Country Daily
Indonesia Daily
Top Stories
Company Results | Indofood CBP Sukses Makmur (ICBP IJ/BUY/Rp7,175 /Target: Rp10,150)
1H26 top-line was solid at 11.3% yoy, but core profit was flat at 0.7% (50% in line with our 2026 estimate) due to high freight costs and a weak rupiah. Despite 1H26 revenue exceeding guidance, management maintained its conservative outlook while reiterating that cost pressure remains manageable. Capacity and Pinehill distribution expansion remain on track. Maintain BUY on ICBP with a target price of Rp10,150.
Technical Analysis
Ketrosden Triasmitra | KETR IJ
Trading Buy Range: We have a technical Buy at Rp600, and take profit at Rp650.
GTS Internasional | GTSI IJ
Trading Buy Range: We have a technical Buy at Rp167, and take profit at Rp180.
Country Daily
Indonesia Daily
Top Stories
Company Results | Indofood CBP Sukses Makmur (ICBP IJ/BUY/Rp7,175 /Target: Rp10,150)
1H26 top-line was solid at 11.3% yoy, but core profit was flat at 0.7% (50% in line with our 2026 estimate) due to high freight costs and a weak rupiah. Despite 1H26 revenue exceeding guidance, management maintained its conservative outlook while reiterating that cost pressure remains manageable. Capacity and Pinehill distribution expansion remain on track. Maintain BUY on ICBP with a target price of Rp10,150.
Technical Analysis
Ketrosden Triasmitra | KETR IJ
Trading Buy Range: We have a technical Buy at Rp600, and take profit at Rp650.
GTS Internasional | GTSI IJ
Trading Buy Range: We have a technical Buy at Rp167, and take profit at Rp180.
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