Mandiri Sekuritas upgraded Holcim to buy

20/5/2011

Irvin Avriano A.

Mandiri Sekuritas upgraded Holcim to buy

JAKARTA: PT Holcim Indonesia Tbk shares recommendation upgraded to buy level from hold level by PT Mandiri Sekuritas through its equity analyst Octavius Oky Prakarsa, Bloomberg reported this afternoon.

The 12-months target price for the company commandeered by Eamon John Ginley is set at IDR2,500 per sheet.

Today the company's shares appreciate IDR25 or 1.16% to IDR2,175 level. The price formed price to earnings rati (PER) 20.12 times and IDR16.67 trio market capitalization.

The action contrast with PT Kresna Graha Sekurindo Tbk analyst Irwan Budiarto recommendation to those shares. Irwan suddenly downgrade the recommendation for the shares that coded SMCB to hold level on May 10th and formed its a-year target price to IDR2,350.