AALI’s top line grew by 7.8% during pandemic and reached over IDR18.8 trillion, resulting in bottom line of IDR833 billion, or increased significantly by 294.6% YoY due to higher ASP which grew by 27.7% YoY or jump to IDR8,545/kg compared to previous year. We maintain BUY recommendation with lower Target Price at IDR13,175.
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