Bisnis.com, JAKARTA - Salim Group’s consumer goods giant PT Indofood Sukses Makmur (INDF) may see a silver lining in the second half with anticipated improvement in purchasing power thanks to higher government spending, after a challenging first half due to declining consumer confidence and global market fluctuations.
In terms of stock performance, INDF is in a correction trend throughout August but remains in the green year-to-date (YtD). The stock closed down 0.95% at IDR 7,850 last week, and has dropped 5.99% over the past month.
