Corporate Updates

Indofood CBP (ICBP IJ): Maintaining a solid performance

Indofood CBP (ICBP IJ)
Analyst: Anindya Saraswati
BUY / TP: IDR13,000 (+13.8%)
Maintaining a solid performance
• Noodles remain promising
• Other divisions on right path
• Upgrade earnings forecast
• Re-iterate our BUY call with higher TP of IDR13,000

Corporate Updates

Indofood CBP (ICBP IJ): Maintaining a solid performance

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