Riset Rabu 17 April 2013, CPO dan Emas

Surabayaku kumpulan riset nya pagi hari ini ada tentang CPO,
semoga jalan dikit dah cpo ini
Yah, riset tentang CPO minyak goreng kita masih belum keren, yah invest long term lah

RISET FR CIMB 17 APRIL 2013 :


1.Plantations | A less fruitful outlook

NEUTRAL - Maintained

by Erindra KRISNAWAN, Erisca WIRAATMADJA
Cost pressure remains a key risk and sector profitability has been dented by our recent earnings cuts for Indonesian planters on the heels of a CPO price downgrade. But the sector’s lower returns are priced in as the sell-off has taken EV/ha to the low end of market transactions. We remain Neutral on the Indonesian plantation sector as the CPO price outlook is less upbeat and production costs are on the rise. We now prefer planters with strong output growth and better estate profitability which will mitigate margin erosion from weaker prices and higher labour costs. This is the reason why BW Plantation (BWPT) is our top pick.
Sector Comparisons :

AALI Neutral TP 19,900

BWPT Outperform TP 1,500

LSIP Neutral TP 2,000

SIMP Neutral TP 1,058

SGRO Neutral TP 2,250

(16 April 2013)

2.Alpha Edge | Gold breaks its legs by Nigel FOO,

Gold’s key support trendline gave way at the end of last week with prices cascading a shocking 14% in only two trading days. There is further downside for gold, in our reckoning. The Continuous Commodity Index's weekly chart shows the index in a sideways channel consolidation since last Sep with support at 500 and 525. We remain bullish on crude oil as long as prices do not fall below US$84/barrel. (ASIA - 16 April 2013)

Menurut Muhamad Alfatih
GOLDS confirmed bearish, akan bergerak di 1250-1500.
GOLDS sebagaimana yang sudah kami khawatirkan sejak Februari yang lalu (lihat posting dibawah).
Target penurunan teoritis ada disekitar 1250.
Namun, ada support relatif disekitar 1300, dan hari ini rebound ke 1377.
Kemungkinan rebound ke sekitar 1430-1486-1500.
Untuk naik keatas USD1500 per troy ounce, nampaknya sulit.