SIDO: Favorable Momentum Ahead

Key Summary:
- Expecting sequential improvement from 4Q24 onwards
- Supportive government regulation for herbal industry
- Positive signals from shareholder buying the stock
The consumer sector typically provides a defensive play amid heightened market volatility, which has been happening recently in IHSG.
Within this sector, Sido Muncul (SIDO) could provide an attractive upside as it has a decent growth trajectory and poised to benefit from government regulation that supports the herbal medicine industry.