Perusahaan Gas Negara (PGAS IJ)
Analyst: Chandra Pasaribu
BUY / TP: IDR:2,600 (+18.7%)
Distribution and volume taps opened up
• Slight increase in distribution and transmission volume
• Other operations on weaker side
• Indicative capex of US$700mn in FY2020
• Re-iterate BUY call