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

CIMB-Niaga currently trading at 12.5x PER for forward earning year 2011 ( estimate to earn Rp137 per share ). Start to accumulate at this level.

Target Price : Rp2055 based on 15X PER of FY2011. ( potential upside 19% )
Rp2190 based on 16X PER of FY2011 (potential upside 27%)