Citra Tubindo Tbk. vs Indofood CBP Sukses Makmur Tbk. — how do they compare? Citra Tubindo Tbk. trades at Rp5,050 (market cap 4.04T), while Indofood CBP Sukses Makmur Tbk. trades at Rp6,600 (market cap 76.97T). The key difference: Indofood CBP Sukses Makmur Tbk. is far larger — about 19.1× Citra Tubindo Tbk.'s market cap. Which is the better fit depends on your goals.
| CTBN | ICBP | |
|---|---|---|
Market Cap | 4.04T | 76.97T |
Indicative Equilibrium Price | 5,000 | 6,625 |
Indicative Equilibrium Volume | 2 | 23 |
Trailing returns across standard periods
Latest headlines on both assets
PT Citra Tubindo Tbk (the Company) was established on August 23rd, 1983, on Batam Island under the rules of the Domestic Capital Investment (PMDN) the main activities of the Company are seamless pipe processing, end finishing of Oil Country Tubular Goods (OCTG) and fabricating accessories for the Oil and Gas Industry. The Threading and End Finishing plant commenced commercial operation in 1984 and received American Petroleum Institute (API) in the same year. In 1986 the Company installed and put into operation a precision electro-plating plant which also passed the stringent requirements of MEPSI (Mobil Exploration and Production Services Inc.) standards. The Company has also built an assembly line for Drilltec Protectors, to reduce the dependency on overseas supplies. The products of the Company are distributed among domestic and international oil and gas contractors operating in Indonesia, and increasingly exported to contractors working in countries such as Malaysia, India, Vietnam, the Middle East, Japan Canada, Australia, Venezuela and the Philippines.
Read more on CTBN →PT Indofood CBP Sukses Makmur (the company) was established on Sept 2, 2009, based on Notarial Deed No.25 of Herdimansyah Chaidirsyah, S.H. The Company’s Articles of Association was amended several times, the latest of which was covered in the Notarial Deed no.28 of Benny Kristianto dated Jun 10, 2010, among other, for the amendments in the company's whole articles of Association to comply with the requirements of the Capital Market and Financial Institutions Supervisory Agency.The Company was a spin-off of the noodle division and food ingredient division of PT Indofood Sukses Makmur Tbk, the shareholder of the Company, and started to carry out the related business operations on Oct 1, 2009.
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