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Industri Jamu Sido Muncul (SIDO IJ): Solid bounce back thanks to seasonality

 
Industri Jamu Sido Muncul (SIDO IJ)
HOLD-OPF / TP: IDR:610 (+1.7%)
Analyst: Laras Nadira

Solid bounce back thanks to seasonality
• Earnings surpassed expectations
• Strong turnaround in 4Q23 …
• … but will SIDO stay consistent in performance?
• Maintain HOLD with higher TP
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