Cikarang Listrindo (POWR IJ): Growth from IE and PLN recovery

Cikarang Listrindo (POWR IJ)
BUY / TP: IDR:850 (+17.2%)
Analyst: Chandra Pasaribu

Growth from IE and PLN recovery
• Gas supply recovery yet to reach normal level
• Operating improvement as gas supply starts to normalize
• Optimizing balance sheet
• Re-iterate BUY – TP is IDR850