UBS Cuts Banks Ramayana’s Profit Projection
Bisnis Indonesia, page B1, 2006-05-12
UBS AG cuts back PT Ramayana Lestari Sentosa Tbk’s profit projection and share level due to high operational cost. In addition, Ramayana’s share price decreased by 1.2 percent. Ramayana’s share price estimation was dropped 15 percent to Rp 930 per share. Moreover, the company’s profit projection for 2006, 2007 and 2008 were cut by 15 percent, 17 percent and 14 percent, respectively.