Shares of newly listed bottled water producer Sariguna Primatirta (CLEO) ended lower by 3.3% to Rp464 yesterday as some investors realized gains. The stock has gained 181% from its IPO price of Rp165 few months back. CLEO is now valued nearly four times equity, significantly higher than ADES and ALTO, two other bottled water producers listed on Indonesia Stock Exchange (IDX). To subscribe please click here
