Cikarang Listrindo (POWR IJ): Pass through in place

Cikarang Listrindo (POWR IJ)
BUY / TP: IDR:1,000 (+44.9%)
Analyst: Chandra Pasaribu

Pass through in place
• Result in line with expectation
• Fuel increase reflected in tariff hikes
• Road map for alternative fuel
• Re-iterate BUY