Food and coffee processor PT Mayora Indah (MYOR) Tbk booked net profit of Rp120 billion in the first quarter of 2014, collapsed 45.7% from the corresponding period of 2013, mainly due to huge non-cash foreign exchange translation loss. Indofood Consumer Branded Products (ICBP), meanwhile, booked net profit of Rp689 billion, grew 7% from Q1/13. Has Mayora Indah been overvalued or Indofood CBP been undervalued?

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