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Dow Jones: U.S. stock markets have increased, after earnings from Motorola Inc. company. until Starwood Hotels & Resorts Worldwide Inc. is above the estimate that finally gave the signal that the economy began to strengthen. Motorola's biggest mobile phone maker in the U.S. rose 3.5% after reporting earnings estimates and outside of Starwood rose 5.7%.

Palm Inc. increased by 26% after Hewlett-Packard Co.agreed to buy its shares are worth about $ 1.2 billion. Index Standard & Poor's 500 (+1.3%) to 1,206.77. Dow Jones Industrial Average (+1.1%) to 11,167.32.

Regional Morning: Asian stock markets rose for the first time in four days as the increase in corporate profits, prompting speculation that global economy will continue to recover. Sumitomo Mitsui Financial Group Inc., (+1.1%) After successfully make a profit.

BHP Billiton Ltd. (+0.6%) in Sydney as rising crude oil for three days. Mitsubishi Corp.., (+1.2%). Nikkei 225 (+1.3%) 11.067 S & P / ASX 200 (+0.7%) 4.818 KOSPI (+1.20%) 1.749 STI (+0.74%) 2981

Commodity: Crude oil rose in three days after the conviction of economic recovery in Europe and reports the unemployment rate in Germany and the U.S. are declining resulting in improved confidence in the global economy. WTI Crude (+0.3%) $ 85.5/barrel Gold (+0.2%) EUR 1.170 / t oz CPO (-0.4%) 2.556 RM / MT Coal (+1.4%) EUR 98.9/MT Nickel (-1.0%) EUR 25.400 / MT Tin (+0.9%) EUR 18.160 / MT.

Economic & Industrial News

Economic: Foreign Interested inject Rp 100 trillion to 10 SOEs

Foreign investors interested to invest up to Rp 100 trillion for the 10 SOEs. SOE Minister Mustafa Abubakar said the interest was conveyed by foreign investors in nondeal roadshow in Hong Kong and Singapore made earlier this week 10 SOEs. 10 SOEs were:
1. PT Aneka Tambang Tbk
2. PT Bank Mandiri Tbk
Third. PT Telekomunikasi Indonesia Tbk
4. PT Jasa Marga Tbk
5. PT Bank BNI Tbk
6. PT Perusahaan Gas Negara Tbk
7. PT Bank BRI Tbk
8. PT Bukit Asam Coal Mining Companies Page
9. PT Garuda Indonesia
10.PT Krakatau Steel.

Economic: Government Expenditures Increased So Trillion USD 1123

State budget in the Budget Amendment in 2010, up from an initial target in the state budget in 2010 amounted to Rp 1047 trillion to Rp 1123 trillion. This additional optimization will be closed from the results that rise due to increasing budget revenues from the sale of commodities and the transfer budget. According to House Budget Chairman Harry Azhar Azis, the budget increased due to the increase in subsidy budget from Rp 157.8 trillion to Rp 201.8 trillion.

The increase in subsidies due to soaring fuel subsidies (fuel) from the initial allocation of state budget in 2010 amounted to Rp 68.7 trillion to Rp 89.3 trillion in APBN-P 2010 according to the latest agreement. Substantial increases also occurred in electricity subsidy budget from the original target of Rp 37.8 trillion to Rp 55.1 trillion. There was also an increase in non-energy subsidies (including subsidies of fertilizer, food, and seeds) from Rp 51.2 trillion to Rp 57.3 trillion in APBN-P final agreement in 2010.

Economic: Asia Risk Overheating

The IMF advised the Asia countries to reduce dependence on exports and domestic meningkatkankonsumsi. The IMF warned that Asian economies at risk of overheating due to strong capital inflows. Capital flows would increase inflationary pressures and increase the risk of damaging bubbles. The agency raised the growth estimate for Asia to 7.1% for both 2010 and 2011. Estimates were higher than predicted last week when the agency estimates the area economy will grow an average 6.9% this year and 7.0% in 2011.

Property: Revised Rules of Property Ownership Foreign Citizens Still Need Time

Capital Investment Coordinating Board (BKPM) revised estimates of Government Regulation (PP) No. 41 Year 1999 about Right to Use Property by Foreigners (WNA) realized in the third quarter-2010. In the revised foreign ownership, the foreign national has the right to use can be proposed for 70 or 90 years altogether. Earlier, the foreign national has the use rights for 25 years and then be extended next 20 years and 25 years. Draft revisions were simmering in the House was also mentioned about the rules of ownership restrictions, such as the minimum limit of property prices that can be purchased WNA. Proposed property agents, the average price of apartments that can be owned is the average price range of U.S. $ 150 thousand to U.S. $ 250 thousand.

