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30-04-2012 Robust growth
Name of Analyst: Pauline Lee
Report: Update
Recommendation: OUTPERFORM
Target Price: IDR 5,000
Report Title: Robust growth
Contact Detail: +65 6596 8505
Pauline-Hwee-Chen.Lee@sc.com
27-04-2012 1Q12 results: Shortfall in petroleum volumes offset by higher prices
Name of Analyst: Harry Su
Report: Update
Recommendation: HOLD
Target Price: IDR 4,700
Report Title: 1Q12 results: Shortfall in petroleum volumes offset by higher prices
Contact Detail: +6221 250 5735
harry.su@bahana.co.id
12-04-2012 Fuelling growth; initiating with Buy
Name of Analyst: Nicholas Nugroho
Report: Update
Recommendation: BUY
Target Price: IDR 5,000
Report Title: Fuelling growth; initiating with Buy
Contact Detail: (+62) 21 318 9558
nicholas.nugroho@db.com
16-02-2012 Great business but calling time on the stock
Name of Analyst: Pauline Lee
Report: Update
Recommendation: IN-LINE
Target Price: IDR 3,800
Report Title: Great business but calling time on the stock
Contact Detail: +65 6596 8505
Pauline-Hwee-Chen.Lee@sc.com
24-01-2012 Unsubsidised growth
Name of Analyst: Jayden Vantarakis
Report: Update
Recommendation: OUTPERFORM
Target Price: IDR 3,450
Report Title: Unsubsidised growth
Contact Detail: (62) 2125548834
jayden.vantarakis@clsa.com
11-01-2012 New catalysts to bolster growth
Name of Analyst: Adi N. Wicaksono
Report: Update
Recommendation: HOLD (from BUY)
Target Price: IDR 3,600
Report Title: New catalysts to bolster growth
Contact Detail: (62 21) 2557 1130
anwicaksono@kimeng.co.id
05-01-2012 Fuel Policy Beneficiary ?
Name of Analyst: Ananita Mieke K.
Report: Update
Recommendation: BUY
Target Price: IDR 3,425
Report Title: Fuel Policy Beneficiary ?
Contact Detail: (62-21) 350 9888 ext. 3503
ananitamk@danareksa.com

DISCLAIMER:
The information contained herein is for information purpose only and not to be taken as any recommendation made by PT AKR Corporindo Tbk. The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. In considering any investment decision, you should make your own independent assessment and/or consult with your own professional financial and legal advice.