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Corporate Updates

Indofood CBP (ICBP IJ): Maintain resilient growth

Indofood CBP (ICBP IJ)
BUY / TP: IDR:12,200 (+44.4%)
Analyst: Laras Nadira

Maintain resilient growth
• Maintain sales growth across all divisions
• EBIT margin improvement
• Anticipate growth in FY2022
• Re-iterate BUY call
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