BRI, Focusing on loan quality, CLSA

BBRI reported strong net profit growth of 31.5% YoY for FY11, 10%
above consensus estimates, thanks to low impairment expenses and high
recovery from written off assets. The bank claimed to be in consolidation
period last year causing its loans growth (17% YoY) to be below the
industry’s 25% YoY. We are projecting higher pre-impairment profit this
year on the back of higher loan growth and further improvement in asset
quality. We upgrade our 2012CL by 10.5% and maintained our TP at
Rp8,500/share. BUY.

ABM Investama Subsidiary Cipta Kridatama Secured a US$ 300 Million Mining Contract with PT Riau Baraharum

Jakarta, March 5, 2012 – PT Cipta Kridatama, a subsidiary of PT ABM Investama Tbk. (IDX: ABMM) that operates in mining contractor service just signed a new contract with PT Riau Baraharum with value of around US$ 300 million. PT Riau Baraharum is a subsidiary of PT Permata Energy Resources, which had obtained legal mining license (PKP2B) and other licenses including a forest-lending permit in Indragiri Hulu and Indragiri Hilir regency, Riau province.
 
With the contract signing, Cipta Kridatama will provide mining contract services to PT Riau Baraharum for the next five years with scope of work including land clearing, overburden removal, and heavy machinery rentals. 

Saham Pilihan Selasa, 6 Maret 2012

BSDE : Tepat seperti diperkirakan kemarin, BSDE berhasil menguat dan kali ini didukung oleh munculnya indikator bullish parabolic sar masih membuka peluang berlanjutnya penguatan

Support    : S1  1.200    S2  1.160

Resisten   : R1  1.250    R2  1.300

Rekomendasi : Trading Buy