JAKARTA. Foreign investors were still on the lookout for opportunities to sell shares of PT Unilever Indonesia Tbk (UNVR), following divestment of ice cream business line worth IDR 7 trillion by Unilever Group.

According to IDNFinancials data, foreign investors registered a purchase of total 12.84 billion shares of UNVR last week. With foreign sell clocking up to 11.7 billion shares, the net buy arrived at 1.14 billion shares.

Last Monday (25/11), however, foreign investors reported net sell of UNVR’s shares of 826.06 million. This offloading trend continued to Tuesday (26/11), with net sell of 572.88 million. In total, within the past two days, net sell clocked up to 1.39 billion shares.

As previously mentioned by IDNFinancials, UNVR had announced its decision to divesting its ice cream business line to PT The Magnum Ice Cream Indonesia (TMCI). This corporate action is said to be a part of a broader strategy of UNVR’s parent entity, Unilever PLC. It is projected to allow UNVR to refocus on its core business in the future.

Last Tuesday (26/11), UNVR also announced its plan to distrtibute interim dividend of IDR 1.56 trillion or IDR 41 per share, taken out of its net profit collected until the first half (H1) of 2024.

Within the past 5 days of transaction, UNVR’s price showed 65 points or 3.60% increase to IDR 1,870 per share. Previously, on November 7, 2024, UNVR was at IDR 1,735, its lowest position within the past 52 weeks of transaction. (KR/ZH)