Shares of consumer giant PT Indofood CBP Sukses Maker (ICBP), famous with its Indomie instant noodle, ended higher by 3.58% to Rp10,850 on Friday (May 3) even when the company’s net profit crashed 40.5% in the first quarter of 2024. Shares of parent company Indofood Sukses Makmur (INDF), on the other hand, closed flat at Rp6,225 trillion. The parent’s market value is not even half of the subsidiary.To subscribe please click here
