Corporate Updates

Indofood CBP (ICBP IJ): Bottom-line falls below expectations

Indofood CBP (ICBP IJ)
BUY / TP: IDR:10,250 (+17.5%)
Analyst: Laras Nadira

Bottom-line falls below expectations
• Lower-than-expected earnings result
• EBIT margin dragged
• Downgrade in our earnings forecasts
• Re-iterate BUY with lower TP

Corporate Updates

Indofood CBP (ICBP IJ): Bottom-line falls below expectations

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