Monday, 23 April 2007 14:22:50
StockWatch (Jakarta) - Kim Eng Securities' analyst Yusuf Ade Winoto still
recommends buying of PT Bank Mandiri Tbk's shares (BMRI) today (23/4) at target
price of IDR3,750 per unit for the next 12 months.
Considering the current price of IDR3,250 per share, the target price should
imply a potential increase of 15.38%.
Winoto said that Mandiri is still likely to have a promising result in the
following quarter, and therefore Kim Eng still expects the bank's return on
equity (ROE) to step up from 19.7% at 20.3%.
At 02:10 JATS time in the JSX today, BMRI was up IDR100 or 3.17% at IDR3,250
per share versus the closing price on Friday (20/4) at IDR3,150, while the
volume was 337,880 lots with value of IDR552,044 billion. (dwi/bud)
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