NISP London Sumatra reduces new planting to 3,500-4,000ha (LSIP, Rp9,150)

London Sumatra reveals due to environmental factors, it has reduced its new
planting target from 5,000 ha to only 3,500-4,000ha. The company will utilize
Rp150.0bn of capex for that action.

The company’s first half financials is under review and expected to be published
in the third week of August.

LSIP is trading at 2010F PER of 13.3x and EV/EBITDA of 8.3x.