's stock price declined 22% in trade to Rp 610 per share. BSDE's stock price fell due to speculation of the release of shares at a price below market value, said Jhon Teja, Ciptadana Securities analyst, as quoted by Bloomberg. among market participants that the controlling rumors BSDE, the Sinar Mas Group, to sell some of its shares to strategic investors through a private placement patterns. But, BSDE management is not aware of any claim to such transactions. The Company does not know anything, that the authority of its shareholders, said Southeast Feniyati, Company Secretary BSDE.

Based on RTI data, as of January 31, 2010, shareholders are PT Paraga BSDE with Artamida ownership of 36.73%, and Wamer Investment (Labuan) Bhd and PT Befitting Commerce Sakti has respectively 31.16% and 5.79% of shares . While people with ownership of less than 5% have a 26.32% stake BSDE.

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

Actually, Reza said, the property business this year still has prospects. The reason, relatively low interest rates, which raises the public interest to invest in property. People's purchasing power is also better than in 2009, said Reza. Now, the identity of buyers waiting for the market shares of BSDE, Reza information. This determines the direction of stock prices following BSDE.

2009 Net Income ASII Tembus USD 10 Trillion, economic conditions are less conducive to the year 2009 and then as if not able to reduce the performance of PT Astra International Tbk (ASII). The proof, the company is still multibidang print revenue growth of 1.5% compared to the year 2008.

ASII income at year end 2009 amounted to Rp 98.52 trillion. Operating profit parent Astra Group business is up 7% to Rp 12.75 trillion. The increase was boosted ASII net profit during the year 2009 and by 9% to USD 10.04 triliun.Walau in 2009 and has a global recession, ASII still managed to record a good performance, said Executive Director ASII Presidential Task Prijono Sugiarto, in a press release ASII.

Arief Istanto, Chief of Corporate Communication ASII, explains, increase ASII income rose only thin because of the volume of car sales during the year 2009 and down 12% to 281,000 units. ASII Motorcycle sales also fell 6.8% to about 2.7 million units. Although automobile sales fell, ASII performance in 2009 and was helped by the contribution of children's efforts. Like, PT Bank Permata Tbk (BNLI) which recorded a net profit increased 6% to Rp 480 billion. While net income of PT Astra Otoparts Tbk (AUTO) increased 36% to Rp 786 billion.

Business of mining and heavy equipment, namely PT United Tractors Tbk (UNTR) managed to get the net profit USD 3.8 trillion. Mean, increased 43% from the year 2008. Sustaining performance is UNTR coal sales increased by 15%. As if he did not want to miss, PT Astra Graphia Tbk (ASGR) also managed to get a net profit growth of 7% to $ 67 billion.

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

Sedia INVS Acquisition Fund USD 50 Billion, PT Inovisi Infracom Tbk (INVS) plans to improve its performance through non-organic growth or acquisition companies engaged in the same industry. Services companies, information technology infrastructure systems are planned to hold a corporation acts in the first semester of this year.

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

If the action is successful, the acquired company will become the vehicle INVS expansion into Singapore and some other neighboring countries. Like Malaysia, Thailand, and only Vietnam.Tidak acquisition, will also INVS expanded its business to eastern Indonesia. Particularly through the 100 program development projects Smart Village and the Palapa Ring Project Phase II.

Management INVS sure his income in 2010 was increased after the realization of the plan. Benita said, INVS set revenue targets USD 140 billion or an increase of 52% of the predicted gains in 2009. While its net income by the end of the year targeted USD 28 billion, or more than doubled from the year-2009.Hingga III quarter 2009, INVS success earning USD 56 billion and net income of Rp 12 billion. However, cash funds and cash equivalents INVS only USD 9.05 billion. In addition, the Shareholders' General Meeting (AGM), INVS has received approval to increase the basic capital of Rp 240 billion to Rp 500 billion. The number of shareholders who attended as many as 74%.

Hopefully someday Indonesia equate economic position in the world with countries that have been developed .... .