United Tractors (UNTR IJ)
BUY / TP: IDR:30,725 (+18.1%)
Analyst: Chandra Pasaribu

Starting recovery mode
• Mining Contracting operations yet to bottom out.
• Heavy equipment to shift to construction and agribusiness
• Steady coal and gold mining
• Roll over to FY2021, new TP IDR30,725 (US$2.19) - BUY