Perusahaan Gas Negara (PGAS IJ)
BUY / TP: IDR:1,210 (+31.5%)
Analyst: Chandra Pasaribu

Uplifting operational numbers
• Distribution volume up +4.1% MoM.
• Transmission and upstream lifting volumes also growing MoM.
• Implementation of new MEMR decree.
• Undemanding valuation, upgrade to BUY.