Corporate Updates
Perusahaan Gas Negara (PGAS IJ): Results are lagging reality
Perusahaan Gas Negara (PGAS IJ)
HOLD UPF / TP: IDR:1,210 (+8.0%)
Analyst: Chandra Pasaribu
Results are lagging reality
• Net profit below expectation from impairment.
• EBITDA beat expectations but lags reality.
• Takes aim at downstream segment.
• Maintain HOLD UPF recommendation