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Report Publish : February 03, 2010
Reasons for report : Company update
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Hexindo Adiperkasa Tbk
(HOLD - Rp3,600)
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Tittle : Absence of KPC Sales + Margin Plunge = Poor FY09
Analyst : Stanley Tjiandra |
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- FY09 profit saved by positive reversal in AFDA and lower tax rate.
- It is a disappointing result.
- Where is the KPC order?
- Big question mark on margin.
- Downward revision on US$/Rp rate.
- Risk-free rate (Rf) cut.
- We upgrade our this year´s net profit forecast by 25%
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