IndoAgri booked 1Q17 PAT before non-controlling interests of Rp376 billion ($39.4 million) or 25% of DBS’s full-year expectations.
SINGAPORE (May 3): DBS Group Research is maintaining Indofood Agri Resources at “hold” with a target price of 56 cents, pending changes in its forecasts.
“We believe any downside price movement could be a good opportunity to collect IndoAgri,” says analyst Ben Santoso in a Tuesday report.
