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• Citigroup: United Tractor - Turning more sanguine

  Citigroup: United Tractors - Turning more sanguine nReiterate Buy; Raising target price by 18% to Rp26,000 — The hike follows higher earnings forecasts for 2011-12E factoring in higher..

• Holcim Indonesia (SMCB IJ, Rp 2,175 HOLD) Rich valuation / Danareksa

  Holcim Indonesia   Rich valuation   Upcoming expansion In late December 2010 Holcim commenced ground breaking for the construction of the new plant in East Java near Semen Gresik’..

• JPM Indo: Sell PGAS Buy ENRG

  Sell PGAS, buy ENRG Stevanus Juanda (analyst) has downgraded his rating on PGAS from O/W to U/W. He cuts his FY11-12 EPS by 12% and 20%, placing it below consensus (4% lower on FY11). He cuts his DCF ..

• Gold Bearish Objective at 1,400

  Gold has reversed lower offering evidence that a secondary top is in place. An objective comes in at the 100% extension of the decline from 1577.40, at 1411.90. This level intersects parallel channel ..

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