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Rumors among market participants that the PT Jaya Pari Steel Tbk (JPRS) will be the final net profit in 2011 increased 121% compared to earnings last year. Its shares will dikerek to Rp 800 per share.
According to one market participant, net profit growth was underpinned by a very significant success of the company pressed most of the cost thanks to the rejuvenation of its production infrastructure.
"The need JPRS production also increased since the middle of this year, prompting an increase in product sales corporation," he told detikFinance, Tuesday (11/29/2011).
He said on the sidelines of the negative rumors that hit many steel producers developed countries, JPRS bagged several projects in cooperation with foreign companies in the provision of hot rolled steel plate material.
In the near future JPRS stock price will go back to touch the level of Rp 800 per share. In trading yesterday JPRS closed up 15 points (+3.03%) to a level of USD 510 with the volume of transactions valued at Rp 227.73 million.
source: detik.com
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According to one market participant, net profit growth was underpinned by a very significant success of the company pressed most of the cost thanks to the rejuvenation of its production infrastructure.
"The need JPRS production also increased since the middle of this year, prompting an increase in product sales corporation," he told detikFinance, Tuesday (11/29/2011).
He said on the sidelines of the negative rumors that hit many steel producers developed countries, JPRS bagged several projects in cooperation with foreign companies in the provision of hot rolled steel plate material.
In the near future JPRS stock price will go back to touch the level of Rp 800 per share. In trading yesterday JPRS closed up 15 points (+3.03%) to a level of USD 510 with the volume of transactions valued at Rp 227.73 million.
"Disclaimer: Editors detikFinance not responsible for the content of these stock rumors. All investment decisions remain in the hands of investors".
source: detik.com
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