SIDO – Tolak Angin sales prospects in the rainy season

SIDO – Tolak Angin sales prospects in the rainy season Industri Jamu dan Farmasi Sido Muncul (SIDO) is projected to continue its performance growth in 2H24 due to Tolak Angin sales prospects in the rainy season. Tolak Angin is a product in the herbal medicine and supplement segment that contributes around 50% of SIDO's revenue. Performance growth will also be supported by lower raw material costs and interim dividend distribution in this month or next month, which will be a positive catalyst for SIDO. Moreover, the expansion of modern trade distribution channels and the growth prospects in the export market by 15% in the next 3-5 years will contribute significantly to the performance of 2025 and beyond. SIDO targets to expand into the Southeast Asian market, especially Vietnam. Currently, SIDO has entered the Malaysian and Philippine markets and posted stable growth. (Source : Kontan)