Shares of Indofood Sukses Makmur (INDF), the largest food company in Indonesia owned by Salim Group, ended higher by 3.5% to Rp6,675 on Thursday to make a market capitalization of Rp58.6 trillion, way below its equity (Rp90.93 trillion by Sept 30). Indofood is only one-third the value of GOTO Gojek Tokopedia, which collapsed 6.62% on Thursday.
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