terima kasih pak infonya...... Financial summary FYE Dec 2006 2007 2008F 2009F 2010F Revenue (Rp bn) 6,632 8,802 11,581 16,694 18,887 EBITDA (Rp bn) 2,929 4,093 5,680 9,106 10,824 EBITDA margins (%) 44.2% 46.5% 49.0% 54.5% 57.3% Pretax profit (Rp bn) 2,647 2,454 4,644 6,940 8,979 Net profit (Rp bn) 1,893 1,573 3,186 4,765 6,180 EPS (Rp) 83 69 140 210 272 EPS growth (%) 117.1% (17.0%) 102.6% 49.5% 29.7% P/E (x) 19.5 23.5 11.6 7.8 6.0 Core EPS (Rp) 67 79 109 210 272 Core EPS growth (%) 60.1% 17.9% 37.5% 93.1% 29.7% Core P/E (x) 24.3 20.6 15.0 7.8 6.0 Gross DPS (Rp) 42 42 35 70 105 Dividend yield (%) 2.6% 2.6% 2.1% 4.3% 6.4% P/BV (x) 6.6 5.9 4.2 3.1 2.4 ROE (%) 38.7% 26.5% 42.4% 46.3% 44.9% Net gearing (%) 109.7% 125.0% 92.6% 29.7% N/A P/FCFE (x) (13.8) (1,321.4) 19.5 6.1 4.7 EV/EBITDA (x) 15.1 11.4 8.2 4.6 3.3 CIMB/Consensus (x) 1.01 1.03 1.03
salam --- In obrolan-bandar@yahoogroups.com, Rudy <[EMAIL PROTECTED]> wrote: > > Saya forward email dari teman soal Analisa PGAS dari CIMB > > ------------------------------------------------------------------------------------------------------------- > Tapi as of  3.47pm, cimb sendiri net sell terbesar  rp. 36 mlyrd >  >  > Trouble viewing this message! Click on the - HTML Version > 23 Oct 2008 >  Indonesia >   > Perusahaan Gas Negara > Company update - On track for growth - by Itphong Saengtubtim > (PGAS IJ / PGAS.JK, OUTPERFORM - Maintained, Rp1,630 - Tgt. Rp2,600, Utilities) >  > PGAS has confirmed that the construction of its South Sumatra West Java (SSWJ) gas pipeline was completed last month. This should lift investors' concerns about further project delays. With the completion, we expect PGAS's average sales volume this year to increase by 36% to 575mmcfd and by 43% to 820mmcfd in 2009. Net debt to equity should drop below 100% by year-end. There should be no pressure on PGAS to source for new funds to finance its projects after the completion of SSWJ. Maintain OUTPERFORM, albeit with a lower DCF target price of Rp2,600 (from Rp3,000) after changing our discount rate to 13.12% from 12.2% and rolling forward our target to end-CY09. >  > Full-report including important disclosures:  [ PDF] > > ________________________________
