Bukit Asam (PTBA IJ): Domestic coal leader

Bukit Asam (PTBA IJ)
BUY / TP: IDR:2,630 (+19.0%)
Analyst: Muhammad Abdul Aziz

Domestic coal leader
• Benefited by growing domestic market
• Increasing distribution capacity
• Expanding new business line
• Re-initiate coverage with a BUY call and a TP of IDR2,630