Erajaya Swasembada (ERAA IJ): Penetrates new segments

Erajaya Swasembada (ERAA IJ)
BUY / TP: IDR:610 (+13.0%)
Analyst: Chandra Pasaribu

Penetrates new segments
• XPeng, new EV in town
• White goods for the mass market
• Unlocks food and nourishment
• Re-iterate BUY with TP of IDR610 (US$0.04)