Corporate Updates

Indofood CBP (ICBP IJ): Expects soft performance in FY2024

Indofood CBP (ICBP IJ)
BUY / TP: IDR:12,600 (+20.3%)
Analyst: Laras Nadira

Expects soft performance in FY2024
• Earnings in line
• Soft sales seen across all segments, except Dairy
• Margin to drag from possible rise in commodity prices
• Re-iterate BUY, lower TP

Corporate Updates

Indofood CBP (ICBP IJ): Expects soft performance in FY2024

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