Corporate Updates

United Tractors (UNTR IJ): Managing the downtrend

United Tractors (UNTR IJ)
BUY / TP: IDR:27,500 (+14.6%)
Analyst: Chandra Pasaribu

Managing the downtrend
• In-line result
• Reduce impact from down cycle
• New lower TP of IDR27,500
• Re-iterate BUY recommendation

Corporate Updates

United Tractors (UNTR IJ): Managing the downtrend

Related Article

Unilever Indonesia (UNVR IJ): Trapped in a storm

Bank Rakyat Indonesia (BBRI IJ): Results in 1Q24 hit by soaring credit cost

Mitratel (MTEL IJ): Improves operating leverage

Bank Central Asia (BBCA IJ): To be defensive choice for longer

Telkom Indonesia (TLKM IJ): Yet to see traction from FMC

Ace Hardware Indonesia (ACES IJ): Makes sales growth gain on low base