Unilever Indonesia (UNVR IJ): Signs of a turnaround story

Unilever Indonesia (UNVR IJ)
BUY / TP: IDR:3,400 (+25.5%)
Analyst: Patrick Agustinus Nugroho

Signs of a turnaround story
• Bottom line beat our figure
• Consistent and on track
• Projection revised
• Better entry price anticipated – Upgrade to BUY with changed TP