Shares of Nusantara Sejahtera Raya (CNMA), the largest cinema network operator in Indonesia with its popular Cinema XXI brand, fell 3.25% to Rp238 on Friday last week (March 8), even though the Company reported a 47% rise year on year (y/y) in profit, also a 19% rise in revenue for 2023. At the last quoted price, CNMA was valued at Rp19.83 trillion, reflecting PE multiple 39.93. To subscribe please click here
