Shares of some pulp and paper producers are clear losers this year despite relatively strong earning performance in the first nine months (9M) to September of 2022. Shares of PT Fajar Surya Wisesa (FASW) Tbk, for example, have fallen 19.3% so far this year, while Suparma (SPMA) dropped 24.3%. Tjiwi Kimia (TKIM) declined 0.9%, while its sister firm Indah Kiat (INKP) gained 15% year to date. Toba Pulp Lestari (INRU) gained 2.16% 0.7% year to date.To subscribe please click here
