SGRO’s booked solid performance in 9M14 with
sales grew by 72.1% yoy, due to higher CPO price and strong production growth.
The net profit also came in strong and jumped to Rp310.8 bn (9M13: Rp30.7 bn).
We are positive on SGRO performance going forward and recommend BUY at TP of
Rp2,700.
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