Thursday, December 9, 2010

CIMB Niaga (Indonesia)

Share price shot up to Rp 2575 and trading at PE of 25X.
Strong earning growth rate of 50% for coming year will push the share price to

Rp 2500 @ PE 16X
Rp 3000 @ PE 20X

Therefore, for those who bought at Rp2200 and below in less than 2 months ago should consider to cash out if price reach Rp3000.

Another 2 counters going to cover will be Indocement and Holcim.

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