Corporate Updates

Indofood CBP (ICBP IJ): Eyes vibrant earnings in FY2024

Indofood CBP (ICBP IJ)
BUY / TP: IDR:12,700 (+13.1%)
Analyst: Laras Nadira

Eyes vibrant earnings in FY2024
• Top line was in line
• Impairment income loss from subsidiary of IDR2.3tn
• Improvement in EBIT margin
• Maintain BUY – TP raised to IDR12,700

Corporate Updates

Indofood CBP (ICBP IJ): Eyes vibrant earnings in FY2024

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