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EUR 13.15 For Business Accounts Only

An unfavourable environment weighs on PT SALIM IVOMAS PRA.TBK., which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of PT SALIM IVOMAS PRA.TBK. (ID), active in the Food Products industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date August 6, 2019, the closing price was IDR 314.00 and its target price was estimated at IDR 298.30.
Underlying
Salim Ivomas Pratama

PT Salim Ivomas Pratama Tbk is an Indonesia-based agribusiness company primarily engaged in oil palm plantation. Its business is classified into two divisions: plantations division as well as edible oils and fats division. Its plantations division is primarily engaged in the commercial cultivation of oil palm plantations, research and development and seed breeding; it is also engaged in rubber, sugar cane and other crops cultivation as well as sugar refining and copra crushing. Its plantations division derives its revenue primarily from the sale of crude palm oil (CPO), fresh fruit bunches (FFB) and other by-products, such as palm kernels. Its edible oils and fats division is engaged in the manufacture and sale of palm oil-based cooking oil, margarine, shortening, crude coconut oil (CNO) and other by-products derived from oil palm refining and fractionation as well as crushed copra. Some of the major brands under its edible oils and fats division are Bimoli, Delima, Palmia and Simas.

Provider
TheScreener
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