Jan 13, 2011

DGIK entices Singaporean investor?

Singaporean investor reported will invest in construction and infrastructure corporate PT Duta Graha Indah Tbk (DGIK). One of the officials associated with the process said that Duta Graha has a bright prospect with a relatively low price.
“The Singapore investor was interested to enter the company for the reason that the fundamentals are relatively stable,” he said.
The DGIK-coded share has price earnings ratio (PER) 14.7 times with price assumption at Rp143 per share, 24 times lower than industry on the average. Furthermore, price book value (PBV) is 0.8 time or 2 times below the average.
On a separate place, Duta Graha Corporate Secretary Johan Halim did not argue but did not justify it either. “The plan is under shareholders territory and we have not obtain the information,” as he said.
However, He confirmed that the company share price is still below the nominal price or price book value potentially interest investors. “We have a strong cash, no wonder investors interested in it.”

Disclosure: No position at the stock mentioned above.

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