BNI held its AGM on Wednesday, 12 May 2010 and announced some changes in its BOD and BOD composition. Key persons (Gatot M Suwondo as the President Director and Yap Tjay Soen as the CFO) maintained and four new directors were appointed:. Honggo Widjojo Kangmasto, Darmadi Sutanto, Adi Setianto and Sutanto. Honggo was formerly the Managing
Director of Bank Permata and ever worked for Indofood, Mandiri (as commercial director), BCA and BII, while Darmadi Sutanto was formerly Director of RBS Indonesia. The other two directors came from internal.
The AGM also approved the distribution of cash dividend amounted to Rp47.48/share, or translating into around 2.0% dividend yield. This is equivalent to 35% dividend payout.
Currently, BNI is trading at 2010F P/BV of 1.8x and PER of 10.6x. We maintained our buy recommendation on the bank with TP: Rp2,900 as our TP.
Tidak ada komentar:
Posting Komentar