Aldira Sunrise 5 November 2024

• ICBP: Strong performance continuesICBP’s revenue met expectations at IDR 55.49T, representing 76% of our FY24F estimate,while net profit reached IDR 9.37T in 9M24, achieving 93.8% of the FY24F estimate. Thehigher-than-expected net profit was driven by an unrealized forex gain from financingactivities due to the appreciation of the Rupiah in 3Q24. We maintain our Buy […]
