Gresik upgraded to buy from hold

Gresik upgraded to buy from hold
Published: 17 November 2010

UOB-KayHian upgrades Semen Gresik to Buy from Hold, targets IDR11,100; says its likes Gresik’s efforts to ramp up cement production amid strong demand. "The company may benefit from higher cement volume and (selling prices) in the future, especially in 2012 when two cement plants are completed."