Plastics Demand High, LMPI Towards Rp 500?

Until the end of 2011, the demand for plastics and household products generated by Lasting Makmur Industri Tbk PT (LMPI) jumped sharply. This surge in demand coming from domestic consumers and foreign.

According to one market participant, from domestic demand and household plastic products grew 60%. While from overseas, the consumer accounts for 40% of demand growth by the end of 2011.

“With this soaring demand, LMPI reportedly posted a year-end profit increased approximately 58% compared to year-end 2010 earnings,” said the market participants on Friday (30/3/212).

He said there are indications the market will anticipate this news before the announcement of the financial statements at the beginning of the second quarter of this year, with a target share price LMPI Rp 500 per share.

Yesterday, the stock closed at LMPI green area in the middle market is sluggish at Rp 310 per share, up 60 points (+24%) with the volume of transactions valued at more than USD 5.19 billion.

Thrift TP PKK, Give Subsidies USD 40.9 million

Face widths, Fueling Team Empowerment and Family Welfare (PKK) Purbalingga held a bazaar. This time it was held in the village of Losari District Apex court over two days, Tuesday – Wednesday (30-31/7).
Chairman PKK Purbalingga, Sudarli Sudjatmoko Heru said the activity is a concern held by the PKK against cheap basic food needs for the community, especially the poor.
“In order to ensure cheap food packages on target, we give coupons to those entitled to purchase,” he said.
Overall, further Sudarli, turnover of sales of goods that are provided for low market activity reached USD 158.475 million. With total subsidies provided by the Department and women’s organizations market participants priced Rp 40.975 million.
Meanwhile, Purbalingga Regent Heru Sudjatmoko, when opening the asking people who have better financial capability, providing opportunities brothers underprivileged citizens, to first utilize the facilities provided cheap groceries.
“That is, give an opportunity to the people who duitnya bit. Allow their first purchase, so that they can be assisted in meeting their needs before Eid,” he said.

Rupiah per U.S. dollar position Rp10.275

Jakarta – The rupiah rose slightly on Wednesday morning at five points to Rp10.275 per U.S. dollar compared to the previous position Rp10.280.

“The movement of the exchange rate higher but not significantly, the domestic currency fluctuations it is still in a stable condition,” said the Head of Research Securities Trust Reza Priyambada in Jakarta on Wednesday.

He added that the statement of President Susilo Bambang Yudhoyono that Indonesia’s economic fundamentals are still good, also welcomed the positive some market participants.

Nevertheless, he continued, some economic data is still negative as inflation data, foreign exchange reserves, to Indonesia’s trade balance deficit will overshadow the BEI index movement.

He added that market participants are still taking a wait and see position following a meeting of the Fed’s decision in FMOC (Federal Open Market Committee).

“The U.S. dollar is also moving stable against major world currencies ahead of the FMOC decision,” he said.

Head of Research Futures Monex Investindo Ariston Tjendra said recent rumors about the planned reduction of monetary stimulus from the Fed talked about because the U.S. economic data that was released not too bad.

“Conditions that could make the U.S. dollar tends to move higher again,” he said.