Sep 1, 2010

Indofood CBP sold at Rp4,300-Rp5.500

PT Indofood CBP Sukses Makmur (ICBP) today announces Rp4,300-Rp5,500 IPO price range, allowing it to snap up IDR4.98 trillion-IDR6.38 trillion proceed. The price reflects 15-20x price to earning ratio of its annualized earning this year.
The company plans to offload 1.16 billion shares in October 2010 and underwritten by four brokerages Deutsche Securities, Credit Suisse Securities, Kim Eng Securities, and Mandiri Sekuritas.

Disclosure: No position at the stock mentioned above.
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