Corporate Updates

Perusahaan Gas Negara (PGAS IJ): Eroded from cost increases

Perusahaan Gas Negara (PGAS IJ)
HOLD-OPF / TP: IDR:1,350 (+9.3%)
Analyst: Chandra Pasaribu

Eroded from cost increases
• Weak result, below expectations
• Gas cost hikes create uncertainty
• Surplus cash to reduce debt
• Downgrade to HOLD-OPF

Corporate Updates

Perusahaan Gas Negara (PGAS IJ): Eroded from cost increases

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