Mayora Indah May Benefit From Lower Cocoa and Coffee Prices, Deleveraging Efforts -- Market Talk

Dow Jones
06/24

0223 GMT - Mayora Indah may benefit from lower cocoa and coffee prices as well as deleveraging efforts, UOB Kay Hian analysts say in a research report. Year-to-date prices of cocoa, coffee and sugar are down 30%, 23% and 6%, respectively, and together account for around 20% of the Indonesian company's cost of goods sold based on the analysts' estimate. Also, management guides gross margin at 23%-25% in 2026 versus 22% in 2025, while the company's balance sheet continues to strengthen through deleveraging. The brokerage maintains the stock's buy rating, but lowers target price to 2,580 rupiah from 2,770 rupiah to reflect more cautious sector valuation. Shares are 1.4% higher at 1,840 rupiah. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 23, 2026 22:23 ET (02:23 GMT)

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