Salim shares are positive; this analyst pick Indomobil as the most interesting

SALIM GROUP - JAKARTA. Tending to post a positive performance throughout 2018, the shares of Salim Group members are attractive as investment options this year. BCA Sekuritas analyst Achmad Yaki said that the prospect of the Salim Group members' shares was quite confident.

Salim group companies whose shares are traded on the stock exchange include PT Indomobil Multi Jasa Tbk (IMJS), PT Indofood Sukses Makmur Tbk (INDF), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Nippon Indosari Corpindo Tbk (ROTI), and PT Indomobil Sukses Internasional Tbk (IMAS).

"Interestingly, the performance of the shares is still good, there should be no problems," Yaki told Kontan.co.id, Friday (22/3).

He explained, in the last few days INDF shares showed a technical rebound. The same symptoms are also seen in IMJS and ROTI shares. "There is still much potential for up trends," he said.

Of all the Salim Group shares, Yaki most recommends IMJS. He set a target price of IDR 850. Last Friday, the closing price of IMJS was at IDR 730 per share, up 2.82% from the previous day.