Pertamina Geothermal (PGEO IJ): Steady result

Pertamina Geothermal (PGEO IJ)
BUY / TP: IDR:1,025 (+19.2%)
Analyst: Chandra Pasaribu

Steady result
• Within expectation
• Production volume up +4.7% YoY
• Expanding to 1GW in the next 2-3 years
• We downgrade our TP to IDR1,025, but re-iterate our BUY call