Unilever Indonesia (UNVR IJ): Gains stem from streamlined business

Unilever Indonesia (UNVR IJ)
BUY / TP: IDR:2,020 (+14.5%)
Analyst: Erdji Herlando

Gains stem from streamlined business
• Focus on power brands
• Building back margin
• Short-term softened purchasing power
• We initiate coverage with a re-iterated BUY recommendation and a TP of IDR2,020 (US$0.11)