Semen Baturaja (SMBR) is the smallest cement producer listed on Indonesia Stock Exchange (IDX) with sales revenue of Rp1.55 trillion only last year. Yet, it is now valued Rp31.36 trillion or US$2.35 billion, more than half of market leader Semen Indonesia (SMGR), whose annual sales revenue could be 18 times of SMBR.To subscribe please click here