Tambahan Market News, 15 Agt 2013

Daily News 15/8

Total Bangun Bids for 4.33t Rupiah of Contracts, Kontan Reports  7:04

[TOTL IJ  990.00, -20.00 1.98%]

   Co. is bidding for 2.5t rupiah office building contract, 830b rupiah apartment project, 400b rupiah retail center contract, 130b rupiah factory project and 470b rupiah of other contracts, Kontan reports, citing Corporate Secretary Elvina Apandi Hermansyah.

• Co. achieved 30.62% of new contract target of 1.2t rupiah in 2013 as of June

Michael Kors, Matahari Among Surprise MSCI Additions: SocGen  6:32

   Michael Kors a “surprise” addition to MSCI DM Index; Matahari Department, Mediclinic International “surprise” additions to EM: SocGen note to clients.

• Largest developed market weighting increases from MSCI quarterly index review incl.

• Glencore may be due to lock-up expirations

• Google due to some conversions and large size

• Nordea 5% float increase

• Rexel 20% float increase and share increase

• Orix among largest Asia increases due to 13% share gain

• Largest DM weighting decreases incl. AT&T, Exxon Mobil, Pfizer, Novo Nordisk, Royal Dutch Shell, Ziggo, Astellas... More

Technical Analysis: Jollibee Foods, Anhui Conch, Tower Bersama  5:05

   Asian stocks by sector showing oversold signals (trade below 20/50/100/200 DMAs, Bollinger lower band; have RSI below 30):

• Sinar Mas Multiartha (SMMA IJ)

Asian stocks by sector showing overbought signals (trade above 20/50/100/200 DMAs; Bollinger upper band; RSI above 70):

• Consumer discretionary: Intime Retail (1833 HK), Jollibee Foods (JFC PM), Motherson Sumi Systems (MSS IN)

• Energy: Petronas Dagangan (PETD MK)

• Financials: Bank of East Asia (23 HK), China Overseas Land & Investment (688 HK), Country Garden (2007 HK), Hang Seng Bank (11 HK), Longfor Properties (960 HK), Shanghai Lujiazui... More

SE Asian Stocks to Watch: Global Logistics, Malaysian Air, Midas  4:57

   MSCI South East Asia Index rose 0.2%, paring YTD decline to 0.3%. Click here for list of 18 stks trading ex-div.

Indonesia

• Bank Pan Indonesia (PNBN IJ): Up 25% over last 2 days; ANZ Banking Group said to be in talks to sell its 39% percent stake to Mizuho Financial

• Matahari Department Store (LPPF IJ): To be added to MSCI Indonesia Index

• Bank Indonesia to decide Aug. benchmark rate

Malaysia

• Dolomite (DOLM MK): 2Q net 7.8m ringgit vs 1m yr ago... More

Asia Daybook: Indonesia Rate, MSCI Changes, China Mobile, Lenovo  4:34

   Today: MSCI stock index review, Indonesia rate decision, MK Restaurants $290m IPO trading debut, Singapore retail sales; earnings from Wesfarmers, China Mobile, Lenovo, CIMB. Markets in India, South Korea closed for holidays.

   NOTE: Click here to subscribe to the Asia Daybook; to create your own custom calendar, click BCAL <GO>; to get a daily e-mail of custom calendars, click BCAL ALERT <GO>

   WHAT TO WATCH:

• Matahari Department Store, Eclat Textile and Mahindra & Mahindra Financial Services added to MSCI Global Standard Indexes in Asia, Tung Ho Steel the sole deletion; full list

• H.K. stock market reopens today after being closed y’day due... More

Matahari Department, Eclat Textile Added to MSCI Global Indexes  4:18

   The following are changes in constituents for the MSCI Global Standard Indexes in Asia which will take place as of the close of August 30. For the global list, click here

MSCI India Index:

• Additions

• Mahindra & Mahindra Financial Services

MSCI Indonesia Index:

• Additions

• PT Matahari Department Store Tbk

MSCI Taiwan Index

• Additions

• Eclat Textile

• Deletions

• Tung Ho Steel Enterprise Corporation

Tesla, Michael Kors to Join MSCI World Index  4:04

   7 securities to be added, 3 to be deleted from MSCI ACWI index, MSCI says in statement.

