Corporate Updates

Unilever Indonesia (UNVR IJ): Trapped in a storm

Unilever Indonesia (UNVR IJ)
HOLD-OPF / TP: IDR:2,700 (+2.3%)
Analyst: Laras Nadira

Trapped in a storm
• Lower royalties drove earnings gain, in line
• Keeping selling price competitive
• Strategies to rebuild momentum in FY2024
• Re-iterate HOLD with lower TP

Corporate Updates

Unilever Indonesia (UNVR IJ): Trapped in a storm

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