Perusahaan Gas Negara (PGAS IJ): Improved margins QoQ

Perusahaan Gas Negara (PGAS IJ)
HOLD-OPF / TP: IDR:1,835 (+7.9%)
Analyst: Chandra Pasaribu

Improved margins QoQ
• Within expectation
• Continuous challenge from gas shortage
• Operational numbers in 7M25 relatively unchanged
• Downgrade to HOLD-OPF