Target Price Hexindo Adiperkasa set to IDR 9,500/share by OSK

PT Hexindo Adiperkasa (HEXA IJ), an Indonesian heavy equipment producer, rose 2.2 percent to 6,850 rupiah. The stock was rated new “buy” at OSK Research Sdn, which cited robust heavy equipment demand amid “strong commodity prices.” 

The share-price estimate was set at 9,500 rupiah, Arief Budiman, a Jakarta-based analyst at OSK Research, said in a note today.