Indofood CBP (ICBP IJ): Remains robust despite challenges

Indofood CBP (ICBP IJ)
BUY / TP: IDR:14,000 (+13.6%)
Analyst: Laras Nadira

Remains robust despite challenges
• Beat expectations due to forex
• Strong support from overseas
• Stable input cost for now
• Maintain BUY with new TP of IDR14,000