MYOR – Export market expansion

MYOR – Export market expansion Mayora Indah (MYOR) is projected to continue its performance growth due to the increase in ASP and the expansion on the export market. MYOR has posted double-digit growth in the domestic market and high single-digit growth in the export market in August 2024. Furthermore, MYOR predicts sales growth of 10-12% yoy in 2024. The expansion of the export market to Thailand was carried out after inventory adjustments due to the change of distributors as well as to China and Vietnam in line with the increase in demand during the Cake Festival in September. Moreover, the increase in coffee and cocoa prices is predicted to continue by 132% yoy and 183% yoy. Therefore, MYOR plans to increase prices gradually to maintain gross margins. (Source : Kontan)