Monday, November 10, 2014

PT Nippon Indosari Corpindo Tbk - Solid Performance in 9M14

ROTI’s sales in 9M14 grew to Rp1.31 tn, or increased by 28.8% yoy. The net profit also increased by 44.9% yoy to Rp131.7 bn.  This achievement is in line with market expectations. With robust market growth for consumer goods in Indonesia and good company fundamental, we arrived at TP of Rp1,450. BUY.

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