JAKARTA – PT Cimory Dairy Group Tbk (CMRY) posted a 22.36% year-on-year (yoy) profit increase, from IDR 1.24 trillion to IDR 1.51 trillion in the fiscal year 2024.

CMRY operates in the food and beverage sector, focusing on premium dairy products and premium consumer foods. With its solid financial performance and promising business prospects, CMRY shares are gaining attention from investors seeking growth opportunities in the industry.

In technical performance, CMRY's share price has crossed the 5-day moving average (MA5), signalling the potential for further gains towards the resistance level of IDR 4,790 per share.

In the past month, CMRY's share price declined by 8.80%, from IDR 5,000 to IDR 4,560 per share. However, on a year-on-year basis, CMRY shares have risen by 9.09%, from IDR 4,180 to IDR 4,580 per share.

Investors can explore further technical analysis through the video link provided here. (DK/ZH)