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.
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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.
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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...
337 Views
Mayora Indah (MYOR IJ) - Attractive FY24F Growth on Stronger Sales & Sustainable Margins
Following MYOR’s 9M23 earnings beat, we slightly raise our FY23-25F forecast and TP to IDR3,500 (from IDR3,300 prev.) as we expect MYOR will...
395 Views
Consumer: Expect Solid Core Profit Growth on Better Margins, Revenue Growth May Remain Soft
We estimate sector’s 2Q24 core profit to grow at a healthy doubledigit rate, but expect weak rev. growth (2.8% yoy/ -15.8% qoq)
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