JAKARTA (Yosefardi) – Shares of Indofood CBP (ICBP) dropped 3% to Rp10,500 per share this morning, rebounded 17% from buttom, but still lost 19% from its peak year to date.
The company expands its business into fishery processing business with the establishment of PT Indofood Mitra Bahari Makmur. It also establishes PT Indofood Tsukishima Sukses Makmur for the production and distribution of margarine products.
Shares of its parent Indofood Sukses Makmur (INDF) also fell 1.49% to Rp6,600 per share, regained 19% from buttom. The stock has fallen 13% from its peak year to date.