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Industri Jamu Sido Muncul (SIDO IJ): Sluggish across the board, misses the mark

Industri Jamu Sido Muncul (SIDO IJ)
HOLD-OPF / TP: IDR:570 (+10.7%)
Analyst: Laras Nadira

Sluggish across the board, misses the mark
• Below expectations
• To apply discipline to opex spending
• Slash earnings to worst case-scenario
• Maintain HOLD with lower TP
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