Reliance Securities Research upgrade Target Price from Rp 490,- to Rp 600,-
Date: 07 july 2015Reliance Securities are reiterating Buy rating and upgrading TP for BJTM to IDR600 based on the two stage DDM which assumes a sustainable ROE of 15.8%, COE of 10.2 % (down from 16.5%) and an assumed sustainable growth rate of 4.1%. BJTM is offering a prospective dividend yield of 8.8%, making it more attractive to investors. Read more