United Tractors (UNTR IJ): Commodity prices remain favorable

United Tractors (UNTR IJ)
HOLD-OPF / TP: IDR:29,500 (+7.0%)
Analyst: Chandra Pasaribu

Commodity prices remain favorable
• Despite net income being in line, an upgrade is warranted
• Minor adjustment on guidance
• Commodity prices favorable
• Downgrade to HOLD OPF