Pembangunan Perumahan (PTPP IJ)
HOLD / TP: IDR:1,560 (+5.1%)
Analyst: Muhammad Abdul Aziz

Building, EPC to be its bread and butter
• Booked contracts valued at IDR33.54tn (US$2.5bn) in 2019
• To rely on EPC and asset divestments within conservative target
• Re-iterate HOLD call with lower TP of IDR1,560