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

Unilever Indonesia (UNVR IJ)
BUY / TP: IDR:3,400 (+47.8%)
Analyst: Patrick Agustinus Nugroho

Signs of a turnaround story
• Without one-off
• Revenue and cost recovery
• Impact from divestment
• Re-iterate BUY with unchanged TP