Sarimelati Kencana (PZZA IJ)
BUY / TP: IDR:1,020 (+70.0%)
Analyst:
Chandra Pasaribu
Muhammad Abdul Aziz

Managing Covid challenges well
• Sales were holding up
• Still in black but this remains challenging
• From net cash to net gearing as of Jun
• Re-iterate our BUY call on the counter