Unilever Indonesia (UNVR IJ): Gearing for change or facing stagnation?
Unilever Indonesia (UNVR IJ)
HOLD-UPF / TP: IDR:2,700 (-8.2%)
Analyst: Laras Nadira
Gearing for change or facing stagnation?
• Spin-off of ice cream business
• Facing disruption from local brand players
• To keep growth conservative in FY2024
• Re-iterate HOLD with unchanged TP