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MYOR – Margins Suppressed by Higher Raw Material Costs

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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

MYOR’s 3Q earnings and margins came out weak due to higher commodity prices and stricter restriction of public activities. Meanwhile, demand in the domestic market was relatively stable during PPKM in line with the growth of the food processing segment. Going forward, we expect the reopening of economic activity would boost the beverage segment considering the increase in demand for out-of-home consumption.

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