Friday, April 27, 2007

Pan Brothers to Pay Dividends of IDR1 per Share on June 4

StockWatch (Jakarta) - Garment company PT Pan Brothers Tbk (PBRX) has planned to pay cash dividends of IDR445.440 million (IDR1 per share) for the 2006 fiscal year, the management said.

The management said that the dividends will be paid out on June 4, 2007, and the total dividend value (IDR445.440 million) is only 4.5% of the 2006 total net profit which was IDR9.747 billion.

The dividends will be paid out to the shareholders whose names are recorded on May 23, 2007, and the plan to pay the cash dividends was approved by the shareholders in the AGM on Monday (23/4) in Jakarta.

Cum dividend dates in the regular/negotiated and the cash markets are May 16 and 23, 2007, while ex dividend dates in the two markets are May 21 and 24, 2007. (yan/bud)

Bank Danamon 1Q Net Profit Soars 92%

StockWatch (Jakarta) - PT Bank Danamon Tbk (BDMN) booked net profit of IDR482 billion in the first quarter of 2007, rising sharply by 92% from IDR251 billion in the same period of 2006, the bank's president Sebastian Paredes said.

Paredes said here yesterday (26/4) the sharp increase was triggered by the operatingrevenue that climbed up by 41% at IDR2.163 trillion from IDR1.539 trillion, while net interest income, provision and commission contributed 35% and 61% of the operating revenue.

"The total assets stepped up 20% at IDR84.946 trillion from IDR70.758 trillion, while the public fund climbed up 21% at IDR58.475 trillion, supported by the sharp hike in deposits and savings," he said further.

Bank Danamon's loans to small- and medium-scale businesses and the commercial sector increased by 11% and 13% each at IDR8.339 trillion and IDR5.544 trillion, while loan to the corporate sector was up 15% at IDR5.535 trillion.

Meanwhile, Danamon's director and chief financial officer, Vera Eve Lim, said the NPL (gross) was 3.2% or slightly lower than 3.3% in the same period of 2006. "But the net NPL remained zero because the ratio of debt write-off to NPL was 158% after figuring in the guarantee value," Lim added. (dwi/bud)

JCI Closes Lower 3.323 Points at 2,012.710

StockWatch (Jakarta) - The Jakarta composite index (JCI) closed lower in the first session today (27/4) by 3.323 points (0.165%) at 2,012.710 on 63 losers compared to 81 gainers, while 59 stocks were flat.

Likewise, the LQ45 Index also stepped down by 1.370 points (0.317%) at 431.319 and the Jakarta Islamic Index (JII) stumbled by 0.982 points (0.280%) at 349.219.

Meanwhile, the total transaction volume consisted of 2.713 billion shares with value of IDR1.693 trillion with frequency of 26,255 transactions.

Among the losers were TINS by IDR650 or 5.12% at 12,050, ANTM by IDR200 or 1.26% at 15,650, BBRI by IDR150 or 2.73% at 5,350, TLKM by IDR50 or 0.90% at 10,750 and ASII by IDR50 or 0.33% at 14,900 per share.

At the same time, CMNP rose by IDR125 or 5.26% at 2,500, UNTR by IDR100 or 1.30% at 7,800, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450, BHIT by IDR60 or 5.22% at 1,210 and BDMN by IDR50 or 0.74% at 6,800 per unit. (yan/bud)

CP Prima Shares Uptrend

StockWatch (Jakarta) - Shares of animal feed producer PT Central Proteinaprima Tbk (CPRO) are expected to increase further after closing up IDR 15 per share yesterday (26/4) at IDR300, considering that some technical indicators have entered a positive area.

Ronny Nababan, an analyst at PT reliance Securities Tbk (RELI), said the shares are moving within an uptrend area, while in the previous trading day the shares were consolidating after rising sharply.

Nababan said that generally the middle uptrend channel line has confirmed a breakout supported by the MACD indicator which is moving uptrend. Besides, CPRO has just broken the sector and the JSX indices, which should open a way for increasing further.

However, he has reminded that the shares are likely to consolidate in the short term though it may hike at IDR350/360 per share in the long term. (esta/bud)

Pan Brothers Shares Speculative

Friday, 27 April 2007 12:47:04
StockWatch (Jakarta) - Increase in shares of PT Pan Brothers Tex Tbk (PBRX) are considered to be caused by speculations although the shares are technically uptrend, after closing higher yesterday (26/4) by IDR60 at IDR710 per share.

Muhamad Karim, an analyst at PT Reliance Securities Tbk (RELI), said that the garment company's shares still have a potential to climb up further, moreover considering the bullish market with the index breaking level 2,000.

Karim said further that PBRX managed to break level IDR710 per share which indicated that the shares had been affected by the market movement in general umum.

He said that technically the shares have moved sideways in the last one month after breaking resistance target at IDR690-700 per share. He said the stock price is now close to the support of the rectangle formation after the rounding bottom pattern which was formed previously failed to confirm.

Meanwhile, the MACD and the RSI indicators are moving downtrend which should mean a sign of consolidation in the short term. Karim said that the market hike in general is likely to change the movement trend of PBRX in the future .

Karim said further that since the stock is moving closer to the support of the rectangle formation, investors are called to do a speculative buying with resistance target around level IDR750 per share. (esta/bud)

Bank Eksekutif CAR Lower at 8.75% as of March

Friday, 27 April 2007 17:49:19
StockWatch (Jakarta) - PT Bank Eksekutif Internasional Tbk (BEKS) booked a capital adequacy ratio (CAR) of 8.75% as of March 2007, lower than 10.55% in the same period of 2005.

Bank Eksekutif management said non-performing loan (NPL net) stepped up from 4.73% at 4.81% while loan-to-deposit ratio (LDR) climbed up at 79.51% from 78.44%.

At the same time, return on assets (ROA) was minus 3.16% versus 0.57%, return on equity (ROE) also minus 73.69% compared to 8.63% and net interest margin (NIM) rose from 3.95% at 8.52%.

Bank Eksekutif booked net loss of IDR10.156 billion (IDR12 per share) versus net profit of IDR2.089 billion (IDR3 per share) while net interest income increased from IDR10.477 billion to IDR18.981 billion whilst other operating revenues decreased at IDR1.494 billion from IDR1.649 billion. (yan/bud)

Arthavest 1Q Net Profit Up Sharply 273.83%

Friday, 27 April 2007 17:52:29
StockWatch (Jakarta) - Stock brokerage, trading and corporate financing company PT Arthavest Tbk (ARTA) booked net profit of IDR697.387 million (IDR1.59 per share) in the first quarter of 2007, up sharply by 273.83% versus IDR186.551 million (IDR0.43 per share) in the same period of 2006.

The net profit was up significantly supported by the operating revenue which climbed up from IDR2.627 billion to IDR3.494 billion, so the company was able to book gross profit at IDR840.705 million versus net loss of IDR375.866 million.

The operating expense stepped down from IDR3.002 billion to IDR2.653 billion, while other net revenues decreased at IDR79.692 million from IDR452.762 million, and the pre-tax profit climbed up from IDR76.995 million to IDR920.258 million. (dwi/bud)