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Corporate Updates

United Tractors (UNTR IJ): Benefits from high coal prices

United Tractors (UNTR IJ)
BUY / TP: IDR:36,600 (+13.2%)
Analyst: Chandra Pasaribu

Benefits from high coal price
• Beating expectation
• Price as main factor that accelerated revenue
• Earnings upgraded due to strong results
• Re-iterate BUY
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