CIMB Niaga share price started to recover from recent low of Rp1440. A strong momentum push the share price to Rp1880 ( up by Rp310 or approximate;y 20%).
Estimate to post 4Q result by record EPS of Rp35 and full year EPS of Rp100. Also expect to have an average earning growth rate of atleast of 25% for coming years. Therefore, the target price for CIMB Niaga:
2011 - Rp2400
2012 - Rp3000
2013 - Rp 4000-4920
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