Economic: Earnings rise 25 Issuers

Most eniten a growth in revenue and net income in the quarter I/2010, strengthened the company's performance optimism continues to climb. Issuer's performance growth trend as in the movement of stock price index (CSPI).

Corporate News

BBCA: 3 Months, BCA Customer Funds Decline USD 5 Trillion

PT Bank Central Asia Tbk (BCA) recorded a decline in the value of saving customers from the end position in 2009 valued at Rp 128.14 trillion to Rp 122.29 trillion as of end March 2010. This value is reduced to Rp 5.85 trillion. However, compared to the same period the previous year of only Rp 110.03 trillion, BCA recorded growth of 11.1%. Despite the decline to the public in the form of savings deposits, time deposits recorded an increase in BCA 1Q10 amounted to Rp 980 billion from Rp 65.36 trillion in the position in December 2009 to Rp 66.34 trillion in March 2010. The increase was even higher, amounting to 23% compared to 1Q10 position which reached Rp 53.95 trillion.

PGAS: Bag Profit Rp 1.7 Trillion

PT Perusahaan Gas Negara (Persero) Tbk recorded net profit of Rp 1.771 trillion during the first quarter-2010, an increase of 45% over the same period last year amounted to Rp 1.22 trillion. This achievement was driven by increased natural gas sales amounted to 841 million cubic feet per day (million standard cubic feet per day / MMSCFD) of 17% compared to same period last year amounted to 721 MMSCFD. Where 98% of the total volume of these flows to support the industrial and electricity sectors in the country.

ASII: Economic Recovery, Earnings soared 61%

In the first quarter of 2010, net profits ASII USD 3.25 trillion. This figure is up 61% over the same period in 2009. Increase in net income is not separated from the Group net income reached Rp 29.69 trillion, up 38% compared to first quarter 2009 which amounted to Rp 21.54 trillion. Meanwhile, operating income rose 24% ASII from Rp 2.62 trillion to Rp 3.25 trillion. According to President Director ASII Prijono Sugiarto, ASII performance improvement in the first quarter of 2010 thanks to improved economic conditions in Indonesia.

FREN: Allowed Conversion Shares

PT Mobile-8 Telecom Tbk bagging permit public shareholders for the nine creditors to convert debt into equity business at a price of Rp50, 4 per unit. Total business debt has reached Rp209, 05 billion. Director of Mobile-8 Merza Fachys says 65.8% shareholder of the company has approved the plan in a meeting of the shareholders' extraordinary general (EGM).

BNLI: Credit Reaches Rp41 Trillion

PT Bank Permata Tbk (BNLI) Rp41 trillion of credit channeled through 1Q10. Loan disbursements grew 15% compared to the same perioe last year amounted to Rp35, 2 trillion. Company's net profit rose 62% to Rp269 billion, with total assets grew 15% to Rp62 trillion at the end of 1Q10.

DLTA: Delta-quarter net profit rose 67.67% I/2010

Delta Jakarta PT Tbk, manufacturers of alcoholic drinks, posted a net profit in the quarter amounted to Rp37 I/2010, 56 billion, up 67.67% from the period last year shares worth Rp22, 40 billion. The increase was sustained improvement in net sales of the company. Delta Financial Director Jakarta Afrijanto explained in first quarter 2010 the company recorded a net sales increase of 12% from Rp201, 56 billion in the quarter I/2009 to Rp226, 42 billion.

BBTN: 10.37% Coupon Offer

Neegara Savings Bank Tbk (BBTN) offers a coupon 9.37% to 10.37% for the 10-year bond tenor, or refer to FR 0031. The value of these bonds amounted to Rp1, 5 trillion, bond proceeds are used for credit expansion.

ADMF: Profit Rp333 billion off

PT Adira Dinamika Multi Finance Tbk (ADMF) posted a net profit of Rp333 billion in 1Q10, an increase of approximately 13% compared to same period last year reached Rp294 billion. Increase in profits was underpinned by increased rest of the new consumer financing and decreased credit costs.

WIKA: Revoke Bond Issuance

PT Wijaya Karya Tbk (WIKA) null issue bonds worth Rp 300 billion in 1Q10, due to corporate cash valued at USD 1.2 trillion is still considered adequate to finance the expansion.

Earning Watch

BBRI: Net Income Increases 25.1% in 1Q10

PT Bank Rakyat Indonesia (BBRI) recorded in the 1Q net profit increase of 25% to Rp 2.15 trillion from Rp 1.72 trillion in the previous year due to higher net interest income. In January-March period, NII rose 24% to Rp 6.70 trillion from Rp 5.41 trillion.