Corporate Updates

United Tractors (UNTR IJ): Moving into non-coal mining

United Tractors (UNTR IJ)
BUY / TP: IDR:29,400 (+25.4%)
Analyst: Chandra Pasaribu

Moving into non-coal mining
• Looking into FY2024 operations
• New investment yet to contribute
• Capex on the lower side
• Slightly lower TP of IDR29,400 – Re-iterate BUY

Corporate Updates

United Tractors (UNTR IJ): Moving into non-coal mining

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