Invest Indonesia: CIMB Niaga

1Q2011 financial result will be released probably end of April 2011. My estimation for quarterly EPS = Rp34.5 12M 2011 EPS = Rp138 Target price = Rp2070 based on 15x PER. IF, the quarterly result turn out to be better than my estimation, then we may be able to see the share price to move to the target price soon. Therefore, for short term trading strategic: Buy @ 1770 Sell @ 2050 ( potential upside 15.8% ) within a month. GOOD TRY! This counter is good because it provide opportunity for short term investors and long term investors (if client want to invest for time horizon up to 3 years).