Erajaya Swasembada (ERAA IJ): Enters EV distribution

Erajaya Swasembada (ERAA IJ)
BUY / TP: IDR:570 (+35.7%)
Analyst: Chandra Pasaribu

Enters EV distribution
• Entering EV distribution segment
• Kicks off partnership with G6 and X9 models
• Possible dilutive impact on cash flow
• Current business remains solid – Re-iterate BUY