What happened to Indofood’s dairy business?

Cimory (CMRY) is now worth nearly US$2 billion despite the fact that it is smaller in size than established players like Ultrajaya (ULTJ) and Indomilk, subsidiary of Indofood CBP Sukes Makmur (ICBP). As mentioned earlier, Ultrajaya is now Rp11 trillion smaller than Cimory in terms of market capitalization.To subscribe please click here