United Tractors (UNTR IJ): Revived gold mining starts to bear fruit

United Tractors (UNTR IJ)
BUY / TP: IDR:33,400 (+38.9%)
Analyst: Chandra Pasaribu

Revived gold mining starts to bear fruit
• Gold operation to resume
• Government decided to review coal production targets (RKAB)
• Nickel production target also under review
• Re-iterate BUY, slight downgrade in TP to IDR33,400