Indofood CBP (ICBP IJ): Uses its noodle to drive sales growth
Indofood CBP (ICBP IJ)
BUY / TP: IDR:12,700 (+23.0%)
Analyst: Laras Nadira
Uses its noodle to drive sales growth
• Noodles producer benefit from surge in rice price
• Expect another high margin from noodles
• Maintains a top-line stance, earnings revised
• Re-iterate BUY and target price