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25-Jun-17 15:17 | Bumi Bulat *guest*:
Bumi bulat makanya orang maen bola ukurannya bulat ditrmpat lapangannya datar

25-Jun-17 15:14 | Bajul Jelek *guest*:
Yg bilang bumi datar si Bajul anggota HTI Indonesia.Beliau tidak percaya sama negara dan Pancasila.Makanya Loyal demon sama FPI

25-Jun-17 13:26 | indenpendent *guest*:
mana ada sich yang masih percaya bumi datar ? ngak mungkin ada lagi.

25-Jun-17 10:48 | Ketua MUI *guest*:
Yang cocok jadi Ketua MUI itu ayahanda Najwa Shihab

25-Jun-17 10:27 | benjol *guest*:
kalau yang percaya bumi datar artinya meyakini planet2 beserta matahari dan bulan juga datar, terus matahari dan bulan kok bisa terlihat bulat, katakanlah bundar, ada yang bisa memberikan gambaran bagaimana benda yang dibilang datar tapi kok terlihat bulat atau bundar...????, sebelumnya tidak lupa Selamat merayakan hari raya Idul Fitri 1 Syawal 1438 H. Taqabalallahu Minna Wa Minkum. Mohon maaf lahir & Batin

25-Jun-17 10:04 | sada *guest*:
Ibarat semut kecil diletakan diatas bola yang berdiameter 2 meter,maka semut akan merasakan seolah olah daerah pijakannya adalah datar padahal itu adalah bulat.Begitu juga dengan kita yang berpijak di bola raksasa yang berdiameter sekitar 12753km,tentu semuanya akan terasa datar qiqiqiqiqi...gitu aje kok repot...gak perlu pake modal modalan deh..qiqiqiqiqi

25-Jun-17 09:51 | trader datar *guest*:
Bumi yg kita injak datar.. kampung kita datar... kota kita datar.. ibarat trader... mainnya harian.. yg bilang bumi bulat adalah investor ... alisan pemimpi... brp sich modal ente ???

25-Jun-17 08:04 | sada *guest*:
Semua planet di tata surya ini berbentuk bulat termasuk bumi...kok kaum boedat sumpek malah kegerahan bak cacing kepanasan ya??..qiqiqiqi...

Saham UNIT
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Berita Saham UNIT

29-Nov-16 12:45 | mediaindonesia.com : Mourinho Lebih Buruk daripada Moyes Baca
29-Nov-16 02:15 | swa.co.id : Pocari Sweat Edukasi Konsumen Lewat Media Sosial Baca
28-Nov-16 19:15 | mediaindonesia.com : MU Ditahan West Ham, Mourinho Diusir Wasit Baca

28-Nov-16 14:00 | inilah.com pasar-modal : Man United Gagal Kalahkan West Ham di Old Trafford Baca
28-Nov-16 13:30 | inilah.com pasar-modal : Lippo Sukses Pasarkan 87 Persen Unit Newport Baca
28-Nov-16 07:30 | inilah.com pasar-modal : Man United vs West Ham: Laga Krusial Tuan Rumah Baca

28-Nov-16 04:30 | economy.okezone.com : Pertamina Percepat PLTP Lahendong Unit 5 - Okezone Baca
27-Nov-16 07:00 | detik.com : PLTP Lahendong Unit 6 Selesai Desember, PLN: Kita Punya Cadangan 60 MW Baca
27-Nov-16 06:15 | mediaindonesia.com : Unit 6 PLTP Lahendong Beroperasi Desember Baca

27-Nov-16 06:00 | detik.com : Jokowi Bakal Resmikan PLTP Lahendong Unit 5 dan 6 di Sulawesi Utara Baca
27-Nov-16 06:00 | inilah.com pasar-modal : Ponsel Dicopet, Erafone Siap Ganti Unit Baru Baca
27-Nov-16 05:30 | antaranews.com : Menteri ESDM tinjau PLTP Lahendong Baca

27-Nov-16 05:30 | antaranews.com : Menteri Susi rampungkan pembagian 1.790 kapal nelayan tahun ini Baca
27-Nov-16 05:30 | detik.com : Pertamina Geothermal: PLTP Lahendong Unit 6 Rampung Bulan Depan Baca
27-Nov-16 04:30 | okezone.com : Menteri Susi Berharap Bantuan 500 Kapal Beroperasi Desember 2016 Baca

