9M Results: Fajar Wisesa

Paper manufacturer Fajar Surya Wisesa (FASW) is among the best performing stocks with 59% gain year-to-date, supported by its stronger fundamentals. In the nine-months (9M) to September of 2017, FASW (popularly known as Fajar Paper) booked a net profit of Rp286 billion on revenues of Rp4.9 trillion. But year-on-year (y/y) basis, its profit dropped 58% mainly due to Rp33.7 billion loss in foreign exchange (forex). In 9M of 2016, FASW booked forex gain of Rp228.5 billion.

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