PT Eterindo Wahanatama (ETWA)

Setelah liat saham CNKO (liat folder arsip)  hari ini, saya jadi inget salah satu saham pilihan saya bergaya "buffett's style" :D di bulan maret tahun ini dan udah lama nggak riset saham 3rd liner, saya iseng cari yang valuasi sama yaitu dengan D/E dan Current Ratio Ok (itung2an sendiri, Dividen yield dikesampingkan) dan tentunya masih undervalued dan berikut saham  pilihan saya :

Company Profile

Biodiesel Manufacturer and Chemicals Trading in Southeast Asia

Eterindo group's activities started with trading of chemical products. PT Eterindo Wahanatama Tbk was incorporated in 1992 as the holding company and listed on IDX in 1997. Today, Eterindo has diversified the group business into a resources based one by Biodiesel manufacturing, Oil-palm plantation operations and chemicals trading.

In addition to the domestic market, Eterindo exports its products worldwide such as Southeast Asia, China, India, Bangladesh, Middle East, Japan, Korea, Australia and United States.

In line with increasing global fuel demand and reducing fossil energy resources, including petro diesel, we are looking into the need of creating alternative fuel which is not only serve as a diversification or alternative to the conventional fuel oil but also as an environment friendly source of energy.

We have succesfully completed modifying our existing production facilites in Gresik to enable the plant to produce Biodiesel/Palm-Methyl-Esther. Currently, commercial production capacity is 140,000 MTPA.

In 2010, Eterindo acquired 2 oil-palm plantation companies in West Kalimantan to strengthen its biodiesel business by having a secure supply of raw material as a vital component of vertical integration. The Total land area is 40,000 Ha, of which total plantable area is around 24,000 Ha. The plantation is targeted to be completed in 2015 with the production of CPO approximately 130,000 - 160,000 MTPA.

last news : PT Eterindo Wanatama Tbk (ETWA) membukukan laba bersih sebesar Rp 11,55 miliar atau Rp 11,93 per saham pada kuartal I 2012. Laba bersih kuartal I 2012 menunjukan kenaikan 55,14% bila dibandingkan dengan laba bersih pada kuartal I tahun lalu sebesar Rp 7,45 miliar atau Rp 7,69 persaham. Hal ini disebabkan oleh meningkatnya Pendapatan perseroan dari Rp 226,17 Miliar pada kuartal I tahun lalu menjadi Rp 227 miliar pada kuartal I tahun ini. Dan Beban pokok perseroan juga mengalam penurunan dari Rp 208,92 miliar menjadi Rp 198,99 miliar pada kuartal I tahun ini.

Berikut Valuasi saham ETWA :

Sumber : reuters

Analisa Teknikal :

Akumulasi Buy : 300 - 320 - 350

TP 1 : 610 - 660
Buy them when they're sleep, hold them when the're creep, sell them when they're leap

Good Luck