SMGR performance in 1H20 resulted in bottom line increase of 26.6% YoY, although the 2Q20 sales and profit both dropped by -9.5% and -25.5%. Under the National Economic Recovery (PEN), where the delayed infrastructure projects and construction will be continued, will help SMGR sales volume growth domestically. Export volume should also be intensified, considering export destination countries are gradually recovering.
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