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Corporate Updates

United Tractors (UNTR IJ): Tailwind from coal price

United Tractors (UNTR IJ)
BUY / TP: IDR:34,850 (+32.9%)
Analyst: Chandra Pasaribu

Tailwind from coal price
• Strong operational numbers
• Higher coal price to improve profitability
• Earnings upgrade, new TP
• Re-iterate BUY recommendation
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