INTP IJ / INTP.JK | OUTPERFORM - Maintained | Share Price Rp21,800.00 - Tgt. Rp30,000.00 Cement | - by Lydia TOISUTA

INTP IJ / INTP.JK  |  OUTPERFORM - Maintained  |  Share Price Rp21,800.00 - Tgt. Rp30,000.00  Cement | - by Lydia TOISUTA 

Indocement continues to ramp up its production to take advantage of favourable pricing in Jakarta, backed by soaring demand. New facilities should cement its multi-year growth. 9M12 results beat our estimate and consensus by 3%, with the main difference being lower-than-expected costs. We upgrade our EPS by 2-9% to incorporate lower costs and roll over our target price to end-CY13, still pegged at a 30% premium to our JCI target, or near its 2010 peak. Maintain Outperform for catalysts such as further cost reduction and better pricing outlook. Indocement remains our top pick in the sector.

Listri adistri: REMINDER: *Cermati PT Nusantara Infrastructure Tbk (META) disebut-sebut tengah mengincar ruas tol milik Grup Bakrie. Kabar itu diperkirakan bisa mendorong saham META menembus Rp 400 dalam jangka pendek, dibandingkan kemarin Rp 189. Selain itu, rencana IPO salah satu anak usaha META akan berdampak positif terhadap harga saham perseroan. (Investor daily)

Last message received on 11/28 at 9:34 AM

Listri adistri: REMINDER PKPK: akan melaksanakan RUPSLB pada 27 Desmber 2012 dengan agenda permintaan persetujuan RI (sudah resmi)

(Rumours berkait PKPK: PKPK, will undertake appropriate corporate action. Scheduled in the prospectus. RUPSLB  that 27 december 12 will conduct a rights issue at a price of 800, the funds used to finance the new project period 2013. (Mengenai harga pelaksanaan di 800 masih Disc ON)

 

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