Corporate Updates

Erajaya Swasembada (ERAA IJ): Cost of expansion

Erajaya Swasembada (ERAA IJ)
HOLD-OPF / TP: IDR:424 (+5.0%)
Analyst: Chandra Pasaribu

Cost of expansion
• Continue to be dragged by expansion costs
• Slower handset sales partly offset by growth of new ventures
• Higher costs lead to earnings downgrade
• Maintain HOLD-OPF

Corporate Updates

Erajaya Swasembada (ERAA IJ): Cost of expansion

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