27-Nov-16 02:00 | detik.com : Berkacamata Hitam, Jonan Cek PLTP Lahendong Unit 5 dan 6 Baca
27-Nov-16 01:00 | detik.com : Pertamina Percepat Pengoperasian PLTP Lahendong Unit 5 dan 6 Baca
27-Nov-16 00:30 | inilah.com pasar-modal : Lawan Persipura, Madura United Diminta Main Enjoy Baca

26-Nov-16 23:30 | detik.com : Tiba di Manado, Jonan Kunjungi PLTP Lahendong Unit 5 dan 6 Baca
26-Nov-16 23:30 | detik.com : Mengenal Lebih Jauh Pola Total Project Dalam Investasi Panas Bumi Baca
26-Nov-16 22:45 | mediaindonesia.com : FWD Luncurkan Asuransi Syariah Baca

26-Nov-16 22:30 | detik.com : Tiba di Manado, Jonan akan Resmikan PLTP Lahendong Unit 5 dan 6 Baca
26-Nov-16 19:45 | mediaindonesia.com : Eco Driving, Cara Bijak Berkendara Baca
26-Nov-16 08:30 | inilah.com pasar-modal : Laga Krusial Madura United di Jayapura Baca

26-Nov-16 06:30 | antaranews.com : PT DI kirim pesawat CN235-220M ke Thailand Baca
26-Nov-16 05:30 | inilah.com pasar-modal : TMDI Kembali Jual 9 Unit Truk Tata Prima 4023.S Baca
26-Nov-16 05:00 | ekonomi.metrotvnews.com : Akhir Pekan, IHSG Stabil Menguat - Metro TV News Baca

26-Nov-16 03:30 | detik.com : Pemerintah akan Tambah 10 Kapal Selam Baru untuk Perkuat Perairan Indonesia Baca
26-Nov-16 01:45 | mediaindonesia.com : Padhang Moncar, Loyalitas Empat Dekade Baca
26-Nov-16 01:30 | detik.com : Menhan Terima Dua Helikopter Produksi PTDI Baca

26-Nov-16 00:30 | detik.com : PTDI Kirim Pesawat CN235-220M Pesanan Kepolisian Kerajaan Thailand Baca
26-Nov-16 00:15 | mediaindonesia.com : Mourinho Puji Rooney Baca
25-Nov-16 21:30 | economy.okezone.com : IHSG Dibuka Berbalik Arah Usai Ditutup Anjlok 2% - Okezone Baca

25-Nov-16 18:45 | mediaindonesia.com : Rooney Cetak Rekor, MU Kalahkan Feyenoord Baca
25-Nov-16 13:45 | mediaindonesia.com : Museum Fatahillah masih Jadi Primadona Baca
25-Nov-16 08:30 | detik.com : Dikerjakan Tiga Tahap, Pelabuhan Patimban Dapat Tampung 500 Ribu Kendaraan Baca

25-Nov-16 05:00 | okezone.com : Rumah dengan Harga di Atas Rp750 Juta Paling Banyak Terjual Baca
25-Nov-16 02:15 | mediaindonesia.com : Jelang Rencana Demo 25 November dan 2 Desember, Brimob Siagakan 87 SSK Baca
24-Nov-16 22:00 | okezone.com : Plus Minus Tinggal di Apartemen Studio Baca

24-Nov-16 19:00 | inilah.com pasar-modal : Toyota Recall 744 Ribu Unit Sienna di AS Baca
24-Nov-16 04:00 | okezone.com : PP Properti Bangun 5 Apartemen Tahun Depan Baca
24-Nov-16 02:30 | okezone.com : Kementerian PUPR Bertekad Awasi Langsung Pembangunan Tanggul Raksasa Jakarta Baca

24-Nov-16 02:30 | ekonomi.metrotvnews.com : Indeks Masih Melemah di Sesi Siang - Metro TV News Baca
24-Nov-16 02:00 | antaranews.com : 34 proyek listrik mangkrak membuat rakyat rugi bertahun-tahun Baca
23-Nov-16 22:00 | www.beritasatu.com : EGAT Kuasai 11,53% Saham Adaro Indonesia - m.beritasatu.com Baca

23-Nov-16 06:15 | mediaindonesia.com : Bertandang ke Monaco, Spurs Dilanda Krisis Cedera Baca
23-Nov-16 05:30 | antaranews.com : Pada HUT kelima ALTIC bentuk divisi balap Baca
23-Nov-16 03:00 | antaranews.com : Pemerintah dorong hilirisasi industri berbasis kakao Baca

