Nov 7, 2010

Watch Krakatau Steel 3Q net profit (1)

Investors are now in insane buying for PT Krakatau Steel (Persero) Tbk (KS) stocks in the primary market. They hope that Krakatau Steel stocks would jump in the first day trading scheduled on November 10 2010. Many investors estimated that Krakatau Steel stocks would soar in the first debut like what was experienced by PT Bank Jabar Tbk stocks.
In the third quarter (July to September 2010), Krakatau Steel enabled to post Rp2.88 trillion revenue and R52 billion net profit.
How Krakatau Steel to reach 2010 and 2011 target? How about valuation, is Krakatau Steel IPO price too low or too high? Please login or register to read the remaining story. 

Disclosure: No position at the stock mentioned above.  

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