INDF stock recommendation, considering its performance that continues to improve throughout 2021. Even net sales reached 2 digits.
PT Indofood Sukses Makmur Tbk (INDF) is now continuing to prove its performance is quite serious. Positive performance continued to be shown throughout the year.
In fact, according to existing data, INDF shares have recorded an increase in net profit of up to 21.55%. year on year. So that pocketed up to Rp 99.34 trillion.
Especially during the pandemic that took place in several countries. In fact, this company was able to record a fairly good profit. The company, which is famous for its Indomie products, is even successful in foreign countries.
This is evidence of why INDF stock recommendations are now getting more and more popular. This is due to the increase in net profit and positive growth it has.
Also Read: The Cause of GOTO’s Stock Drop Occurs Globally, The Worst Condition
INDF Stock Recommendation Profile
PT Indofood Sukses Makmur Tbk (INDF) is one of the leading companies in Indonesia. Companies engaged in the sector consumer good This has been around since the 90’s.
Even now the company has run four main businesses, namely distribution, bogasari, branded consumer products, and agribusiness.
With the company’s increasingly advanced development, it indicates that PT Indofood Sukses Makmur Tbk (INDF) is one of the blue chip companies.
If you look at the company’s annual profit, INDF will grow by 18% yoy to Rp 7.64 trillion from the initial Rp 6.46 trillion.
Meanwhile, the annual lav that can be distributed to owners of the parent company owned by ICBP was reduced by 3% from Rp 6.59 trillion to Rp 6.39 trillion. This decrease occurred due to foreign exchange losses from unrealized financing activities.
However, the performance of INDF shares in 2022 is still growing. This was due to the boost in Pinehill’s sales targeting the Middle East, Africa.
Also Read: Twitter Stocks Drop As Elon Musk Files Suspension
INDF Stocks Impacted by India’s Grain Sector Closure
INDF stock recommendations are on the closure of wheat exports in India. This is a result of the ban on wheat exports to maintain domestic food security.
Especially with the increase in wheat prices due to the destruction of hundreds of wheat crops during March 2022 yesterday. Moreover, the impact of the conflict between Russia and Ukraine is also one of them.
This export ban caused the price of wheat to skyrocket. In fact, Russia and Ukraine contribute about 29% of wheat globally.
Higher input costs will affect the margins of consumer goods companies. The increase in wheat prices can still be overcome by the INDF for ICBP products and Bogasari wheat flour.
Also Read: Understanding Trading Halts and Its Impact on Stock Investors
In fact, INDF’s supply of wheat comes from several countries including India. But even so, the company still keeps the physical supply of wheat stock for the next 3-4 months.
This also has an impact on the increase in noodle prices as of April 2022. This wheat price has a high good and has a negative impact on INDF stock recommendations and puts price pressure on ICBP. (R10/HR-Online)
Source : HarapanRakyat.com