Perusahaan Gas Negara (PGAS IJ): Growth stems from operations

Perusahaan Gas Negara (PGAS IJ)
BUY / TP: IDR:2,630 (+82.6%)
Analyst: Chandra Pasaribu

Growth stems from operations
• Gas distribution enclosing to target
• Benefiting from higher oil price
• Overhang from Gunvor arbitration request
• Re-iterate BUY