It wasn't so much the write downs of SPC Ardmona for today's SP drop. It's more the continued competition and squeezing in the AU Supermarkets. Also you have the depreciating currency in Indonesia and only a 10% profit growth over there - while the average CCL investor is used to seeing 15%. I see no reason why the SP should go up instead of down from here.
It wasn't so much the write downs of SPC Ardmona for today's SP...
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