SIDO 1H 2026 Result

16% upside, BUY 27th August 2026 Price Rp 352 Target price Rp 406 Investment Considerations Channel Inventory Normalization Completed in 1H26 Q2 2026 Result: Sequential Recovery Despite YoY Earnings Pressure Valuation: Maintain Buy, TP IDR 406 (+16% Upside)

SIDO Q1 2026 Result

Buy 22% potential upside 13 July 2026 Price Rp 380 Target price Rp 460 Investment Considerations Herbal and F&B segments contract Amid Inventory Normalization Q1 2026 Result: Lower Volumes Pressure Margins Valuation: Maintain Buy, TP IDR 460