dividen 150 kale, kan eps 280. btw, di kondisi market kayak gini banyak riset yg nakut2in ya. analisnya gak takut dosa/karma ya hehehe.
--- In obrolan-bandar@yahoogroups.com, "tjetjun" <asias...@...> wrote: > > mungkin harga sesudah bagi deviden 250 > > --- In obrolan-bandar@yahoogroups.com, simon bolenang > <simon_bolenang@> wrote: > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > 16 Feb 2009 > > Indonesia > > > > > > > > > > > > > > > > Timah > > > > > > Company update - Riposte of illegal mining - by Rania Rahmundita > > > > > > (TINS IJ / TINS.JK, UNDERPERFORM - Downgraded, Rp1,100 - Tgt. > Rp770, Basic Resources) > > > > > > > > > > > > Timah's FY08 net profit could be well below market and our > expectations largely on high costs of inventory. We see double risks > to its profitability in FY09-10 from: 1) softer demand (cutting sales > volume expectations by 5-12.5% for FY09-10) and tin prices (cut by 9% > for FY09-10 as illegal mining in Bangka-Belitung returns and China's > net import position further narrows); and 2) high inventory costs > (raising cost assumptions by 5% for FY09-10). We cut our FY08-10 EPS > estimates by 11-66% and our DCF target price by 40% to Rp770 (WACC > 17%, LTG 0%). More downside for the share price remains, in our view. > Downgrade to Underperform from Neutral. > > > > > > > > > > > > Full-report including important disclosures: [ PDF ] > > > > > > > > > > > > > > > > > > > > PS: if you wish to Opt-Out or Change your Mailing Details, please > send an email message to sg.resenquiries@ . Otherwise call your > respective Salesperson. > > > > > > For any other queries, please contact our Call Centre at 1800 538 > 9889, +65 6538 9889 (overseas) or email clientservices.sg@ . > > > > > > > > Disclaimer: No part of this report may be reproduced or distributed > in any manner without the written permission of CIMB and its > affiliates. CIMB and its affiliates specifically prohibits the > redistribution of this report, electronically or otherwise, and > accepts no liability whatsoever for the actions of third parties in > this respect. This email may contain privileged and/or confidential > information. If you are not the named recipient or addressee, you are > hereby notified that any use, review, disclosure or copying of the > contents herein is strictly prohibited. If you have received this > email by mistake, please notify the sender immediately by reply email > and discard/destroy all its contents. This email is for informational > purposes and should not be construed as a solicitation or offer to > buy or sell securities or related financial instruments. > > > > > > > > Disclaimer: > > This email may contain privileged and/or confidential information > intended only for the use of the addressee. If you are not the > addressee, or the person responsible for delivering it to the > addressee, you may not use, copy or deliver this to anyone else. If > you receive this email by mistake, please immediately notify us. > > Opinions contained herein may be the personal opinion of the sender > and do not necessarily represent the views of the Company. If you are > in any doubt as to whether the opinions are officially endorsed by > the Company, please contact our Compliance Dept at (+65) 6225 1228 > for clarification. > > > > >
