Shares of Suparma (SPMA), paper manufacturer, opened lower by 5% Monday (Oct 31) despite strong performance in the third quarter. At the current price, Suparma has market capitalization of Rp273 billion, not even half of its equity. Fajar Surya Wisesa (FASW), another paper manufacturer, meanwhile, is now valued 2.3 x equity. To subscribe please click here
