Indocement (INTP IJ): Improving volumes

Indocement (INTP IJ)
BUY / TP: IDR:6,290 (+25.2%)
Analyst: Chandra Pasaribu

Improving volumes
• Mainly in line, dominated by volume growth
• Getting higher volumes is key to profitability
• Remain cautious on 2H26 outlook
• Re-iterate BUY call with TP IDR6,290