Blue Bird (BIRD IJ): Smooth road ahead

Blue Bird (BIRD IJ)
Analyst: Fransiska Sintia
BUY / TP: IDR:3,200 (+37.3%)
Smooth road ahead
• Better competitive landscape
• Diversifying into shuttle services
• Expect recovery in 2H19
• Re-initiate coverage with a BUY call and a TP of IDR3,200