Behind the Solid Performance of PGAS, ELSA, PGEO, and TUGU, Pertamina Group Issuers

Emitters of the Pertamina Group are assessed as capable of maintaining relatively strong performance throughout the first quarter of this year, amid pressures on the Indonesian capital market influenced by global and domestic volatility. Several emitters under the Pertamina Group umbrella, such as PT Perusahaan Gas Negara Tbk. (PGAS) or PGN, PT Elnusa Tbk. (ELSA), PT Pertamina Geothermal Energy Tbk. (PGEO), and the insurance emitter PT Asuransi Tugu Pratama Indonesia Tbk. (TUGU) or Tugu Insurance, show fundamental strength and business resilience that remains solid.