Trimegah Bangun Persada (NCKL IJ): Volume boost fuels favorable outcomes

Trimegah Bangun Persada (NCKL IJ)
BUY / TP: IDR:1,250 (+50.6%)
Analyst: Alditya Galih Ramadhan

Volume boost fuels favorable outcomes
• Surprising results this quarter
• A glimpse ahead: widened capacity and pioneering downstream
• Maintain prudent cost structures
• Volume play continues; retain BUY with TP of IDR1,250