Guyur lagi aja...ah lebih masuk akal...hehehe... Sent from my BlackBerry® smartphone from Sinyal Bagus XL, Nyambung Teruuusss...!
-----Original Message----- From: sinta sari <[email protected]> Sender: [email protected] Date: Thu, 14 Jun 2012 09:12:07 To: <[email protected]> Reply-To: [email protected] Subject: Re: [saham] Credit Suisse (CS) : Buy HRUM, Target Price Rp. 10.000,- Ayo dong, Tante CS, hari ini tarik ke 10.000 ya, atau....malah mau guyur lagi? Jangan tanggung2, kalo mau guyur, langsung aja ke 4 ribu sekalian. Biar afdol, he.. he.. 2012/6/13 Bambang Kansah <[email protected]> > ** > > > *Credit Suisse: Indonesia Coal Sector - Cheaper option.* > ● The coal sector has been underperforming the Indonesian market trading > at 10x FY12E P/E. The sector now trades at a 28% discount to the JCI. > Compared to other regional players, Indonesian coal stocks offer a cheaper > option, given that they > trade at a 13% discount to their Chinese peers. > ● We are bullish on our coal price assumptions as we still see strong > demand from China and India . The risk is on the supply side from Indonesia > as domestic consumption is set to increase with new power plants coming on > stream to support the country’s > economic growth. > ● The risk to our call would be if railway infrastructure in Mongolia , > India, and at PTBA were completed on schedule, which would bring a lot of > coal to the market. > ● Our top picks in the sector are ITMG, HRUM and PTBA. HRUM has a more > attractive valuation, with strong volume growth and not much cost increase > as it is operating relatively new mines. ITMG provides better liquidity and > no corporate governance issues. > CS picks in the sector, in the order of preference, is: > Indo Tambangraya (ITMG, O, PT Rp50,000): Still Looks Attractive After > Earnings Cut > Harum Energy (HRUM, O, PT Rp10,000): Strong Cash Flow and Volume Growth > Bukit Asam (PTBA, O, PT Rp25,000): Railway Projects to Materialize > > > -- > send from my hoki blackberry@ > > >
