JSMR profit Up

PT Jasa Marga Tbk (JSMR) recorded a net profit increase of about 11% last year. In late 2011, this toll road operator posted a consolidated net profit of Rp 1.319 trillion, compared to Rp 1.185 trillion the previous year.
Issuer profits is fairly mini red plate, because the revenue was only up about 13% to Rp 4.96 trillion. JSMR financial statements (audited) which was released Thursday (29/3) shows, the income from the toll road business still contributes the largest, reaching 4.843 trillion, equivalent to 97% of total operating revenues of the Company.
On the other hand, companies have to spend more to finance the expenditure, which, among others, for toll collection, highway maintenance service as well. Throughout the year, operating expenses increased by about 12% SMGR to Rp 2.679 trillion. Even so, the company is still able to record an operating profit increase of 14.7% to Rp 2.281 trillion in 2011.
Thus, the company was still able to maintain growth in net profit at the end of last year, about 11%. Increased earnings also helped lift earnings per share or earnings per share (EPS) to $ 197.68 per share in 2010, from the previous year to Rp 176.14 per share.

SMGR profit up

PT Semen Gresik Tbk (SMGR) consolidated net profit of Rp 3.955 trillion last year. That number edged up about 8% over the previous year achieving a profit of Rp 3.659 trillion.
Thus, earnings per share or earnings per share (EPS) SMGR also increased from Rp 613 per share in 2010 to Rp 662 per share at the end of last year.
SMGR financial statements (audited) which was released Thursday (29/3) showed a slight increase occurred because the profits corporate earnings did not rise significantly. Throughout 2011, the largest cement producer in Indonesia is Rp 16.379 trillion in net sales, or only up 14% over the previous year are valued at Rp 14.344 trillion.
Meanwhile, the cost of goods increased by 18%. Thus, gross profit was recorded up about 10% to Rp 7.487 trillion at the end of last year.
Selling expenses and operating expenses also increased respectively 12% and 150% in the last year. However, SMGR received significant additional income from other operating income accounts is around Rp 69.978 billion. As a result, the Company was still able to print a profit increase, although fairly thin about 8% by the end of last year.
On the other hand, total liabilities amounting to 47.42% SMGR swell to Rp 1.623 trillion in the year. This increase was primarily due to increases in bank lending accounts which reached 73.5%. Because the company drew down a new bank loan to finance the construction of cement plants and new power plants in the subsidiary.
Meanwhile, total assets also increased by 26.33% to Rp 4.098 trillion. This increase was primarily due to increases in fixed asset account for 97.07%. This is related to the progress of the construction of two cement factories and a new power plant.

UNVR Profit Rise

PT Unilever Indonesia Tbk (UNVR) scored a consolidated net profit of Rp 4.164 trillion last year. That number increased 23% compared to the achievement of the previous year of only Rp 3.385 trillion.

As profits increase, then the net income per share or earnings per share (EPS) increased to $ UNVR 546 per share, compared to the previous year to Rp 444 per share.

UNVR financial statements (audited) which was released Friday (30/3) demonstrate, the achievement of sufficient profit sleek occurred as rising sales. In the past year, consumer goods manufacturers are successfully posted net sales of Rp 23.469 trillion, or 19% greater than the previous year which amounted to Rp 19.690 trillion.

Despite the increase in cost of sales by 20%, but companies are still able to record a gross profit growth of about 17% to Rp 12 trillion last year.

The Company also recorded a greater need to spend their money for marketing expenses and interest expenses. But, on the other hand, UNVR get additional revenue from asset disposal profits of Rp 112 billion. Loss of foreign exchange was shrinking from Rp 10.76 billion, to just Rp 831 million.

Not surprisingly, the financial coffers UNVR can remain positive, even managed to score a profit increase of 23% at the end of last year.

