Consciencefood: 3Q11resutls above expectations. Net Profit +194% yoy to Rp32.2m, Rev +30% to Rp183.4b.
- DMG maintain Buy, TP $0.29, increase FY11F revenue and earnings forecast by 2% to take into account higher sales of instant noodles, which would be offset by the delayed production of its beverage line. With two new avenues of sales coming on stream next year and growing
instant noodle sales, house remain optimistic on the stock.
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