Pembangunan Perumahan (PTPP IJ)
BUY / TP: IDR:1,160 (+14.9%)
Analyst: Muhammad Abdul Aziz

Weak results due to flattish expenses
• Booked IDR6.7tn revenue in 1H2020
• Flattish expenses dragged down the bottom line
• Still cautious balance sheet
• New-contract target trimmed
• We re-iterate our BUY call