Rabu 04 april 2012

REMINDER Fr DBS Vickers:: * DILD: To spend Rp1tr capex in 2012 *** Intiland Development (DILD) plans to spend Rp1tr capex in 2012 for three new projects South Quarter in TB Simatupang, Aeropolis apartements in Cengkareng and Gandaria III apartments. 60% of the capex will be financed by external loans while the rest from internal cash. DILD has working capital credit facility from Bukopin, BCA and Mayapada totaling Rp620bn. As of 3Q11, the company has Rp811bn of bank loans, of which Rp579bn is long term with interest rate ranging from 11-15%. *** Buy,Rp275;Price Target : Rp505;