Pertamina Geothermal (PGEO IJ): Forex loss drags on results

Pertamina Geothermal (PGEO IJ)
BUY / TP: IDR:1,800 (+35.8%)
Analyst: Chandra Pasaribu

Forex loss drags on results
• Weaker than expectation
• Generation Capacity up 8.2%.
• Conservative balanced capex
• Re-iterate BUY with unchanged TP of IDR1,800