VIVAnews - The market players are pointed out as having the positive sentiment of PT Semen Gresik Tbk (SMGR)'s fundamental as a trigger to accumulate the company's shares in the stock exchange.
BNI Securities analyst Maxi Liesyaputra said through his research received by VIVAnews that SMGR has a positive performance outlook, which is supported by the company's effort to imporove the company's efficiency.
The company is also trying to boost its production through debottlenecking project. Semen Gresik which recorded an 18 percent sales increase in the third quarter of 2009 would be able to book a 34.5 percent net profit rise that would be propped up by a high interest income.
Liesyaputra also added that the company owns a high treasury value, reaching Rp 3 trillion per September 2009. "The company is on net cash position," he said.
He projected that the positive performance sets the corporate share at Rp 7,500 until the end of 2009. "It is recommended to buy SMGR," he said.
Meanwhile, SMGR booked a significant sales percentage of 18.3 percent, valuing Rp 10.4 trillion in Q3-2009, albeit the domestic sales volume decreased 0.2 percent to 12.39 million tons.
The domestic selling gave a contribution of 97.3 percent to the company's total income.
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Translated by: Ariyantri E. Tarman
• VIVAnews
