Shares of ceramic and tile producer Arwana Citramulia (ARNA) gained 0.9% to Rp510 on Wednesday, trading with market capitalization of Rp3.74 trillion, as investors welcomed the Company’s improved earning in the first half (H1) of 2019. Year to date, ARNA has gained 21.4%. At the moment, the stock is valued 3.5 x equity, pretty high for manufacturing companies listed on Indonesia Stock Exchange (IDX).To subscribe please click here