22-Nov-16 09:30 | antaranews.com : Toyota jual 314.678 unit mobil Januari-Oktober, tetap market leader Baca
22-Nov-16 07:30 | antaranews.com : KKP hibahkan 20 kapal 3 GT untuk nelayan Rohil Baca

Komentar UNIT di Saham Chat


12-Jun-17 13:02 | Philipp Lahm *guest*:
PTBA - PTBA and PT Kereta Api sign deal to tranport 130.1mt coals May Motorcycle sales prelim: 531,496units (+15% YoY, +37% MoM)

06-Jun-17 22:31 | Philipp Lahm *guest*:
Penyebab AISA turun ::: JAKARTA – During the first three months of 2017, PT Tiga Pilar Sejahtera Food Tbk (AISA) posted a decrease from the rice mill segment. In this period, the company’s net sales was as much as Rp 1.45 trillion which fell from Rp 1.66 trillion in 1Q 2016. The decrease in net sales was mainly contributed by drop in several segments such as biscuit, candy and agribusiness. The agribusiness also posted zero contribution, while contribution from rice mills fell significantly from Rp 1.11 trillion to Rp 922.47 billion. The rice business segment comes up with 7 brands namely Maknyuss, Cap Ayam Jago, Jatisari, Istana Bangkok, Desa Cianjur, Beras Rumah Adat and Rojolele Dumbo. TPS Rice is a business division of the TPS Food engaged in the milling and distribution of rice. As part of business development, TPS Rice will add two rice mills with a capacity respectively of 120,000 tons per year in Sidrap and Bone. Construction of one of the rice mill in Sidrap is estimated to be completed in 2017, while for the plan to add one rice mill in Bone, the Company is getting into the possibility to move the plan to build units Bone East Java or West Java in order to expand the existing plant. However, TPS Food managed to cut down its cost of goods sold from Rp 1.25 trillion in 1Q 2016 to Rp 1.08 trillion in 1Q 2017. As a result, the company booked Rp 103.54 billion of net profit in the first quarter of 2017 or fell from Rp 122.97 billion in the same period previous year. (LM)

05-Jun-17 18:08 | Philipp Lahm *guest*:
Saudi Arabia, Egypt, EU and Bahrain severed their ties with Qatar on Monday, accusing the wealthy Gulf Arab state of supporting terrorism. Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed their ties with Qatar on Monday OIL : Oil jumps on Mideast tensions, London attacks hurt sterling; stocks subdued CP Indonesia, Modern Cancel 7-Eleven Deal on Lack of Agreement

01-Jun-17 19:31 | Coal Man *guest*:
Meikarta Belum Kantongi Izin, Sudah Luar Biasa Iklannya Suaralawu.com - Proyek kota baru berjuluk "Meikarta" di Cikarang, Kabupaten Bekasi, Jawa Barat senilai Rp 278 triliun ternyata belum memiliki izin penuh. Proyek yang berlokasi di Desa Cibatu, Kecamatan Cikarang Pusat yang kini dalam pengerjaan tahap pertama itu membuat Bupati Bekasi Neneng Hasanah Yasin mempertanyakannya. Apalagi, Bupati Neneng mempersoalkan manajemen Meikarta yang justru lebih dulu menjual unit pemukiman sebelum proses perizinan rampung. Bahkan, pembangunannya mulai dilakukan meski izin belum disetujui. "Proyek belum punya izin apapun, baru izin lokasi. Berdasarkan tata ruang sudah rampung, cuma yang dikhawatirkan itu iklannya luar biasa," kata Neneng di Bekasi, kemarin. Selain belum merampung proses perizinannya, katanya, manajemen pun belum mengajukan desain kawasan pemukiman tersebut. "Terus terang tidak tahu Meikarta itu yang mana. Kalau datang ke kami atas nama perusahaan bukan merek dagang. Saya pribadi belum melihat desainnya seperti apa. Mereka juga belum mengajukan desainnya," katanya seperti diberitakan RMOLJakarta.Com.

01-Jun-17 18:56 | Coal Man *guest*:
U.S. coal stocks fall; exit from climate deal may hurt, not help 0:00 16h ago | 01:43 Coal, solar fall on climate deal By Rodrigo Campos and Nichola Groom | NEW YORK/LOS ANGELES (Reuters) - U.S. coal company shares dipped alongside renewable energy stocks on Wednesday after reports that President Donald Trump plans to pull the United States from a global accord on fighting climate change. The market reaction reflects concerns, raised by some coal companies in recent months, that a U.S. exit from the Paris Climate Agreement could unleash a global backlash against coal interests outside the United States. Peabody Energy, the largest publicly traded U.S. coal company dropped 2.2 percent to $24.29 a share, while Arch Coal fell 0.4 percent to $70.77. A spokesman for Peabody said the company would support a decision by Trump to withdraw from the Paris deal because the "accord is flawed on a number of levels." Peabody, however, was among a handful of big coal companies that had argued that Trump should stay in the deal to help protect coal industry interests overseas, including by ensuring funding for coal-fired power plants and so-called "clean coal" technology.

