Cikarang Listrindo (POWR IJ): Feeling the kick from data centers

Cikarang Listrindo (POWR IJ)
HOLD-OPF / TP: IDR:980 (+2.6%)
Analyst: Chandra Pasaribu

Feeling the kick from data centers
• Mild organic growth with support from financial incomes
• DC demand supported growth
• Upping capacity with new investment in combined cycle
• Downgrade to HOLD-OPF, upgraded TP to IDR980