As the dominant domestic player in both the heavy-equipment and mining-contracting sectors, United Tractors (UT) will benefit from rising coal demand. Mining remains its key sales driver, while we expect the new land bill to lead to a surge in demand for construction equipment from 2013. Production is gradually rising at its new coal assets, which also provides upside. The company generates more than 25% ROE and we estimate a 67% total shareholder return over 2012-14.
Selasa, 13 Maret 2012
Saham Pilihan Selasa, 13 Maret 2012
ASRI : Stochastic dan histogram masih
pada tren penguatan
Support : S1
580 S2 560
Resisten : R1 610 R2 640
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