28-May-17 15:12 | cahayapurnama:
JITUNEWS.COM – Tokoh Komunitas Masyarakat Tionghoa Anti Korupsi (Komtak), Lieus Sungkharisma, menilai, insiden tertangkapnya 141 orang pria yang sedianya akan melakukan pesta seks sesama jenis, di Gym Atlantis Ruko Permata Kelapa Gading, Jakarta Utara, merupakan tamparan keras bagi jajaran Kepolisian Indonesia (Polri). Tak segan, Lieus pun menyebut kasus tersebut sebagai imbas dari tindak kriminalisasi terhadap ulama.------>kesimpulan ngawurrrr

27-May-17 10:00 | Philipp Lahm *guest*:
DIrector at the energy and mineral resources ministry, that Indonesian Government plans to tighten coal export policy starting 2019 in order to preserve coal supply for domestic power generation amid growing demand in Southeast Asia. According to the Government, domestic consumption on coal is expected to soar to 240m tonnes in 2019 from 111m tonnes in 2016. The Government plans to restrict production to 400m tonnes in 2019 from 419m tonnes in 2016. Indonesia may complete additional capacity of the 35,000MW power plants program by 2021 or 2022. Comment: If the Government succeeds in limiting coal export volume in order to fulfill increasing domestic coal demand, this should be positive for coal price as Indonesia and Australia are the two largest coal exporters. In coal sector, We like Bukit Asam (PTBA IJ, Buy, TP:IDR17,600) due to its higher earnings visibility. Being the only listed state-owned-enterprise (SOE) coal mining company, it benefits from the synergy between SOEs, which leads to continual increase in coal sales volumes due to the long-term domestic coal commitments. We also like Delta Dunia (DOID IJ, Buy, TP:IDR1,500) because of: 1) Sizable forecast earnings growth; 2) Undemanding valuations – it is trading at FY17F P/E of 6.0x and EV/EBITDA of 3.5x. By comparison, its closest peer, United Tractors is trading at FY17F P/E of 13.4x and EV/EBITDA of 6.0x. 3) Inclusion into MSCI Small Cap Index effective after the end of trading period on 31 May 2017.

21-May-17 21:51 | Philipp Lahm *guest*:
PGAS obtains 37 billion BTU from ConocoPhillips JAKARTA (TheInsiderStories) – PT Perusahaan Gas Negara Tbk (IDX: PGAS) received 37 billion British thermal units (BTU) of natural gas from ConocoPhillips, which will be allocated to Dumai areas in Riau. President Director of the company Jobi Triananda Hasjim explained, the signing of agreement signing was done on May 17. The gas supply will flow throughout 2018 to 2023 through a network of Duri – Dumai transmission pipes. PGN is currently finishing the construction of 137 kilometers distribution pipes that is predicted to be completed in 2018. The company is also working on the 67 kilometers Duri – Dumai pipe project. Currently, the state-owned company has constructed and operated natural gas pipe network measuring more than 7,200 kilometers across Indonesia. The company operates two floating storage and regasification units (FSRU), 11 gas refueling stations, and four mobile refueling units (MRU). (*)

20-May-17 20:35 | Philipp Lahm *guest*:
Based on our recent Singapore marketing trip on coal mining and the coal mining contractor sectors, we noticed most of the 21 buyside analysts and fund managers had a neutral stance on the sectors. We argued instead that the recent sector share price pullbacks create opportunities for accumulating good counters. We did not face major pushback on our ideas. One of most frequently asked questions on specific counters was for the reasons as to why we have a NEUTRAL recommendation on United Tractors. Our Top Picks are Bukit Asam and Delta Dunia. Top Picks Target Price Bukit Asam (PTBA IJ) – BUY IDR17,600 Delta Dunia Makmur (DOID IJ) – BUY IDR1,500 China's thermal coal price band Source: Fenwei Energy Information Services Our view Recent pullback creates opportunity to accumulate. We think the recent pullbacks in share prices are too excessive – which creates an opportunity to accumulate good coal mining and coal mining contractor counters. The coal price (Newcastle, CV 6,300kcal/kg) should be traded between USD64 and USD78/tonne, in our view. We think China, as the biggest consumer and the biggest producer of coal in the world, has an interest in maintaining the coal price at a certain level that generates profit for its coal miners. We think the coal price should trade in the above price range in order to: i. Mitigate a sizable increase in NPLs of Chinese banks, as there are substantial loans to the Chinese mining sector; ii. Maintain sustainability of coal supply to its power plants. Around 63% of China’s coal consumption is absorbed by the power sector. Therefore, we think China would maintain the sustainability of its coal supply to its power plants by allowing coal companies keep generating profit; iii. Compensate for the cash costs per tonne of coal of underground coal mining, which are higher than those for open pit coal mining. Around

