CMRY wants to add 8 new businesses
Cisarua Mountain Dairy (CMRY) plans to add 8 new business lines through its business entity, Macoprima Panganutama (MP). The additional business lines are cooking spices & food flavoring, other food products, other aquatic biota lumatan, macaroni, noodle & similar products, bread & cake products, warehousing & storage, cold storage, poultry meat slaughterhouse & packing house businesses. CMRY EGM, which will be held on 13 Jun 24 will decide on this business expansion. (Kontan)
What we think: Marcoprima Panganutama (MP) is CMRY’s subsidiary in the consumer food business. CMRY already has non-dairy products such as Kanzler. However, the new business line may expose new risks to the company in a very competitive industry such as noodles, bread & cake.