United Tractors, Good performance, CLSA

UT reported a solid FY11 result where revenue and net profit rose 48%
and 52% YoY, respectively, beating consensus estimate by 7%. UT is a
direct beneficiary of growing demand for coal given its dominance in both
heavy equipment and mining contracting business. The upside comes
from continuing strong demand for mining equipment, potential boom in
demand for construction equipment as more infra gets developed, and an
increase in production of its coal assets. BUY.

Bakrie Telecom, New business units will help revenue grow, but Bakrie Telecom still loss-making and highly geared, Credit Suisse

● In an environment of rising price points in Indonesia, Bakrie
Telecom has also raised tariffs, with the standard price for on-net
calls in doubling from Rp1/second to Rp2/second. We therefore
expect a revenue bounce (circa 6.0% QoQ) into 4Q11.
● On the other hand, 9M11 revenue figures were very weak, and so
we have revised down our FY11 revenue and EBITDA forecasts
by 14.5% and 20.1%, respectively. The projected FY11 net loss
per share expands five-fold.

Saham Pilihan Senin, 27 Februari 2012

AALI : Minat jual terlihat masih cukup tinggi, namun tekana diperkirakan akan terbatas terlihat dari stochastic yang mulai menyentuh area oversold.

Support    : S1  21.100    S2  20.500

Resisten   : R1  21.750    R2  22.050

Rekomendasi : Buy on Weakness