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Jumat, 12 Agustus 2011

Citra Marga: Press interview with the Mr. Shadik Wahono, president director (CMNP, Rp1,430, Buy, TP: Rp2,000) - Mandiri

􀂄 Mr. Wahono told the reporter that his company is currently doing due diligence process on 5 toll-road segments, one of which is the Cinere-Jagorawi route. All the five segments are located in Jakarta and surroundings. The company has also submitted a tender to operate 16-km access road to Tanjung Priok sea port.
􀂄 Our take – we upgraded CMNP to Buy yesterday, believing that the company could be entering into a productive investment phase, post the departure of its un-wanted shareholder. We re-iterate Buy rating and TP of Rp2,000.

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