MYOR IJ - Eyeing Margin Protection with ASP Adjustments in 4Q24, Maintain Buy with a Lower TP
MYOR aims to continue ASP adjustments in 4Q24 to protect margins. Oct24 indicated to remain strong, implying sequential improvements.
254 Views
Mayora Indah (MYOR IJ) - Classy Biscuits and Beverages
Mayora Indah (MYOR IJ) saw a significant positive surge in profitability from lower raw material prices and lower operating costs in 3Q2023, which...
551 Views
Mayora Indah - Steady Indicative 2Q24 Sales Growth, with Intact Margin Outlook
MYOR’s management expects robust sales growth in 2Q24 off a low base in 2Q23 after double-digit growth (mom and yoy) in Apr-May24.
441 Views
Mayora Indah (MYOR IJ) - Benefiting from higher margins
In 2H23, the top line should remain solid supported by export markets and the period ahead of the elections. We revise up our FY23 earnings by...
346 Views
Mayora Indah - Expect 1Q24 Sales Momentum to Continue
We expect strong 2Q24 top line to continue (from low base in 2Q23); Apr24 YTD sales indicated to still see strong double-digit growth.
236 Views