18-May-17 17:15 | Aurelia *guest*:
Salam ihsg. Pak #polisi saya menemukan iklan pornografi terselip di facebook " komunitas jual beli rumah tanah padalarang" pengirim alliya fatharani. Beliau menyebut link http://dfghjkldfgfrhtyui.blogspot.com/2017/05/blog-post.html

12-May-17 15:51 | AManCallAnonymous *guest*:
Just fyi; meikarta booking number reach around 18,000 unit. Source: property agent

06-May-17 21:03 | Smart-investor *guest*:
Mengenai pabrik, saat ini PTSN [120 -24 (-16,7%)] memiliki 11 pabrik dan salah satu pabrik sedang direnovasi dari 2 lantai menjadi 5 lantai. "Kegunaannya untuk menambah tempat produksi produk baru, misalnya nanti saat Xiaomi dan Huawei masuk pasti akan membutuhkan kapasitas besar.," katanya. Saat ini kapasitas produksi Sat Nusapersada mencapai 18 juta unit smartphone per bulan dan 1 juta unit baterai perbulan.

06-May-17 21:02 | Smart-investor *guest*:
Jakarta. Sambil menunggu tahap negoisasi dengan Xiaomi dan Huawei yang rencananya baru akan diproduksi 2017 mendatang, kini PT Sat Nusapersada Tbk (PTSN) [120 -24 (-16,7%)] produsen penyedia jasa produksi perangkat telekomunikasi tersebut kedatangan dua konsumen baru. Dua konsumen baru itu adalah smartphone Lava asal Thailand dan Infinix asal China. Kedua konsumen baru tersebut saat ini sudah mampu memproduksi 10.000-20.000 unit per bulan. Namun ke depannya akan menambah lagi. "Karena sejauh ini sedang test market dulu," Kata Smailly Andy, Investor Relation PT Sat Nusapersada Tbk kepada KONTAN, Kamis (17/11).

04-May-17 18:30 | Top1:
430237 | 04 May 17 @18:18 | AManCallAnonymous *guest* (114.124.xxx.xxx): Millennium Village 200T Meikarta 278T Please beware bias confirmation -> Karena itu saya katakan yang real dan akan dibangun itu adalah 200000 unit apartemen di 250 tower di cikarang, yang lain2 masih wait and see dulu.

04-May-17 17:32 | Top1:
@Kunchen : Jadi ke depan LPKR juga akan terpengaruh, tapi tidak untuk tahap awal di mana pembangunan apartemen mencapai 200000 unit dan serah terima akhir 2018. Coba hitung saja sendiri satu unit harganya berapa kira2 hihihi. Namun saya gak berani bilang langsung besok naik, bisa jadi ada naik dan turun tapi ke depan tentu Naik banyak

04-May-17 17:30 | Top1:
430231 | 04 May 17 @17:23 | Kunchen Ganteng *guest* (202.191.xxx.xxx): Top1 kenapa LPKR tidak berpengaruh ke proyek Meikarta.Lebih pengaruh ke LPCK -> karena tahap awal pembangunan 250 tower dengan 1 tower mencapai 800 unit khan dipakai-nya di tanah LPCK, LPKR adalah induk LPCK dan mendapatkan manfaat tidak langsung, namun ke depan kalau proyek2 lain yang sampe 278 trilyun itu baru LPKR bisa kecipratan. Tahap awal yang kecipratan tentu LPCK dulu.

03-May-17 16:40 | hbkk *guest*:
Kalo mnrtku utk produk apartemen paling bagus produknya dild. Kualitas bangunan plg ok, tapi segmen pasarnya premium, regatta, 1park avenue. Ciputra juga main di kelas premium. Baru apln yg segmen pasarnya middle. Kalo apartemen punya elty yang the wave rasuna tuh, duit dah masuk ke pengembang, serah terima unit nya molor berapa tahun tuh.