Profit PGAS down

 PT PGN Tbk (PGAS) recorded revenues of Rp 19.57 trillion last year. The amount is down 1.01% over the previous year which amounted to Rp 19.77 trillion.
Meanwhile, operating profit reached Rp 7.72 trillion, or trimmed down 14.51% from the previous year which reached Rp 9.03 trillion.
In the financial statements diriis Friday (30/3), visible reduction in net income falling revenues triggered PGAS. If at the end of 2010, net income of SOEs was recorded Rp 6.24 trillion at the end of 2011, down about 5.2% to Rp 5.93 trillion.
These changes are influenced by the decrease in distribution volume of distribution as well as an increase in cost of goods and operating expenses. Increase in cost of goods due to rising prices of gas purchase contract extension and a new gas contract. Throughout 2011, the financial performance of PGAS obtained from the gas sales volume in the distribution business for 795 MMSCFD (million standard cubic feet per day).
Meanwhile, fluctuations in the volume of gas from PGN gas supplier during 2011 resulting in decreased volume of the original 824 MMSCFD in 2010. On the other hand, the business of transmission, gas distribution volume increased from 836 MMSCFD in 2010 to 845 MMSCFD in 2011.
Director of PGAS Hendi Prio Santoso admitted, PGN supplies received during 2011 fluctuated. "Relevant policy priorities for the allocation of domestic gas and maintenance activities on the upstream side of gas significantly affects the customer," Hendi said in Jakarta, Friday (30/3).
Furthermore, Hendi said, PGAS and industrial customers in particular continue to strive for the allocation of natural gas provided to the industry through PGAS infrastructure can continue to rise, given a positive impact to drive the national economy.
In the future, PGAS is committed to support the increase of national production and distribution of natural gas to meet domestic gas needs. One of them, there are several stages of negotiations with suppliers that continue to be made, including efforts to obtain economical price at all. The aim is to stimulate an increase in new gas exploration activities in the upstream sector.

