Earning picking up strongly after post-merger with Bank Lippo and Bank Niaga.
EPS up to 9M2010 = 75 Rp, 12M 2010 approximately = 100Rp
Share Price as at 29-11-2010 = 1650 Rp ( trading @ 16.5X)
Industry Ranking : 5th largest bank in Indonesia
Recommendation : Accumulate below 1500Rp
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