Oil and gas services company Elnusa (ELSA), subsidiary of Pertamina, booked net profit of Rp247.14 billion last year to represent earning per share of Rp33.86. At the current price, Elnusa is traded with PE multiple 13 on historical 2017 earnings. While gaining nearly 100% since August 2017, Elnusa is still valued slightly above its equity. To subscribe please click here