• Additions to MSCI Emerging Mkts include Mediclinic, Matahari, Mahindra & Mahindra

Statement

Indonesian Equity Movers: Bank Panin, Express Transindo, Tower  8/14 16:26

   Jakarta Composite index +1% at close, highest close since July 24; 147 shrs gain, 106 decline; MSCI Asia Pacific Index +0.5%.

ADVANCERS:

• Bank Pan Indonesia (PNBN IJ) +16%, steepest jump since Nov. 2008; Australia & New Zealand Banking Group Ltd. is in talks to sell its 39 percent stake in PT Bank Pan Indonesia to Mizuho Financial Group Inc., a person with knowledge of the matter said

• Express Transindo Utama (TAXI IJ) +7.9% to record close; Deutsche Bank rates co. new buy, PT 2,100 rupiah; shrs last at 1,730 rupiah... More

Asia Equity Movers: Halla Visteon, Lippo Karawaci, Computershare  8/14 14:27

   MSCI Asia Pacific Index rises 0.5% to session high, extending gain to 5th day in longest series of gains in 6 weeks. All 10 industry groups advance, led by consumer discretionary, industrials.

GAINERS:

• Halla Visteon +7.5%; largest shareholder Visteon said yday it will sell stake in Chinese venture for $1.25b

• Tata Motors +6.9%; rises 3rd day; co. on Aug. 12 reported Jaguar Land Rover sales +21% Y/y to 31,611

• Hulic +5.8%; rises for 2nd day

• Lippo Karawaci +5.4%; most in ~1 mo. on vol. 1.3x 3-mo. full-day avg; rises 2nd day after unit Siloam Intl Hospitals... More

Indonesian Equity Movers: Bank Panin, Express Transindo, Tower  8/14 12:07

   Jakarta Composite index +0.5% at midday break, heading for highest close since July 24; 125 shrs gain, 84 decline; MSCI Asia Pacific Index +0.2%.

ADVANCERS:

• Bank Pan Indonesia (PNBN IJ) +13%, heading for steepest jump since Feb. 2011; Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in Bank Pan Indonesia, said to be valued at about $570m, Reuters reported yday, citing people familiar with the matter

• Express Transindo Utama (TAXI IJ) +4.9%, bound for record close; Deutsche Bank rates co. new buy, PT 2,100 rupiah;... More

Indonesian Equity Movers: Bank Panin, Express Transindo, Tower  8/14 11:05

   Jakarta Composite index +0.3%, heading for highest close since July 25; 116 shrs gain, 78 decline; MSCI Asia Pacific Index -0.1%.

ADVANCERS:

• Bank Pan Indonesia (PNBN IJ) +5.9%, heading for highest close since June 27; Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in Bank Pan Indonesia, said to be valued at about $570m, Reuters reported yday, citing people familiar with the matter

• Express Transindo Utama (TAXI IJ) +1.2%, heading for steepest gain since Aug. 2; Deutsche Bank rated taxi co. as... More

ANZ in Early Talks to Sell Indonesian Bank Stake: WSJ Link  8/14 9:29

   Link: {NSN MRI04HBE5TS0 <go>}

Toba Bara Sejahtra Spends 36% of 2013 Capex of $27m: Kontan  8/14 7:12

[TOBA IJ  840.00, +70.00 9.09%]

   Co. has spent $9.6m of capex to reduce costs, including by building hauling road to reduce transport fees, Kontan reports, citing Corporate Secretary Perry Slangor.

