Shares of state-owned toll road developer and operator PT Jasa Marga Tbk (JSMR) ended flat at Rp5,325 Monday (March 18). At this price, JSMR had market capitalization of Rp38.65 trillion or 1.9 x equity only. The company booked net profit of Rp2.2 trillion last year, flat compared to 2017, despite strong net profit growth of 45% in the last quarter of the year.To subscribe please click here