Added to YB: 2026-10-02
Pitch date: 2026-09-27
KEJU.JK [bullish]
PT Mulia Boga Raya Tbk
-0.84%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
PT Mulia Boga Raya Tbk manufactures and sells cheese and mayonnaise under the Prochiz and TopChiz brand names in Indonesia.
Market Cap
IDR 3.3T
Pitch Price
IDR 595.00
Price Target
N/A
Dividend
2.71%
EV/EBITDA
12.74
P/E
17.14
EV/Sales
1.82
Sector
Food Products
Category
growth
Hidden Champions of Indonesia - PT Mulia Boga Raya Tbk
KEJU.JK (quick overview): PT Mulia Boga Raya’s Prochiz brand has a 28% market share in Indonesia, making it the leading product, while cheese revenue is only 13% of the UHT milk market. Garudafood’s nationwide distribution network should help growth, and the new Sumedang factory might help; first-half revenue rose 41% year over year, though lower margins offset much of the gain. Rupiah weakness and the possibility that Wings launches cheese-related products are key risks.
Read full article (1 min)