Indofood CBP (ICBP IJ): On the strong footing

Indofood CBP (ICBP IJ)
Analyst: Anindya Saraswati
BUY / TP: IDR:12,500 (+11.4%)
On the strong footing
• Noodle business: undefeated champion
• Promising outlook on the dairy segment
• Preserve the adaptive innovation
• Initiate coverage with BUY and TP of IDR12,500