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Saham ACST

CL initiate $ACST tp 6800

Construction has been the growth driver for Indo economy and expected to continue to do so in the coming years, driven by infra spending increase & more vertical property development. The contractors across
the board should see some benefit from construction boom, while we see better risk-reward trade-off in the private names compared to the SOE. We like Acset, and initiate with BUY and Rp6800 TP (+42% upside).

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