Wednesday, October 24, 2018 09:16 WIB

Premier Insight : ITMG, to distribute interim dividend of Rp1,420 per share, translating to a dividend yield 5.74%

ITMG: Indo Tambangraya Megah (ITMG IJ; Rp24,750; Buy) to distribute interim dividend of Rp1,420 per share, translating to a dividend yield 5.74%. Cum dividend date on 30 October 2018 with distribution date on 16 November 2018. (Kontan).

Comment: This attractive dividend yield would be positive for ITMG’s share price performance, in our view. We maintain our Buy rating for ITMG with TP of Rp29,000.