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<ul><li>Mayora Indah: Higher margins to boost FY23 earnings (MYOR.IJ IDR 2,650 BUY.TP IDR 3,300)</li><li>Amid this year’s Ramadhan period, MYOR has witnessed solid growth starting in 1Q23.</li><li>Combined with lower input costs and higher ASP from last year, the management is optimistic of robust performance in 1Q23. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mayora Indah: Higher margins to boost FY23 earnings (MYOR.IJ IDR 2,650 BUY.TP IDR 3,300)Amid this year’s Ramadhan period, MYOR has witnessed solid growth starting in 1Q23.Combined with lower input costs and higher ASP from last year, the management is optimistic of robust performance in 1Q23. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equity Bottom-Up

<ul>
<li>Amid this year’s Ramadhan period, MYOR has witnessed solid growth starting in 1Q23.</li>
<li>Combined with lower input costs and higher ASP from last year, the management is optimistic of robust performance in 1Q23.</li>
<li>Revenues should also receive a boost in the lead up to next year’s elections. As we estimate solid earnings going forward, we maintain our BUY call with a higher TP of IDR3,300.</li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Amid this year’s Ramadhan period, MYOR has witnessed solid growth starting in 1Q23.
Combined with lower input costs and higher ASP from last year, the management is optimistic of robust performance in 1Q23.
Revenues should also receive a boost in the lead up to next year’s elections. As we estimate solid earnings going forward, we maintain our BUY call with a higher TP of IDR3,300.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mayora Indah (MYOR IJ): Maintain Higher Margins to Boost FY23 Earnings

Indonesia

PT Mayora Indah Tbk manufactures candies and cookies.  Through its subsidiaries, the Company also manufactures food, coffee powder, instant coffee, and cocoa beans.

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Mayora Indah (MYOR IJ)

Equity Snapshot: April 13, 2023

Mayora Indah: Higher margins to boost FY23 earnings (MYOR.IJ IDR 2,650 BUY.TP IDR 3,300). Amid this year’s Ramadhan period, MYOR has witnessed...

BRI Danareksa Research

Mayora Indah (MYOR IJ): Maintain Higher Margins to Boost FY23 Earnings

Amid this year’s Ramadhan period, MYOR has witnessed solid growth starting in 1Q23. Combined with lower input costs and higher ASP from last year,...

BRI Danareksa Research

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