Invest Indonesia:- CIMB-NIAGA..Riding on Indonesia Growth Story

On 26 Jul 2010, The Shareholders of CIMB Group approved the acquisition of up to 19.67% stake in CIMB Niaga from Khazanah. As of 30 Sep 2010, CIMB Group held 97.9% shares of CIMB Niaga



Stock Valuation :-






Investment Horizon For 3 Years : Target Price Rp 4920



Notes : If based on China story (huge population), the EPS growth rate for its banking sector is at least 20% and above for few years and move in tandem with it GDP.

As Indonesia is going through a major economy reformation, the momentum of its growth rate will be very strong because of the huge population (similar to China).