United Tractors (UNTR IJ): Stable guidance

United Tractors (UNTR IJ)
HOLD-OPF / TP: IDR:29,425 (+8.0%)
Analyst: Chandra Pasaribu

Stable guidance
• Indicative guidance for FY2026
• Gold Mining operations see temporary volume dip
• Business plan aligned at parent’s direction
• Re-iterate HOLD-OPF with TP of IDR29,425