Corporate Updates

Industri Jamu Sido Muncul (SIDO IJ): Unexpected halt in momentum

Industri Jamu Sido Muncul (SIDO IJ)
HOLD-OPF / TP: IDR:910 (+7.7%)
Analyst: Laras Nadira

Unexpected halt in momentum
• Muted sales were due to a slowdown in demand
• GPM fell deeper in 2Q22
• Forecast downgraded
• Downgrade to Hold-OPF

Corporate Updates

Industri Jamu Sido Muncul (SIDO IJ): Unexpected halt in momentum

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