NISP Tigaraksa to pay Rp39/share dividend or 11.8% yield (TGKA, Rp330)

• Tigaraksa Satria’s shareholder has approved Rp39/share cash dividend for the company’s 2009 net profit or translates into 72.1% payout ratio. This figure offers an 11.8% dividend yield as compared to the company’s current share price.

• In the meantime, the company also shared its 2010F revenue target which expected to grow by 17-20% YoY or reaching Rp5.74tn vs Rp4.49tn in 2009. To support this target, the company has prepared Rp41.8bn capex this year to support its subsidiary’s, PT Blue Gas Indonesia, expansion plan.