CIMB: Holcim Indonesia Offering Attractive Upside

CIMB-GK Securities Pte said in a report today that PT Holcim Indonesia (SMCB) is a laggard to its cement peers and offers more “attractive upside potential in terms of margins and growth,” Lydia Toisuta, a Jakarta-based analyst at CIMB-GK, wrote in the note. CIMB said it finds “value” in the company.

SMCB, the country’s third-largest cement maker, gained 4.9 percent to 2,125 rupiah, the steepest rally since Nov. 8, after CIMB report.