UNVR – Margin Improvement Amid Lower Topline
Despite booking soft revenue numbers, UNVR succeeded to record margin improvement in 3Q20. When looking into 3Q20
Despite booking soft revenue numbers, UNVR succeeded to record margin improvement in 3Q20. When looking into 3Q20
SIDO managed to record outstanding performance, despite uncertainty situation. On a more positive note, we believe
ERAA posted below-expected performance throughout the second quarter, which mainly due to store closures and a sharp
Retail has been one of the industries being hit the hardest by the pandemic, especially during 2Q20. However, we still
In the middle of an unprecedented pandemic, ICBP still enjoyed stronger earnings growth along with revenue growth. We
KLBF 2Q20 earnings exceeded our expectations, with the modest growth in distribution and consumer health segment, but
GGRM showed its ability to endure the tough quarter, even though the outlook is a bit more muted than last year. Our new
We already expected KINO to record weak performance in 2Q20 as the consequences of lower demand amid the pandemic. This
In the midst of unfavourable situation, INDF recorded a low single digit growth in 1Q20. This growth was mainly