Indofood Cbp traded at 8,075.00 this Friday February 6th, decreasing 225.00 or 2.71 percent since the previous trading session. Looking back, over the last four weeks, Indofood Cbp lost 0.31 percent. Over the last 12 months, its price fell by 29.01 percent. Looking ahead, we forecast Indofood Cbp to be priced at 7,690.04 by the end of this quarter and at 6,960.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Indofood CBP Sukses Makmur Tbk is an Indonesia-based company primarily engaged in the manufacture of packaged instant noodles. It also manufactures dairy products; snacks; biscuits; food seasonings; beverages, and nutrition and special foods, which comprises foods for infants, babies, and expectant and lactating mothers. The Company is also engaged in packaging business as a supporting division, which offers flexible and corrugated packaging. Its major brands include Indomie, Supermi, Sarimi, Indomilk, Cap Enaak, Indofood, Piring Lombok, Chitato, Qtela, Lays, Cheetos, Promina and SUN. Some of its subsidiaries are Indofood (M) Food Industries Sdn. Bhd., PT Indolakto, PT Indofood Fritolay Makmur, PT Indofood Asahi Sukses Beverage and PT Surya Rengo Containers.