Perusahaan Gas Negara (PGAS IJ): Faces supply constraints

Perusahaan Gas Negara (PGAS IJ)
HOLD-OPF / TP: IDR:1,835 (+7.6%)
Analyst: Chandra Pasaribu

Faces supply constraints
• Above expectation
• Volume continues to be flat, no new alternative source
• New management in place, but business plan retained
• Re-iterate HOLD-OPF call but TP is unchanged