• Co. will increase capacity of unit Indomining’s coal processing facility to 6m tons/yr from 3m tons/yr by end-3Q

Technical Analysis: Golden Agri, Petronas Dagangan, Longfor, KCC  8/14 5:18

   Asian stocks by sector showing oversold signals (trade below 20/50/100/200 DMAs, Bollinger lower band; have RSI below 30):

• Consumer discretionary: Nikon (7731 JP)

• Consumer staples: Dairy Farm (DFI SP), Golden Agri-Resources (GGR SP)

• Health care: Cadila Healthcare (CDH IN)

Asian stocks by sector showing overbought signals (trade above 20/50/100/200 DMAs; Bollinger upper band; RSI above 70):

• Consumer discretionary: Intime Retail (1833 HK)

• Consumer staples: Super Group (SUPER SP)

• Energy: Petronas Dagangan (PETD MK)... More

SE Asian Stocks to Watch: SingTel, Cebu Air, Global Logistics  8/14 4:29

   MSCI South East Asia Index rose 0.9%, paring YTD decline to 0.5%. Click here for list of 16 stks trading ex-div.

Indonesia

• Bank Pan Indonesia (PNBN IJ): Rose 7.9% yday, steepest jump since Feb. 26; Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in co., said valued at ~$570m: Reuters

Malaysia

• AirAsia (AIRA MK): AirAsia Indonesia arm planned IPO deferred, CNBC citing group CEO

• Axis REIT (AXRB MK): Cut to hold at DBS Vickers... More

M&A Watch: BlackBerry, Blackstone, Dole Food, Facebook, Visteon  8/13 17:57

   What to watch for in M&A:

• BB CN: decision to consider bids is fueling speculation investors could band together to keep co. in Canadian hands

• BX US, GE US: Blackstone said to buy 80 U.S. apartment properties from General Electric for ~$2.7b

• JCP: Ackman quits battle for J.C. Penney as Soros backs Ullman

• VC: Visteon agrees to sell assets to China partner for $1.25b

• 13620Z: CVC said to buy Advent’s Domestic & General for $1.2b

Other M&A:... More

Indonesian Equity Movers: Bank Panin, Bumi, Tower Bersama  8/13 16:58

   Jakarta Composite Index +1.2% at close, steepest advance since July 23; 167 shrs gain, 94 decline; MSCI Asia Pacific Index +0.9%.

ADVANCERS:

• Bank Pan Indonesia (PNBN IJ) +7.9%, steepest jump since Feb. 26; Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in co., said valued at about $570m, Reuters reports, citing people familiar

• London Sumatra Indonesia (LSIP IJ) +1.8%; shrs -51% this year thru yday, pushing 14-day RSI to 26.9

• Tower Bersama Infrastructure (TBIG IJ) +5% to record close;... More

Bank Panin Jumps Most in 5-Mos. After Report Mizuho to Buy Stake  8/13 15:25

[PNBN IJ  670.00, +40.00 6.35%]

   Shrs +6.4%, set for steepest jump since Feb. 26, with vol. 392% of 3-mo. daily avg.

• Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in Bank Pan Indonesia, said valued at about $570m, Reuters reports, citing people familiar

Asia Equity Movers: Hyundai Merchant, Banpu, Calbee, Hindalco  8/13 13:59

   MSCI Asia Pacific Index rises to day’s high of 1.1%, extending gain to 4th day, longest run since July 2. All 10 industry groups advance, led by IT, consumer discretionary.

GAINERS:

• Hyundai Merchant +15%; extends 4-day advance to >42%; co. today posted 2Q parent net 31.7b won vs 158b loss yr earlier

• Banpu +14%; most since Nov. 2008 on volume >4x 3-mo. full-day avg; coal prices in China may bottom, main driver for price trend is imports by China, India mkts, Morgan Stanley says in note dated yday

• China Minsheng Banking +8.4%; gains 3rd day, most in >7... More

Indonesian Equity Movers: Adaro, Astra Agro, Tower Bersama  8/13 12:17

   Jakarta Composite Index +0.4% at midday break, heading for steepest advance since July 30; 112 shrs gain, 87 decline; MSCI Asia Pacific Index +0.7%.

