“The IPO could pose downside risks to our IFAR earnings estimates through potential EPS dilution, as well as possible holding company discount once its main operating asset is listed separately,” said Goldman Sachs in a report. The brokerage estimates that Indfood Agri’s 2011 earnings per share could be diluted by 12%. Singapore palm oil firm Indofood Agri Resources (IFAR.SI) fell as much as 8.3% on Monday on concerns that its unit PT SIMP’s initial public offering could dilute its earnings
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Indofood Agri IPO result 2011
