NIPPON INDOSARI CORPINDO sees an upgrade to Positive due to a better fundamental star rating
The general evaluation of NIPPON INDOSARI CORPINDO (ID), a company active in the Food Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 31, 2021, the closing price was IDR 1,360.00 and its potential was estimated at IDR 1,468.70.PT Nippon Indosari Corpindo Tbk is an Indonesia-based company primarily engaged in the manufacture of packaged bread and cakes. The Company classifies its product into three categories: white bread, sweet bread, cakes and bread flour. Its white bread and sweet bread products as well as bread flour are marketed under the brand name of Sari Roti, while its cake products are marketed under the name of Sari Cake. The products are distributed through modern markets, such as convenience stores, and traditional markets. It operates a number of manufacturing facilities in Indonesia, including those in Cikarang, Pasuruan, Semarang, Medan, Palembang and Makassar.
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