ADVANCERS:

• Astra Agro Lestari (AALI IJ) +0.7%; London Sumatra Indonesia (LSIP IJ) +2.7%; shrs fell at least 21% in July, pushing 14-day RSI below 30 as of yday

• Tower Bersama Infrastructure (TBIG IJ) +1.7%, heading for highest close since April 3; SocGen analysts led by John Carson said in note co. may be added to MSCI Emerging Markets Index

DECLINERS:... More

M&A Watch: Mizuho, BlackBerry, Blackstone, Dole Food, Facebook  8/13 11:45

   What to watch for in M&A:

• ANZ AU, PNBN IJ, 8411 JP: Mizuho seeking to buy ANZ’s stake in Bank Pan Indonesia: Reuters

• BB CN: BlackBerry’s fate seemed to be decided 2 yrs ago after its market value plummeted by $65b; BlackBerry’s decision to consider takeover offers is fueling speculation that investors could band together to keep co. in Canadian hands

Other M&A:

• BX US, GE US: Blackstone said to buy 80 U.S. apartment properties from General Electric for ~$2.7b

• DGIT US: Digital Generation sells TV business to Extreme... More

Bumi Resources Falls Most in 2 Wks as UBS Cuts PT by Half  8/13 11:36

[BUMI IJ  500.00, -10.00 1.96%]

   Shrs -2.9%, heading for steepest decline since July 25; UBS cuts PT to 300 rupiah from 600 rupiah and maintains sell recommendation yday, according to data compiled by Bloomberg.

• NOTE: coal price at the Australian port of Newcastle fell 0.8% in wk ended Aug. 9, according IHS McCloskey, a Petersfield, England-based coal data provider

SEA Equity Movers: Bangkok Life, Del Monte, Mexter, Minor, Rizal  8/13 10:32

   MSCI South East Asia Index gains 0.5% to 862.99 as 4 stocks rise for each one that falls.

Indonesia

• Astra Agro Lestari (AALI IJ) +3.4%; London Sumatra Indonesia (LSIP IJ) +5.3%; shrs fell at least 21% in July, pushing 14-day RSI below 30 as of yday

• Tower Bersama Infrastructure (TBIG IJ) +2.5%; May be added to MSCI Emerging Markets Index: SocGen

Malaysia

• Asdion (ASD MK) +1.4%; Sets issue price of placement at 40 sen each

• Coastal Contracts (COCO MK) 1.1%; Secures orders totaling... More

Mizuho Seeking to Buy ANZ’s Stake in Bank Pan Indonesia: Reuters  8/13 10:23

   Mizuho Financial Group has approached Australia and New Zealand Banking Group to buy its 39.2% stake in PT Bank Pan Indonesia, said valued at about $570m, Reuters said, citing people familiar.

• Discussions said at early stage

• ANZ and Mizuho declined to comment to Reuters

• Bank Panin officials were not immediately available: Reuters

Link to Story: http://reut.rs/1bqw5Wp

Indonesian Equity Movers: Adaro, Astra Agro, Tower Bersama  8/13 10:14

   Jakarta Composite Index +0.5%, heading for steepest advance since July 30; 109 shrs gain, 51 decline; MSCI Asia Pacific Index +0.4%.

ADVANCERS:

• Astra Agro Lestari (AALI IJ) +3.4%; London Sumatra Indonesia (LSIP IJ) +5.3%; shrs fell at least 21% in July, pushing 14-day RSI below 30 as of yday

• Tower Bersama Infrastructure (TBIG IJ) +1.7%, heading for highest close since April 3; SocGen anaylsts led by John Carson said in note co. may be added to MSCI Emerging Markets Index

DECLINERS:

• Adaro Energy (ADRO IJ) -2.6%, Tambang Batubara Bukit Asam (PTBA IJ) -2.3%; coal price at the Australian port of Newcastle -0.8% in wk ended Aug. 9, according IHS McCloskey

Adaro, Bukit Asam Fall as NewCastle Coal Price Drops to 4-Yr Low  8/13 9:56

[PTBA IJ  10700.00, -250.00 2.28%][ADRO IJ  750.00, -20.00 2.60%]

   Adaro Energy -2.6%, Tambang Batubara Bukit Asam -2.3%; coal price at the Australian port of Newcastle fell 0.8% in wk ended Aug. 9, according IHS McCloskey, a Petersfield, England-based coal data provider.

• NOTE: Last wk’s coal price was lowest since Nov. 2009, according to data compiled by Bloomberg.

