Indofood Agri reports 3Q19 net loss as palm oil prices fell
Indofood Agri reported Thursday it swung to a 3Q19 net loss of 126 billion rupiah from a year-ago net profit as crude palm oil and palm kernal prices fell.
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Indofood Agri reports 2Q19 net loss widened as palm oil prices fell
Indofood Agri reported Wednesday its 2Q19 net loss widened to IDR216.54B from IDR68.60B in the year-ago period on lower selling prices for palm products.
Takeover bid for Indofood Agri lapses
Indofood Sukses Makmur’s takeover bid for Indofood Agri lapsed Tuesday after failing to get enough shareholder acceptances, the Indonesia-listed company said.
Financial Adviser: Indofood Agri takeover bid ‘not fair but reasonable’
The S$0.3275 a share takeover bid for Indofood Agri is “not fair but reasonable,” the independent financial adviser for recommending directors has said.
UPDATE: Singapore stocks to watch Monday: Keppel, CapitaLand, CMT, Genting Singapore, ST Engineering
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
UPDATE: Singapore stocks to watch Friday: F&N, ThaiBev, CapitaLand, KIT, ESR, Sabana REIT
These are Singapore companies which may be in focus on Friday, 24 May 2019: Fraser and Neave, Thai Beverage, Keppel Infrastructure Trust and ESR.
Indofood Agri reports 1Q19 net loss on lower commodity prices
Indofood Agri Resources reported Tuesday a first quarter net loss of 57.78 billion rupiah (S$5.55 million) as commodity prices fell.
DBS advises accepting offer for Indofood Agri shares despite low valuation
DBS advised Indofood Agri shareholders to accept Indofood Sukses Makmur’s takeover offer, despite it being at the low end of plantation-acquisition multiples.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, ThaiBev, Keppel, MLT, Indofood Agri
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
UPDATE: Indofood Sukses Makmur offers to buy Indofood Agri, valuing palm oil play at around S$391M
Indofood Sukses Makmur said Wednesday it offered to acquire the rest of Singapore-listed Indofood Agri it doesn’t already own for S$0.28 a share.
UPDATE: Singapore stocks to watch Monday: OUE C-REIT, OUE H-Trust, SIA, CityDev, SPH REIT
These are Singapore companies likely to be in focus on Monday, 8 April 2019: Singapore Airlines, City Developments, SPH REIT, SGX and Yongnam.
UPDATE: Indofood Agri swings to 4Q18 net loss as palm oil prices hit by US trade war
Indofood Agri reported Thursday it swung to a 4Q18 net loss after tax of 362B rupiah, or S$34M, from a year-ago net profit, mainly on soft commodity prices.