Jasa Marga (JSMR IJ): Stepping up the pace

Jasa Marga (JSMR IJ)
BUY / TP: IDR:5,100 (+27.2%)
Analyst: Chandra Pasaribu

Stepping up the pace
• Below expectation from depreciation
• Cost-saving initiatives
• Expecting impact from tariff increase in 2H23