MORE: London Sumatra Gains Most in 7 Mos., RSI Signals Rebound  8/13 9:44

[LSIP IJ  1200.00, +70.00 6.19%][AALI IJ  15100.00, +500.00 3.42%]

   Shrs +8%, heading for steepest gain since Dec. 2012; shrs -35% last mo. pushing 14-day relative-strength index to 26.9 as of yday, a reading of 30 or lower suggests to some investors stock poised for rebound.

• Astra Agro Lestari +4.5%, heading for steepest gain since June 12; shrs -21% in July, 14-day RSI at 23.7 as of yday

London Sumatra Gains Most in 7 Mos. as RSI Signals Rebound  8/13 9:32

[LSIP IJ  1220.00, +90.00 7.96%]

   Shrs +8%, heading for steepest gain since Dec. 2012; shrs -35% last mo. pushing 14-day relative-strength index to 26.9 as of yday, a reading of 30 or lower suggests to some investors stock poised for rebound.

Tower Bersama Gains to 4-Mo. High as SocGen Sees MSCI Inclusion  8/13 9:28

[TBIG IJ  6100.00, +150.00 2.52%]

   Shrs +2.5%, heading for highest close since April 3, after SocGen anaylsts led by John Carson said in note co. may be added to MSCI Emerging Markets Index.

Holcim Indonesia Upgraded to Neutral From Sell by Citi  8/13 9:07

[SMCB IJ  2600.00, -25.00 0.95%]

   PT kept at 2,900 rupiah by Felicia Asrinanda Barus, analyst at Citigroup, in report yday.

• Operational margins in 2Q were better than expected due to faster-than expected avg selling price growth: report

• Citi switches top pick to Semen Indonesia from Indocement; Semen Indonesia has better cost control, higher ROE, stronger long-term growth and stable EBITDA margin: report

Bumi Resources PT Cut to 300 Rupiah From 600, Kept Sell at UBS  8/13 7:57

[BUMI IJ  510.00, +10.00 2.00%]

  

OCBC Nisp Plans to Raise 3.5t Rupiah From Rights Offer  8/13 7:23

[NISP IJ  1280.00, +0.00 0.00%]

   Co. plans to offer as many as 2.92b new shares at 1,200 rupiah each in rights issue, it says in statement published in Bisnis Indonesia today.

• Each shareholder with 500 existing shares has right to buy 171 of new shares

• Co. will hold extraordinary shareholders’ meeting on Oct. 29

Link to Company News:{NISP IJ <Equity> CN <GO>}

Bukit Asam Seeks $1.35b-$1.44b Loan to Build Railway: Kontan  8/13 7:11

[PTBA IJ  10950.00, +950.00 9.50%]

   Co. will spend as much as $1.8b to build 280-kilometer railway from Tanjung Enim to Lampung in southern Sumatra for coal transport, Kontan reports, citing President Director Milawarma.

Kimia Farma Cuts 2013 Capex to 100b-200b Rupiah, Daily Reports  8/13 6:58

[KAEF IJ  790.00, +10.00 1.28%]

   Co. reduced capex from 660b rupiah as it delays construction of a hospital and a pharmaceutical factory in Bandung, West Java, Investor Daily Indonesia reports, citing President Director Rusdi Rosman.

• Co. still seeking partner for joint venture to build a hospital in South Jakarta

United Tractors PT Cut 24% to 20,400 Rupiah at Citi; Kept Buy  8/13 6:49

[UNTR IJ  18300.00, +1300.00 7.65%]

  

Mahindra & Mahindra, Tower Bersama May Join MSCI EM: SocGen  8/13 6:40

   OGX Petroleo E Gas may be replaced by Estacio Participacoes, anaylsts led by John Carson write in e-mailed note.

• OGX moved to “mid conviction” replacement from “high conviction”

• SocGen sees one replacement in developed market index with Tesla Motors potentially replacing Ultra Petroleum

• Changes to be announced Aug. 14 after U.S. close

China Coal Prices May Bottom, Lifting Stocks: Morgan Stanley  8/13 5:52

   Coal inventory at IPPs holds key to coal price trend and recent drop to below 20 days could lead to active buying of coal and bottoming of prices, analyst Sara Chan writes in note dated yday.

