RESEARCH ALERT- CLSA reinitiates Indonesia's Astra to "Buy"


JAKARTA, Dec 20 (Reuters) - Following is a list of Indonesian stock price target changes and rating changes. COMPANY RIC BROKER RATING (PVS) TARGET PRICE (PVS) Astra Int CLSA BUY (-) 64,000 IDR (-) BROKER STATEMENT: Government had slapped a ban on subsidized fuel purchase for private cars starting Mar2011 for Greater Jakarta, and to other regions by 2013. While this means a 50% increase in fuel price, we believe the erosion to purchasing power and consumer confidence will be much less ...

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