Bottom-line impact of 2-3% — Bank Indonesia’s (BI) intention to use higher Reserve
Requirment (RR) to combat inflation looks to reduce large banks’ profits by 2-3%
(annualized). Rate hikes on the other hand, favor large, liquid banks. The impact
assumes 300bps hike (same as in Nov 2010) with zero payment. This is the worst case
scenario as BI opted to pay 2.5% on the 300bps increase of Nov 10 (remaining 5% of
Primary Reserves @ 0%). January-end local currency deposits are Rp2319trn and, if
BI does opt for +3% @ 0%, will absorb liquidity of Rp70trn and save BI Rp2.1trn.
Jumat, 16 Maret 2012
AsiaUSA Market strategy, Not just Chindia: Asean arising, CLSA
With 37% of its population under 20, Asean’s labor force is set to grow by
more than 56 million this decade as China’s labor force begins to fall,
setting up the region as the next low-cost manufacturing zone. Rising
disposable incomes will lift 50 million people into the middle class while
13% pa growth in discretionary spending power unleashes a wave of
consumerism. Our top ten Asean-USA picks are: Chevron, Coca-Cola,
Hess, Las Vegas Sands, Mead Johnson, National Oilwell Varco, Philip
Morris International, Starbucks, Western Digital and Yum! Brands.
more than 56 million this decade as China’s labor force begins to fall,
setting up the region as the next low-cost manufacturing zone. Rising
disposable incomes will lift 50 million people into the middle class while
13% pa growth in discretionary spending power unleashes a wave of
consumerism. Our top ten Asean-USA picks are: Chevron, Coca-Cola,
Hess, Las Vegas Sands, Mead Johnson, National Oilwell Varco, Philip
Morris International, Starbucks, Western Digital and Yum! Brands.
Saham Pilihan Jumat 16 Maret 2012
ASRI : MACD berpeluang golden cross
dan histogram mendekati area positif membuka peluang berlanjutnya penguatan.
Support :
S1 600
S2 580
Resisten : R1 620 R2 640
Langganan:
Postingan (Atom)