Corporate Updates
Industri Jamu Sido Muncul (SIDO IJ): An upturn on its 9M20
Industri Jamu Sido Muncul (SIDO IJ)
BUY / TP: IDR:910 (+14.5%)
Analyst: Mewaharti Lai
An upturn on its 9M20
• Achievement made despite pandemic
• Outlook for its herbal & supplement (H&S) segment
• Lower gross margin
• We re-iterate our BUY call with a changed TP