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10/8/11

Intend to do efficiency, stock SMGR be the target of foreign?

JAKARTA. Shares of PT Semen Gresik (SMGR) positive moves inthe opening this morning. Shortly after opening, shares of cement manufacturer had a chance to sit at the level of USD 8400 orjumped 3.7%. At 09:49, shares SMGR rose 3.09% to Rp 8350.


Bloomberg data show, the three brokers who hunt these stocksare: BNP Paribas Securities valued at USD 5.86 billion, JPMorganSecurities, valued at USD 2.19 billion, and Credit Suisse Securities valued at USD 1.26 billion.

Action entire stock of foreign investors such as corporate efficiency measures undertaken. As reported previously, SMGR intends to build two generator units capture heat or waste heat recoverypower generators.

This tool captures the exhaust gas to the remaining production is then converted into electrical energy. Its main purpose is to sustainproduction at cement plant SMGR.
source:kontan.co.id
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