Corporate Updates
Sarimelati Kencana (PZZA IJ): Slow progress since pandemic
Sarimelati Kencana (PZZA IJ)
HOLD-OPF / TP: IDR:440 (+5.3%)
Analyst: Chandra Pasaribu
Slow progress since pandemic
• Early signs of a turnaround
• Revamps business approach
• Maximizes assets to create turnover
• HOLD-OPF maintained, lower TP of IDR440 (US$0.03)