CLSA : Sarina raised 2016 JCI target at 5150 expecting recovery to
accelerate as the Govt and central bank works in unison. Central bank has been
accommodative in loosening with its cut in reserve requirements while govt has
come through with economic packages boosting infra spending. Inflation and CAD
has improved while IDR stability post Fed rate hike would likely translate to
the largest rate cut in the region. Prefers interest rate sensitive with banks
trading at attractive valuations and the same applies to property and ASII