报告名称：United Tractors(UNTR IJ)Hold： Confidence wanes as coal prices fall further
报告类型：海外市场
报告日期：2016-01-27
研究机构：汇丰银行
页数：11
简介：Cautious outlook for contract mining; heavy equipment demand lacklustre and levels of optimism sink further
No major change to HSBC forecasts; we expect profit declines in 2016e and 2017e and our estimates are well below consensus
Maintain Hold at a slightly higher target price of IDR18,500 (from IDR18,200) to reflect our slightly higher 2016 forecast
下载地址：United Tractors(UNTR IJ)Hold： Confidence wanes as coal prices fall further
