Unlike other coal miners, shares of PT Toba Bara Sejahtra Tbk (TOBA) ended lower by 1.6% to Rp1,565 on Monday (Dec 3rd). At this price, TOBA had market capitalization of Rp3.15 trillion, slightly above its equity (Rp3 trillion by Sept 30, 2018). The stock has also been consistently traded way below peers despite strong performance in the first nine months of 2018. To subscribe please click here