Indonesian Property, Restraining growth, CLSA

Central Bank’s regulation of 30% min down payment for mortgage will
have more negative impact on demand for the lower income segment,
rather than the mid-up. Some listed developers have exposure to the
mid-low segment, but this is less than 15% of sales. Some developers
have already applied higher DP, hence will experience minimal impact.
To sustain demand, developers may extend payment period for DP or the
instalment period. Sector remains compelling; now at 36% disc to NAV.

Market Strategy, Driving Conviction, CLSA

At the beginning of the year we based our Conviction List around 3 key
investment drivers for 2012: 1) The return of FDI and competition 2)
Progress on investment & infrastructure 3) The lower cost of capital.
While the JCI has been muted our Conviction List has performed very
strongly YTD. We are OW media, infra, property & cement as they are the
beneficiaries of these tailwinds which continue to play out.

Bumi Resources, Alert: Non-Deal Roadshow Insights: Turning Shareholder Friendlier? - Citi

 Generally positive response —The majority of 28 investors we met during the NDR in
UK and Europe last week appeared to be underweight or neutral at best on Bumi
Resources. However, most of the investors warmed up to the company’s main
messages of deleveraging and production ramp up. Hence, the share price is likely to
see a substantial rebound if the company delivers on these key issues.

Saham Pilihan Selasa, 20 Maret 2012

BWPT : MACD dan histogram masih dalam tren penguatan.

Support    : S1  1.620    S2  1.580

Resisten   : R1  1.720    R2  1.790

Rekomendasi : Trading Buy