First Quarter of Pulp & Paper

Shares of pulp and paper producers are clear losers this year despite a relatively strong performance in the first quarter of 2022. Shares of PT Fajar Surya Wisesa (FASW) Tbk, for example, have fallen 16.6% so far this year. Indah Kiat (INKP) only gained 0.9%, while its sister firm Tjiwi Kimia (TKIM) fell 7.79%. Toba Pulp Lestari (INRU) declined 13.6% year to date, while Suparma (SPMA) was flat.To subscribe please click here