• Coal stocks in China, Indonesia have fallen significantly past two mos. on declining coal prices

• Uptick in spot prices would help lift worries over coal price trends heading into 2014

• MS likes Shenhua, ITMG on valuations and ability to weather the downturn

• China Coal, Harum valuations imply unrealistic long-term margins: MS

Technical Analysis: Gudang Garam, BHP, China Minmetals, Axiata  8/13 5:14

   Asian stocks by sector showing oversold signals (trade below 20/50/100/200 DMAs, Bollinger lower band; have RSI below 30):

• Consumer discretionary: Nikon (7731 JP), Yamada Denki (9831 JP)

• Consumer staples: Astra Agro Lestari (AALI IJ), Gudang Garam (GGRM IJ)

• Financials: Bank Danamon (BDMN IJ), RHB Capital (RHBC MK)

• Health care: Cadila Healthcare (CDH IN)

Asian stocks by sector showing overbought signals (trade above 20/50/100/200 DMAs; Bollinger upper band; RSI above 70):

• Consumer discretionary: China International Travel (601888... More

Astra Agro Fails to Sell 9,000 Tons of Palm Oil Due to Low Bids  8/12 17:58

[AALI IJ  14600.00, -600.00 3.95%]

   Co. receives highest bids from Pacific Palmindo Industri and Pacific Indopalm Industries at 7,700 rupiah per kilogram FOB Belawan and Dumai ports in an auction in Jakarta today, co. says in statement on its website.

• Co. sets target price of 7,820 rupiah

Indonesia Equity Movers: Adaro, Gudang Garam, Unilever Indonesia  8/12 16:56

   Jakarta Composite Index -0.9% to lowest close since July 29; first trading day after 1 wk public holiday; 112 shrs decline, 124 rose; MSCI Asia Pacific Index +0.1%.

ADVANCERS:

• Adaro Energy (ADRO IJ) +18%, steepest jump since Jan 2009 and biggest gainer in MSCI Emerging Markets Index; Indo Tambangraya Megah (ITMG IJ) +12%, most since June 2009; Indonesian coal stocks may have reached their bottom, Akbar Syarief, who helps manage ~$560m at MNC Asset Management in Jakarta, says by telephone today

DECLINERS:... More

Indonesia’s Protelindo Gets $50m Investment From IFC: Statement  8/12 16:35

[TOWR IJ  2900.00, +0.00 0.00%]

   IFC invests $50m in Profesional Telekomunikasi Indonesia, a telecom tower operator, to improve mobile coverage, it says in e-mailed statement in Jakarta today.

• IFC’s investment will help Protelindo build more towers and provide additional coverage and capacity for mobile operators in islands of Java, Sumatra, Kalimantan and other parts of Indonesia: statement

Adaro, Tambangraya Gain as Investors Switch From Consumer Stocks  8/12 15:28

[ADRO IJ  760.00, +110.00 16.92%][ITMG IJ  27950.00, +2800.00 11.13%]

   Adaro Energy +17%, bound for biggest jump since Jan. 2009; Indo Tambangraya Megah +12%, set for strongest gain since June 2009; Unilever Indonesia -4.3%, biggest drag to Jakarta Composite index; Indofood CBP Sukses Makmur -4.8%.

• Investors switching from consumer stocks into “cyclical” stocks such as coal cos; coal stocks may have reached their bottom, Akbar Syarief, who helps manage ~$560m at MNC Asset Management in Jakarta, says by telephone today

• NOTE: Unilever Indonesia shrs +3.4% last mo., 4th monthly gain; trade above avg. 12-mo. PT of 27,183 rupiah in Bloomberg survey of 14 analysts; Co. trades at 41.7 times of 12-mo. projected earnings, second highest on benchmark index, according to data compiled by Bloomberg

Bumi Resources Gets $150 Million Loan Extension From Lenders  8/12 14:44

[BUMI IJ  510.00, +10.00 2.00%]

   PT Bumi Resources, Indonesia’s largest coal exporter, extended the maturity of a $150m loan by 15 months, said a person familiar with the matter.

