Erajaya Swasembada (ERAA IJ)
BUY / TP: IDR:1,380 (+15.0%)
Analyst: Chandra Pasaribu

Normality in 1Q20 not to last
• Better than expectation, but headwinds are ahead
• In better shape to face challenges
• Global handset sales down -11.7% YoY in 1Q20
• Looking good for recovery, re-iterate BUY