Corporate Updates

Cikarang Listrindo (POWR IJ): Slight decline in IE demand

Cikarang Listrindo (POWR IJ)
BUY / TP: IDR:825 (+21.3%)
Analyst: Chandra Pasaribu

Slight decline in IE demand
• Below expectation mainly from tax expenses
• IE demand already showing recovery
• Managing sound cash flow
• Slower demand drives lower TP, but BUY maintained

Corporate Updates

Cikarang Listrindo (POWR IJ): Slight decline in IE demand

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