Plastics Demand High, LMPI Towards Rp 500?

Until the end of 2011, the demand for plastics and household products generated by Lasting Makmur Industri Tbk PT (LMPI) jumped sharply. This surge in demand coming from domestic consumers and foreign.

According to one market participant, from domestic demand and household plastic products grew 60%. While from overseas, the consumer accounts for 40% of demand growth by the end of 2011.

“With this soaring demand, LMPI reportedly posted a year-end profit increased approximately 58% compared to year-end 2010 earnings,” said the market participants on Friday (30/3/212).

He said there are indications the market will anticipate this news before the announcement of the financial statements at the beginning of the second quarter of this year, with a target share price LMPI Rp 500 per share.

Yesterday, the stock closed at LMPI green area in the middle market is sluggish at Rp 310 per share, up 60 points (+24%) with the volume of transactions valued at more than USD 5.19 billion.