Shares of Merdeka Copper Gold (MDKA), a gold and copper producer recently entering nickel-electric vehicle business, opened flat at Rp4,250 this morning to make a market capitalization of Rp102.7 trillion or 3.3 x equity. MDKA is currently among the most expensive stocks, traded with PE multiple 71 on annualized earnings in the first nine months of 2022.To subscribe please click here