• Credit Suisse is the arranging bank, the person said

• About 10 to 12 lenders, mainly private investors, rolled over their pledges, the person said

• Signing was on Aug. 7

• Original facility was a three-year loan signed in August 2010 that paid an interest margin of 11% more than Libor, according to data compiled by Bloomberg

• Information from a person familiar with the matter, who asked not to be identified because the details are private

• Dileep Srivastasa, co.’s Jakarta-based director, could not be reached for comment on the loan after two phone calls and an e-mail today.

Indonesia Equity Movers: Adaro, Gudang Garam, Unilever Indonesia  8/12 11:06

   Jakarta Composite Index -0.6%, first trading day after 1 wk public holiday, 102 shrs decline, 91 rose; MSCI Asia Pacific Index +0.2%.

ADVANCERS:

• Adaro Energy (ADRO IJ) +7.7%, heading for steepest rise since Jan 2; shrs -8.5% in 3 days through Aug. 2, pushing 14-day RSI to 28.3, below reading of 30 which suggests to some investors shrs poised for rebound

• Indo Tambangraya Megah (ITMG IJ) +7.4%, heading for steepest rise since June 28; Shrs rebounding after “sharp declines” in recent mos., Hariyanto Wijaya, analyst at Mandiri Sekuritas says by phone today... More

Adaro Energy Gains Most in 7 Mos. as RSI Signals Rebound  8/12 10:39

[ADRO IJ  700.00, +50.00 7.69%]

   Shrs +7.7%, heading for steepest jump since Jan. 2; shrs -8.5% in 3 days through Aug. 2, pushing 14-day relative-strength index to 28.3, below reading of 30 which suggests to some investors shrs poised for rebound.

• NOTE: Shrs -19% last mo. 6th monthly decline, according to data compiled by Bloomberg; stock market closed last wk for public holiday

Gudang Garam Falls to 29-Mo. Low as Goldman Sachs Cuts PT  8/12 10:32

[GGRM IJ  39650.00, -2050.00 4.92%]

   Shrs -4.6%, heading for lowest close since March 2011; biggest decliner on MSCI Emerging Market Index.

• NOTE: Goldman Sachs lowered PT to 61,700 rupiah from 69,600 rupiah on Aug. 11, according to data compiled by Bloomberg

Gudang Garam’s PT cut to 61,700 Rupiah by Goldman Sachs  8/12 10:24

[GGRM IJ  39800.00, -1900.00 4.56%]

   PT cut from 69,600 rupiah on Aug. 11 by June Zhu, analyst at Goldman Sachs, according to data compiled by Bloomberg.

• Zhu keeps “buy/neutral” recommendation on co.: data

Indo Tambangraya Advances Most in 6 Wks After 3-Mo. Plunge  8/12 10:17

[ITMG IJ  27000.00, +1850.00 7.36%]

   Shrs +7.4%, heading for steepest gain since June 28 and providing 2nd biggest support to Jakarta Composite index.

• Shrs rebounding after “sharp declines” in recent mos., Hariyanto Wijaya, analyst at Mandiri Sekuritas says by phone today

• NOTE: Shrs -34% in 3 mos. through July 31; dropping to lowest level since Nov. 2009, according to data compiled by Bloomberg

Unilever Indonesia Falls Most in 3 Weeks, Trades Above Avg PT  8/12 9:46

[UNVR IJ  30150.00, -1300.00 4.13%]

   Shrs -4.1%, biggest drag to Jakarta Composite index; shrs +3.4% last mo., 4th monthly gain.

• Shrs trade above avg. 12-mo. PT of 27,183 rupiah in Bloomberg survey of 14 analysts

• NOTE: Co. downgraded to hold from buy Aug. 1 by Andalan Artha Advisindo Sekuritas

• NOTE: Indonesia stock market closed last wk for public holiday

Sri Rejeki Isman Revenue to Reach 5.13t Rupiah in 2013: Kontan  8/12 7:17

[SRIL IJ  270.00, +15.00 5.88%]

   Co. will increase portion of exported sales to 60% from 54% last yr due to demand from China and Malaysia, Kontan reports, citing Corporate Secretary Welly Salam.

• NOTE: Co.’s sales were 2.85t rupiah in 2012