Cikarang Listrindo (POWR IJ): Slow growth from seasonality

Cikarang Listrindo (POWR IJ)
BUY / TP: IDR:850 (+14.1%)
Analyst: Chandra Pasaribu

Slow growth from seasonality
• Gas supply constraints affect PLN demand
• Shor-term exposure to less efficient operations
• Data Center demand could be promising
• Re-iterate BUY on expected normalized operation