Target Price London Sumatera Set to IDR 14,824 by OSK Research Sdn

The nation’s second-largest listed plantation company had its rating increased to “buy” from “trading buy” at OSK Research Sdn. which cited a higher crude palm oil price assumption and lower taxes. 

OSK raised London Sumatra’s share-price estimate to 14,824 rupiah from 12,492 rupiah, Alvin Tai, an analyst at OSK, said in a report.