Indofood CBP Sukses Makmur (ICBP.IJ) Resilient Product Demand to Cushion Against Rupiah Risk
We estimate FY25 vol growth of 5.3% yoy, supported by resilient demand for ICBP’s products amidst challenges in purchasing power.
195 Views
Indofood CBP - Inline 1Q24 Earnings
Maintain FY24-25F est and Buy rating with TP Rp12,900 (FY24F PE: 14.9x) on potential further upside from intact growth outlook
319 Views
Consumer: 4Q24 Earnings Outlook: ICBP and INDF to Be Robust, SIDO Eyes Upside
We estimate that the Indofood group still reported strong net profit in FY24, while SIDO may exceed consensus expectations.
187 Views
Equity Strategy: External Risks Loom...
Amid the possibility of further tariffs to be imposed by Trump, we think key risk to watch remains on EM currency and market risk-offs.
205 Views
External Risks Loom, But Improving Domestic Conditions May Cushion Against Further De-Rating
Amid the possibility of further tariffs to be imposed by Trump, we think key risk to watch remains on EM currency and market risk-offs.
223 Views