ICBP Stock Recommendation Potential to Continue to Increase Throughout 2022

ICBP’s stock recommendations opened an increasingly positive performance. This happened throughout the first quarter of 2022. PT Indofood CBP Sukses Makmur Tbk (ICBP) is one of the companies that is quite developing.

The company was able to record its successful performance by posting revenue of Rp 17.19 trillion. You could say that his income increased by 14% year on year.

Meanwhile, from the bottom line, the company recorded an increase in net profit of Rp 1.94 trillion or 12%. The income that the company generates can go up to 2 digits.

So that ICBP’s stock recommendations are now getting better. This has boosted the company’s performance in helping to recover the post-pandemic economy.

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Strong ICBP Stock Recommendations

Abdul Azis an analyst said if the growth of the company ICBP rose rapidly. This growth has increased with the addition of noodles by 16%.

However, significant growth occurred in odd seasoning and nutrition & special food. Both grew by 37% and 30% respectively.

In addition, the factors that influence the increase in growth are also ICBP’s bottom line. The financial burden of net income can grow in a positive direction.

However, from an operational perspective, the company recorded a decline. This is also influenced by the purchasing power of the people who are increasingly recovering due to the pandemic.

However, the performance of ICBP’s stock recommendations is still in the shadow of rising commodity prices for raw materials, especially wheat. The increase in wheat prices can still increase the economic burden of the company going forward.

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Demand Increases Due to Affordable Prices

PT Indofood CBP Sukses Makmur Tbk (ICBP) has many products that are sold in the market. All products are able to attract consumer interest well.

It is for this reason that the company was able to increase its revenue in the first quarter of 2022. ICBP’s stock recommendations do look more attractive with the increase in buying and selling activities carried out by the public.

Based on a market survey, the prices of various ICBP products are still relatively competitive compared to their competitors. Overall, the company can maximize demand, which is now increasingly experiencing an increase.

Moreover, the emergence of new product variants will help the company to be more optimistic about posting strong sales in the next quarter.

Also Read: PTBA Stock Recommendations Show High Figures During a Pandemic

ICBP Stock Growth Until the End of the Year

ICBP company recorded revenue growth of up to 15%. By the end of this year, the company’s revenue growth is predicted to reach Rp 65.4 trillion.

The volume growth from instant noodle sales will be even more solid from the acquisition of Pinehill and the adjustment of ASP. Meanwhile, from the other side, operating costs will be much higher and make the gross margin or gross profit this year potentially low.

ICBP’s efforts to improve efficiency, particularly in promotion and advertising costs, resulted in an operating profit growth of up to 5.1%.

The increase in net profit growth that the company gets will run until the end of the year. Natalia’s prediction is to maintain the recommendation to buy ICBP shares with a target price of Rp 10,100 per share. (R10/HR-Online)

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