Erajaya Swasembada (ERAA IJ): New business yet to contribute
Erajaya Swasembada (ERAA IJ)
BUY / TP: IDR:445 (+29.4%)
Analyst: Chandra Pasaribu
New business yet to contribute
• Lower than expectations
• Cost outpacing top-line growth
• Earnings downgrade
• Steep correction in share price, upgrade to BUY
