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Optimisme analis, ihsg masih naik Citi Indo: April 8.   Indo Strategy: UP JCI target to 5300 from 5000. Ferry Wong upgraded JCI target to 5300 from 5000 based on bottom up approach by accommodating change in PT of companies under coverage. Our index new target translates into a 16x 12 mo forward PER vs current PER of 15.3x PER. What will support the market further from here are robust 1Q13 results (given strong 4Q12/FY12 results momentum driven mainly by domestic oriented sector), attractive equity earning yield 6.6% and bond yield 5.5% gap (equity earnings yield  is higher than  bond yield since Aug 2011 prior to that bond yield was higher than equity earnings yield by avg 1.3%) and if any, reduction in fuel subsidy to improve CAD.) In 4Q12, net profit of domestic-oriented sectors grew strongly by 28% YoY whereas banking sector net profit rose 20% YoY, on the flip side non domestic commodity fell by 42% yoy in 4Q. In FY12 domestic sector beat consensus by 2% with banks FY12 NP beat consensus by 6% while non domestic sector/commodity 6% below consensus. For FY13, Our top picks remain domestic oriented sector: Big cap top picks: Banks: BBRI, BBNI Cement: INTP Poultry: CPIN Infra: JSMR Media: MNCN.   Medium cap top picks: Property: BSDE, ASRI Media: SCMA Retail: ACES. Auto: IMAS. Indonesian Strategy: Upgrade Our Index Target to 5,300; What Is Next From Here? https://ir.citi.com/1QPQiVvp8or%2F5S3PDHNnVBPB8dK8hRw4Dy0Jr3Dd5TQ%3D