Corporate Updates

United Tractors (UNTR IJ): New guidance rolled out

United Tractors (UNTR IJ)
BUY / TP: IDR:34,700 (+17.1%)
Analyst: Chandra Pasaribu

New guidance rolled out
• Heavy equipment more optimistic
• Moderate growth in mining contracting
• More capex needed in gold
• Earnings downgrade – Re-iterate BUY

Corporate Updates

United Tractors (UNTR IJ): New guidance rolled out

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