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Initiation

Jasa Marga (JSMR IJ): In for the long run

Jasa Marga (JSMR IJ)
BUY / TP: IDR:4,990 (+25.4%)
Analyst: Chandra Pasaribu

In for the long run
• Speed bump in 2020, but all good in 2021
• Cash flow challenges
• Cost cutting program
• We re-initiate with BUY call
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