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