Pertamina Geothermal (PGEO IJ): Outlines new investment initiatives

Pertamina Geothermal (PGEO IJ)
BUY / TP: IDR:1,800 (+18.8%)
Analyst: Chandra Pasaribu

Outlines new investment initiatives
• Aligns with green energy goals
• What we think is do-able
• Optimizing financing structure
• We upgrade our TP to IDR1,800 (US$0.11) and upgrade to BUY