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11/7/11

European retailers Aims RALS, Target price of Rp 1,000?

Consortium of local and foreign fund managers rumored to bebored into the stock price of PT Ramayana Lestari Sentosa Tbk(RALS) to the position of USD 900-1000 in the short term.

According to one market participant, the hunt for these sharesafter blowing news that retail enterprise IT is being targeted by one of the retailers from Europe.

"Reportedly, one of the German retailers are aiming to work withthe company," whispered the market on Monday (11/07/2011).

According to him, the company is ready to open eight new storesin 2012 was already in talks with investors from Europe so thatthere is no agreement had been taken.

In trading today, until 9:45 pukulo JATS time, RALS stagnantstock price at Rp 650 per share. Its shares traded 69 times with a volume of 2152 lots valued at USD 709.95 million.


Disclaimer: Editors detikFinance not responsible for the contentof these stock rumors. All investment decisions remain in the hands of investors.

source: detik.com
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