0410 GMT - Indonesian stocks under CGS International's coverage may post a respectable 6% EPS growth in 2025, the brokerage's analysts say in a research report. These stocks are trading at an average of 2.4 standard deviations below the past 10 years' price-to-earnings ratios, which is already pricing in much of the global uncertainties, the analysts say. Key drivers for 2025 include the execution of populist programs and a consumption recovery in Indonesia. The brokerage's top picks are Bank Rakyat Indonesia, Bank Negara Indonesia, Telekomunikasi Indonesia, Indosat and Pakuwon Jati. It has add ratings on the stocks, with target prices of IDR6,000.00, IDR6,500.00, IDR3,050.00, IDR2,670.00, and IDR530.00, respectively. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
December 15, 2024 23:10 ET (04:10 GMT)
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