Stock Price INDF Will Be On The 8.985 Range

INDUSTRY.co.id - Jakarta - Indofood Sukses Makmur Tbk PT (INDF) stock price for the upcoming year there is potential to rise.

"So we see the fair price of INDF in the next 12 months will be at the level of Rp. 8,985. There is still a potential for INDF stock price increase of 20.98% from the current price at Rp 7,100, "said PT Narada Asset Management Analyst Kiswoyo Adi Joe in Jakarta, Tuesday (29/5/2018).

Estimated prices, he added, based on the assumption of ROE INDF predicted by the end of 2018 by 11%, beta stock INDF 0.91 Risk Free Return of 4.50%, PE INDF 23x highest, and growth of EPS INDF for the year 2018 amounted to 6%.

"We see INDF in 2018 this EPS can grow 6% of EPS in 2017 of Rp. 475, - to Rp. 503, - by the end of 2018, "he said.