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.
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.
Indofood Sukses Makmur’s takeover bid for Indofood Agri lapsed Tuesday after failing to get enough shareholder acceptances, the Indonesia-listed company said.
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.
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
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 Resources reported Tuesday a first quarter net loss of 57.78 billion rupiah (S$5.55 million) as commodity prices fell.
DBS advised Indofood Agri shareholders to accept Indofood Sukses Makmur’s takeover offer, despite it being at the low end of plantation-acquisition multiples.
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
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.
These are Singapore companies likely to be in focus on Monday, 8 April 2019: Singapore Airlines, City Developments, SPH REIT, SGX and Yongnam.
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.