Research

Research


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Ciptadana Research Report - UNVR - Great Company with Premium Price

February 20th, 2012

We initiate our coverage on PT Unilever Indonesia Tbk (Unilever, UNVR) with a HOLD ...

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Ciptadana Research Report - INCO - FY11 unaudited results update

February 16th, 2012

Maintain HOLD with TP of Rp3,700/share - We believe Karebbe power plant will be the ...

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Ciptadana Research Report - BDMN - Fiscal year 2011 results update

February 15th, 2012

BUY recommendation with target price of Rp5,900/share We change our ...

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Ciptadana Research Report - BWPT- Initiate-Sparkling Little Star

February 9th, 2012

We reinitiate our coverage on PT BW Plantations Tbk (BWPT) with a buy recommendation ...

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Ciptadana Research Report - BJBR- Initiate-Growing outside borders

February 7th, 2012

We initiate PT Bank Pembangunan Daerah Jawa Barat dan Banten, TBK (BJBR) report with a ...

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Ciptadana Research Report - SSIA- ReInitiate-Jewel of Land

January 6th, 2012

We reinitiate our coverage on PT Surya Semesta Internusa Tbk (SSIA) with a Buy rating ...

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Ciptadana Research Report - INCO- ReInitiate-Cost efficient company on a gloomy nickel price outlook

January 6th, 2012

We like International Nickel Indonesia (INCO) for its cost efficiency program through ...

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Ciptadana Research Report - ICBP- ICBP, a Cash Cow Well Posed for Growth

December 21st, 2011

BUY with Rp6,150 target price Target price valuation uses DCF method with ...

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Ciptadana Research Report - UNTR- Unleashing Coal Business Potential

November 17th, 2011

Buy with target price of Rp31,150We initiate UNTR with BUY ...

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Ciptadana Research Report - INDF- First Nine Months 2011 Results Update

November 14th, 2011

PT Indofood Sukses Makmur Tbk (INDF) reported sales of Rp. 33.8 trillion and net

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