Shares of textile manufacturer Indorama Synthetics (INDR), owned by Sri Prakash Lohia, lost 6.67% to Rp5250 on Tuesday (February 21) as the Company reported a drop in net profit for 2022. The last quoted price (Rp5250) reflected INDR’s market value (capitalization) of Rp3.4 trillion, way below equity (Rp7 trillion by Dec 31, 2022).To subscribe please click here
