Indofood CBP Target Price IDR 6,600 by BNP Paribas

Indonesia’s biggest instant-noodle maker was rated “buy” in a new coverage at BNP Paribas SA, which said the company will be able to maintain profitability with its “strong” brand and pricing power. 

BNP has a share-price estimate of 6,600 rupiah for the company, according to the report by analysts including Elvira Tjandrawinata. Indofood CBP fell 1 percent to 5,100 rupiah.