Indofood Sukses traded at 7,350.00 this Thursday September 10th, decreasing 150.00 or 2.00 percent since the previous trading session. Looking back, over the last four weeks, Indofood Sukses lost 1.03 percent. Over the last 12 months, its price fell by 1.67 percent. Looking ahead, we forecast Indofood Sukses to be priced at 6,922.27 by the end of this quarter and at 6,088.09 in one year, according to Trading Economics global macro models projections and analysts expectations.
PT Indofood Sukses Makmur Tbk is an Indonesia-based company primarily engaged in food processing industry. It classifies its business into five segments: consumer branded products, bogasari, agribusiness, distribution as well as vegetable cultivation and processing. The Company operates its consumer branded products business through its subsidiary, PT Indofood CBP Sukses Makmur Tbk (ICBP). ICBP's products include dairy products, snacks, biscuits, food seasonings, beverages as well as nutritional and special foods. Its bogasari business comprises wheat flour and pasta manufacturing. Some of its bogasari major brands are Cakra Kembar and Segitiga Biru. Its agribusiness segment includes oil palm cultivation and milling as well branded cooking oils, margarine and shortening manufacturing. The Company's vegetable cultivation and processing business is conducted by its China-based subsidiary, China Minzhong Food Corp Ltd.