Thursday, March 31, 2011
Invest Indonesia-CIMB and BBTN
BNGA.JK - RP1780 CIMB-Niaga found good support at Rp1650 level (12x PER) and moving steadily toward Rp1850 and Rp2000. Still not too late to accumulate this 5th largest bank in Indonesia. BBTN.JK - Rp1680 ( refer to write-up on 20-2-2011) Break target price for level 1 Rp1600. Next target price Rp1850.
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