FAST Stocks Grow after Taco Bell Launched in South Jakarta

Translator

Ricky Mohammad Nugraha

Editor

Markus Wisnu Murti

Jumat, 18 Desember 2020 19:49 WIB

KFC and Taco Bell outlets in Michigan, US. Photo: KFC

TEMPO.CO, Jakarta - The shares of Salim Group’s PT Fast Food Indonesia Tbk. (FAST) tended to strengthen parallel with the launch of Taco Bell Indonesia today on Friday, December 18.

Fast Food Indonesia is known more for operating hundreds of KFC Indonesia outlets. Friday's first trading session saw FAST stocks grow 0.49 percent (5 points) to Rp1,035, scoring a total transaction of Rp30.41 billion.

FAST stocks have grown by 12.5 percent this month but seen 18.82 percent correction during the year.

Taco Bell announced that it had publicly opened an outlet in Senopati, South Jakarta, on Friday, December 18. The launch of this place adds to the numerous fast-food chains that have been hit hard by the pandemic.

The IDX information disclosure stated that PT Fast Food Indonesia Tbk (FAST) planned to expand after reviewing the performance of the first Taco Bell branch.

Read: Taco Bell First Outlet Opened in Jakarta

BISNIS

Taco Bellfast foodIDXKFC

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