Indocement (INTP IJ): Outperforms the industry

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

Outperforms the industry
• Largely in line
• Improved profitability
• Seeing further growth
• Upgrade to BUY with an unchanged TP of IDR11,500 (US$0.74)