In today’s briefing:
- Cisarua Mountain Dairy (CMRY IJ) – Increasingly Accessible Protein Provider
- Morning Views Asia: Delta Dunia Makmur, MGM China Holdings
Cisarua Mountain Dairy (CMRY IJ) – Increasingly Accessible Protein Provider
- Cisarua Mountain Dairy (CMRY IJ) held an analyst call after its results, revealing a positive outlook for dairy products and premium consumer foods, with potentially higher margins ahead.
- The company launched several new products in 2023, with more of a focus on affordability through yoghurt sticks. It will launch more affordable Kanzler Singles in 2H2024.
- Cisarua Mountain Dairy will expand distribution through general trade and Miss Cimory MCM, with ongoing sales & marketing spending. Valuations remain attractive relative to growth and returns.
Morning Views Asia: Delta Dunia Makmur, MGM China Holdings
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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