Wednesday, January 9, 2013
Marco Polo
Marco Polo: DMG initiates Coverage with Buy call and $0.61 TP. House note that Macro Polo will list its' subsidiary, PT Pelayaran Nasional Bina Buana Raya Tbk (PT BBR), on the Indonesia Stock Exchange today, with 600m new shares issued at 230 rupiah apiece, raising gross proceeds of 138b rupiah.
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