Shares of Vale Indonesia (INCO), the largest producer of nickel in matte in the country, ended higher by 3.24% to Rp5,100 on Thursday (Feb 24) to make a market capitalization of Rp50.7 trillion (US$3.5 billion) or 1.6 x equity (US$2.15 billion). INCO is traded way below its peak last year despite higher average price of nickel in international market and the promising growth story.To subscribe please click here
