Corporate Updates

Indocement (INTP IJ): Expecting headwinds from slower demand

Indocement (INTP IJ)
HOLD UPF / TP: IDR:12,000 (-3.2%)
Analyst: Chandra Pasaribu

Expecting headwinds from slower demand
• Beating our forecast numbers
• Management raised concerns over Covid-19 pandemic
• Downgrading our forecast
• Upgrade to HOLD UPF due to steep price correction

Corporate Updates

Indocement (INTP IJ): Expecting headwinds from slower demand

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