JP Morgan - Bank Danamon (BDMN)

the company will report 1Q10 results after market close today. Aditya is predicting NPAT of around Rp585bn, around 30-35% yoy growth. He expects a moderation in loan loss provision. The company booked Rp1trn loan loss provision in 4Q, the 1Q10 provision may come down to around Rp675bn. The stock trades on 2.35x price-to-book 12M forward. Investor Daily today is running a speculation about Henry Ho being the front runner for CEO post. Henry Ho’s biggest achievement was to complete the sale of BII. O/W.