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Acset Indonusa (ACST IJ): On risky foundation awaiting payment
Acset Indonusa (ACST IJ)
Analyst: Muhammad Abdul Aziz
Not rated
On risky foundation awaiting payment
• From the ground up
• Turnkey project is an opportunity but with risks
• Poor 1H19 result from project delay
• New-contract update
• Less attractive as it struggles with profitability