Indofood CBP (ICBP IJ): Hits another high note

Indofood CBP (ICBP IJ)
BUY / TP: IDR:13,000 (+14.0%)
Analyst: Laras Nadira

Hits another high note
• Demand overseas and domestic will remain strong
• Stable GPM in 2H24
• Sugar tax on beverages and strong candidate in Free Meal Program
• Maintain BUY, roll out TP of IDR13,000