Your Mutual Funds

Reksa Dana	NAB/UP	Pertumbuhan (Return) %
		1 hari	1 bulan	1 tahun	3 tahun

AAA Blue Chip Value Fund	1,563.55	0.19	2.28	6.00	128.83
AAA Equity Fund	792.34	0.13	1.73	6.14	-
Axa Citradinamis	3,715.27	0.35	3.06	9.23	129.78
Bahana Dana Prima	12,581.32	0.26	2.86	12.03	160.45
Batavia Dana Saham	40,357.45	0.50	3.49	8.56	178.57
Batavia Dana Saham Agro	930.59	-0.18	-0.04	-	-
Batavia Dana Saham Optimal	1,891.69	0.36	3.02	10.87	173.34
Batavia Dana Saham Syariah	1,616.71	0.80	5.33	13.43	185.94
BNI Dana Berkembang	2,292.53	0.19	2.97	11.33	146.19
BNP Paribas Ekuitas	15,112.68	0.33	3.37	15.07	196.54
BNP Paribas Infrastruktur Plus	2,295.22	0.37	3.74	4.68	155.66
BNP Paribas Inspira	1,073.43	0.35	3.54	-	-
BNP Paribas Maxi Saham	1,438.57	0.28	2.81	11.54	-
BNP Paribas Pesona	20,630.82	0.31	2.92	15.18	179.13
BNP Paribas Pesona Amanah	1,974.80	0.25	3.55	20.96	198.79
BNP Paribas Solaris	1,862.81	0.36	4.47	14.07	228.96
BNP Paribas STAR	1,220.38	0.20	4.28	-	-
CIMB-Principal Equity Aggressive	2,909.69	0.27	2.36	8.95	132.00
CIMB-Principal Islamic Equity Growth Syariah	1,437.06	0.14	1.69	8.54	130.16
Cipta Syariah Equity	1,640.25	-0.01	3.51	27.24	193.63
Dana Ekuitas Andalan	3,510.03	0.08	2.40	6.33	142.62
Dana Ekuitas Prima	3,690.77	0.26	3.62	14.86	170.16
Dana Pratama Ekuitas	5,831.09	0.93	2.49	1.49	163.93
Danareksa Equity Focus	987.77	0.38	2.99	-1.54	-
Danareksa Mawar	7,208.05	0.21	2.50	13.50	166.99
Danareksa Mawar Agresif	1,083.99	0.32	3.23	7.07	129.98
Danareksa Mawar Fokus 10	1,345.47	0.25	0.54	-0.81	-
Danareksa Mawar Komoditas 10	936.36	-0.23	-1.01	-7.13	-
Danareksa Mawar Konsumer 10	1,249.00	0.16	2.36	20.18	-
Emco Growth Fund	1,250.58	0.79	4.16	27.24	166.31
Emco Mantap	6,038.06	1.33	3.62	45.54	268.04
First State Dividend Yield F	3,383.46	0.33	2.54	14.14	148.90
First State Indoequity High Conviction Fund	1,012.09	0.19	0.88	-	-
First State IndoEquity Peka Fund	1,438.94	0.42	4.14	20.02	-
First State Indoequity Sectoral Fund	4,640.81	0.38	3.30	16.39	168.56
First State IndoEquity Value Select Fund	1,395.36	0.30	3.47	17.73	156.71
GMT Dana Ekuitas	2,863.27	0.47	2.35	19.12	209.55
Grow-2-Prosper	2,152.78	0.20	1.51	7.10	188.58
HPAM Ultima Ekuitas 1	1,469.18	0.36	0.61	13.72	-
Indosurya Equity Fund	1,444.53	-0.17	2.83	9.83	-
Jisawi Progresif	1,000.10	-	-	-	-
Jisawi Saham	1,733.19	0.18	2.75	2.12	134.21
Lautandhana Equity	1,524.18	0.84	2.74	7.56	118.91
Lautandhana Equity Progresif	742.62	0.99	4.63	21.24	-
Mandiri Investa Atraktif	3,838.19	0.38	2.73	8.60	154.85
Mandiri Investa Atraktif Syariah	1,288.70	0.22	2.36	11.60	133.38
Mandiri Investa Ekuitas Dinamis	1,229.70	0.45	3.96	20.29	-
Mandiri Investa UGM	2,262.09	0.35	1.31	6.20	120.64
Mandiri Komoditas Syariah Plus	1,076.88	0.04	0.23	-	-
Mandiri Saham Atraktif	1,086.09	0.45	3.39	-	-
Mandiri Saham Syariah Atraktif	1,120.49	0.22	2.47	-	-
Manulife Dana Saham	9,743.98	0.54	2.99	10.48	156.16
Manulife Greater Indonesia Fund	1.2342	0.27	1.97	-	-
Manulife Institutional Equity Fund	1,001.46	0.35	3.68	-	-
Manulife Saham Andalan	1,625.75	0.35	3.21	11.00	180.54
Manulife Syariah Sektoral Amanah	3,107.39	0.40	4.27	17.39	181.47
Mega Asset Maxima	1,007.28	0.13	-	-	-
Mega Dana Ekuitas	800.73	-	-0.10	-1.47	65.60
Mega Dana Saham	1,192.44	0.07	1.44	7.27	124.47
Millenium Equity	1,702.95	-0.10	1.25	15.48	117.74
MNC Dana Ekuitas	2,863.49	0.10	5.43	26.76	187.07
NISP Indeks Saham Progresif	1,638.34	0.20	1.76	6.60	146.95
OSK Nusadana Alpha Sector Rotation	963.13	0.74	3.54	-3.05	-
OSKN Indonesia Dynamic Resources Plus	969.42	-0.01	0.99	-	-
Panin Dana Maksima	56,261.06	0.19	0.81	12.78	379.14
Panin Dana Prima	2,643.67	0.36	1.75	15.81	291.75
Phinisi Dana Saham	17,690.42	0.45	4.12	12.42	155.52
PNM Ekuitas Syariah	1,561.18	0.06	1.34	2.42	107.04
PNM Saham Agresif	880.35	0.55	3.61	-	-
Pratama Equity	1,346.75	0.95	2.97	7.09	-
Pratama Saham	3,831.45	0.97	2.84	1.94	209.47
Prospera Bijak	925.70	-0.24	1.17	-	-
Rencana Cerdas	11,175.15	0.40	2.85	15.64	170.95
Sam Indonesian Equity Fund	1,202.84	1.81	5.87	-	-
Schroder 90 Plus Equity Fund	1,477.83	0.45	2.72	14.55	-
Schroder Dana Istimewa	5,337.02	0.64	3.23	17.59	190.89
Schroder Dana Prestasi Dinamis	1,145.10	0.23	2.20	-	-
Schroder Dana Prestasi Plus	22,403.23	0.23	2.14	10.79	163.67
Schroder Indo Equity Fund	1,625.22	0.25	2.30	14.91	-
Simas Danamas Saham	1,611.31	-0.39	1.57	1.18	132.09
Syailendra Equity Opportunity Fund	2,831.12	0.54	2.87	16.54	219.49
TRAM Consumption Plus	1,138.75	0.25	5.31	-	-
TRAM Equity Focus	1,207.53	0.99	5.40	-	-
TRAM Infrastructure Plus	1,001.65	0.17	-	-	-
TRIM Kapital	7,631.31	0.75	4.70	25.90	204.53
TRIM Kapital Plus	2,864.51	0.87	5.33	22.28	279.94
TRIM Syariah Saham	1,356.79	0.43	7.27	29.35	167.21

