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Corporate Updates

United Tractors (UNTR IJ): Positive momentum growth

United Tractors (UNTR IJ)
BUY / TP: IDR:30,700 (+17.4%)
Analyst: Chandra Pasaribu

Positive momentum growth
• Robust outlook for heavy equipment sales
• Sound demand from the mining sector
• Investment in green initiatives
• Re-iterate BUY with lower TP of IDR30,700
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