Jasa Marga (JSMR IJ): Returns to normality

Jasa Marga (JSMR IJ)
BUY / TP: IDR:5,100 (+66.1%)
Analyst: Chandra Pasaribu

Returns to normality
• EBITDA was in line, bottom line exceeded expectation
• Improvement in cash flow translates to better balance sheet
• Breaking up large-scale projects into stages
• Re-iterate BUY