Shares & Derivatives
Indofood Agri: A crash by any other word.
By A Singaporean Stockmarket Investor (ASSI)  •  May 23, 2011
Indofood Agri's decision to list PT SIMP, its subsidiary, could lead to earnings dilution and we could see EPS reducing by as much as 12%. This is according to Goldman Sachs. Indofood Agri's share price, however, declined some 15.7% today, closing at $1.72 after touching a low of $1.69. Could there be an opportunity to buy some shares on the cheap?
I do not understand what is going on sufficiently and how the valuation is being carried out. Therefore, I will avoid. Good luck to anyone vested......
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By A Singaporean Stockmarket Investor (ASSI)
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