Corporate Updates
Adhi Karya (ADHI IJ): Soft earnings in 1Q20
Adhi Karya (ADHI IJ)
BUY / TP: 1,140 (+123.5%)
Analyst: Muhammad Abdul Aziz
Soft earnings in 1Q20
• Weak net profit despite better revenue
• Drivers of weak net profit
• New accounting standard application
• Re-iterate BUY call