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Corporate Updates

Ramayana Lestari (RALS IJ): May-19: Emphasizing on Lebaran Festive

Ramayana Lestari (RALS IJ)
Analyst: Vincent Yunnaraga
HOLD-UPF / TP: IDR:1,550 (-6.3%)
May-19: Emphasizing on Lebaran Festive
• May-19 sales figures: Seasonality effect takes its toll
• ...followed by stellar monthly sales figure
• Entering conclusive month
• Maintain HOLD-UPF call with unchanged TP
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