Corporate Updates

Indocement (INTP IJ): Acquisition in place

Indocement (INTP IJ)
BUY / TP: IDR:11,500 (+17.0%)
Analyst: Chandra Pasaribu

Acquisition in place
• Acquires SG
• Benefits from the consolidation
• Is the price is right?
• Upgrade to BUY with unchanged TP

Corporate Updates

Indocement (INTP IJ): Acquisition in place

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