In today’s briefing:
- Sido Muncul (SIDO): The Dawn of New Era
- Morning Views Asia: Lippo Karawaci, West China Cement
Sido Muncul (SIDO): The Dawn of New Era
- Launched 30 new SKUs during COVID-19 in multiple areas of health that can transform the company from herbal remedies into a bigger conglomerate of health providers.
- PE firm that backed SIDO in the earlier years reduced its holdings but it should not be seen as a vote of negative confidence in the company.
- Sido Muncul (SIDO IJ) can be compared to Blackmores Ltd (BKL AU) which has a wide range of health products but trades at a 100% premium to SIDO.
Morning Views Asia: Lippo Karawaci, West China Cement
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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