02-May-17 19:48 | bahaya HTI *guest*:
ciri ciri pengikut HTI yang.wanita dominan pakai CADAR atau Penutup hidung dan.pria.pakai celana cingkrang.yang.lebih modis model begy tapi ngatung jadi tidak terkesan cingkrang tradisional !! agak jenggot.ngak terlalu tebal dan.mereka membentuk KOMUNITAS EKSKLUSIVE BAGI.KELOMPOK MEREKA HTI !! Banyak orang asing paham hizbur tahris berkeliaran bermuka asing timur tengah !! WASPADA saja NKRI dan.PANCASILA !! ihsg

29-Apr-17 20:40 | Philipp Lahm *guest*:
Fundamental SSIA:Surya Semesta Internusa Buy (Maintained) Target Price: IDR940 Price: IDR735 Subang Industrial Estate As a Future Driver Market Cap: USD260m Bloomberg Ticker: SSIA IJ We reinitiate coverage on Surya with a BUY recommendation and SOP- based TP of IDR940 (28% upside) that implies 13.8x FY17F P/E and 60% discount to NAV. We believe the company is on a landbank drive as it plans to use proceeds from its recent divestment in the toll road stake of IDR2.5trn to acquire 500 ha of land in Subang, West Java. The 2,000ha licensed area was acquired in 2014 and more land is being procured before the commencement of its infrastructure development either this year or in 2018. Going forward, the Subang industrial area is likely to make up for the company’s lack of landbank. Share Data AvgDaily Turnover (IDR/USD) 13,105m/0.98m 52-wk Price low/high (IDR) 434 - 760 Free Float (%) 72 Shares outstanding (m) 4,705 Estimated Return 28% Shareholders (%) PT Arman Investment Utama 8.9 PT Persada Capital Investama 7.9 PT Union Sampoerna 6.5 Share Performance (%) YTD 1m 3m 6m 12m Absolute 69.4 31.3 59.8 34.9 5.8 Relative 62.8 26.6 53.5 29.6 (10.7) Reinitiate coverage with a BUY recommendation and TP of IDR940. We reinitiate coverage on the stock with a BUY call and a SOP-derived TP of IDR940. Our valuation comprises: i. NAV for its industrial and rental estates; ii. DCF (WACC: 9.3%, TG: 3%) for its hospitality segment; iii. 13x 2017F P/E for its construction unit. Our TP implies 13.8x FY17F P/E and 60% discount to NAV

29-Apr-17 20:12 | Philipp Lahm *guest*:
Fundamental DOID Delta Dunia Makmur – Further Robust Volume Ahead Delta Dunia should book further increases in its mining contracting volume in the middle of the year, after the seasonal 1Q rainfall, further bettering its outlook. The company recorded stellar 1Q17 earnings of USD23.7m (+676% YoY), beating consensus (57% of FY17F consensus). Compared to its closest peer, United Tractors, it books much higher volume, while trading at a much cheaper valuation. We reiterate our BUY call with IDR1,500 TP (35% upside). Better weather in the middle of the year should further boost its mining contracting volume. Delta Dunia Makmur (Delta Dunia) booked strong growth in its 1Q17 overburden removal (+35.9%YoY) and coal getting (+30.8%YoY). Heavy rain, which is common in 1Q, led to Delta Dunia booking 1Q17 mining contracting volume of around 23% of our FY17F (in line with our expectation). In 2Q and 3Q, the weather should normalise (ie less rainfall than in 1Q), which should lead to a further increase in Delta Dunia’s mining contracting volume in these periods, and improve its outlook further. ¨ Dunia’s price multiple. ¨ Stellar 1Q17 financial performance beats consensus expectation. Delta Dunia booked strong 1Q17 earnings of USD23.7m (up nearly 700% YoY), significantly above consensus expectation (reaching 57% of consensus FY17F), but still within our expectation (26% of our FY17F). 1Q17 earnings growth was driven by a spike in its mining contracting volume and better mining contracting fees, as the average coal price stayed above USD75/tonne in 1Q17. ¨ Reiterate BUY call with TP of IDR1,500. Our TP of IDR1,500 is derived using DCF (WACC: 9.8%, TG: 1%), and implies 2017F P/E of 10.1x and EV/EBITDA of 5x, which is still cheaper vs United Tractors. We reiterate our BUY call as we think a potential near-term catalyst of a sizable consensus earnings upgrade would boost its share price.


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