Search archives for:
Banking Sector – Overweight (Maintain)
Just a Little Bit Dangerous
• SPN 3M yield highly probable lower than last year.
• No sistemic impact from declining SPN yield.
• BMRI & BBNI have a room to minimize impact.
• Maintain BMRI & BBNI as our stock picks.
Cement Sector – Neutral (Maintain)
Solid 3M12 demand
• 3M12 growth is still in double-digit track.
• The real challenge starts in 2Q12.
• INTP on the spotlight.
• Anticipating strong 1Q12 result.
Vale Indonesia (INCO) – BUY (Maintain)
Price: Rp3,550 – Target Price: Rp5,000
Underperformed due to furnaces shutdown
