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From my opinion, rally in this chart is showing that HEXA still has room to reach analysts target price Rp 3.975-4,400 in 12 months. I see HEXA business in 2009 still survive due to new contracts generated though my prediction said that earning 2009 still decrease 25-30%. For BBNI, it has already surpass my resistance line, and it still continue to rally. My guess, banking lowering credit rate is a good sign to increase credit and generate new income to reduce increasing NPL ratio. But BBNI has strong resistance in Rp 2,050 before it goes to Rp 2,200 (TP)
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Last Updated ( Saturday, 13 June 2009 )
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