PGAS target price IDR 4150

PGAS from DBS Vickers:::
Perusahaan Gas Negara : Buy; Rp3,100;Price Target : Rp4,150;
The worst is over
Succeeds in passing on higher gas cost from Santos contract.  Key catalysts: Completion of LNG terminal and new gas supply contracts to boost gas volume.  Attractive valuation with 5% yield; maintain Buy and Rp4,150 TP.
 
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