Shaking the Indofood Tree - Economy - magz.tempo.co

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Shaking the Indofood Tree

Wednesday, October 20, 2010

Indomie contributes the largest sale revenues to Indofood. What will the fate of its shares be after the brouhaha surrounding the Taiwan case?

. tempo : 173228033891.

THE floor at Indonesia’s Stock Exchange was rocked on Monday of last week. The market had just opened, but Indofood’s duo of shares was falling already. PT Indofood Sukses Makmur Tbk’s shares (coded INDF) at one point hit level Rp4,800, down Rp300 from its position at the end of the previous week. PT Indofood Consumer Brand Product Sukses Makmur Tbk’s (coded ICBP) fared worse: it touched Rp5,200, far below the previous week’s closing pr

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