The 4 psychological traps in investing

It's been said of life that we are our own worst enemies, for the mindless decisions we make, as well as our frequent inability to learn from them. Nowhere is this more evident than on Wall Street, where this enemy from within has a way of making us too confident, too timid, too impulsive, and too staid - sometimes even all at once.

And so, for this installment of Investing 101, we highlight four key areas where your head can be the biggest obstacle to success as we tackle some dos and don'ts of market psychology.
Anchored in the Past
Oh how easy it is to pick winners with the benefit of hindsight. And yet, one of the biggest blunders investors make is the tendency to make decisions in the rear-view mirror instead of the through the windshield.
"There's always some big recent event that everyone anchors themselves on," says Russell Pearlman, sr. markets editor at SmartMoney magazine in the attached video. "These days everyone is anchored on all the bad stuff that happened in 2008."
Even though that particular fear, or any other fear may be valid, Pearlman says it has caused countless investors to either sit on the sidelines or seek the theoretical safety of Treasuries.
He's certainly not advising investors be cavalier about risk, but he is pointing out the pitfalls of paralysis, saying "what happened in 2008 should not be the be-all, end-all rationale for making an investment or not making an investment."
Confirmation Bias
This trait can be observed both on and off Wall Street and is perhaps the most pervasive mistake we make. As Pearlman says, "this is a behavior that all of us exhibit."
So what exactly is confirmation bias?
"This is seeking out information that confirms what you already know or want to believe," Pearlman says. Apple (AAPL) is a good example, given its meteoric rise and fervently loyal fan base. A mere mention of something critical about the i-Giant is almost certain to trigger an avalanche of counter-attack, rather than evoke a thoughtful debate. This mindset is dangerous and will ultimately hurt you.
The Thrill of the New
Perhaps it is our ever shrinking attention spans or simply the result of a growing stable of incredibly cool gadgets, but Pearlman sees danger in our infatuation with new stuff.
"Everyone loves new things," he says, "but that can work against you too."
The example he uses here is McDonalds (MCD), an unbelievably successful company and stock, that happens to also be in the old business of making hamburgers. The advice here is to be open to all ideas, not just ones tied to new things.
Overvaluing Experts
Our last mental trap that can trip you up is, in a way, a shout out to ourselves. At a time when more information from more places moves faster than ever, Pearlman says it is imperative that investors take some ownership in the decision-making process.
"We assume experts know everything," he says, "often in fields that they're not expert in."
This is in no way a slight to all authority or legitimate expertise, but rather a cautionary caveat to stay involved.