Indocement (INTP IJ): Soft input price supported profit

Indocement (INTP IJ)
BUY / TP: IDR:6,500 (+35.4%)
Analyst: Chandra Pasaribu

Soft input price supported profit
• Better than expectation from softer input cost
• Softer input cost helped profitability
• Slow start in beginning of 2025
• Re-iterate BUY – Attractive valuation