Indofood Sukses Makmur Tbk PT (INDF)
Recommendation:
Rating: BUY
Sold at Rp2,400/shares. - Kim Eng Report - 19 Aug, 2008
Corporate Secretary announced that Indofood has sold 251.8m shares at Rp2,400/shares, rising Rp604b, to a subsidiary of an investment firm Zurich Assets International Ltd.
Comment:
The above represents 27.5% of Indofood treasury stocks, or 2.67% of total outstanding shares.
The placement price represents 26% premium from latest closing price, we expect positive sentiment from that.
Maintain BUY.
Today Indofood (INDF) Closing at 1910 with total value : 40.2 B
Posted by Unknown
on 6:19 PM. Filed under
Investmen/Stock
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