Valuation Gap: Barito Renewables vs Pertamina Geothermal

Shares of Barito Renewables (BREN) ended lower by 1.7% to Rp6,675 on Wednesday (Oct 30) to make a market capitalisation of Rp893 trillion. While the company’s value already eroded 50% from peak, Barito Renewables is still 20 times of Pertamina Geothermal (PGEO), which actually reported substantially higher profit.To subscribe please click here