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Corporate Updates

Sarimelati Kencana (PZZA IJ): Feeling the pressure

Sarimelati Kencana (PZZA IJ)
HOLD-OPF / TP: IDR:730 (+9.0%)
Analyst: Chandra Pasaribu

Feeling the pressure
• Below expectation
• Enough lines of defense
• Aiming at ex-Java market
• Re-iterate HOLD-OPF
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