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ICBP – Maintaining Positive Momentum from Acquisition

  • Author
  • Recent Posts
Putu Chantika
Putu Chantika
Analyst - Consumer, Retail
Putu Chantika
Latest posts by Putu Chantika (see all)
  • ICBP – Supported by Topline Growth - December 20, 2021
  • ACES – Slowdown in 3Q21 Sales - December 7, 2021
  • ERAA – Continue on Growth Path - December 1, 2021

In the middle of an unprecedented pandemic, ICBP still enjoyed stronger earnings growth along with revenue growth. We also expected ICBP outlook to remain positive due to lucrative earnings form Pinehill acquisition. Thus, we upgraded our rating on ICBP from Hold to BUY.

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