Industri Jamu Sido Muncul (SIDO IJ): Hopes for QoQ rebound in 4Q

Industri Jamu Sido Muncul (SIDO IJ)
BUY / TP: IDR:700 (+12.0%)
Analyst: Laras Nadira

Hopes for QoQ rebound in 4Q
• Earnings were slightly below expectations
• Soft 3Q24 sales
• Rebound expected in 4Q
• Re-iterate BUY but with a lower TP of IDR700