DJ MARKET TALK: UBS Reiterates Buy On Inco, Downgrades Antam; --------------------------------------------------------------------------------
Thursday, 12 April 2007 09:05:14
0214 GMT [Dow Jones] STOCK CALL: UBS keeps Buy on nickel miner PT Inco
(INCO.JK) but downgrades rival Aneka Tambang (ANTM.JK) to Neutral from Buy;
targets Inco shares to hit IDR68,000 vs last close of IDR59,750, while Antam
target IDR16,000 vs IDR15,350 last trade. "We reiterate a Buy on Inco as our
new price target is 14 per cent above the current share price, with a dividend
yield of 10 per cent based on our forecast. We downgrade Antam to Neutral as
our price target is only 5 per cent above the current share price." Adds it has
positive view on nickel prices for 2007-2009.(EDH)
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