Five years ago Minna Padi Investama (PADI), a brokerage firm planning to acquire 51% shares of Indonesia’s second largest sharia bank Muamalat, was only worth Rp100. On Wednesday, the stock closed higher by 8.2% to Rp1520 to make market capitalization of Rp17.12 trillion. Why the company is valued 36 times total assets while its revenue was only Rp41 billion in the first half of 2017?To subscribe please click here
