Shares of milk producer Ultrajaya Milk (ULTJ) declined 0.7% to Rp1,445 on Wednesday (December 21), to market capitalization of Rp16.7 trillion, or 2.62 x of its equity per September 2022, as weaker profit prompted the selling. Ultrajaya makes Cimory (CMRY) looked very expensive, valued seven times equity. To subscribe please click here
