Mandiri Sekuritas BJTM Company Update

Date: 15 september 2015

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BJTM is currently trading at 0.8x P/BV 2015F as its share price slumped by -16.3%YTD (or -32.5% since its peak at Rp570). However it is worth to highlight that looking forward we expect Bank Jatim to offer dividend yield at 10.7-11.2% in 2016-2017F. Read more