Unilever Indonesia Set to Benefit From Parent's Growth Action Plan — Market Talk

About this update from Pt Unilever Indonesia Tbk

Unilever Indonesia stands to benefit from parent Unilever's growth action plan, Bahana Sekuritas analysts say in a research report. The parent's plan for portfolio reorganization affects Unilever Indonesia via two channels: separation of the Foods business as part of Unilever's parent-level Foods combination with McCormick, and reduction in the number of 'tail brands," the analysts say. Of the two channels, the Foods combination with McCormick is likely to be the principal driver of value for shareholders, the analysts add. The brokerage initiates coverage of the stock with a buy rating and a target price of 2,000.00 rupiah. Shares are 1.25% higher at 1,620.00 rupiah. ([email protected])

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