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Corporate Updates

Industri Jamu Sido Muncul (SIDO IJ): Foreshadows sluggish performance

Industri Jamu Sido Muncul (SIDO IJ)
HOLD-OPF / TP: IDR:680 (+6.3%)
Analyst: Laras Nadira

Foreshadows sluggish performance
• Earnings fell short
• Slumped sales growth in core business
• Revision to our projection for FY2023
• Maintain HOLD with lower TP
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