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MYOR – 3Q20 Lifted By Strong Performance in All Segments

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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

We see that MYOR is bucking the trend, as many other FMCG players booked soft 3Q20 sales growth. We believe this growth was supported by significant improvement of domestic sales along with the relaxation of lockdown restriction, and will likely act as positive catalyst for the next quarter.

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