Toll road developer and operator PT Citra Marga Nusaphala Persada (CMNP) Tbk is among top losers this year despite its relatively strong performance. CMNP share has lost 33% year-to-date to make a market capitalization of Rp4.5 trillion only. It is valued only at par its equity and traded with PE multiple 8, way below peers and overall market.To subscribe please click here