0732 GMT - Sariguna Primatirta is likely to post strong net profit after tax growth of 19% in 2026, Nomura's Heng Siong Kong says in a research report. Drivers include the pure-water products producer's sales volume expansion. Nomura sees a shift in Indonesia's consumption habits from boiled water to packaged water among demographics that seek standardized hygiene and relatively affordable pricing. Another driver is the company's year-to-date increase in average selling prices by 6%. However, Nomura cuts its 2026 and 2027 earnings forecasts for the company by 8% and 2%, respectively, to reflect higher packaging cost pressures. It lowers the stock's target price to 620.00 rupiah from 680.00 rupiah with an unchanged buy rating. Shares are 1.0% lower at 388.00 rupiah. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 03:32 ET (07:32 GMT)
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