Industri Jamu Dan Farmasi Sido Muncul's Margins Likely Under Pressure in 2Q — Market Talk

About this update from Pt Industri Jamu Dan Farmasi Sido Muncul Tbk

Industri Jamu Dan Farmasi Sido Muncul's earnings margins are likely to remain pressured into 2Q, CGS International analysts say in a research report. Given higher oil prices, the Indonesian company's oil-linked costs are mainly reflected in packaging, which accounts for around 20% of its cost of goods sold. Given underlying cost pressures, the company revised its 2026 revenue and net-profit-after-tax guidance from a 5%-8% increase to flat. The brokerage reduces its 2026-2028 sales forecasts for the herbal medicine producer by 5%-6%. It downgrades the stock's rating to hold from add and lowers the target price to 370.00 rupiah from 580.00 rupiah. Shares are 2.1% lower at 366.00 rupiah. ([email protected])

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