WIKA recorded a revenue of IDR4.19 trillion (-35% YoY) due to declines in all revenue segments and pushed 1Q20’s net profit to IDR99 billion (-65% YoY). On the occasion of economic re-opening, WIKA will continue to operate the delayed projects and maximizing on going projects to boost cash flow. We recommend a BUY rating with TP of IDR1,840.
Download full report HERE.
