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Yusuf A. Winoto is to publish a report on Bank Bukopin, a mid-size bank. Net
profit is to grow robust at 25% and 14% in FY07-08. We like its business
strategy that targets consumer and commercial segments. Through an innovative
product called Swamitra, the bank is able to generate interest income and
fee-based income. We recommend BUY with target price Rp725, providing 21%
upside potential.
Highlights
• Bank Bukopin (BUY): Overlooked and Underrated
· Astra International (BUY): Toyota’s sales rose 49% M/M in Mar
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