LSIP posted moderate performance in 9M14 with
the top line grew by 21.8% yoy while bottom line profit grew by 57.7% yoy.
However, the latter was still below our expectation of 67.7% of our FY14F
numbers. As such we downgraded our TP to Rp2,350, but the recent market
correction has still provided us with BUY recommendation.
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